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 261
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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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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

Mortgages 108
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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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The 4 Most Impactful Actions to Take in Real Estate in 2024

Strategic real estate professionals know that the name of the game right now is to stay informed, adaptable, and ready to make confident decisions. In this free download, Inside Real Estate CEO, Joe Skousen, shares what he believes are the top 4 most impactful actions in real estate right now. We've been actively engaging with industry experts, analyzing data, and listening intently to the experiences of our agents on the ground.

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Has Inflation Peaked?

Eye on Housing

Consumer prices eased slightly from a 40-year high in July as declines in energy prices offset increases in food and shelter indexes. Despite this improvement, inflation remains above an 8% rate for a fifth straight month. The food index recorded its largest annual gain since May 1979 as all six major grocery store food group indexes increased. Nonetheless, it is.

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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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More Trending

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Selling Your House? Your Asking Price Matters More Now Than Ever

Keeping Current Matters

There’s no doubt about the fact that the housing market is slowing from the frenzy we saw over the past two years.

Marketing 249
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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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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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When Will Mortgage Rates Go Down? It’s Hard to Say, But Housing Experts Weigh In

HomeLight

With mortgage interest rates in flux and trending upward after nearly two years of rock-bottom percentages, prospective homebuyers across the country are wondering when mortgage rates will go down again. While no one can predict these kinds of things with absolute certainty, understanding how mortgage rates work — including the factors that drive these numbers in the first place — can lend valuable context clues.

Mortgages 132
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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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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 145
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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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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 255
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Building Materials Prices Increase in July as Concrete Surges

Eye on Housing

The prices of building materials rose 0.4% in July (not seasonally adjusted) even as softwood lumber prices increased 2.3%, according to the latest Producer Price Index (PPI) report. Prices have surged 35.7% since January 2020, although 80% of the increase has occurred since January 2021. The PPI for goods inputs to residential construction, including energy, decreased 1.2% as the prices of.

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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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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.

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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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Buy Houses With Cash: Advantages and Disadvantages Explained

Maximum Exposure Real Estate

The Guide to Buy Houses With Cash Is buying a house with cash a good idea? If you have the money available to allow you to buy houses for cash, is it the best option? The answers to these questions may not be completely apparent. While it will make buying the home more straightforward, the […]. The post Buy Houses With Cash: Advantages and Disadvantages Explained appeared first on Maximum Real Estate Exposure.

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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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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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Can I Sell My House Without Both Owners’ Signatures?

HomeLight

DISCLAIMER: This blog post is meant to be used for educational purposes only, not legal advice. If you need assistance navigating the legalities of selling a home without the signature of all the owners, HomeLight encourages you to reach out to your own advisor. Selling a home is a big decision that can significantly impact everyone involved. Because home ownership is complex, the process of selling a home requires multiple steps and signatures to make sure that the ownership is conveyed from se

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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.

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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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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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Why You Need a Real Estate Attorney When Buying or Selling a House

Maximum Exposure Real Estate

Buying a home isn’t the same as many other purchases you might make. Ownership is legally changed from the seller to the buyer, and there’s a lot of documentation and contracts involved with that. Because buying a house is more complicated it is often better to use an attorney for real estate purchases. Whether you […]. The post Why You Need a Real Estate Attorney When Buying or Selling a House appeared first on Maximum Real Estate Exposure.

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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%.

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Content Marketing Strategies for Real Estate Agents

Realty Biz

If you’ve researched digital marketing, you most likely heard the phrase ‘content is king. In the world of digital, those that create the best content generate the most traffic, the most conversions, and the most leads. That is especially true in real estate. In an industry where demand exceeds know-how, the companies that provide the most value in their content marketing strategies will resonate with the most people.

Agents 121
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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 127
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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.

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How to deal with clients who are consistently late

The American Genius for Real Estate

When your day is stacked with client meetings, one late appearance can throw everything off - here's how to stay on track. The post How to deal with clients who are consistently late appeared first on The American Genius Real Estate.

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$100 Off Registration for iOi Summit 2022 in Los Angeles

GeekEstate

The annual Innovation, Opportunity & Investment (iOi) Summit brings together over 500+ of the industry’s top tech companies, investors, and REALTOR® members to collaborate, network, and address concerns regarding the future of real estate. At iOi, your tech leader peers join ranks to pool talents and resources and discuss and develop essential PropTech strategies and solutions to revive the industry and drive it forward.

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What is an Exclusive Right to Sell Listing Agreement?

Maximum Exposure Real Estate

You will execute a listing contract when selling your home with a real estate agent. The most common arrangement is an exclusive right to sell listing agreement. What an exclusive right to sell agreement means today is much different than many years ago. When I first entered the real estate industry in the mid-1980s, having […]. The post What is an Exclusive Right to Sell Listing Agreement?

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Fannie Mae to accept lender-funded down payment assistance

Housing Wire

Fannie Mae will now buy mortgage loans with lender-funded grants, including down payment assistance, closing costs or financial reserves. The change could give nonbank lenders a way to guard against redlining accusations. The government-sponsored enterprise will start accepting such loans immediately. According to Fannie Mae’s guidance , “The lender must have a documented program that provides grants for low- to moderate-income borrowers, community development, equitable housing initiative

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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.