May, 2021

April housing starts drop 13.4% from March

Housing Wire

Skyrocketing prices for lumber, appliances and other building materials continue to handcuff new housing starts all over the country. Single-family housing starts in April dropped 13.4% from March to a rate of 1.09 million, according to the most recent study from the U.S. Census Bureau.

3 Graphs Showing Why You Should Sell Your House Now

Keeping Current Matters

There’s no doubt that 2021 is the year of the seller when it comes to the housing market. If you’re a homeowner thinking of moving to better suit your changing needs, now is the perfect time to do so.

Sales 268
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Record Numbers of Builders Report Material Shortages

Eyes on Housing

Shortages of materials are now more widespread than at any at any time since NAHB began tracking the issue on a regular basis in the 1990s, in is survey for the NAHB/Wells Fargo Housing Market Index (HMI).

[Podcast] Masters In Business: Jonathan Miller on the Real Estate Industry

Miller Samuel

This is my fourth appearance with my friend Barry Ritholtz, a prolific columnist/blogger, radio show host/podcaster , and wealth management firm head on his Masters In Business show for Bloomberg Radio. He previously interviewed me in 2014 , 2016 and 2020.

Millennials are Determined and Prices are Soaring: The Step-by-Step Formula for Closing More Sales to Millennial Buyers Fast!

Speaker: Paul Moya - CEO, Millennial Labs, and The Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World

Join Paul Moya, CEO of Millennial Labs and the Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World, as he shares insights and information about the importance of understanding a buyer and how their needs change with each generation.

Property sale in Rhode Island first in the nation to be paid in Dogecoin

Inman

Century 21 agent Kyle Seyboth said many real estate investors are using cryptocurrency as a means of offsetting some of the challenges they're facing due to low inventory.

Sales 167

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Existing home sales data: A bad sign for housing market?

Housing Wire

According to the National Association of Realtors, existing home sales for April’s housing market came in at 5,8500,000. This was a miss from estimates and the third straight month of declines in sales.

Sales 426

Why Waiting to Buy a Home Could Cost You a Small Fortune

Keeping Current Matters

Many people are sitting on the fence trying to decide if now’s the time to buy a home. Some are renters who have a strong desire to become homeowners but are unsure if buying right now makes sense. Others may be homeowners who are realizing that their current home no longer fits their changing needs.

Median Age of Construction Workforce

Eyes on Housing

NAHB analysis of the most recent 2019 American Community Survey (ACS) data reveals that the median age of construction workers is 41, the same as a typical worker in the national labor force.

No Diversity: 96.5% Of U.S. Appraisers Are White

Miller Samuel

Over the past year, beginning with this NY Times piece: Black Homeowners Face Discrimination in Appraisals that initiated a rising progression of news stories covering discrimination in the appraisal of houses. So I looked at U.S. labor force data from the U.S.

Reimagining How Construction Companies Capture Progress Tracking

Speaker: Felipe Engineer-Manriquez, Christopher Gagliardi, George Hedley, and Jason Nichols

Join our esteemed panelists for their discussion on the importance of progress tracking which ultimately touches upon every digital aspect within the construction cycle. Our thought-leaders' years of experience on the job sites can help you build a better future at your company.

How do you know you’re affiliated with the right brand?

Inman

Does your brand offer the tools, resources, and support you need for sustainable business growth, professional development and personal well-being? Consider these questions to determine if it’s supporting you holistically. Agent Sponsored How do you know you’re affiliated with the right brand?

First-Time Homebuyer Loans & Programs

Point2Homes

Image: William Potter / Shutterstock.com. Buying a home might seem simple, but there’s actually a lot more involved than you might initially think. For instance, in addition to a variety of new terms to understand, there’s also paperwork to complete and fees to pay before closing on your new home.

Loans 114

Generation X is looking to move to these metros

Housing Wire

In the last few years, there’s been a lot of conversation surrounding 25 to 40-year-olds and their home purchasing habits. But according to a new LendingTree study , millennials aren’t the only ones making big purchases – Generation X is doing the same.

3 Things To Prioritize When Selling Your House

Keeping Current Matters

Today’s housing market is full of unprecedented opportunities. High buyer demand paired with record-low housing inventory is creating the ultimate sellers’ market , which means it’s a fantastic time to sell your house. However, that doesn’t mean sellers are guaranteed success no matter what.

Building Materials Prices Continue to Set Record Highs

Eyes on Housing

Prices paid for goods used in residential construction ex-energy rose 1.7% in April (not seasonally adjusted) and have increased 12.4% over the past 12 months, according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Building materials (i.e.,

5 Things Your Real Estate Website Should Have

RIS Media

When having a website, there are a few elements that you should have in place to generate leads. Not only should your SEO be on point, but your site should be easy to use and have the right content. Neighborhoods.

MLS 113

5 reasons buying sight unseen isn’t as risky as you think

Inman

Homes.com conducted a survey of 1,500 visitors that discovered 42 percent of buyers are willing to buy a home sight unseen. Here's why that number shouldn't surprise you.

What to Know About a Property Survey: See Why They’re Important

Realty Biz

How Do Land Surveys Work? Are you in need of getting a land survey done? You might have never thought about ever needing a land survey until recently. Is this something people need to go through? No, this is not a compulsory step. However, it is a beneficial, even money-saving, step.

Land 111

Is housing market demand starting to weaken?

Housing Wire

Nearly 50% of homes sold for more than their list price during the four weeks ending May 16, but there are signs that housing market demand may be reaching its peak, according to a recent study from Redfin.

4 Big Incentives for Homeowners to Sell Now

Keeping Current Matters

The housing market keeps sailing along. The only headwind that could take it off course is the lack of inventory for sale. The National Association of Realtors (NAR) reports that there were 410,000 fewer single-family homes for sale this March than in March of 2020.

Sales 251

47% of Home Buyers Want an Exercise Room

Eyes on Housing

NAHB’s latest survey on consumer preferences – What Home Buyers Really Want – asked recent and prospective buyers about the desirability of an exercise room in the home. Results show that 47% of buyers rate an exercise room essential or desirable.

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Achieving Balanced Social Media Content

RIS Media

Employ a Purposeful and Productive Strategy Through 4 Main Content Categories. No matter what social media platforms you engage in…and hopefully there are several…you likely face the same dilemma that most other teams face: What should you post, and how often should you do it?

Land 112

RE/MAX sees small revenue bump, but adds lots of agents in Q1

Inman

RE/MAX announced Thursday that it saw a modest increase in revenues during the first quarter of 2021, and that it also added more than 8,000 agents between January and March — more than during any quarter in the last decade.

Agents 160

Realogy’s Sherry Chris Shares Her Real Estate Marketing Insight

Realty Biz

If there is one thing in this world that remains certain, it’s the fact that legends are busy and difficult to catch up with. Fortunately, even in a worldwide pandemic and cataclysm, many times we find even the most famous and influential leaders are a lot more accessible than we think.

Navigating appraisal challenges in today’s housing market

Housing Wire

The booming real estate market has created a high demand for appraisal services. This is good news for lenders, but it puts a tremendous amount of pressure on appraisers who have to be diligent in their work, while also meeting closing dates.

Are Interest Rates Expected to Rise Over the Next Year?

Keeping Current Matters

So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there’s a good chance rates will increase later this year and going into 2022, ultimately making it more expensive to borrow money for a home loan.

Regulation Now Accounts for $93,870 of the Average New Home Price

Eyes on Housing

A new NAHB study shows that, on average, regulations imposed by government at all levels account for $93,870 of the final price of a new single-family home built for sale.

Who qualifies as a first-time home buyer?

The Mortgage Report

Who qualifies as a first-time home buyer? It's not always straightforward. You might qualify, even if you've previously owned a home.

A national home value downturn isn’t in our future. Here’s why

Inman

Windermere Chief Economist Matthew Gardner dives deeper into the timeline of events that led to the 2007 crash, comparing then and now. Here's why he speculates there's no real reason to expect a widespread, systematic decline in home prices in the foreseeable future.

Sales 157

House Hacking: 7 Ways to Live for Free

Realty Biz

Free housing seem too good to be true? Not necessarily. There are many ways to have your housing costs covered by others by a system known as house hacking. Wave goodbye to the stress of paying your rent or mortgage in full and on time every month.