January, 2022

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Why Waiting To Sell Your House Could Cost You a Small Fortune

Keeping Current Matters

Many homeowners who plan to sell in 2022 may think the wise thing to do is to wait for the spring buying market since historically about 40 percent of home sales occur between April and July.

Sales 272
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5 predictions for the 2022 housing market

Housing Wire

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.

Marketing 545
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Building Materials Prices Increase 1.5% in December, Lumber Volatility at 75-Year High

Eye on Housing

The prices of goods used in residential construction ex-energy climbed 1.5% in December (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The index was driven higher by large price increases for wood products. Building materials prices increased 15.9% in 2021 and have risen 18.6% since December 2020.

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Canada’s Real Estate Bubble Is So Big Even The Mother of All Crashes Can’t Fix It

Better Dwelling

Canadian real estate is now some of the most expensive in the world. Home prices across the country, not in pricey hubs, are now comically overvalued. At this point, not even a major housing crash can restore affordability. Many think this is pandemic-related, but overvaluation has long been a concern. For at least a decade, […]. The post Canada’s Real Estate Bubble Is So Big Even The Mother of All Crashes Can’t Fix It appeared first on Better Dwelling.

Banks 145
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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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A Recipe for Style: Five Fabulous Kitchens

Sotheby's International Real Estate

With their effortless floor plans, superior appliances, and refined surfaces, these kitchens blend functionality, comfort, and style. El Molino. Montecito, California | Maureen McDermut & Maureen Martinez, Sotheby’s International Realty – Montecito – Coast Village Road Brokerage. Originally an olive-crushing mill, this elegant estate in the desirable Golden Quadrangle is one of Montecito’s oldest homes.

Brokerage 144
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Erin and Ben Napier Reveal the Fine Line Between Decor That’s Trendy vs. Just Plain Dated

Realtor.com

HGTV On “Home Town,” Erin and Ben Napier know that old trends usually come back in style. Perhaps that’s why they’re such big fans of “ grandmillennial ” design. In the Season 6 episode “Grandmillennial,” Erin and Ben meet with Rebekah Staples , Erin’s friend since junior high. Staples has been living in Jackson, MS, but is now moving back to Laurel.

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Mortgage delinquency rate reaches prepandemic levels

Housing Wire

Mortgage delinquency rates hit pre-pandemic levels in October due to labor market improvements and home equity increases, according to the most recent CoreLogic Loan Performance Report. The expectation is that rates will continue to decline during 2022. In October, 3.8% of mortgages were delinquent by at least 30 days, including foreclosure, close to the 3.7% rate registered in the same period of 2019.

Mortgages 527
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8 Games You Probably Don’t Want to Play Against Real Estate Agents

Lighter Side of Real Estate

Game nights can be a great way to relax with friends and family, and have some fun and laughs. But they can also bring out the competitor in people. It’s all fun and games until someone is getting their butt whooped! If you love playing games, but love winning even more, you might want to think twice about challenging a real estate agent when it comes to some games.

Agents 138
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Canadian Cities Have Seen Up To 90% of New Real Estate Supply Scooped By Investors

Better Dwelling

Canadian real estate is being scooped up by investors with excessively cheap credit. Ownership data for residential real estate across four regions show a significant share owned by investors in 2020. What’s most impressive is how fast this trend must have accelerated. Cities have seen up to 90% of recently completed homes go to investors, […].

Investor 145
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Home Is Where the Health Is: 5 Homes Perfect for a Healthy Lifestyle

Sotheby's International Real Estate

A daily wellness routine is no sweat when a home enjoys its own top-tier fitness equipment, private lap pools, professional-caliber sports courts, and flourishing vegetable gardens. Luxurious Living in Dumbo. Brooklyn, New York | The Heyman Team, Sotheby’s International Realty – Downtown Manhattan Brokerage. Offering 4,565 square feet of sophisticated living and entertaining space along with an enviable terrace, this five-bedroom residence is a chic aerie full of light that revels in views

Brokerage 141
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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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Former Downtown Brooklyn Woolworth’s Loses Art Deco Facade, Awaits Makeover

Brownstoner

All traces of the streamlined bands of ornament that once graced the facade of the former Fulton Street F.W. Woolworth store are gone, leaving a blank slate as the building preps for a new look. Filings show that plans for facade repairs on the building at 408 Fulton Street in Downtown… Read More > The post Former Downtown Brooklyn Woolworth’s Loses Art Deco Facade, Awaits Makeover appeared first on Brownstoner.

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Should you build or buy a house in 2022?: Cost comparison

The Mortgage Report

Is it cheaper to build or buy a house? Endless variables can change the answer. But this article can help you weigh the costs and benefits of both options.

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FHFA to GSEs: Back to the drawing board on Duty to Serve

Housing Wire

A federal law mandates that Fannie Mae and Freddie Mac help households on moderate, low, or very low income. The government-sponsored enterprises must do this by setting a plan every three years, dubbed Duty to Serve, that provides lending liquidity and preservation goals for manufactured, rural, and affordable housing. But according to the Federal Housing Finance Agency , which has oversight power over Fannie and Freddie, the GSE’s must go back to the drawing board when it comes to their

Land 521
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The Greener Grass of Real Estate

Realty Biz

It’s no secret that houses with great landscaping have a more attractive curbside appeal. When it comes to increasing the value of your home, revamping your landscaping and hardscaping can make a bigger difference than you might think. When looking at ideal homes, 90% of Americans would like a home that has lush landscaping. In the real estate market, houses with landscaping are not only more attractive to potential buyers because of the curbside appeal, but also because they offer outdoor

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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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Four Canadian Banks Urge The BoC To Raise Rates, Another Is Warning Home Buyers

Better Dwelling

The kings of Bay Street aren’t happy with Canada’s central bank, and they’re no longer holding back criticism. Four of the “Big Six” banks have recently urged the Bank of Canada (BoC) to raise the overnight rate. Another bank hasn’t urged action, yet. However, they’ve warned consumers of the risk of buying a home at […]. The post Four Canadian Banks Urge The BoC To Raise Rates, Another Is Warning Home Buyers appeared first on Better Dwelling.

Banks 145
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Inside the Retreat at Moonstone Beach

Sotheby's International Real Estate

Known for its sandy coves, rocky bluffs, and the eponymous semiprecious stones that often wash up on its shore, Moonstone Beach is one of Southern California’s most beloved stretches of coastline. On an emerald perch high above, this consummately private 78-acre estate is an elegant, self-sufficient sanctuary encompassing a 12,000-square-foot residence, an inviting guesthouse, staff quarters, garaging to showcase up to 50 cars, two event halls, a helipad, equestrian facilities, six acres of roll

Land 140
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Now vs. Then: Today’s Housing Market Looks Starkly Different From Before COVID-19

Realtor.com

Realtor.com / Getty Images Today’s highly competitive housing market looks quite different from how it did before COVID-19 struck. Over the past two years, as the pandemic raged, the number of homes for sale plunged by over 57%, leading prices to skyrocket 25% from December 2019 to December 2021, according to a recent Realtor.com® report. Last month, the number of home listings dropped 26.8% compared with the same time a year earlier.

Marketing 130
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What Do Home Appraisers Look For?

Point2Homes

Image: Andrey_Popov / Shutterstock.com. A home appraisal is an essential part of buying or selling a property and even applying for refinancing. But what do appraisers actually look for when they visit? In this guide, we’ll cover the main items on an appraiser’s checklist and how they can affect the value of a property. The Home Appraiser’s Checklist.

FHA loan 130
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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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FHFA hikes fees for high-balance and second-home loans

Housing Wire

The Federal Housing Finance Agency introduced new upfront fees on Wednesday for some high-balance and second-home loans sold to Fannie Mae and Freddie Mac. Upfront fees for high balance loans will increase between 0.25% and 0.75%, tiered by loan-to-value ratio. For second home loans, the upfront fees will increase between 1.125% and 3.875%, also tiered by loan-to-value ratio.

Loans 518
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What Problems Must Be Fixed After a Home Inspection

Maximum Exposure Real Estate

Are Fixes Mandatory For A Seller After an Inspection? Many potential buyers ask if a seller must make fixes after a house inspection. The answer is no. There are no mandatory repairs for a home seller after the home inspection. There are no legal requirements for a seller to change their property when selling. It […]. The post What Problems Must Be Fixed After a Home Inspection appeared first on Massachusetts Real Estate Exposure.

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Foreign Buyers Own 1 In 10 Recently Built Condos In Canada, 1 In 20 Homes In Total

Better Dwelling

Canadian real estate might have a lot more foreign owners than previously thought. Diving through Statistics Canada (Stat Can) data, we found non-resident participation in homeownership soared in 2020. Non-resident buyers have a small share in property transfer records, but foreign capital is pouring in. In the four provinces tracked, about 1 in 10 recently […].

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Introducing Pantone’s 2022 Color of the Year | A Conversation with Leatrice Eiseman

Sotheby's International Real Estate

Photo Courtesy of Leatrice Eiseman. Pantone’s Color of the Year is a highly anticipated announcement for design aficionados and consumers alike, and the color institute’s heralded shade for 2022 is Very Peri—a blue hue with warm red undertones that “encourages personal inventiveness and creativity”. As expected, there are many factors at play when making this selection.

Design 138
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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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Existing Home Sales Strongest Since 2006 Despite Supply Limits

Eye on Housing

Fueled by low mortgage interest rates and strong demand, annual existing home sales reached 15-year high in 2021, according to the National Association of Realtors (NAR). However, supply has continued to lag due to ongoing supply-chain disruptions and inventory fell to lowest level since January 1999, keeping home prices elevated and pricing out first-time and young buyers.

Sales 129
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The 12 Huge Design Trends You’ll See Everywhere in 2022

Realtor.com

Getty Images So far, the start of 2022 has given us a heavy dose of deja vu. The COVID-19 pandemic continues to rage on. Mask mandates have returned. “Joe Millionaire” is back on TV. (We did a double take, too.). With everything seeming bleakly the same, it makes sense that you might want to make something in your life look different—even if the world outside continues to feel rote.

Design 128
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FinLedger doubles down on proptech, partners with Tech Nest podcast

Housing Wire

Since its launch in August 2020, FinLedger has kept its pulse on the explosive and expansive sector of financial technology for thousands of readers. And now we’re ready for the next stage of FinLedger’s growth. As part of HW Media’s vision to cover All Things Housing, FinLedger will narrow its focus to proptech coverage, doubling down on a category of fintech that attracted $32 billion in investment in 2021 and yet is oft-overlooked by newsrooms.

Staging 512
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6 Mortgage Mistakes to Avoid

Realty Biz

For most people, buying a home is the largest financial decision they’ll make in their lifetimes. It’s not a deal easily undone once the final papers are signed, so it makes sense to understand the ins and outs of mortgages before taking the leap into homeownership. Here are six mortgage mistakes to avoid (and what to do instead). 1. Draining Cash Reserves for a Down Payment.

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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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BC Is Now Subsidizing Property Taxes For Homes Worth Up To $2 Million

Better Dwelling

Canada’s most expensive province is finally giving hard-hit millionaire homeowners some help. The Government of British Columbia (GBC) raised the threshold for its Home Owner Grant. A primary residence worth up to nearly $2 million is eligible for the property tax rebate. Programs like this are usually for low-income households, not millionaire homeowners.

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Keeping it Reel: 5 Fantastic Home Theaters

Sotheby's International Real Estate

With specially chosen lighting, top-tier sound systems, and comfortable oversized seats, these home theaters make private viewing a pleasure. Classical Luxury in Los Angeles. Los Angeles, California | Tracey D. Clarke & John Giddins, Sotheby’s International Realty – Sunset Strip Brokerage. Traditional in style and filled with natural light, this wonderful 5,580-square-foot home is secluded at the end of a long gated drive on 1.14 parklike acres.

Brokerage 138
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Impacts of Rising New Home Costs

Eye on Housing

Only 15% of buyers were looking for a newly-built home at the start of 2018, but that share shot up to 42% by the final quarter of 2020 (after the start of the pandemic). Since then, however, interest for new construction has fallen steadily, as costs for building materials – especially lumber – have experienced double-digit growth. By the final.

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The Weeksville Heritage Center Looks to the Future With a Focus on Art and Community

Brownstoner

In 2019, the Weeksville Heritage Center was in danger of closing. Situated on land that was once part of one of the largest free black communities in the United States in the nineteenth century, the institution was in trouble due to rising operating costs and issues with fundraising. Through crowdfunding,… Read More > The post The Weeksville Heritage Center Looks to the Future With a Focus on Art and Community appeared first on Brownstoner.

Land 126
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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.