Housing Wire

AUGUST 25, 2021

In Tuesday’s new home sales report from the Census Bureau , monthly supply hit recent highs at 6.2 months and 5.9 months on the more critical three-month average. I focus on the monthly supply as being the most critical data for the new-home market. The new home sales market is a small but essential part of the overall market and the economy. I have long said that the builders don’t build for the existing home sales market; they build based on demand for their specific products.

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Keeping Current Matters

AUGUST 25, 2021

If you’re trying to decide whether or not to sell your house , this is the time to think seriously about making a move. Fannie Mae’s recent Home Purchase Sentiment Index (HPSI) reveals the number of respondents who say it’s a good time to sell is higher now than it was over the past few summers ( see graph below ). Today, the majority of consumers, 75 percent, say it’s a good time to sell a house.

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Housing Wire

AUGUST 25, 2021

The Emergency Rental Assistance Program , created to help renters quash their missed payments, is disbursing the $46.5 billion allocated to the program at a snail’s pace. The month of July saw a mere $1.7 billion made available to eligible households by state and local agencies, and though this marks an increase from the $1.5 billion allocated in June, the speed of distribution needs to improve, according to the Treasury Department.

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Closing 407

Better Dwelling

AUGUST 25, 2021

The Canadian economy is slowly recovering, but the unemployment rate is still elevated. Somehow small businesses are unable to find unskilled labor, even as wages rip higher. National Bank Canada (NBC) deputy chief economist Matthieu Arseneau attributes this to generous income support. In the bank’s opinion, the support has created a “disincentive” to work.

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Housing Wire

AUGUST 25, 2021

Prior to the Great Recession, private label securitizations (PLS) constituted a majority of all residential mortgage-backed securities (RMBS) issued. In the intervening years, the makeup of the RMBS market has changed significantly and, today, Fannie Mae , Freddie Mac , and Ginnie Mae are responsible for approximately 99% of RMBS issuance. For a variety of reasons, including recent policy changes at Fannie Mae and Freddie Mac that cap second home and investor property loan volumes, and growth i

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Due diligence Marketing Investor Finance 395

Brownstoner

AUGUST 25, 2021

A pair of Brooklyn teens are leading the charge to save the historic Grand Prospect Hall, as its new owner races to demolish it. Solya Spiegel, 16, and Toby Pannone, 18, are spearheading the grassroots campaign to landmark the Victorian dance hall, launching an online petition and putting in a formal… Read More > The post Brooklyn Teens Launch Petition to Landmark Park Slope’s Grand Prospect Hall appeared first on Brownstoner.

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Better Dwelling

AUGUST 25, 2021

Canada is in election mode, and all politicians have a plan to cool real estate markets. The thing is, most markets have begun to cool on their own. Canadian Real Estate Association (CREA) data shows a third of markets made a monthly pullback in July. The trend is likely to get stronger as well, as […]. The post Over 4 In 5 Canadian Real Estate Markets Have Seen Price Growth Slow appeared first on Better Dwelling.

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Housing Wire

AUGUST 25, 2021

Mortgage industry groups on Tuesday made their voices heard in response to the Department of Housing and Urban Development ’s proposed reinstatement of its 2013 disparate impact rule. Numerous industry stakeholders asked HUD to make some changes to the regulation to raise and further explain the threshold for disparate impact claims. A homeowners insurer trade group, which has mounted successful legal challenges of the standard in the past, said it sees no reason the rule should apply to its ind

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Eye on Housing

AUGUST 25, 2021

According to the Mortgage Bankers Association’s (MBA) fourth quarter National Delinquency Survey (NDS), on a seasonally adjusted basis, the percentage of loans past due decreased from 6.38% in the first quarter to 5.47%. State-level data of the past due loan category reveal that all states had reduced their count of past-due loans. The states that experienced the largest numerical declines.

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Loans Mortgages VA loan FHA loan 109

Housing Wire

AUGUST 25, 2021

With four other real estate tech acquisitions in the last year, Lone Wolf Technologies recently added Boston Logic-owned Propertybase to its tech toolbox. The acquisition rounds out Lone Wolf’s technology platform that includes websites, lead generation tools, and CRM. With Propertybase , they gain a platform that integrates sales support and marketing operations to complement their suite of products.

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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.

Loans

Realty Biz

AUGUST 25, 2021

Young adults are showing lots of enthusiasm for vacation rental ownership. Indeed, the interest is so strong that even with limited credit histories and little saved for a down payment, many are still able to find loopholes to make what they believe will be a very lucrative investment. The proportion of homeowners under age 30 who purchased a vacation property doubled between June 2019 and June 2021, according to Evolve, a vacation-rental management and hospitality firm, which has properties boo

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Housing Wire

AUGUST 25, 2021

Gary Keller, executive chairman of KWx . Whatever changes are afoot at Keller Williams , Gary Keller remains the company’s public face. Last October, Keller, founder of the real estate franchise network, stepped down as CEO. He took the role of executive chairman of KWx, a holding company that would showcase the 38-year-old, Austin, Texas business’s forays outside straight home selling.

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Sotheby's International Real Estate

AUGUST 25, 2021

Featuring curated videos from the most sought-after destinations the world over, discover this week’s V ideo of the Week. ??. Avon, Colorado | Daniel Estrada, LIV Sotheby’s International Realty . Nestled on three acres of lush aspens and conifers, a redesigned sanctuary has been transformed into an artful beauty. Built and developed primarily for one-level living, this impressive residence offers open flow, spiring lofted ceilings and natural lighting from an abundance of glass walls.

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Brownstoner

AUGUST 25, 2021

Two previous winners—one in Flatbush, the other in Crown Heights—shared the top prize this year in the Brooklyn Botanic Garden’s “socially distant” edition of their Greenest Block in Brooklyn contest. Because of the pandemic, the focus this year was on the window box (there was no contest last year). Althea… Read More > The post Flatbush, Crown Heights Blocks Tie for ‘Socially Distant’ Greenest Block in Brooklyn Award 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.

Sales

Realty Biz

AUGUST 25, 2021

As a real estate agent, you deal with a lot of different customers during tours and open houses. However, what happens if a customer slips and falls during one of these visits? Who is liable if an injury occurs? To help you understand this better so that you can be prepared, here is what you need to know. Who is Liable For a Slip and Fall? Slip, fall, and trip injuries account for around 25% of all injury claims every year, and because they are so common, it’s likely they could happen duri

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Realtor.com

AUGUST 25, 2021

This fall, it won't just be the temperatures that cool down.The housing market is expected to continue slowing down, to something closer to normal. The post The Housing Market Continues To Cool. What Will This Fall Be Like? appeared first on Real Estate News & Insights | realtor.com®.

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Marketing 104

RIS Media

AUGUST 25, 2021

If you plan to take out a mortgage to buy a house, you’ll have to purchase homeowners insurance—but you may also need private mortgage insurance. People often confuse these two forms of insurance. Make sure you know the purpose of each and when you might need them. What Is Homeowners Insurance? If you take out a home loan, your lender will require you to purchase homeowners insurance.

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The Mortgage Report

AUGUST 25, 2021

Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday, effectively canceling out Monday’s equally tiny rise. So those rates remain becalmed for the time being. And that’s a […].

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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.

Agents

RIS Media

AUGUST 25, 2021

According to the latest Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Aug. 20, 2021, mortgage applications increased 1.6% from one week earlier. The Market Composite Index, a measure of mortgage loan application volume, increased 1.6% on a seasonally adjusted basis from the previous week. The findings: – Unadjusted, the index increased 1% compared with the previous week. – The Refinance Index increased 1% from the previous week and

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Mortgages Loans Investor Industrial 98

Brownstoner

AUGUST 25, 2021

In the News Is New York’s Wave of Gun Violence Receding? [NYT] Brownsville’s Larry Harlow, a Salsa Revolutionary [NYT] Park Slope School Lost Third of Its Students, Principal Says [NYP] Owls Head Overflow Facility in Gowanus Gets Beep Approval [BP] Brooklyn Tunnel Impresario, Transit Advocate Bob Diamond Dies at 62 [BP] New Little Free Library Opens… Read More > The post Daily Links: City Gun Violence Appears to Decrease After 2020 Spike But Remains High appeared first on Brownstoner.

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Principal 98

RIS Media

AUGUST 25, 2021

The 5th Annual Results Foundation Golf Tournament, hosted by the RE/MAX Results Foundation, raised over $30,000. All funds will be allocated toward providing homes and scholarships to individuals and families in Minnesota and Wisconsin. Held on Aug. 3, the tournament consisted of over 225 people total, including 192 golfers in attendance. Guests were invited to participate in games, lunch and dinner as well as a silent auction that went on throughout the duration of the event. “I am thrill

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REM Online

AUGUST 25, 2021

The following content may have been republished here without the author's permission. The original post can be found at the following URL: OREA, TRREB oppose Liberal Party’s blind bidding ban proposal. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. The Ontario Real Estate Association says the Liberal Party of Canada’s housing plan “would criminalize the ability for hardworking Canadians to choose how to sell the

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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.

Agents

RIS Media

AUGUST 25, 2021

Juan Ortega, broker/owner of Dream Life Realty, has affiliated with Century 21 Real Estate, forming CENTURY 21 Dream Life Realty to better serve Coral Gables’ and South Florida real estate clients and customers. Ortega brings with him a team of 150 sales professionals. “We are excited to affiliate with the most recognized name in real estate and a global powerhouse that for 50 years has been on the forefront of innovative solutions for both consumer experiences and real estate busine

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The Mortgage Report

AUGUST 25, 2021

Review of North American Savings Bank mortgages showing how NASB compares to other top lenders for mortgage rates, loan options, and service.

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Banks Mortgages Loans 100

RIS Media

AUGUST 25, 2021

Household chemicals, human food and medications can be toxic to your pet. Make sure you know what to do if your pet eats or drinks something they shouldn’t. Things That Can Be Dangerous to Your Pet. Cleaning products, laundry and dish detergent, insecticides and other chemicals can be lethal to a pet. Store them in areas that your dog or cat can’t reach or use child-proof locks to keep your pet out of cabinets.

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As-is 98

Realtor.com

AUGUST 25, 2021

Here’s your next nursery shopping list for a flowering garden that looks incredible year after year—no matter how much water it gets. The post 7 Drought-Tolerant Flowering Perennials That Will Add Color to Any Yard appeared first on Real Estate News & Insights | realtor.com®.

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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.

Agents

RIS Media

AUGUST 25, 2021

Building an emergency fund and saving for retirement are important, but a large percentage of adults have little or no savings. If you’re in that situation, you may have to cover an unexpected medical bill or car repair with a high-interest credit card. If you don’t have enough saved when you reach retirement age, you may have to keep working longer than you had planned, make painful cuts in your budget, downsize your home or move in with relatives.

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Brownstoner

AUGUST 25, 2021

Brooklyn's oldest farmhouse is hosting a celebration of Haitian culture, including drumming, dance and food, with their third annual Festival Minokan this month. Haitian singer and Vodou Priestess Sirene Dantor is overseeing the afternoon at Wyckoff House Museum. This year, while honoring traditions the festival will also provide a space to… Read More > The post Music and Dance Return With the Third Annual Festival Minokan at Wyckoff House Museum appeared first on Brownstoner.

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RIS Media

AUGUST 25, 2021

Berkshire Hathaway HomeServices has added Berkshire Hathaway HomeServices Brick & Mortar Real Estate to its global network. The addition marks the brand’s continued growth in the state of Washington and the 11th company in the state. “It’s an exciting time in real estate and we could not be more excited to welcome Gina and Mike Styler to our ever-growing global network,” said Christy Budnick, CEO of Berkshire Hathaway HomeServices. “Both true experts in the comm

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RISMedia

AUGUST 25, 2021

By Meghan Belnap Are you planning to purchase an old home? This could be a very smart real estate move, as old houses tend to cost less than modern builds. Additionally, if you're the type of person who appreciates the nostalgic appeal and charm of an older home, then this will be a gratifying choice […]. The post What to Look Out for When Buying an Old House appeared first on RISMedia's Housecall.

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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.

Sales