September, 2021

Homeowners gain $2.9 trillion in equity in Q2 2021

Housing Wire

Homeowners with mortgages gained $2.9 trillion in equity in the second quarter of 2021, a 29.3% year-over-year increase, according to a new report by CoreLogic released Wednesday. This marks an average gain of $51,500(!) per borrower since the second quarter of 2020.

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Two Reasons Why Waiting a Year To Buy Could Cost You

Keeping Current Matters

If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home.

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Mortgage Refinancing Activity Tapers in Latest Month

Eyes on Housing

The last four weeks’ mortgage purchasing and refinancing activities, as reflected in the Mortgage Bankers Association’s (MBA) latest weekly application surveys, shows a general withdrawal of refinancing and a very slight increase in purchasing from the prior month.

Buying a Home With Your Partner? Watch Out for These Common Disagreements

Lighter Side of Real Estate

Buying a home together is a major step for any couple. And while it’s an exciting step, it can also be a stressful one—particularly if there are things you and your partner just don’t agree on. But what, exactly, might you disagree on as you search for your dream home?

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The Only Business Plan You'll Ever Need in Real Estate

Overthinking your business plan? The old and tired process of building a 12-month business plan simply doesn’t make sense for the modern real estate business. Learn how to build one that will help you keep on track, stay nimble, and close more deals in 2022.

What not to do before buying a house: 7 Mistakes to avoid

The Mortgage Report

Here are 7 things you should never do before buying a house. Follow these best practices to give yourself the best shot at mortgage approval and a low rate. Buying a home First-Time Home Buyers

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End of forbearance programs won’t result in housing crash

Housing Wire

One year ago this month, I coined the term forbearance crash bros , an updated name for the housing bubble boys who never got their housing crash in 2020 so they moved the collapse of housing to 2021.

Don’t Tackle Selling Your Home on Your Own – an Agent Can Help

Keeping Current Matters

If you’re looking to maximize your sale and minimize your effort, you need to work with a real estate professional. In a sellers’ market like today’s, it can be tempting to list your house on your own – known as For Sale By Owner (FSBO).

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Tracking the Geography of Home Building: Housing Affordability Metrics

Eyes on Housing

Housing affordability has gained increased attention in recent quarters due growing home prices and rents.

The Meaning of Active Under Contract Explained

Realty Biz

What is Active Under Contract? In some places, active under contract indicates that a contract has been signed but is contingent on certain conditions being met before the sale is finalized. In other locations, the sale may be referred to as being contingent in the multiple listing service (MLS).

What Agents Should Be Doing Every Day to Succeed With Leads

Top agents do this every day to succeed.do you? It’s all about the follow-up. Top agents shared their perfected processes, and we compiled it into a super easy visual to-do list for Real Estate lead follow up that wins. Get the list now!

How to Prepare for a Home Appraisal: 9 Tips to Maximize Your Home’s Value

Redfin

The home appraisal is your last chance to ensure your home’s value comes in as high as possible, which is especially important since most offers you’ll receive will be contingent on the buyer acquiring financing from a mortgage lender.

21 Questions to Ask a Home Builder When Buying New Construction

Maximum Exposure Real Estate

What to Ask a Home Builder Are you wondering what questions to ask a home builder? The possibility of owning a brand new home has obvious appeal. Many new home buyers can get the home customized, making the property even more desirable.

Red-hot US housing market begins to cool

Housing Wire

Though the demand for homes remained strong across the United States in August, there are clear signs that the housing market is past its peak. A report from residential brokerage Redfin found that pending sales across 400 metro areas were up 6% year over year in the four weeks that ended Sept.

Home Price Appreciation Is Skyrocketing in 2021. What About 2022?

Keeping Current Matters

One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year.

The #1 Reason Why Sales Coaching is Critical to Your 2022 Sales Success

Speaker: Tim Hughes, Co-Founder and CEO of Digital Leadership Associates

Join Tim Hughes, Author of Social Selling – Influencing Buyers and Changemakers and Co-Founder/CEO of Digital Leadership Associates, as he details how investing in sales coaching will teach your team how to navigate social media and therefore create greater sales success.

Share of New Homes With 4 or More Bedrooms Jumped in 2020

Eyes on Housing

The U.S. Census Bureau Survey of Construction’s (SOC) 2020 estimates of the shares of the number of bedrooms in new single-family homes showed a sharp upswing in the percentage of new homes started with 4 or more bedrooms, unlike in prior recent years.

Hard Money Loans – When a Real Estate Investment Needs Fast Financing

Realty Biz

There are many ways to successfully invest in real estate. Hard money lending isn’t heard about as much these days but still has a valuable place in the investing world. Hard money lenders generally don’t value real estate in the same ways as most investors and other real estate professionals.

3 Affordable and Cozy Home Revamp Ideas to Try this Fall

Coldwell Banker

Shorter days and cooler temperatures can only mean one thing: fall is on its way and winter won’t be far behind. So today, we’re dishing up some seasonal interior design tips to help you give your home a cozy, warm vibe just in time for fall (without having to spend big).

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Should You Buy a New Car if You’re Also Thinking About Buying a New Home? You May Want to Wait

Lighter Side of Real Estate

You need a new car. You need a new home. But will buying the former impact your ability to buy the latter?

How Sales Enablement is Supporting Social Selling in 2022

Speaker: Brynne Tillman CEO | LinkedIn Whisperer at Social Sales Link

In this 1-hour session, Brynne Tillman from Social Sales Link will teach you why Sales Enablement teams should own Social Selling

Existing home sales pop the 2021 housing bubble boys

Housing Wire

The National Association of Realtors reported existing home sales for August came in at a very tiny beat of estimates at 5,880,000.

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Is the Number of Homes for Sale Finally Growing?

Keeping Current Matters

An important metric in today’s residential real estate market is the number of homes available for sale. The shortage of available housing inventory is the major reason for the double-digit price appreciation we’ve seen in each of the last two years.

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CPI Growth Slows in August

Eyes on Housing

In August, consumer prices increased at its slowest pace since February 2021. Prices for several travel-related categories declined in August, as the delta variant spreads. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose by 0.3%

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Understanding the CMA – Comparative Market Analysis

Realty Biz

Whether you are a seller, buyer, or investor, the Comparative Market Analysis (CMA) is an essential real estate pricing tool to understand. The basic purpose is to determine the current value of the property that constantly varies based on local market activity.

The Secret to Building Successful Digital Sales Programs in 2022 and Beyond

Speaker: Jordi Gili, International Speaker, Managing Director at Execus, Professor Geneva Business School

In this session Prof. Jordi Gili with the Geneva Business School will share key learnings from digital sales programs and will hint at the Key Performance Indicators that Digital Sales programs should aspire to in 2023.

How Does Climate Change Affect Property Values?

Redfin

Dramatic weather events such as wildfires, flooding, extreme heat, drought, and storms are on the rise all over the world due to climate change. As a result, all of these climate-related events are posing an increasingly large risk to real estate and the housing market here in the U.S.

From Rules to Average HOA Fees: What to Know About Homeowners Associations

HomeLight

Nearly half of all homeowners in the U.S. live in a community with a homeowners association, also known as an HOA. While HOAs come with a number of benefits, they also come with fees and guidelines residents need to follow. The percentage of people living by the rules of an HOA continues to grow.

Mortgage rates stuck in a rut at 2.87%

Housing Wire

The average 30-year fixed-rate mortgage was flat at 2.87% for the week ending in Sept. 2, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates also held steady at 2.87%.

As Home Equity Rises, So Does Your Wealth

Keeping Current Matters

Homeownership is still a crucial part of the American dream. For those people who own a home (and those looking to buy one), it’s clear that being a homeowner has considerable benefits both emotionally and financially.

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