June, 2022

Mortgage delinquency rate falls to historic low

Housing Wire

The national mortgage delinquency dropped to an all-time low in May, continuing two consecutive months of a decline since March. The overall delinquency rate slightly dropped five basis points from April to 2.75% in May, according to Black Knight.

The Average Homeowner Gained $64K in Equity over the Past Year

Keeping Current Matters

If you own a home, your net worth likely just got a big boost thanks to rising home equity. For Sellers Housing Market Updates Move-Up Buyers Pricing Content Hub

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Been Waiting to Sell and Buy a “Move-Up” Home? Now May Be the Perfect Time!

Lighter Side of Real Estate

Most people don’t buy their “forever house” right out of the gate. It’s hard to afford a home that has the size and amenities you want on your first (or even second) purchase. So most people start out with something a little smaller, needing some work, or not in their ideal location.

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What Do Home Buyers Buy after Moving

Eyes on Housing

NAHB analysis of Consumer Expenditure Survey (CES) data from the Bureau of Labor Statistics shows that during the first year after closing on a home sale, home buyers tend to spend considerably more money on furnishings, appliances and remodeling compared to non-moving owners.

Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In this webinar, Keller Williams Team Leader Trey Willard will teach you how to create a winning tech stack, and how to leverage apps for real estate success.

Active listings show year-over-year growth as inventory rebounds

Real Trends

The number of active listings was up 13% year over year for the week ending June 4, according to a report from Realtor.com. Despite the double-digit increase, active inventory remains nearly 50% below the inventory level at the start of the COVID-19 pandemic and down 13% on a year-to-date basis.

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After implosion, FGMC files for bankruptcy

Housing Wire

Less than a week after laying off hundreds of workers and refusing new mortgage applications, First Guaranty Mortgage Corp. FGMC) and its affiliate Maverick II Holdings filed for Chapter 11 bankruptcy protection late Wednesday. .

Things To Avoid After Applying for a Home Loan

Keeping Current Matters

Once you’ve applied for a mortgage to buy a home, there are some key things to keep in mind. First Time Home Buyers For Buyers Move-Up Buyers

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6 Critical Questions to Ask When Buying Land

Realty Biz

Things to Find Out Before Purchasing Land. Performing due diligence is vital when purchasing a home. It is even more crucial when buying a building lot. Buying land can be an exciting and profitable investment. However, it is important to ask questions and get advice before making a purchase.

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How a Home Purchase Boosts Consumer Spending

Eyes on Housing

Using the Consumer Expenditure Survey (CES) data from the Bureau of Labor Statistics (BLS), NAHB Economics estimates that a home purchase triggers significant spending on appliances, furnishings, and remodeling.

Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

In this webinar, Mary Maloney will demonstrate a methodology that will help you create a pipeline with continuous prospects.

Existing home sales fall for 4th consecutive month

Real Trends

As markets across the country have cooled thanks to rising mortgage rates and higher home prices, existing home sales fell in May for the fourth consecutive month. The seasonally adjusted sales rate for existing homes fell 3.4%

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15 New Real Estate Agent Tips to Retire as a Millionaire

The Close

We collected the best real estate agent tips from hundreds of top-producing agents and coaches that we’ve worked with over the years.

Housing starts data raises 5th recession red flag

Housing Wire

I’m raising my fifth recession red flag today based on the Census Bureau ‘s May housing starts data. Housing starts showed a miss on the estimate but positive revisions. Housing starts came in at 1.549 million and housing permits came in at 1.695 million.

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A Key Opportunity for Homebuyers

Keeping Current Matters

There’s no denying the housing market has delivered a fair share of challenges to homebuyers over the past two years. First Time Home Buyers For Buyers Housing Market Updates Move-Up Buyers

The Complete Realtor: Tools to Successfully Manage Your Personal Life, Career, and Health

Speaker: Marki Lemons Ryhal, REALTOR, Keynote Speaker, 4X International Best Selling Author, and Podcaster at ReMarkiTable, LLC

In this webinar, Marki Lemons Ryhal will teach you how you can pivot and succeed as a real estate agent in the face of adversity!

How Artificial Intelligence is Affecting First-Time Home Buyers

Realty Biz

Technology allows us to take new approaches to old problems, and these approaches are faster, easier, and yield better results.

Rapidly Rising Building Materials and Freight Prices Push Construction Costs Higher

Eyes on Housing

The prices of goods used in residential construction climbed 1.8% in May (not seasonally adjusted) and have increased 19.4%, year-over-year, according to the latest Producer Price Index (PPI) report. Prices have surged 40.4% since January 2020. Building materials (i.e.,

“Oh no, look at this:” Agents react to a housing market slowdown

Real Trends

It wasn’t so long ago that the housing market was characterized by YOLO, FOMO and 200-person deep lines at open houses. But a gradual slowdown that culminated in seismic shocks to the economy over the past week has changed the game for real estate agents and their clients.

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Finally. No Bid on MBS.

Notorious ROB

From my friend Kevin Oakley, I see this news on Twitter: Kevin Oakley on Twitter: “[link] @AliWolfEcon @robhahn / Twitter” [link] @AliWolfEcon @robhahn.

Database Restoration: How to Revive Dead Leads and Generate New Ones

Speaker: Rivers Pearce, CEO of W8LESS

In this session Rivers Pierce, CEO of W8LESS, will teach you how winning agents restore and revive their database to continue to gain market share!

Are home prices about to fall?

Housing Wire

We are at the point of the economic cycle where I really just get two questions: Are we going into recession and are home prices about to fall?

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Why You Need an Expert To Determine the Right Price for Your House

Keeping Current Matters

If your lifestyle has changed recently and you’re ready to make a move, taking advantage of today’s sellers’ market might be just the answer for your summer plans. For Sellers Pricing Selling Myths Content Hub

How to Make the Most of Local Real Estate Marketing

Realty Biz

One of the main reasons why new real estate agents fail is because they are unable to market themselves effectively. A high proportion ( 87% ) of new real estate agents fail within five years of entering the profession. However, real estate brokers in the top 10% earned more than $150,000 a year.

The Aging Housing Stock

Eyes on Housing

The median age of owner-occupied homes is 39 years, according to the latest data from the 2019 American Community Survey. Compared to a median age of 31 years in 2005, the U.S. owner-occupied housing stock is aging gradually.

The Real Estate Pulse: Analyzing the 2022 Housing Market

Speaker: Grier Allen, CEO and Co-Founder of BoomTown

In this session, Grier Allen, CEO and Co-Founder of BoomTown, will breakdown the top housing trends for 2022, and help you navigate the constant changes in the market so that you can achieve success!

Real estate industry accounted for 16.9% of GDP in 2021

Real Trends

The real estate industry was responsible for $3.9 billion, or nearly 17%, of the national GDP in 2021, according to a study published by the National Association of Realtors on Thursday.

Your Guide to What Home Inspectors Look For

HomeLight

After going through the stressful process of staging and showing your house, you’ve accepted an offer that exceeds your expectations. You can’t wait to close the deal so you can move out and begin the next chapter of your life.

The savagely unhealthy housing market is now a nightmare

Housing Wire

The housing nightmare continues. The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 million , down 3.4% from the previous month and 8.6% from last year. But, the savagely unhealthy data line was that home prices are up 14.8%.

How Homeownership Impacts You

Keeping Current Matters

June is National Homeownership Month, and it’s the perfect time to reflect on how impactful owning a home can truly be. First Time Home Buyers For Buyers Move-Up Buyers Content Hub

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