August, 2020

Inside an Impeccable New Home in Beverly Hills

Sotheby's International Real Estate

based master architect William Hefner is known for his proficiency in both traditional and modernist styles and for his devotion to translating classic details for sophisticated contemporary living.

Design 111

The Top Reasons People Are Moving This Year

Keeping Current Matters

Today, Americans are moving for a variety of different reasons. The current health crisis has truly re-shaped our lifestyles and our needs. Spending extra time where we currently live is enabling many families to re-evaluate what homeownership means and what they find most important in a home.

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A Quarter of San Francisco Home Sellers Are Dropping Their Prices, the Highest Rate on Record

Redfin

San Francisco has seen a greater increase in price drops than any other U.S. metro, with the share of sellers slashing prices more than doubling from a year ago as the pandemic drives homebuyers out of the Bay Area.

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Sales of large homes skyrocket as homeowners seek more space

Housing Wire

Homebuyers who are juggling work and school from their home want more space, triggering an increase in the number of sales of large homes. According to Redfin , sales for large homes were up 21.2% year over year nationwide in July, compared to a 10% increase for medium-sized homes and a 2.3%

Sales 284

Renting a Room in Your House: What to Know

RIS Media

If you have a spare room in your home, renting it out can be a way to earn extra to pay the mortgage.

Refinance Appraisal vs Purchase Appraisal: Is There a Difference?

HomeLight

Picture this: You’ve been in your home for a few months, and lately, it seems like you’re getting more and more junk mail encouraging you to refinance your mortgage. And it seems like it might be a good deal, so you do a little research into what you need to do.

More Trending

Why Is It so Important to Be Pre-Approved in the Homebuying Process?

Keeping Current Matters

You may have heard that pre-approval is a great first step in the homebuying process. But why is it so important? When looking for a home, the temptation to fall in love with a house that’s outside your budget is very real.

10 First-Time Home Buyer Blunders To Avoid

Lighter Side of Real Estate

Homeownership is one of the central tenets of contemporary life. Most of us dream of a familiar, comfortable place to call our own, and buying a home is a rite of passage into adulthood, and into our own piece of the American Dream.

Is the FHFA about to delay the refi fee?

Housing Wire

According to reporting by the Wall Street Journal on Saturday, the Federal Housing Finance Agency has been communicating with mortgage industry groups about delaying the implementation of a fee which would add a 0.5% surcharge to refinance mortgages sold to Fannie Mae and Freddie Mac starting Sept.

Housing Market 2020 Forecast: Will It Crash or Recover?

Norada Real Estate

Here are the updated national housing market trends— home prices, inventory, sales, and forecast. If you're wondering what the state of the housing market 2020 will be like over the next twelve months, especially if you're an investor, then here is some good news for you.

Capital Gains Tax On Primary Residence Is Coming

Toronto Realty Blog

TorontoRealtyBlog. My goodness, remember this blog post? The Friday Rant: When Will People Say “Enough?” ” That was March of 2019, yet it feels like yesterday. 95 comments from readers ensued, and they were mixed, to say the least.

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Water Works | 5 Baths with Distinctive Design

Sotheby's International Real Estate

Few spaces in the modern home take higher design priority than the bath. These five distinctive spaces feature details that range from rugged stonework to striking tile patterns and lovely mosaics that double as works of art. Unique Elegance in Manhattan.

Design 110

Homes Are More Affordable Right Now Than They Have Been in Years

Keeping Current Matters

Today, home prices are appreciating. When we hear prices are going up, it’s normal to think a home will cost more as the trend continues. The way the housing market is positioned today, however, low mortgage rates are actually making homes more affordable, even as prices rise. Here’s why.

2020 Bidding Wars: How to Win

RIS Media

At the start of the pandemic, the housing market nearly screeched to a halt. When most states moved to mandatory quarantining and strictly enforced social distancing, agents were, rightfully, concerned with the future of real estate.

Sales 106

U.S. home sales and median price soar to a record in July

Housing Wire

Existing-home sales jumped 25% in July from June, beating the prior record of a 21% gain set a month earlier , as low mortgage rates fueled demand for real estate. Sales of single-family homes, townhomes, condominiums, and co-ops rose to a seasonally adjusted 5.86

Sales 286

Canadian Households Have Deferred Payments On Debt Worth $247 Billion

Better Dwelling

Canadians have a metric buttload of debt, and a lot of it’s not being paid, according to a big three credit bureau. TransUnion data shows the balance of accounts on payment deferrals is now over a quarter trillion at the end of Q2 2020.

Home purchase contract signings surge 5.9% in July

The American Genius for Real Estate

[REAL ESTATE BIG DATA] Positive NAR reports encourage strong homebuyer return into the housing market following pent-up demand. The post Home purchase contract signings surge 5.9% in July appeared first on The American Genius Real Estate.

Inside an Extraordinary Santa Fe Compound

Sotheby's International Real Estate

T-shirts in popular shops around Santa Fe are emblazoned with a lighthearted description of New Mexico: “Not really new, not really Mexico.” While that sentiment is clever, it also happens to be true.

Land 108

Current Buyer & Seller Perks in the Housing Market

Keeping Current Matters

Today’s housing market is making a truly impressive turnaround, and it’s also setting up some outstanding opportunities for buyers and sellers. Whether you’re thinking of buying or selling a home this year, there are perks today that are rarely available, and definitely worth looking into.

Homes Flying Off Market at Record Pace—46% Accept an Offer Within 2 Weeks

Redfin

Key takeaways for the 4-week period ending August 2: A record-high share of homes are selling fast: 46% of homes sold within the first two weeks on the market, the highest level since at least 2012 (as far back as our data on this measure goes).

New home construction shoots up 22.6% in July

Housing Wire

New home construction continues to climb, as privately owned single-family housing starts in July were at a seasonally adjusted annual rate of 1.496 million, a 22.6% jump from June , according to a new report from the U.S. Census Bureau.

Canada Doubled Down On Real Estate In 2005. Now It’s The Biggest Bubble The G7 Has Ever Seen, and It’s Getting Bigger

Better Dwelling

Canadians know real estate prices have grown quickly, but most have no idea how it compares to the world. US Federal Reserve Bank of Dallas (US Fed) data shows how home prices evolved since the Financial Crisis.

Banks 106

Buyers Continue to Flood Markets Despite Inventory Shortage

RIS Media

The bidding wars may continue into the fall, according to data from realtor.com®’s Weekly Recovery Report for the week ending Aug. The week reached a 106.6 Housing Market Recovery Index—a 1.8-point increase over last week and 6.6. points above the pre-COVID baseline of January 2020.

5 Homes Inspired by Your Favorite Glass of Summer Wine

Sotheby's International Real Estate

For the wine connoisseur, enjoying a glass is about more than just relaxation: it’s about transporting oneself to far away terroirs through taste, being moved by tradition and innovation, and, sometimes, finding inspiration in the way the light hits the wine.

Sellers Are Returning to the Housing Market

Keeping Current Matters

In today’s housing market, it can be a big challenge for buyers to find homes to purchase, as the number of houses for sale is far below the current demand. Now, however, we’re seeing sellers slowly starting to come back into the market, a bright spark for potential buyers.

How are smart cities impacting the construction industry?

The American Genius for Real Estate

[OPINION EDITORIALS] The movement towards smart cities will change the construction industry for the best - creating more connected, collaborative, and efficient cities. The post How are smart cities impacting the construction industry? appeared first on The American Genius Real Estate.

Are existing home sales showing a housing bubble?

Housing Wire

Today, existing home sales blew out estimates , coming in at 5,860,000. With new home sales, pending home sales, housing starts, housing permits, and purchase applications already in v-shape recovery mode, this last metric completes the v-shaped recovery across the board for housing.

Sales 285

This Week’s Top Stories: Canada Is The G7’s Biggest Real Estate Bubble, and Toronto Rental Inventory Soars

Better Dwelling

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canada Doubled Down On Real Estate In 2005.

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Refinancing just got more expensive, thanks to this new fee

The Morgtage Report

A new fee will be added to conventional mortgage refinances on September 1. Will this mean higher refinance rates? For some, it's likely. Conventional Loans Mortgage News Mortgage Rates Refinance

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Inside Susan Sarandon’s Dramatic Chelsea Loft

Sotheby's International Real Estate

For the home of a beloved thespian to provide space for performing and dancing seems only fitting, and this airy contemporary loft—Academy Award winner Susan Sarandon’s six-bedroom oasis—does just that.