August, 2022

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What’s Actually Happening with Home Prices Today?

Keeping Current Matters

One of the biggest questions people are asking right now is: what’s happening with home prices?

Marketing 258
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Housing Affordability Falls to Lowest Level Since Great Recession

Eye on Housing

Rising mortgage rates, high inflation, low existing inventory and elevated home prices contributed to housing affordability falling to its lowest point since the Great Recession in the second quarter of 2022. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), just 42.8% of new and existing homes sold between the beginning of April and end.

Mortgages 140
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Early 2022 Was The Culprit

BubbleInfo

Yesterday’s Case-Shiller Index for San Diego was 425.26, which is 11% higher than it was in January. But check how the trend increased between January and now. Prices rose as fast as ever in early 2021 (yellow above). If they would have mellowed out along my red line, then we would have experienced slightly-increasing prices […].

As-is 119
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Number of new listings drops but inventory is climbing

Real Trends

As homebuyer demand slows, potential sellers are becoming more hesitant about listing their homes. During the four-week period ending on August 7, the number of new listings fell 12% year over year, according to a report published by Redfin on Thursday. This is the steepest decline in new listings since June 2020. Observers attribute the decline in new listings to sellers’ awareness of diminishing housing demand, as well as their trepidation of obtaining a new mortgage in this rising mortgage ra

Agents 108
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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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Are we in the middle of a housing bubble?

The American Genius for Real Estate

The phrase "housing bubble" is beginning to percolate in some circles, so let's break that down. The post Are we in the middle of a housing bubble? appeared first on The American Genius Real Estate.

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More Trending

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How to Find and Pick Inspectors For Houses

Maximum Exposure Real Estate

What is a Home Inspector? Are you looking to find an outstanding home inspector? Choosing a home inspector is part of the home buying process, a decision that can significantly impact your satisfaction with your future home. A home inspector is a professional engaged in performing the service of assessing a property’s condition. It can […].

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Sixth recession red flag raised, despite strong jobs report

Housing Wire

What a crazy day for my economic model! On the same day, the Bureau of Labor Statistics (BLS) revealed that we’ve recovered all the jobs lost to COVID-19 and I am raising my sixth recession red flag. When I wrote the America is back recovery model on April 7, 2020, and then retired it on Dec. 9, 2020, I knew one data line would lag the most: jobs!

Staging 545
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Why You May Want To Start Your Home Search Today

Keeping Current Matters

If you’re thinking about buying a home, you likely have a lot of factors on your mind.

Marketing 252
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Housing Market Forecast 2024 & 2025

Marco Santarelli

Here's what some of the experts predict will happen in the housing market in the next five years. According to Zillow, the current typical value of homes in the United States is $354,165. This value is seasonally adjusted and only includes the middle price tier of homes. In June 2021, the typical value of homes was $295,000. Home values have gone up 19.8% over the past year.

Marketing 133
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

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.

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Younger buyers drive homeownership rate in Q2 2022

Real Trends

Despite rising home prices , rents and mortgage rates , nationwide, the homeownership rate was up and the rental vacancy rate was down during the second quarter of 2022 compared to a year prior, according to data released Tuesday by the U.S. Census Bureau. During the second quarter, the homeownership rate rose to 65.8% from 65.4% a year prior, which the reports notes is not a statistically significant difference.

Principal 133
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Anticipating Cold Weather, Ticket Sales Launch for Return of Lightscape to Brooklyn Botanic Garden

Brownstoner

It is months away, but perhaps thinking about an illuminated cold-season walk through the crisp air at Brooklyn Botanic Garden will get you through the rest of the summer heat. The glimmering spectacle, which debuted in 2021, will light up the garden from November 16 through January 8, 2023, with some… Read More > The post Anticipating Cold Weather, Ticket Sales Launch for Return of Lightscape to Brooklyn Botanic Garden appeared first on Brownstoner.

Sales 128
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Best Tips For Estate Sellers

Maximum Exposure Real Estate

What is an Estate Sale? Are you a potential estate seller? The words “estate sale” can mean different things to different people. There are indeed multiple ways to interpret the definition of an estate sale. For example, most people who are not real estate agents think of an estate sale as an auction where furniture […]. The post Best Tips For Estate Sellers appeared first on Maximum Real Estate Exposure.

Sales 133
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Is housing inventory growth really slowing down?

Housing Wire

One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. What does this mean? Some have said this is evidence of a soft landing for housing since we are in August and it doesn’t look like we are going to even get to the peak inventory levels we saw in 2019 this year, or even breach the lower levels of 2019 on the national data.

Land 519
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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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.

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Buyers’ Expectations of Housing Availability Improve

Eye on Housing

For the first time since 2020, prospective buyers expect housing availability to improve. After falling steadily for five quarters, the share expecting the home search to get easier in the months ahead grew from 17% to 22% between the first and second quarters of 2022. Less competition from buyers priced-out of the market by recent increases in mortgage rates is.

Mortgages 126
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Modern Convenience for Tenants, Protection for Owners

GeekEstate

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: SmartRent]. The idea of a Smart Home has been an awe-inspiring staple in portrayals of the future. Although we don’t have completely autonomous homes that can make a strawberry smoothie with a voice command as depicted in the movie Smart House , the technology is getting smarter and more accessible to homeowners every year.

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Cool listings: $10M ‘House of Sin’ party pad in Hollywood Hills has its own nightclub, casino

Fancy Pants Homes

An 8-story Hollywood Hills home with eclectic interiors and a party-ready setup is looking for its newest fun-loving owners. With a unique set of amenities — that include a two-story nightclub, a games room with casino tables, and a grotto with a jacuzzi — the house looks like it jumped right out of an MTV Cribs episode. Known as the “House of Sin”, the Los Angeles party palace was previously owned by photographer Richard Franklin, who photographed celebrities and more th

Design 121
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Should you even care about the Zillow and Opendoor team up?

The American Genius for Real Estate

Is Opendoor and Zillow's simple team up worth any of the hype or critique it's getting? Let's examine the partnership. The post Should you even care about the Zillow and Opendoor team up? appeared first on The American Genius Real Estate.

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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

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What Does a Real Estate Agent Do For Buyers and Sellers

Maximum Exposure Real Estate

What Does a Real Estate Agent Do All Day Anyway? Lots of people wonder what a real estate agent does on a daily basis. In the real estate business, a real estate agent’s day can be constantly different. Do they sit around all day waiting for the phone to ring? Do they really do anything […]. The post What Does a Real Estate Agent Do For Buyers and Sellers appeared first on Maximum Real Estate Exposure.

Agents 131
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This app lets homeowners generate floor plans of their homes for free

Housing Wire

In a recent survey by the National Association of Realtors , floor plans ranked as the third most desired listing feature for homebuyers, after photos and detailed listing information. But floor plans are a relative rarity on multiple listings services: only 10-15% home listings in the U.S. have floor plans. CubiCasa , a real estate software company based in Finland, launched a new product to enable homeowners to generate floor plans at no cost through their app.

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More Prospective Buyers Are Actively Searching for a Home

Eye on Housing

The share of prospective home buyers who are actively engaged in the process to buy a home rose to 49% in the second quarter of 2022, after declining for three straight quarters. The pivot is likely driven by less competition from buyers who have exited the market, which has encouraged many of those remaining to become active buyers. Except for.

Marketing 126
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Unlocking Property Potential with Home Renovations

GeekEstate

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Plunk]. While real estate is an appreciating asset, homes often have untapped equity potential. Upgrading a home’s curb appeal, features, and systems while owning the home builds its value as much as paying off the mortgage–yet many homeowners don’t have the tools or knowledge to start.

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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 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.

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The Cons of an Adjustable Rate Mortgage

Realty Biz

Over the last few years it has been an extreme seller’s market characterized by low inventory and rising home prices. Home sellers have been in the drivers seat. Most homes listed for sale have experienced bidding wars with sales prices ending up far over the asking price. It has been the ultimate nirvana for home sellers. Not so much for home buyers who have seen their dream home become more and more expensive.

Mortgages 114
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FTC nails Opendoor with $62M fine for misleading consumers

The American Genius for Real Estate

Opendoor has been fined millions for their claims of "more accurate offers and lower costs." The FTC says the opposite is true. The post FTC nails Opendoor with $62M fine for misleading consumers appeared first on The American Genius Real Estate.

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Appraisal Myths Too Many Sellers Believe

Maximum Exposure Real Estate

Home Appraisal Myths You Need to Know The home appraisal process can be nerve-wracking for many sellers. You probably already listed your home, and even received an offer, and now someone is coming in to tell you what the house is worth? Someone who can quickly state a price that sinks your sale? It only […]. The post Appraisal Myths Too Many Sellers Believe appeared first on Maximum Real Estate Exposure.

Sales 125
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Can lower mortgage rates stop the housing recession?

Housing Wire

To say that mortgage rates have been on a wild Mr. Toad’s ride in 2022 is an understatement. In less than a year, we went from 2.78% on the 30-year fixed to as high as 6.28% , then recently got as low as 5% — only to have another move higher this week to 5.30%. People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% to 4.5%.

Mortgages 498
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5 Data Proven Ways Agents Can Do 18% More Business

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.