Mon.Jul 25, 2022

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What’s Causing Ongoing Home Price Appreciation?

Keeping Current Matters

If you’re thinking about making a move, you probably want to know what’s going to happen to home prices for the rest of the year.

Marketing 252
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The nation’s housing market is on a correction course

Housing Wire

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Several leading housing-market economists also are projecting the deceleration in home prices will continue in near the future as homebuyer demand ebbs — with one economist even predicting that prices will decline in some particularly hot markets

Marketing 418
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What is a Buyer’s Market in Real Estate

Maximum Exposure Real Estate

The Definition of a Buyer’s Market In real estate sales, there are essentially three types of markets. There is a buyer’s market, a seller’s market, and a balanced market. The differences between buyers’ and sellers’ markets are like night and day. Real Estate markets go through cycles. The real estate market never stays the same […].

Marketing 140
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Mortgage delinquency rate rebounds after hitting record lows

Housing Wire

The national mortgage delinquency rate rose in June after hitting consecutive record lows in each of the previous three months. The overall delinquency rate rose nine basis points to 2.84% in June, according to Black Knight. The delinquency rate is 35% lower than the same period last year and remains 30% below pre-pandemic levels. A total of 1.51 million properties were in early-stage delinquencies, defined as borrowers who missed a single mortgage payment, which is a 5% increase from May. ̶

Mortgages 370
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The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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A Library for All: The Story of Brooklyn’s Central Library, Decades in the Making

Brownstoner

It would be hard to imagine growing up without a public library. No matter if you are in a large city or a small town, the public library has always been a place to discover new worlds. Within the library walls can be found the world we know as well… Read More > The post A Library for All: The Story of Brooklyn’s Central Library, Decades in the Making appeared first on Brownstoner.

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Texana Bank to trim workforce in California

Housing Wire

Pink slips will arrive for 58 employees working in the mortgage business at Texana Bank in California, according to a Worker Adjustment Retraining Notification (WARN) sent to the state’s Employment Development Department. Lauren Witherspoon, director of human resources, wrote: “Circumstances will force Texana Bank to conduct layoffs,” taking place Sept. 5, according to the document reviewed by HousingWire.

Banks 370

More Trending

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Even super hot housing markets like LA are cooling off

Housing Wire

Our local market feature spotlights five different areas across the country for each HousingWire Magazine. Local real estate agents, loan officers and appraisers from each city share what characteristics are currently defining their housing markets. Rapid City, South Dakota. Rapid City, South Dakota. Coming in at Realtor.com’s No. 1 housing market for spring 2022, there is no doubt that the housing market in Rapid City is one to watch.

Marketing 370
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Real Estate Tech Awards – Applications Due August 1st

GeekEstate

Calling all?startups?and?scale-ups?reimagining the?built world: Colliers is partnering with?CREtech to host this year’s Real Estate Tech Awards, an opportunity for innovative companies that are advancing technology across the CRE industry to be recognized. Get your applications in now and meet us on the global innovation stage October 12 – 13 at?

Staging 124
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Even in a down market, lenders lean on LO signing bonuses

Housing Wire

Gone are the days that loan originators received hefty signing bonuses to crank out refi after refi. But make no mistake, even in a down mortgage market lenders are still dangling signing bonuses to recruit high-producing LOs who can eat what they kill. Signing bonuses are still here to stay for distributed retail LOs because top-producing LOs have always been in demand, said Jim Cameron, author of a report on signing bonuses from Stratmor Group.

Marketing 370
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How Much Value Does Central Air Add to Your Home?

HomeLight

If you’re still using window units or fans to keep your home comfortable, you might feel left out in the cold. While at least 90% of homes nationwide use some type of air-conditioning , government statistics show that 66% o f them use central air. Researchers predict this market will grow more than 5% by 2026 , thanks to higher temperatures and humidity worldwide and the changing view of AC as a utility rather than a luxury.

Branding 119
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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5 Emerging Trends in Community Association Management

App Folio

It can be hard to keep up with the prevailing winds of the community association management industry. So much has.

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Here’s What NOT To Do After Closing On a House

HomeLight

As anyone who has done it can surely attest, there’s much more to buying a house than simply agreeing on a purchase price with the seller. The days or weeks between signing off on the contract and actually sitting down at the closing table are rife with obstacles and potential setbacks — it’s not called the closing “process” for nothing!

Closing 116
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How agents transition successfully from residential to commercial real estate

The American Genius for Real Estate

NAR's Spire membership program was birthed out of efforts to diversify the real estate field and a commitment to mentorship. The post How agents transition successfully from residential to commercial real estate appeared first on The American Genius Real Estate.

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What Are Prepaid Costs When Buying a Home, And How Do You Calculate Them?

HomeLight

At first, buying a house might seem pretty straightforward. You look through listings, drive around your favorite neighborhood, or maybe search for a haunted house , find one in your price range that you love, make an offer, and you have a house! But once your offer is accepted and you get into the homebuying process, the costs just seem to keep racking up.

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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Employment Situation in June: State-Level Analysis

Eye on Housing

Nonfarm payroll employment increased in 38 states in June compared to the previous month while 11 states and the District of Columbia lost jobs. Rhode Island reported no change. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 372,000 in June, following a gain of 384,000 jobs in May. On a month-over-month basis, employment data.

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Selling a House ‘As Is’ in Texas

HomeLight

Looking to sell a house “as is” in Texas? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. “Even if sellers think their house isn’t ready, there are ways to get it right for selling if they want to sell,” says Kelley Martin , a top real estate agent in San Antonio who sells homes 48% quicker than the average area agent.

As-is 111
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Special Announcement: The Madrona Group has Acquired the John L. Scott Westwood Office

Mandrona Group

The Madrona Group has acquired it’s 2nd John L. Scott office. Along with our Ballard location we have added the. Read More.

Agents 111
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Home Appraiser vs. Home Inspector: What’s the Difference When Selling a Home?

HomeLight

Caveat emptor. Let the buyer beware. One of the world’s oldest sales maxims remains especially relevant in real estate transactions. While a home is usually a family’s largest purchase, it’s also a complex configuration of materials, technology as well as structural and mechanical engineering. And, even a home built with quality construction can fall into disrepair over decades or within an instant after a catastrophic weather event or other event tests or compromises its integrity.

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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

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Dallas Cowboys fullback and Engel & Völkers agent on his real estate game plan

Real Trends

Nick Ralston, Engel & Völkers Frisco, Texas. Dallas Cowboys fullback Nick Ralston finishes his workout in the Cowboys’ weight room, showers and dresses in the locker room. He walks three minutes to The Formation, a professional workspace in The Star, the Cowboys’ world headquarters. He sits at a desk in the Engel & Völkers Frisco office in The Formation, tending to his other role: real estate agent.

Agents 109
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Is A 2% Real Estate Commission A Good Way To Save Money?

HomeLight

If you’re selling your home, a 2% real estate commission may seem enticing in comparison to the average 5% to 6% rate. But you may be wondering if you can expect the same value from a low-commission agent that you’d receive from a full-commission real estate agent. In this article, we explore the reasons why some agents might offer a discounted rate and what kind of service you can expect from a low-commission agent or discount brokerage.

Brokerage 111
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Homebuyers taking a leap of faith and relocating to dream destinations

Real Trends

Sellers are moving further from their original homes this summer, according to a recent Coldwell Banker Real Estate Move Meter report. Based on traffic to the company’s website, the average search covered 1,015 miles, about the distance of New York to Miami. In addition, the report highlighted search interests on a state-by-state basis — important information for brokers and agents marketing their listings.

Agents 108
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What are the Pros and Cons of Flat Fee Real Estate Brokers?

HomeLight

When you bought your house, you probably didn’t pay much attention to commissions. After all, commissions are typically the seller’s responsibility. But when it comes time to sell, that 5%-6% commission can be hard to swallow. You’re wondering if there’s any way to save money on your sale, perhaps by using a flat fee broker. What is a flat fee broker?

MLS 110
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The Broker Action Plan for the Post-NAR Lawsuit Landscape

Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

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A $4.2M Florida home with cool ’80s vibes and Miami Vice credits hits the market

Fancy Pants Homes

When you think back to the 1980s — the look, the sound, the feel — you likely conjure up thoughts and vibes from one of the most influential TV shows of the decade: Miami Vice. But if you happen to be too young to remember, we’ll happily bring you up to speed. The series, which ran for five seasons on NBC from 1984 to 1989, followed two Metro-Dade Police Department detectives working undercover in Miami.

Marketing 105
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Monday Morning Quarterback: Now THIS Is The Tipping Point!

Toronto Realty Blog

TorontoRealtyBlog. Trust me folks, I did not want to write about this. I mean it. But I knew I had to. I just kept putting it off, like at 10:15pm on Wednesday night when you know you have to take the garbage out, but you’re too tired to get off the couch, and the longer you wait, the more likely you are to forget, or convince yourself you can do it in the morning.

Land 105
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What Are the Most Effective Ways For Real Estate Agents to Build a Social Media Brand

Realty Biz

As a real estate agent, it’s essential to build your social media brand. However, getting started can be a daunting task. Many agents want to grow an online following overnight, but quickly become discouraged. Instead, find out how you can increase your leads and revenue by taking measured steps and setting attainable goals. Choose the Right Platform For Your Real Estate Niche.

Branding 103
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Daily Links: Brooklyn Families Yet to See Justice in Cases Involving Alleged Serial Deed Fraudster

Brownstoner

In the News He Runs a New York Real Estate Empire. Did He Steal It? [NYT] Heat Waves Sweep the Northeast Over Sweltering Weekend [NYT] What Cooling Off Looks and Feels Like in New York [NYT] Brooklyn Bishop Robbed in Jewelry Heist During Livestreamed Service [NYP] The Singing Reverend Who Switched Seminary for Brooklyn’s Bars… Read More > The post Daily Links: Brooklyn Families Yet to See Justice in Cases Involving Alleged Serial Deed Fraudster appeared first on Brownstoner.

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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.

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3 Properties That Need More Due Diligence Before Purchasing

Realty Biz

When you are buying a home there are three types of properties that need more research and due diligence. These kinds of properties include condemned houses, hoarder homes, and short sales. It is easy to make mistakes when you don’t do your homework. Home buying mistakes could cost you ten’s of thousands of dollars and possibly more. Buying a property is a big investment.

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City Mulls Ditching Controversial Property Transfer Program as Federal Class-Action Lawsuit Looms

Brownstoner

The Adams administration said Friday it is taking a hard look at the city’s Third Party Transfer (TPT) program after the U. S. Southern District Court of New York rejected a second city appeal against Black and Hispanic property owners seeking millions of dollars in restitution for property seized under… Read More > The post City Mulls Ditching Controversial Property Transfer Program as Federal Class-Action Lawsuit Looms appeared first on Brownstoner.

As-is 98
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Significant Sales: June 2022 Highlights

Sotheby's International Real Estate

From a USD $62M sale in Naples, Florida to an AUD $4.8M sale in Queensland, Australia, here are June 2022’s five highlighted sales represented by the Sotheby’s International Realty® global network. Naples, Florida. Paul Arpin | Premier Sotheby’s International Realty, $62,000,000. Playa Del Carmen, Mexico. Alejandra Aguilar | Riviera Maya Sotheby’s International Realty, Price Undisclosed.

Sales 94
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Prospect Park South Standalone With Calico Wallpaper Revamp, Garage Asks $3.295 Million

Brownstoner

The lush details in this Slee & Bryson Colonial Revival in the Prospect Park South Historic District have remained intact after a design update by the owners of Calico Wallpaper. The stylish makeover of 197 Rugby Road was featured in Elle Decor after the couple purchased the house in 2019… Read More > The post Prospect Park South Standalone With Calico Wallpaper Revamp, Garage Asks $3.295 Million appeared first on Brownstoner.

Design 98
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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.