Mortgage Rates Are Dropping. What Does That Mean for You?
Keeping Current Matters
DECEMBER 19, 2022
Mortgage rates have been a hot topic in the housing market over the past 12 months.
Keeping Current Matters
DECEMBER 19, 2022
Mortgage rates have been a hot topic in the housing market over the past 12 months.
Housing Wire
DECEMBER 19, 2022
Homebuilder sentiment dropped yet again in December, hitting its lowest reading since mid-2012, with the exception of the onset of the COVID-19 pandemic in the spring of 2020. This drop marks one full year of declines in builder confidence, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Monday.
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Maximum Exposure Real Estate
DECEMBER 19, 2022
Disclosure in Real Estate: What to Disclose When Selling a House You may not know about a seller’s disclosure when you have never sold a house before. Did you know that real estate disclosure laws vary from state to state? What a seller has to disclose in one state might be completely different than in […]. The post Understanding Sellers Disclosure When Selling Real Estate appeared first on Maximum Real Estate Exposure.
Housing Wire
DECEMBER 19, 2022
The forbearance rate held steady in November, but there are signs of deterioration in the portfolios of servicers. . The Mortgage Bankers Association (MBA) reported Monday that the total number of loans in forbearance remained at 0.70% of the servicers’ total portfolio volume in November. There were 350,000 U.S. homeowners in forbearance plans as of November 30, up from 345,000 at the end of September. .
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Better Dwelling
DECEMBER 19, 2022
Canada’s overstimulated economy is experiencing withdrawal from the end of low rates. Oxford Economics‘ warned investors the country is already in recession. It’s expected to spend most of 2023 in recession, and will be hit harder than its G7 peers. Highly indebted households and overpriced real estate shouldn’t expect much relief either.
Housing Wire
DECEMBER 19, 2022
Local markets is a HousingWire magazine feature spotlighting housing trends across the country. Louisville, Kentucky. Affordable housing prices combined with a vibrant history and a thriving culinary scene have certainly made Derby City a popular destination for homebuyers. However, even Louisville’s active housing market has slowed down recently. “I haven’t been seeing as many multiple offer situations lately,” Christine Ridenour Lindsey , a local agent with RE/MAX Properties East, said.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Eye on Housing
DECEMBER 19, 2022
High mortgage rates, elevated construction costs running well above the inflation rate, and flagging consumer demand due to deteriorating affordability conditions have dragged builder sentiment down every month in 2022. Builder confidence in the market for newly built single-family homes posted its 12th straight monthly decline in December, dropping two points to 31, according to the National Association of Home.
The American Genius for Real Estate
DECEMBER 19, 2022
Due to the pandemic, geographical changes has varied widely across the US. With remote workers and retirees, these towns came out on top.
Realtor.com
DECEMBER 19, 2022
Getty Images We’ve all read the headlines: Fuel and electricity costs are on the rise, and they’re only going to get more expensive as temperatures continue to drop. In some cases, the energy crisis has become so extreme that people are having to choose between buying groceries and heating their homes —a reality that’s hard to comprehend in our modern age.
Bigger Pockets
DECEMBER 19, 2022
Last week, the Fed raised its benchmark interest rate by half a percentage point, a slowdown from previous sprints. Still, the federal funds rate is at its highest since 2007. While […].
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The Close
DECEMBER 19, 2022
Those who’ve found real success in real estate will tell you that you have to hustle to make that money. We agree. Put in the work and stay consistent, and we believe that you will find success. But let’s say that your hustle isn’t quite getting you where you want to be. Maybe the market is sluggish or sales are plateauing. Or perhaps your schedule’s recently opened up and you have extra hours in the day to chase your dreams.
Lighter Side of Real Estate
DECEMBER 19, 2022
Whether you stick with them or not, the new year is a great time to make some resolutions that’ll improve your life, and maybe even the lives of those around you! Most people make some pretty common resolutions, like: Eat healthier food. Exercise more. Quit drinking or smoking. Travel more. Spend more time with family and friends. Get a better job. Save more money.
Realty Biz
DECEMBER 19, 2022
This week, mortgage rates dropped for the fifth week in a row. Sure, they are still high at an average of about 6.31% for a 30-year fixed-rate mortgage. And that is only for the best-qualified borrowers with a 20% down payment. But that is what experienced investors tend to be. Here are the reasons why you should be looking at right now as one of the better investment opportunities over the next 9 to 18 months….
Brownstoner
DECEMBER 19, 2022
Longtime Fort Greene grocery staple Greene Grape Provisions reopened Thursday, December 1, prompting congratulations and sighs of relief on Instagram. The boutique grocer had unexpectedly closed in August after uncovering a structural issue with the building at 767 Fulton Street that prompted the Department of Buildings to issue a vacate… Read More > The post Fort Greene Grocery Store Greene Grape Provisions Reopens After Vacate Order appeared first on Brownstoner.
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The Mortgage Report
DECEMBER 19, 2022
Will the housing market get better in 2023? Will rates go down? Will home prices fall — or crash? Experts answer these questions and more.
Brownstoner
DECEMBER 19, 2022
It is perhaps understandable that the term coffin corner has persisted as a bit of old house lore. “Stair niche” doesn't quite have the same zing. A recess found at the turn of a tight staircase in houses of the mid 19th century, the decorative detail has a much less… Read More > The post The Mythology of the Coffin Corner appeared first on Brownstoner.
Realtor.com
DECEMBER 19, 2022
Getty Images (4) Some people enjoy hitting the slopes on vacations or weekend trips. But for others, it’s a way of life. Ski towns attract a certain kind of homeowner—those who thrive on the crisp mountain air, the easy-access snow sports, the chill lifestyle, and the tight-knit camaraderie that townies share. But this seductive way of life doesn’t come cheap.
Brownstoner
DECEMBER 19, 2022
A week after Mayor Eric Adams unveiled his plan to boost housing production across the five boroughs centered around cutting red tape, the City Council released guidelines for getting the most community benefits out of the land use application process and its own housing agenda focused on building more affordable… Read More > The post New York City Council Unveils New Land Use and Housing Guidelines appeared first on Brownstoner.
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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.
The Mortgage Report
DECEMBER 19, 2022
Today’s mortgage and refinance rates Average mortgage rates nudged higher last Friday. But they’ve fallen satisfyingly over the last seven days. Unfortunately, it’s looking this morning as if mortgage rates […].
Brownstoner
DECEMBER 19, 2022
One of the picturesque wood frames of Brooklyn Heights is on the market for the first time in decades and in addition to its exterior charm it has a location on one of the area's fruit streets and counts Plymouth Church as a neighbor. Within the Brooklyn Heights Historic District,… Read More > The post Brooklyn Heights Wood Frame Charmer With Wood Burning Fireplaces, Central Air Asks $9.95 Million appeared first on Brownstoner.
Coldwell Banker
DECEMBER 19, 2022
With strategic acquisition, industry leader Coldwell Banker Real Estate Group Expands Footprint in the Midwest. The post Coldwell Banker Real Estate Group Announces Acquisition of Greater Chicagoland Independent Brokerage D’Aprile Properties appeared first on Coldwell Banker Blue Matter.
Brownstoner
DECEMBER 19, 2022
In the News They Dispense Street Justice, One Defaced License Plate at a Time [NYT] FreshDirect, But Make It Fashion [NYT] A New Lifeline for Homeless CUNY College Students [NYT] Squatters Booted From Brownsville Homes [NYP] ‘The Mari Lwyd,’ an Immersive Theatrical Bar Crawl, Debuts at Industry City [BP] Brooklyn Pols Cry Foul Over Adams’ BQE… Read More > The post Daily Links: Brooklyn Pols Say BQE Rebuild Must Have Only Two Lanes of Traffic 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.
Real Trends
DECEMBER 19, 2022
Today’s RealTrending features Side Real Estate co-founder Guy Gal. Side is expanding quickly despite the market headwinds. Gal discusses the future of teams, how team business models are changing, the trends he’s seeing with boutique models and what his company is doing to move the industry forward. Here is a small preview of today’s interview with Guy.
BubbleInfo
DECEMBER 19, 2022
THIS TIME LAST YEAR: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ THIS YEAR: We had 155 new listings and 105 new pendings in the last six weeks. There has been ONE detached-home listing between La Jolla and Carlsbad since July 1st. 54% of the detached-homes for sale are priced over $3,000,000. The NSDCC median list price of the 315 active listings […].
Real Trends
DECEMBER 19, 2022
Second-home co-ownership company Pacaso has launched a joint effort with Realm to match luxury properties with Realm’s membership network of luxury real estate professionals. Pacaso’s listings are being integrated with Realm’s listing network, which currently operates in 42 states in the U.S. and 14 countries, representing approximately 400,000 high net worth individuals who are clients of its members.
Bigger Pockets
DECEMBER 19, 2022
Don’t think you know how to buy a rental property? Give us just one hour of your time, and you’ll be able to score your first investment property in the […].
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Point2Homes
DECEMBER 19, 2022
Tired of Turkey? 12 Christmas Dishes to Try - Point2 News. If you just can’t get excited at the thought of serving turkey at your celebration dinner, there’s still time for a last-minute change of plan that will surprise and delight your guests! To help you banish the boredom of serving the same old bird, our Point2 team put together a list of twelve great alternatives.
Realty Biz
DECEMBER 19, 2022
One of the most valuable assets a landlord can have is a great tenant. . To get the tenants you want, you must perform in-depth tenant screening. By using property management software , you get access to the tools you need to manage rental applications, collect documents from tenants, and run credit reports and background checks. Ultimately, it’s up to you to make the determination of whether a tenant meets your standards or not.
Realtor.com
DECEMBER 19, 2022
Getty Images When TikTok launched in 2017, it was known as a platform for viral dance videos. Since then, its roughly 1 billion users turn to the social media app for videos on an array of topics, from comedy to cooking to something called #RushTok—an oddly intriguing look at the sorority and fraternity recruitment process on various college campuses.
Realty Biz
DECEMBER 19, 2022
The commercial real estate market has begun to show some signs of wavering due to the current economic landscape. While some commercial sectors like healthcare and industrial properties are still performing well, some investors in retail and office spaces are beginning to show some evidence of skittishness by attempting to reduce their exposure to commercial properties.
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