November, 2020

Rising home prices take a toll on pending home sales

Housing Wire

pending home sales fell 1.1% in October – the second consecutive month the index has fallen as affordability strains the market, a recent report from the National Association of Realtors said. However, borrowers are still maintaining a strong pace, as contract signings are up 20.2%

Sales 278

4 Reasons Why the Election Won’t Dampen the Housing Market

Keeping Current Matters

Tomorrow, Americans will decide our President for the next four years. That decision will have a major impact on many aspects of life in this country, but the residential real estate market will not be one of them.

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Top 7 Things You Need to Know Before House-hunting on Zillow

American Lifestyle

The post Top 7 Things You Need to Know Before House-hunting on Zillow appeared first on American Lifestyle Magazine. Buying & Selling Finance Finance Tips Financial Advice Home Advice Home Buying Home Loan Mortgage Real Estate Real Estate Agent Refinancing Seller Selling Zillow

Toronto Condo Prices Down Over $20k From Peak, As Inventory Doubles

Better Dwelling

Greater Toronto real estate is on fire… just not condo apartments, which is seeing a lot of sellers. Toronto Regional Real Estate Board (TRREB) data shows condo apartment prices slid for a fifth month in October. Condo sales are fairly in line with last year’s numbers, except in the city.

Sales 112

Home Appraisal: What to Know About House Appraisals

Maximum Exposure Real Estate

Understanding Home Appraisals Are you interested in understanding what to expect from your home appraisal? Real estate appraisals are an integral part of purchasing and selling a property, particularly if the buyer is seeking funding from a lender.

How to Build a Home Gym Without Breaking the Bank

Coldwell Banker

With many gyms closed or operating at minimum capacity, a home gym has never sounded more appealing. Three out of five Americans are actually turning to home gyms for good, and over half of the population is looking for the best home-fitness options.

Banks 106

More Trending

Your House May Be High on the Buyer Wish List This Holiday Season

Keeping Current Matters

Around this time each year, many homeowners decide to wait until after the holidays to sell their houses. Similarly, others who already have their homes on the market remove their listings until the spring.

3 Needle-Moving Strategies to Help You End 2020 On a High Note

RIS Media

Can you believe Quarter Four is just a few weeks away? As we enter these last few months of the year, it’s time to start thinking about ending 2020 on a high note and planning your luxury real estate marketing strategy for 2021.

Vancouver To Triple Empty Home Tax To 3% In 2021

Better Dwelling

Vancouver is doubling down on the success of its vacant home tax…well, tripling down, technically. The Vancouver Empty Homes Tax (EHT) will be tripled from its original rate for the 2021 assessment year.

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109

Home Inspections: What to Know About a House Inspection

Maximum Exposure Real Estate

What Buyers and Sellers Need to Understand About a Home Inspection Are you going to be getting a home inspection? Home inspections are a vital part of the real estate transaction process, so it makes sense to learn as much as you can about them.

7 Tips for Selling Your Home During the Holidays

Redfin

Believe it or not, the holiday season can be a great time to sell your home. It’s true that the housing market typically heats up during the spring. However, the holiday season is often overlooked as a prime time to sell, especially this year. .

These markets are attracting the most out-of-state real estate investors

Housing Wire

The pandemic has shifted the pecking order of the real estate industry’s location-location-location axiom for many homebuyers — high-cost and high-density urban is out, while suburban is back in vogue and rural is experiencing a bit of a revival.

5 Tips for Homebuyers Who Want to Make a Competitive Offer

Keeping Current Matters

Today’s real estate market has high buyer interest and low housing inventory. With so many buyers competing for a limited number of homes, it’s more important than ever to know the ins and outs of making a confident and competitive offer.

8 Ways to Attract New Clients

RIS Media

For real estate professionals, building business usually means attracting new clients. With long hours and busy days, it can be difficult for agents to find the time and energy target prospects and market to them.

Land 102

Bank of Canada Ended The Mortgage Program That Inflated Prices… Kind of

Better Dwelling

Canada’s central bank is still buying tens of million of mortgage bonds. Bank of Canada (BoC) data shows the balance of Canada Mortgage Bonds (CMBs) they hold, increased this week. The increase is a couple of weeks after the pandemic program to buy these has ended.

Banks 107

What Biden means for mortgage rates, housing policy, and real estate

The Morgtage Report

Learn what Biden's presidency means for mortgage rates, housing policy, real estate, and renters in the coming years. Mortgage News Mortgage Rates

How to Get a Free Credit Report Including a Helpful Video

Maximum Exposure Real Estate

Get Your Credit Report FREE! Are you interested in learning how to get a free credit report? How about a free credit score? Your credit report is an important financial document that you should review at least once a year.

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Record low mortgage rates hold steady at 2.72%

Housing Wire

The average U.S. mortgage rate for a 30-year fixed loan remained unchanged at 2.72% this week, Freddie Mac said in a report on Thursday – the second week in a row rates have sat at the lowest recorded level in the survey’s near 50-year history.

Winter Will Bring a Flurry of Activity to the Housing Market

Keeping Current Matters

In the second half of this year, the housing market surged with activity. Today, real estate experts are looking ahead to the winter season and the forecast is anything but chilly.

Pre-Sale Updates and Repairs

RIS Media

When you market your listings, you want prospective buyers to focus on what’s great, not what needs fixing or is in poor condition. Sellers can do a lot to make sure their home shows well and will get better offers than those that are in obvious need of TLC.

Sales 99

Canadian Real Estate Prices To Fall Up To 26%, Bay Street Firm Warns Institutions

Better Dwelling

Canadian real estate prices may take a big tumble, Bay Street researchers warn. Veritas Investment Research, a prominent Canadian firm, sent institutional clients a real estate forecast. The firm warned real estate price declines are unlikely, except in the event of supply shock.

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Get rid of PMI and lower your mortgage payment

The Morgtage Report

Mortgage insurance (either PMI or MIP) adds yet another cost to homeownership. Learn how to get rid of mortgage insurance faster with a refinance. Conventional Loans FHA Refinance Mortgage Products Refinance

Finding a Home in a Low Inventory Market

American Lifestyle

The post Finding a Home in a Low Inventory Market appeared first on American Lifestyle Magazine. Buying & Selling Finance Finance Tips Financial Advice Home Advice Home Buying Home Loan Mortgage Real Estate Real Estate Agent Refinancing Seller Selling Suburban Zillow

Fannie Mae, Freddie Mac conforming loan limits increase for 2021

Housing Wire

The Federal Housing Finance Agency announced new conforming loan limits for Fannie Mae and Freddie Mac for 2021: $548,250. This is a 7.5% increase from 2020’s limit of $510,400 and marks the fifth consecutive year of increases from the FHFA.

Loans 286

Why Working from Home May Spark Your Next Move

Keeping Current Matters

If you’ve been working from home this year, chances are you’ve been at it a little longer than you initially expected. Businesses all over the country have figured out how to operate remotely to keep their employees healthy, safe, and productive.

Buyers Can Now Access Flood Data on Realtor.com®

RIS Media

Last August, realtor.com® began displaying flood risk information on for-sale properties across the United States.

Toronto’s Real Estate Board Tells Brokers Stop Showing More Than 2 Years of Sold Data

Better Dwelling

Toronto’s golden age of real estate brokerage innovation is coming to an abrupt end. Toronto Regional Real Estate Board (TRREB) sent a memo this week, on sold data. The board informed brokers they will only be allowed to show two years of data going forward.

The mortgage loan process explained in 9 steps: From pre-approval to closing day

The Morgtage Report

Your guide to the mortgage loan process. Learn what to expect before, during, and after you apply for a mortgage. About Mortgages Buying a home First-Time Home Buyers

Nashville Real Estate Market Trends & Investment Outlook

Norada Real Estate

Nashville housing market remains one of the hottest markets in the US. Despite the pandemic led economic slowdown, there is healthy demand to purchase homes in the Nashville real estate market. Across the nation, we have seen people moving from big cities to the suburbs.

Mortgage rates break record again, down to 2.72%

Housing Wire

The average U.S. mortgage rate for a 30-year fixed loan fell this week to 2.72%, Freddie Mac said in a report on Thursday – the lowest rate in the survey’s near 50-year history. This week’s rate broke the previous record set on Nov. 5 by 6 basis points.