May, 2021

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.

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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.

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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.

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.

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4 Essential Steps for Winning With Buyers and Builders

RIS Media

New home construction is an appealing option for many buyers, particularly those who have grown tired of being outbid in multiple offer situations. However, when buyers pivot to newly built homes, they also risk giving up their right to representation.

More Trending

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.

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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.,

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.

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.

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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.

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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.

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.

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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Discrimination still holding back LGBT homeownership: report

Inman

Many members of the LGBT community report experiencing discrimination, and the homeownership rate for the community is a paltry 49 percent.

Mortgage requirements are loosening for home buyers

The Mortgage Report

Mortgage requirements are easing up. That's good news for home buyers. It may be easier to buy with low credit or a low down payment than it was in 2020. Mortgage News

Rent to Own: What You Need to Know About Renting to Own

Maximum Exposure Real Estate

Rent to Own Homes—The Basics Have you heard about the potential to rent to own? Lots of people wonder how rent-to-own purchases work. You have probably seen advertisements for rent-to-own properties at one time or another.

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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.

Buying a Home Is Still Affordable

Keeping Current Matters

The last year has put emphasis on the importance of one’s home. As a result, some renters are making the jump into homeownership while some homeowners are re-evaluating their current house and considering a move to one that better fits their current lifestyle.

Existing Home Sales Fall for the Third Straight Month

Eyes on Housing

After reaching a record high in October, existing home sales, as reported by the National Association of Realtors (NAR), dropped to a ten-month low in April, as tight inventory continues to limit sales and fuel home price growth.

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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.

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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.

Most Pandemic Buyers Happy With Their Home Purchase and the Process

Lighter Side of Real Estate

Between COVID restrictions, low inventory, and high competition, there’s no denying that the real estate market has been tough for buyers over the past year. But despite those challenges, the majority of buyers are happy with their decision to buy.

Sales 100

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.

Americans See Real Estate as a Better Investment Than Stocks or Gold

Keeping Current Matters

Last month, in a post on the Liberty Street Economics blog, the Federal Reserve Bank of New York noted that Americans believe buying a home is definitely or probably a better investment than buying stocks. Last week, a Gallup Poll reaffirmed those findings.

Prospective Buyers Are Quickly Becoming Active Buyers

Eyes on Housing

Of the 16% of American adults considering a future home purchase in the first quarter of 2021, 63% have moved beyond planning and are actively trying to find one to buy, up from the comparable 49% share a year earlier.

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Mother knows best: 18 real estate moms (and kids) share the secrets to working together

Inman

This Mother’s Day, we asked these powerhouse real estate moms and their children their secrets for working together. Find out their favorite things about being colleagues, the challenges they face, and some of the ways they bring balance to their professional and familial relationships.

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Buying a Condo: What to Know When Purchasing Condos

Maximum Exposure Real Estate

Tips For Trouble-Free Condo Buying Are you thinking about buying a condo? What is the best advice when buying a condominium? Start with understanding right away that it is much different than purchasing a single-family home!

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Three Ways to Upgrade Your Home to Sell

Coldwell Banker

The Power to Transform Your Home: Real estate agents across the nation are leveraging RealVitalize to win listings and add value to their business. The post Three Ways to Upgrade Your Home to Sell appeared first on Coldwell Banker Blue Matter. Selling a Home Uncategorized

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We’ve got rising home prices but no housing crash in sight

Housing Wire

The key to the U.S. getting back on track economically is for its citizens to freely walk the earth again without the existential threat of COVID-19. The U.S. is getting closer and closer to meeting that goal, while other countries are still trying to control the virus.

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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.

Bidding Wars Are Most Common Reason Active Buyers Can’t Make Purchase

Eyes on Housing

An earlier post revealed that 64% of buyers who were actively engaged in the process of finding a home in the first quarter of 2021 have spent upwards of 3 months searching for a home without success.

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Think before you post! The line between funny and unprofessional isn’t so fine

Inman

The real estate business is insane right now. You’ve got frustrated buyers. You’re (rightfully) frustrated — and humor is a great escape. However, it's also rife with danger. Here's why you should think before you post.

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.

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