Housing Wire
JUNE 10, 2021
It’s no secret that buying a home takes time and money. Well, it turns out, so does selling a home. According to Zillow and Thumbtack’s Hidden Costs of Selling Analysis , the average homeowner spends over $15,000 in “hidden costs” to sell their home. . While a real estate agent’s commission is one of the most expensive costs, it definitely isn’t the only one.
Keeping Current Matters
JUNE 10, 2021
During the Great Recession, just over a decade ago, the financial systems the world depended on started to collapse. It created a panic that drove some large companies out of business (ex. Lehman Brothers) and many more into bankruptcy. The financial crisis that accompanied the current pandemic caused hardship to certain industries and hurt many small businesses.
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Housing Wire
JUNE 10, 2021
For the first time in nearly a decade, the Federal Housing Finance Agency (FHFA) is taking a look at how its compensation measures up for executives at Fannie Mae and Freddie Mac. On Thursday, the regulator issued a request for input to determine if the current compensation is not “reasonable” or “comparable.” In a statement, FHFA Director Mark Calabria said the information the FHFA gathers will help to ensure transparent and appropriate executive compensation policies.
Better Dwelling
JUNE 10, 2021
There is no better time to teach a child how to apply for a mortgage, than during a real estate bubble, amiright? The Government of Ontario released some details on the new Grade 9 curriculum. Education minister Stephen Lecce announced math classes will now include financial literacy to make it more relatable to youth. Of […]. The post Canadian Schools Will Start Teaching 14 Year Old Kids How To Apply For Mortgages appeared first on Better Dwelling.
Speaker: Jady West, VP of Hospitality & Chris Bennett, Head of Sales & Engineering
The modern hotel room is no longer just a place to stay—it’s an experience to remember. Today’s guests expect seamless 5G connectivity, personalized comfort, and high-tech convenience. From AI-powered smart room controls to in-room entertainment and app-based services, technology is redefining hospitality from the inside out. In this new session featuring industry pros Jady West and Chris Bennett, we’ll explore how high-speed, high-bandwidth connectivity powers the innovations that are enabling
Housing Wire
JUNE 10, 2021
Fannie Mae has given mortgage servicers the green light to use third-party digital vendors to verify income and asset information. Unsurprisingly, mortgage tech firms are thrilled. In a June 9 note , the government-sponsored entity told mortgage servicers they could implement the changes immediately. Servicers can use a third-party vendor to verify the information that the borrower provided in their mortgage assistance application.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
JUNE 10, 2021
Mortgage rates fell again last week, dropping three basis points to an average of 2.96%, according to Thursday data from Freddie Mac ‘s PMMS. Rates have now managed to stay within a five basis point range above or below 3% for nearly two months. Higher mortgage rates historically have signaled a strengthened economy. But this is no ordinary economy: an apprehensive bond market has been keeping a close eye on global macroeconomic trends and Fed policy changes.
Realtor.com
JUNE 10, 2021
Realtor.com Home prices aren’t the only cost that has been soaring over the past few months. It seems like just about everything, from rental cars to puppies , has gotten more expensive—and that could help determine whether home prices have more room to rise. Inflation of goods and services rose 5% in May compared with the previous year, according to the Consumer Price Index.
Housing Wire
JUNE 10, 2021
Mortgage credit availability increased by 1.4% in May – a sign that volume-hungry lenders continued to loosen credit standards in a highly competitive market, according to Thursday data from the Mortgage Bankers Association. MBA’s Mortgage Credit Availability Index (MCAI) which uses 100 as a benchmark — increased to 129.9 in May. A decline in the MCAI suggests that lending standards are tightening while a higher number suggests loosening credit standards.
Eye on Housing
JUNE 10, 2021
Consumer prices continued to rise in May, supported by increases in housing costs. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose by 0.6% in May on a seasonally adjusted basis, following an increase of 0.8% in April. It marks the largest increase since June 2009. Excluding the volatile food and energy components, “core” CPI.
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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.
Housing Wire
JUNE 10, 2021
Flyhomes , the five-year-old real estate startup that lets people make cash offers on homes while they work to secure a mortgage, announced a Series C round of funding on Thursday totaling $150 million. The company’s latest round was co-led by venture capital firms Norwest Venture Partners — an active investor of industry players homeward , CoreLogic and Opendoor — and Battery Ventures.
BubbleInfo
JUNE 10, 2021
Our listing in Fire Mountain is back on the market. The buyers, who according to their agent were in love with the house and the price, decided to cancel because of what they found out about the city restrictions. The City of Oceanside won’t allow short-term rentals because the driveway is only 20 feet wide, […].
Housing Wire
JUNE 10, 2021
From the policing of an automobile’s tailpipe emissions to workplace rights for independent contractors, California has a track record of putting once marginal ideas into the American mainstream. It may do the same for government-subsidized homeownership. Last week, the Democratic-dominated California state legislature unveiled a $267 billion spending plan for the upcoming fiscal year.
The Mortgage Report
JUNE 10, 2021
Guaranteed Rate mortgage review showing how Guaranteed Rate compares to other top lenders for mortgage rates, customer service, and loan options.
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.
Housing Wire
JUNE 10, 2021
REX grabbed national attention in March when the residential real estate brokerage filed a lawsuit alleging an antitrust conspiracy between listings giant Zillow and the powerful National Association of Realtors. But a judge’s ruling Wednesday forcefully concluded there’s little merit to REX’s allegations, and denied the brokerage’s motion to stop how Zillow is currently listing properties.
RIS Media
JUNE 10, 2021
As we reach the mid-year point of 2021, now is a good time to look back at your real estate goals for this year and find out how you’re doing so that you can plan ahead for the next six months. Whether you’re taking part in a formal process or simply checking in with yourself, these steps help you organize your own mid-year review—and ensure that you are on target to achieve your goals. 1.
Housing Wire
JUNE 10, 2021
There are a number of challenges affecting the non-QM market, but there are also opportunities. By partnering with a mortgage company that understands how to streamline non-Qm loans, brokers can close loans quickly and effectively. HousingWire recently sat down with John Jeanmonod, Regional Vice President of Sales at Angel Oak , about the company’s non-QM solutions which make the mortgage process easier for brokers.
Better Dwelling
JUNE 10, 2021
Another Canadian real estate developer is asking buyers to cover soaring material costs. Delpark Homes, a Greater Toronto real estate developer, is the latest to ask buyers for a top-up. Recently soaring material costs, such as lumber, have crushed homebuilding margins. Since new homes are often bought years ago, an unexpected rise in costs can […].
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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.
Housing Wire
JUNE 10, 2021
Keosha Burns is a seasoned marketing executive who has recently taken on a new role at JPMorgan Chase: executive director, senior advisor, community and affordable lending. That combined expertise is why we invited her to speak at engage.marketing on the panel: Marketing to Reach a Diverse Audience. In her current role, which she assumed in March, Burns is working to expand homeownership in underserved communities.
The Mortgage Report
JUNE 10, 2021
Mobile home refinancing is possible, as long as your home meets certain requirements. Learn how to refinance a manufactured home at today's rates.
Housing Wire
JUNE 10, 2021
Whether moving to be near family or relocating for a job, moving is common. Take the pandemic, for instance. The housing market saw a huge spike in the number of moves as people relocated from big cities to avoid COVID-19. According to data obtained by USPS, almost 16 million people moved during the pandemic. And even though life is getting back to normal, people are still moving.
The Mortgage Report
JUNE 10, 2021
The top 25 lenders ranked for the lowest mortgage rates and fees. Plus, tips on how to find the best mortgage rates for your unique situation.
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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.
BubbleInfo
JUNE 10, 2021
If you find a hot buy that is likely to have multiple offers, you will be confronting the uneasy choice of waiving the appraisal contingency in your offer. It’s likely that the other buyers will do it too, so it’s become a part of the minimum package needed just to compete. If the appraisal comes […].
The Mortgage Report
JUNE 10, 2021
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. But the fall wasn’t as big as looked likely first thing. This morning’s consumer price index was slightly higher […].
RIS Media
JUNE 10, 2021
The U.S. housing market saw more houses for sale despite a pullback by sellers during the week ended June 5, likely due to the holiday weekend, according to realtor.com®’s Weekly Housing Trends Report. “Memorial Day Weekend marks both a time for remembrance and the start of the summer—also when home-buying season is in full swing. This year’s holiday fell almost a week later than usual, which is likely behind sellers adding fewer listings to the market this week,” said realtor.com® Chief Economi
Better Dwelling
JUNE 10, 2021
One of Canada’s largest financial institutions sees the market cooling. Desjardins senior economist Benoit Durocher expects real estate to stabilize soon. This won’t be due to government action or new policy measures though. He sees the cooling as a result of a lack of affordability, and the economy reopening. Stabilization is most likely, but cooling […].
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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.
Homes.com
JUNE 10, 2021
Feeling like it's time for a home refresh? Take your summer curb appeal to the next level with these five easy projects! The post Sellers, Boost Your Summer Curb Appeal with These 5 Easy Tips! appeared first on Homes.com.
RIS Media
JUNE 10, 2021
John L. Scott Real Estate Chairman and CEO J. Lennox Scott recently received the prestigious Brokerage Leadership Award at the Leading Real Estate Companies of the World® (LeadingRE) Annual Conference in Las Vegas this past May. The Brokerage Leadership Award recognizes a principal broker who exemplifies extraordinary leadership and whose achievements have drawn the attention and admiration of others.
American Lifestyle
JUNE 10, 2021
The post 5 Summer Staging Tips appeared first on American Lifestyle Magazine.
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