Housing Wire
APRIL 20, 2022
With rates at the highest level in a decade, mortgage applications for the week ending April 15 fell 5%, according to the latest survey by the Mortgage Bankers Association. The drop was largely driven by an 8% decline in refinancing applications, which was 68% lower than the same week one year ago. The seasonally adjusted purchase index dropped 3% from the week prior, according to the trade group.
Keeping Current Matters
APRIL 20, 2022
In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%.
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Housing Wire
APRIL 20, 2022
A Department of Veterans Affairs lending program for Native American veterans has been severely underutilized, a government watchdog found. According to a report the Government Accountability Office published this week, the VA’s Native American Direct Loan program only resulted in 89 loans originated in the continental U.S. from 2012 to 2021. This represents less than 1% of the estimated potentially eligible population of 70,000 veterans, the watchdog agency said.
Eye on Housing
APRIL 20, 2022
The share of adults planning a home purchase within a year fell for a third straight quarter in the first three months of 2022, down to 13%. The last time fewer American adults intended to buy a home was in the second quarter of 2020 (11%). The decline is evidence that the COVID-induced boost to housing demand is past its.
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Housing Wire
APRIL 20, 2022
The National Association of Realtors reported that existing home sales for March came in as a miss of estimate at 5.77 million. However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. However, hope for a balanced market is real this year because, with higher rates, we should see more days on the market coming up and growth in the inventory data.
Eye on Housing
APRIL 20, 2022
Preference for newly constructed homes skyrocketed in 2020, as buyers looked for homes with more square footage and amenities in which to work remotely, school children, exercise, etc. By the fourth quarter of 2020, 42% of prospective buyers preferred new construction. Since then, however, rising new home prices (driven by a 31% increase in the cost of building materials) have.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Lighter Side of Real Estate
APRIL 20, 2022
With mortgage rates rising, low inventory, and intense buyer competition, you may be wondering if it makes sense to wait and see if the market shifts in your favor before buying. It certainly hasn’t been fun or ideal for buyers, so if there’s a chance you could have more houses to choose from at a better price, who could fault you for wanting to wait?
Housing Wire
APRIL 20, 2022
Bonnie Williamson never intended to be a real estate agent. As a French major and Russian and political science minor at the University of Michigan, Williamson had initially entertained the idea of going into politics. Instead, she was recruited out of school as one of Pan Am ’s first Russian speaking stewardesses. Williamson was on the airline’s inaugural flight to Moscow in 1968.
The Mortgage Report
APRIL 20, 2022
Today’s mortgage and refinance rates Average mortgage rates climbed again yesterday, reaching heights not seen since the century’s first decade. Of course, if you look back to 2008 and beyond, […].
Housing Wire
APRIL 20, 2022
Wholesale lender Homepoint is becoming a broker of sorts…for mortgage brokers. The Ann Arbor, Michigan-based company has launched a referral program aimed at connecting mortgage brokers with regional homebuilders as well as homebuyers. Homepoint’s “New Build program” connects homebuilders with business purpose construction financing through in-region mortgage brokers, with loan amounts up to $4 million per unit or $25 million per project.
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.
The Mortgage Report
APRIL 20, 2022
Even as mortgage rates hit 5%, the window to save hundreds with a refinance isn't closed. But it might shut soon if you don't move fast.
Housing Wire
APRIL 20, 2022
eVaults are an integral part of any end-to-end digital mortgage transformation. They enable lenders to originate and securely hold eNotes and accelerate capital market transactions. eVaults also support an enhanced customer experience for borrowers and streamline interactions with other participants — warehouse lenders, investors, servicers, etc. — within the mortgage ecosystem.
Eye on Housing
APRIL 20, 2022
As rising mortgage rates and high inflation continue to price out homebuyers and reduce affordability, existing home sales dropped to the lowest level since June 2020, according to the National Association of Realtors (NAR). However, the trend in home price appreciation continued as supply remained tight. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, fell 2.7% to.
Real Trends
APRIL 20, 2022
Land sales saw their best year in nearly a decade in 2021, according to the 2021 Land Market Report from the Realtors Land Institute (RLI) and the National Association of Realtors (NAR) released on Tuesday. The RLI defines a and transaction as one in which the value of the land is at least 51% of the value of the transaction. Year over year, land sales rose 6% in 2021, outperforming the pace of acquisitions of other commercial real estate types.
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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.
RIS Media
APRIL 20, 2022
Are you thinking about moving to a new city or state? If so, you should know a few things before making a move. Moving is stressful, so the better prepared you are upfront, the smoother it will go. Have a plan, and make sure you are fully prepared for what lies ahead. Have all of your documents ready, know the estimated time it will take to pack and load, and be confident you can handle any potential bumps in the road.
Toronto Realty Blog
APRIL 20, 2022
TorontoRealtyBlog. Wanna hear something depressing? I sprained my ankle on Saturday. Bad, eh? But that’s not actually the depressing part. I rolled my right ankle, essentially stepping on my own foot, by doing one of the following: a) Chasing a purse-snatcher down Bloor Street West after he stole an old lady’s handbag. b) Running into the endzone during an epic game of pick-up football at the park. c) Raking leaves on my front lawn, merely ten minutes into the exercise.
RIS Media
APRIL 20, 2022
Existing home sales slowed yet again this month, falling under the six-million mark for the first time in seven months, according to new data released by the National Association of REALTORS®, down from 6.02 million in February to 5.77 million in March—a decrease of 2.7%. Year-over-year, sales are down 4.5%. Single-family homes were down by 2.7% since last month, to a seasonally adjusted rate of 5.13 million.
Realty Biz
APRIL 20, 2022
What to Know About Terms and Conditions Found in an Offer to Purchase. When you find a home you want to buy, your offer will contain many important terms and conditions. It will state your offer price and many other clauses that could be crucial to the success of the purchase. Before making an offer on a property it is vital to understand what you will be agreeing to in a real estate contract.
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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.
Sotheby's International Real Estate
APRIL 20, 2022
Featuring curated videos from the most sought-after destinations the world over, discover this week’s Video of the Week. Jamaica | Julian Dixon, Jamaica Sotheby’s International Realty. Rejuvenate your soul with the warmth of the Jamaican sun at Karma Bay, Tryall Club. Allow the crisp cool island winds to encapsulate your being as you are swept away to a place of mindful bliss.
Realty Biz
APRIL 20, 2022
As the scarcity of homes for sale rolls on, a seller’s agent with a few listings can be much more certain of closing deals than a buyer’s agent that has many eager buyers. We know the problem is obtaining listings but solving the problem is the difficult part. Especially for new agents and buyer’s agents with little or no experience obtaining new listings.
RIS Media
APRIL 20, 2022
Despite recent skepticism surrounding a possible exit from conservatorship for Fannie Mae and Freddie Mac, officials from the Federal Housing Finance Agency (FHFA)—the overseer of both agencies—indicated that the door hasn’t yet been shut on the idea. After more than a decade under federal government oversight, Sandra Thompson, the acting director of the FHFA, confirmed that the agency has been preparing the government-sponsored enterprises (GSEs) for life after conservatorship. “We
Brownstoner
APRIL 20, 2022
There are no guarantees the house is full of magic, but for decades this Kensington row house was home to 20th century children's author Ruth Chew, who spun tales of enchantment for young readers. Those 29 adventures, the bulk published in the 1970s and 1980s, frequently took place on the… Read More > The post Kensington House Where Children’s Author Ruth Chew Brewed Her Tales of Magic Asks $1.99 Million appeared first on Brownstoner.
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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.
RIS Media
APRIL 20, 2022
Redfin has completed its big-ticket purchase of Bay Equity Home Loans. The Seattle-based real estate tech company confirmed its $137.8 million acquisition of the national full-service mortgage lender in an all-cash transaction. According to company executives, the deal is expected to accelerate Redfin’s plans to become a “one-stop-shop” for consumers. “As homebuyers struggle with affordability and bidding wars, it’s more important than ever for lenders and brokers t
Brownstoner
APRIL 20, 2022
A dig into the history of activism at Pratt Institute turned up the story of a vibrant summer youth program and a wealth of images documenting the students and teachers involved. Seven storefronts along Myrtle Avenue are now hosting an exhibition of some of those photos, all taken in the… Read More > The post Stroll Myrtle Avenue for a View of Pratt’s ‘Preserving Activism’ Photo Exhibition appeared first on Brownstoner.
RIS Media
APRIL 20, 2022
With mortgage rates at their highest in over a decade, mortgage applications decreased 5.0% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 15, 2022. Key findings: The Market Composite Index, a measure of mortgage loan application volume, decreased 5.0% on a seasonally adjusted basis from one week earlier.
Brownstoner
APRIL 20, 2022
Voices of Lefferts, a volunteer-led effort to document the history of Prospect Lefferts-Gardens and its citizens, is enlisting the help of the community to maintain their mission as they fight to stay afloat after a particularly difficult year left them without the grant funding they usually depend on. Launched in 2017,… Read More > The post ‘Voices of Lefferts’ Community History Project Fundraises to Stay Afloat appeared first on Brownstoner.
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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.
Realty Biz
APRIL 20, 2022
Real estate investors say inflation is their biggest concern, but even though it’s rising it isn’t stopping them from investing in new projects. That’s according to the latest survey of 503 investors by the real estate investor financing firm Kiavi. According to Kiavi, a full 65% of those investors it quizzed cited inflation as a major concern in 2022.
Real Trends
APRIL 20, 2022
Existing home sales fell for the second consecutive month in March, dropping 2.7% month over month to a seasonally adjusted annual rate of 5.77 million, according to a report from the National Association of Realtors released Wednesday. This sales pace is down 4.5% compared to a year ago. Experts blame this decrease on low inventory, rising mortgage rates and continued home price increases. “The housing market is starting to feel the impact of sharply rising mortgage rates and higher infl
Realty Biz
APRIL 20, 2022
Mortgage brokers serve as a conduit between customers and lenders, and they can make a significant difference in your search for the ideal loan. If it’s your first time buying a house, you should know that you will be making a considerable investment. Thus, working with a mortgage broker can benefit you in many ways. Happy mixed ethnicity couple customers sign mortgage loan contract, smiling interracial husband and wife make insurance investment deal put signature on paper meeting broker b
REM Online
APRIL 20, 2022
The following content may have been republished here without the author's permission. The original post can be found at the following URL: How to evict a tenant in Ontario. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Do you want to evict a tenant in Ontario but don’t know how?
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