December, 2022

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2022 Housing Market Year In Review: Looking Back on a Historic Year

Redfin

17 housing trends that defined the year, including record home prices and sky-high mortgage rates. The 2022 housing market was nothing short of remarkable. The pandemic and resulting remote work continued to define how, when, and where people bought homes. The median U.S. home price hit a record high before falling slightly. Rising rents stretched renters’ budgets.

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Comparing this housing market recession to 2008

Housing Wire

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. There are similarities and significant differences between the housing recession we’ve seen this year versus 2008, and looking at specific factors in both timeframes gives us an idea of what to expect in 2023.

Marketing 545
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Nine Percent of New Homes Are Teardowns

Eye on Housing

In 2021, 9.1 percent of new single-family homes were built in an older neighborhood on a site where a previous structure had to be torn down and rebuilt, according to the latest Builder Practices Survey (BPS) conducted by Home Innovation Research Labs. Another 18.5 percent were built on an infill lot in an older neighborhood. The BPS places new homes.

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How Can a Loan Be Denied After Funding: See 14 Ways!

Maximum Exposure Real Estate

Fourteen Ways to Get Your Mortgage Denied Did you know that a loan can be denied after funding? Unfortunately, you can lose your mortgage approval if you’re not careful. Getting pre-approved for a mortgage is an exciting experience. You now have the go-ahead to shop around and find the perfect home. But with all the […]. The post How Can a Loan Be Denied After Funding: See 14 Ways!

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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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The 2022 housing market: A tale of two halves

Housing Wire

Marty Green thinks of the housing market in 2022 as two very different movies. The first half of the year, with mortgage rates in the 3s and 4s, was like “Fast and Furious.” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) over asking price. High octane stuff.

Marketing 520

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Do Open Houses Work

Maximum Exposure Real Estate

What Are Open Houses? Open houses are a marketing activity performed by a licensed real estate agent, usually on a weekend, whereby a home seller’s property is open to the public for a designated time period. Open houses typically last for a couple of hours, when people can come and go at their leisure. There […]. The post Do Open Houses Work appeared first on Maximum Real Estate Exposure.

Design 139
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4 success strategies from Century 21 agents heading into 2023

Real Trends

The real estate market is shaping up to be challenging, yet there are agents who are committed to going big next year by setting aggressive growth goals for the coming 12 months. What are these agents planning to do to fill the year with appointments, listings and showings? How will they have a major impact on the lives of their clients, communities, and the economy?

Agents 126
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Canada’s Real Estate Bubble Is Now The Largest Ever, Correction Needed: RBC

Better Dwelling

Canadian real estate is in the largest bubble the county has ever experienced. RBC warns that housing affordability has eroded right across the country in November. In a research note to investors, the bank explains it’s now even harder to buy a home than during the 1980s bubble. A correction is now required to stabilize […]. The post Canada’s Real Estate Bubble Is Now The Largest Ever, Correction Needed: RBC appeared first on Better Dwelling.

Banks 144
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Meet The Real Estate Tech Entrepreneur: Jeff Glass from Hometap

GeekEstate

In this week’s founder interview, we’re bringing you Jeff Glass from Hometap. Without further ado…. Who are you and what do you do? My name is Jeffrey Glass. I am the CEO and cofounder of Hometap Equity Partners. My job has five main requirements. My number one role is to ensure that we are capitalized to accomplish our mission of making homeownership less stressful and more accessible, as we have ambitious operating and deployment goals that can’t be accomplished unless we have the

Equity 140
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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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Lower mortgage rates are stabilizing the housing market

Housing Wire

Since the weaker CPI data was released in November, bond yields and mortgage rates have been heading lower. The question then was: What would lower mortgage rates do to this data? Now, with five weeks of data in front of us, we can say they have stabilized the market. Purchase application data came out on Wednesday and the week-to-week data was down 3%, breaking the streak of four straight weeks of growth.

Mortgages 544
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Killer Tips For Negotiating a Home Inspection

Realty Biz

One of the most vital phases of buying a house is having it inspected. Home inspections over the last few years were few and far between. The crazy hot seller's market forced many home buyers into forgoing their inspection. With bidding wars being the norm and not the exception, many buyers were waiving their inspection to strengthen their offer. Things are starting to change in many real estate markets around the country.

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Do You Have to Disclose Stigmatized Property in Real Estate

Maximum Exposure Real Estate

Disclosure of Haunted Homes, Paranormal, Ghosts, and Murder Do you need to disclose stigmatized properties? A stigmatized property always brings out lively discussions among buyers, sellers, and real estate agents. Whenever Halloween rolls around, it is a perfect time to discuss one of the more ghoulish issues in real estate disclosure laws. Do you need […].

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Sipping in Style: 4 Well-Equipped Home Cocktail Bars

Sotheby's International Real Estate

In elegant estates from East Coast to West, these distinctive, expertly appointed bars prove that the best spot for a festive nightcap is often home sweet home. California Contemporary. Robin Walpert | Sotheby’s International Realty – Santa Monica – Venice Brokerage. This new solar-powered five-bedroom contemporary residence was designed for sophisticated entertaining and luxurious environmentally friendly living.

Brokerage 137
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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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Canadian Real Estate Prices Have Officially Crashed In 18 Markets

Better Dwelling

Canadian real estate markets went from boom to crash in less than a year. Canadian Real Estate Association (CREA) data shows every major composite index was down from its peak in November. Over a dozen of Canada’s real estate markets have even “crashed” as a sharp mix of reality and higher interest rates sink in. […]. The post Canadian Real Estate Prices Have Officially Crashed In 18 Markets appeared first on Better Dwelling.

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The Size of the Housing Shortage: 2021 Data

Eye on Housing

Reflecting the unprecedented housing shortages across the United States in the post-pandemic market, U.S. vacancy rates hit their lowest readings in decades in 2021. According to NAHB’s analysis of the 2021 American Community Survey (ACS), owner vacancy rates dropped below 0.9% and rental vacancy rates reached a new low of 5.2%, the lowest levels recorded by the ACS since the.

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How smart home technology increases property value in a challenging market

Housing Wire

Over the past few years, we’ve seen an increased demand for smart home technology as consumers continue to embrace a digital lifestyle. “Smart home technology, whether it be keyless entry locks, smart thermostats or leak sensors, these are all things that, five or six years ago, were still pretty new to the marketplace,” said Andre Sanchez, COO of Rently, a smart home and self-guided touring solutions provider.

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Killer Tips For Preparing to Get a Home Loan

Realty Biz

Most people need to get help from a lender to buy a home, and applying for a loan can be difficult at times. Getting a mortgage in the current conditions, where interest rates have risen quickly, hasn't made the situation any easier. While it might be more difficult to get a mortgage, it is, of course, still possible, but you might need to prepare more carefully.

Loans 137
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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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Understanding Sellers Disclosure When Selling Real Estate

Maximum Exposure Real Estate

Disclosure in Real Estate: What to Disclose When Selling a House You may not know about a seller’s disclosure when you have never sold a house before. Did you know that real estate disclosure laws vary from state to state? What a seller has to disclose in one state might be completely different than in […]. The post Understanding Sellers Disclosure When Selling Real Estate appeared first on Maximum Real Estate Exposure.

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Luxury Real Estate Headlines: First Week in December 2022

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. San Francisco, California | Sotheby’s International Realty – San Franciasco Brokerage. The “grand-scaled” mansion is located on tree-lined street in Presidio Heights. 100-Year-Old San Francisco Home Lists for $11.35 Million – Mansion Global.

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Canadian Housing Affordability Hits Unsustainable Level: BoC Index

Better Dwelling

Canadian real estate has never exactly been cheap, but it’s rarely this unaffordable. The Bank of Canada (BoC) Housing Affordability Index (HAI) hit a 32-year high in Q3 2022. That means it’s nearly impossible for an average household to buy a home right across the country. The cost of housing has breached an unsustainable level […]. The post Canadian Housing Affordability Hits Unsustainable Level: BoC Index appeared first on Better Dwelling.

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Best Advice for Homeowners of 2022: From Design Do’s and Don’ts to Home Improvement Hacks

Realtor.com

Photo-Illustration by Realtor.com; Photos: Getty Images (4) Just when you thought 2021’s wild real estate ride was ending, 2022 arrived to deliver one smackdown after another. Mortgage rates and home prices jumped higher than we’d seen in recent years, and low inventory posed a problem for homebuyers and sellers alike. But amid the ups and downs of the real estate market, there were plenty of homeowners who were perfectly content staying put and looking for ways to beautify their liv

Design 122
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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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Have we found the bottom in existing home sales?

Housing Wire

On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! Confused by this? I hear you; let’s dive deeper into today’s report. From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NA

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11 Things to Know About Escrow When Buying a House

Realty Biz

Buying a house is a complicated process, so it’s refreshing when one simple concept covers more than one aspect of it. Escrow is just such a concept. This is the practice of enlisting a third party to hold both the deed to a property and the money used to buy it until both buyer and seller are satisfied with the terms. When this idea originated around the turn of the 20th century , selling property was much more simple.

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Tips on How to Get a Home Mortgage Loan

Maximum Exposure Real Estate

Preparation For Getting a Home Loan Are you looking at how to get a mortgage? If so, thinking about owning your first place is probably exciting. Buying a house is big deal. How to prepare to get a mortgage is something every buyer should think about well before making a home purchase! One of the […]. The post Tips on How to Get a Home Mortgage Loan appeared first on Maximum Real Estate Exposure.

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Stored, Poured, and Explored: How to Create a Sommelier’s Wine Cellar

Sotheby's International Real Estate

Arthur Goodrich – Sotheby’s International Realty – St. Helena Brokerage. In the heart of the Calistoga Hills, set amid verdant vineyards yielding some of Napa Valley’s most coveted cabernets, you’ll find a sommelier’s dream home. This 46-acre property previously served as a boutique school for boys, so its grounds play host to all sorts of useful amenities—common rooms and workspaces, studios and a gym, courtyards and sporting greens—that have been thoughtfully remodeled as a resort-

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How Enriching the Lives of Your Clients Leads to Greater Sales Success

Speaker: Ari Capogeannis, Director - Revenue Marketing at NVIDIA and Bill Pappa, Sales and Marketing Leader at Ai Media Group

Building strong personal and professional relationships with clients is a critical success factor. Sales professionals who focus on relationship building generate more leads and raise their brand awareness. Because this can take time, having regular engagements can help you cultivate these relationships more efficiently. The most effective way to accomplish this is through direct hyper-personalized touchpoints.