Housing Wire
NOVEMBER 10, 2021
Mortgage applications revved up for the week ending Nov. 5, rising 5.5%, according to the Mortgage Bankers Association weekly survey published on Wednesday. The increase was mainly driven by the refi index growing by 7% from the previous week, though it was 28% lower than the same week one year ago, the report said. Concurrently, the purchase index grew by 3% from the week prior.
Keeping Current Matters
NOVEMBER 10, 2021
Many people have questions about home prices right now. How much have prices risen over the past 12 months? What’s happening with home values right now? What’s projected for next year? Here’s a look at the answers to all three of these questions. How much have home values appreciated over the last 12 months? According to the latest Home Price Index from CoreLogic , home values have increased by 18.1% compared to this time last year.
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Housing Wire
NOVEMBER 10, 2021
Mortgage rates fell below 3% in the week ending November 10, according to the latest Freddie Mac PMMS mortgage report. The 30-year fixed-rate mortgage declined to 2.98% last week, falling 11 basis points from 3.09% the week prior. A year ago at this time, the average 30-year fixed-rate loan averaged 2.84%. “Despite the re-acceleration of economic growth, the recent bond rally drove mortgage rates down for the second consecutive week,” Sam Khater, Freddie Mac’s chief economist, said in a statemen
Better Dwelling
NOVEMBER 10, 2021
It’s widely known that Canadian real estate affordability is getting worse, but it’s hard to picture. The latest affordability report from National Bank of Canada (NBC) can help with that. They crunched the numbers on how long it takes to save for the minimum down payment on a non-condo home. As of Q3 2021, it […]. The post It Now Takes Up To 36 Years To Save A Down Payment For Canadian Real Estate: NBC appeared first on Better Dwelling.
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Housing Wire
NOVEMBER 10, 2021
The federal government’s top regulators announced Wednesday that they are collectively resuming mortgage servicing supervisory and enforcement practices in full, ending certain flexibilities it offered mortgage servicers at the onset of the Covid-19 pandemic. The announcement comes as servicers negotiate with over one million borrowers exiting forbearance plans.
Realty Biz
NOVEMBER 10, 2021
Is Buying a Contingent Home Possible? It can take a long time to find your perfect home, but just when you think your search is over, you might discover that it is listed as a contingent house. So can you still offer on a contingent home, or have you missed the chance to buy your perfect property? If you want to know what contingent means in real estate , we have the answers.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Realty Biz
NOVEMBER 10, 2021
The U.S. housing market is on the verge of being flooded with foreign buyers, and real estate brokers across the nation are bracing themselves for their return. The U.S. has lifted travel restrictions on 33 countries that were put in place due to the COVID-19 pandemic, meaning vaccinated visitors from those territories can now visit freely. Analysts say that many of those people are likely to want to invest in U.S. real estate, and that their return could generate tens of billions of dollars in
Housing Wire
NOVEMBER 10, 2021
Offerpad founder and CEO Brian Bair. When Zillow announced last week that it was shutting down its iBuying business and was desperate to offload $3.8 billion in unsold inventory , the grave dancers appeared almost instantly. Zillow’s failure was not simply a matter of an algorithm gone haywire; it was an indictment of the entire business model.
Better Dwelling
NOVEMBER 10, 2021
Australian lawmakers are learning how home prices have been inflated by money laundering. The Senate committee investigating the adequacy of anti-money laundering laws continues this week. A piece tabled is a study showing how high-profile individuals with questionable cash should have set off alarms. Instead, they were able to move millions of dollars of unknown […].
Housing Wire
NOVEMBER 10, 2021
The more things change in iBuying, the more they stay the same. Opendoor again announced major revenue growth in the third quarter as the iBuyer hit the gas on cash purchases and subsequent resale of homes. Company revenue soared 91% from the second quarter to $2.3 billion, and Opendoor sold 5,988 homes, a 72% leap from the prior quarter. However, the San Francisco-headquartered outfit could not leverage a historically fantastic housing market to turn a profit, posting a $57 million net income l
Advertiser: Trellis
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
HomeLight
NOVEMBER 10, 2021
A few months from now, or maybe sooner, you plan to sell your house. And you can think of a million things to do before listing your home that would maybe lead to a better offer: Swap out the damaged laminate for tile, repaint certain rooms to match the rest of the house, fix the landscaping — the more you think about it, the more the mental to-dos mount.
BubbleInfo
NOVEMBER 10, 2021
[link] Our drop in inventory is the most pronounced of any area in the country. During the previous peaks in pricing, more homeowners would gladly sell for a record price… and parlay their gains into a bigger home down the street or around the corner. But that was when you could buy an upgrade for an […].
Realty Biz
NOVEMBER 10, 2021
JPAR ® – Real Estate, America’s #1 fastest-growing, 100% commission brokerage, today announced the appointment of Tony Delgado as Vice President, Broker Support. A 30-year industry veteran, Delgado recently served as Broker Associate for the brand’s El Paso location and has been a key member of the support team. Delgado brings extensive knowledge and experience in the real estate industry to the role; including residential, new home, property management, commercial and investments. .
The Mortgage Report
NOVEMBER 10, 2021
This week, average mortgage rates dropped below 3% for the first time since September. But the downward trend likely won't last. Here's what to do.
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Eye on Housing
NOVEMBER 10, 2021
Compared to a year ago, on a not seasonally adjusted basis, consumer prices increased by 6.2% in October, the largest year-over-year gain since December 1990. Supply-chain constraints and strong consumer demand as the economy reopened have contributed to recent price increases. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose by 0.9% in October on.
HomeLight
NOVEMBER 10, 2021
When you sell your house without the help of a real estate agent, you’ll save money on commission fees but won’t escape closing costs entirely. The same closing fees that apply to an agent-assisted sale will be charged to a FSBO seller, with the exception of the agent commission. If a buyer uses an agent, a seller may also be asked to pay all or part of the buyer’s agent commission.
The Mortgage Report
NOVEMBER 10, 2021
It's possible to buy a home as a single mom or dad. There are even special programs that might help you. Here are the best home loans for single parents.
Realty Biz
NOVEMBER 10, 2021
The LGBTQ+ Real Estate Alliance will host a virtual, one-day “Experience The Alliance” conference on Thursday, December 9. The event will feature nearly 20 sessions throughout the day. “We were greatly disappointed that the outbreak of the COVID-19 Delta variant forced us to cancel our inaugural in-person event in September, and we wanted to make sure that we could still deliver outstanding content to our members,” said Ryan Weyandt, CEO of the LGBTQ+ Real Estate Alliance.
Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty
Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.
Sotheby's International Real Estate
NOVEMBER 10, 2021
Featuring curated videos from the most sought-after destinations the world over, discover this week’s V ideo of the Week. ??. Toronto, Ontario | Ronald Reaman, Sotheby’s International Realty Canada. Built in 1865 this storybook Cabbagetown Grand Victorian is an exquisite example of the classic Bay & Gable house type so favored and adored by Torontonians since the mid-19th Century.
HomeLight
NOVEMBER 10, 2021
Disclaimer: Information in this blog post is meant to be used for educational purposes only and provide a high level overview of some of the top iBuyer programs. However, program details can frequently change. Please visit the iBuyer’s website for the most up-to-date information on each individual program’s fees, market coverage, business model, and more.
The Mortgage Report
NOVEMBER 10, 2021
Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday. It was the first rise in nearly a week. And it barely made a dent in recent falls. So […].
Realty Biz
NOVEMBER 10, 2021
Another real estate giant is spinning off to become a publicly traded company on the New York Stock Exchange. Douglas Elliman Real Estate , one of the largest residential brokerages in the New York Area, said it is splitting from its parent company Vector Group. The company has expanded across the U.S., with offices in markets such as California, Colorado, Florida, Massachusetts and Texas.
Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.
In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.
Brownstoner
NOVEMBER 10, 2021
In the News Bittersweet Memories of Grand Prospect Hall [NYT] Locals Say the Gowanus Rezoning Is Dangerous for New York [NYDN] Displaced Victims of Flatbush Fire Call for Relief [BP]. New Play Performed on a Flatbush Terrace Explores Gentrification [BP] Real Estate Agents Could Lose Licenses for Contacting Homeowners [BK Reader] Sparrow Funeral Home… Read More > The post Daily Links: Brooklyn Could Be Designated a Real Estate Cease-and-Desist Zone appeared first on Brownstoner.
Notorious ROB
NOVEMBER 10, 2021
I’m still traveling around the country, but wanted to jot something down real quick from a random hotel room in Houston. Based on this story in Business Insider about Project Ketchup, I’m expecting fantastic things from Opendoor’s earnings call. [Note: I own OPEN in my personal portfolio.] All of the jubilation from the industry about.
Brownstoner
NOVEMBER 10, 2021
In advance of a City Council vote on the long-in-the-works Gowanus rezoning, Brad Lander's office sent out a press release announcing a deal has been struck with NYCHA residents and Community Board 6 to win their support. The deal includes almost $200 million in up-front funding from the city for… Read More > The post Lander Announces Deal With Gowanus Locals, Rezoning Poised to Commence appeared first on Brownstoner.
App Folio
NOVEMBER 10, 2021
The end of the year is approaching, which means now is the time to begin checking off all of your.
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Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.
The Mortgage Report
NOVEMBER 10, 2021
It's possible to buy a home as a single mom or dad. There are even special programs that might help you. Here are the best home loans for single parents.
HomeLight
NOVEMBER 10, 2021
You’re thinking about buying a house — maybe you’re even browsing the real estate listings online and considering how much square footage you need, and how important features like a pool or a garage are to your future happiness. Things are getting serious as you start fantasizing about your gorgeous new home, and then the practical details start to hit …you’re going to need a buyer’s agent to help.
American Lifestyle
NOVEMBER 10, 2021
The post Reality Bites: How Much Exercise is Needed to Burn Off a Thanksgiving Feast appeared first on American Lifestyle Magazine.
Eye on Housing
NOVEMBER 10, 2021
The latest results of the Federal Reserve’s Board’s Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS), lending standards and demand for residential real estate (RRE) loans both eased slightly in the third quarter of 2021. Additionally, banks reported easier lending standards for all categories of commercial real estate financing (CRE loans), and, within CRE, stronger demand for multifamily.
Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty
The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.
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