Redfin
DECEMBER 29, 2022
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.
Housing Wire
DECEMBER 29, 2022
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.
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Eye on Housing
DECEMBER 22, 2022
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.
Maximum Exposure Real Estate
DECEMBER 28, 2022
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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Housing Wire
DECEMBER 27, 2022
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.
Maximum Exposure Real Estate
DECEMBER 13, 2022
Is the price per square foot important? This is a question that lots of buyers and sellers want to know. In real estate, as with many things in life, the easiest solutions to a problem are not always the best solutions. Take calculating the value of a home for sale. Realtors, sellers, and buyers want […]. The post Price Per Square Foot Should Be Avoided When Calculating Market Value appeared first on Maximum Real Estate Exposure.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Trends
DECEMBER 19, 2022
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?
Better Dwelling
DECEMBER 20, 2022
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.
Realty Biz
DECEMBER 5, 2022
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.
Housing Wire
DECEMBER 7, 2022
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.
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Sotheby's International Real Estate
DECEMBER 31, 2022
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.
Maximum Exposure Real Estate
DECEMBER 8, 2022
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 […].
NAR: Economic Outlook
DECEMBER 22, 2022
Instant Reaction: Mortgage Rates, December 22, 2022. The 30-year fixed mortgage rate decreased to 6.27% from 7.08% six weeks ago, making homeownership 10% more affordable than it was six weeks ago. By: . Nadia Evangelou. Mortgage Financing.
Better Dwelling
DECEMBER 29, 2022
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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Realty Biz
DECEMBER 8, 2022
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.
Housing Wire
DECEMBER 1, 2022
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.
Sotheby's International Real Estate
DECEMBER 2, 2022
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.
Maximum Exposure Real Estate
DECEMBER 19, 2022
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.
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.
The Close
DECEMBER 13, 2022
Newer agents are almost always surprised when I tell them agents and brokers with killer marketing are not more talented or harder-working than they are. They aren’t luckier either. So why do some consistently crush their marketing goals while others fail? Simple. Smart Realtors create a real estate marketing plan designed for long-term growth early in their careers.
Better Dwelling
DECEMBER 28, 2022
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.
Realty Biz
DECEMBER 15, 2022
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.
Housing Wire
DECEMBER 21, 2022
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
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.
Sotheby's International Real Estate
DECEMBER 26, 2022
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-
Maximum Exposure Real Estate
DECEMBER 2, 2022
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.
Eye on Housing
DECEMBER 16, 2022
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.
Better Dwelling
DECEMBER 19, 2022
Canada’s overstimulated economy is experiencing withdrawal from the end of low rates. Oxford Economics‘ warned investors the country is already in recession. It’s expected to spend most of 2023 in recession, and will be hit harder than its G7 peers. Highly indebted households and overpriced real estate shouldn’t expect much relief either.
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Realtor.com
DECEMBER 12, 2022
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
Housing Wire
DECEMBER 2, 2022
The entire economic landscape, including mortgage rates, has changed this week, starting with the Fed’s talking points on Wednesday. The honey badger labor market is still going strong as we got another solid jobs report Friday, which pushed bond yields higher at first. However, the way the day ended showed that change is coming. We now have a better idea of what the Federal Reserve wants to do with their Fed rate hikes, and we have a lot of data that shows that the economy will look diffe
Sotheby's International Real Estate
DECEMBER 17, 2022
Whether they illuminate a traditional townhouse in Southampton or a chic contemporary residence in Southern California, distinctive light fixtures make each of these homes shine. Woolworth Tower Aerie. Stan Ponte, Joshua Judge | Sotheby’s International Realty – East Side Manhattan Brokerage. Towering above the city in the illustrious, amenity-rich Woolworth Building, this 2,548-square-foot condominium residence features sophisticated living and entertaining areas, two generous bedroom su
Easy Agent Pro
DECEMBER 20, 2022
What are Google Ads and PPC? Google Ads (formerly Adwords) is the name for Google’s suite of advertising capabilities that range from ads on Google and span across their partner sites (ie:Youtube) and even apps. According to Google , their ad platform is “designed to help businesses and marketers connect with billions of people who are finding answers on Search, watching videos on YouTube, exploring new places on Google Maps, discovering apps on Google Play, browsing content across the web, and
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.
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