February, 2022

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4 Simple Graphs Showing Why This Is Not a Housing Bubble

Keeping Current Matters

A recent survey revealed that many consumers believe there’s a housing bubble beginning to form.

Marketing 250
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“It’s crazy”: Homebuilders big and small struggle to finish projects

Housing Wire

homebuilder, housing starts, lumber, builders, builder confidence, construction. Nate Noel’s problem isn’t a lack of work. It’s everything else. “I used to be able to get guys no problem, but now I am bidding on guys and having to raise pay in order to keep the guys I already have, which is just continually raising my costs,” said Noel, the president of HNN Builders , a custom homebuilder in the Chicago area.

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Led by Lumber and Paint, Building Materials Prices Jump in January

Eye on Housing

The prices of goods used in residential construction ex-energy climbed 3.6% in January (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The index was led higher by a 25.4% jump in softwood lumber prices and 9.0% price increases for indoor and outdoor paint. Building materials prices increased 20.3%, year-over-year, and have.

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Canada’s Real Estate Bubble Has Grown Over 800% Faster Than US Home Prices

Better Dwelling

Canadian real estate prices are some of the fastest growing in the world, and have been for some time. The US Federal Reserve (the Fed) updated its real home price index for Q3 2021. All G7 countries are seeing home price growth, but nowhere is quite like Canada. In Canada, real estate prices have grown […]. The post Canada’s Real Estate Bubble Has Grown Over 800% Faster Than US Home Prices appeared first on Better Dwelling.

Mortgages 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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Pack Your Bags: We’re Moving To Calgary!

Toronto Realty Blog

TorontoRealtyBlog. What’s the best film trilogy of all time? Many of you are going to say Lord of The Rings , and that’s fair, although I consider that to be the same movie divided into three. And that’s unfair of me to say, since I only saw the first film (and didn’t like it), and I also don’t support the “fantasy” genre.

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Want Top Dollar for Your House? Now’s the Time To List It.

Keeping Current Matters

When you’re selling any item, you usually want to sell it for the greatest profit possible.

Marketing 252
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Ukraine conflict could lead to lower mortgage rates in short-term

Housing Wire

Stocks fell Thursday as Russian troops launched a full-scale attack in Ukraine, and at least in the short-term, the turmoil could lower mortgage rates in the U.S. During large-scale disruptions, investors often flee to safer options, such as U.S. Treasury notes, bonds and mortgage-backed securities. All things being equal, that dynamic tends to put downward pressure on mortgage rates.

Mortgages 464
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America’s racial homeownership gaps remain focus of the present and future

The American Genius for Real Estate

NAR CEO Bob Goldberg calls the racial homeownership gaps "the most consequential civil rights issue of our day" in this editorial. The post America’s racial homeownership gaps remain focus of the present and future appeared first on The American Genius Real Estate.

Equity 134
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11 Charities and Organizations That Do Donation Pickups For Free

Maximum Exposure Real Estate

Donate to Charity Are you in the process of selling your home? Do you need a donation pick-up? Maybe you are trying to eliminate the clutter that will make your property far more salable? Could you be trying to downsize, or perhaps try to clear out some room for things that fit your current lifestyle […]. The post 11 Charities and Organizations That Do Donation Pickups For Free appeared first on Massachusetts Real Estate Exposure.

Marketing 128
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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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Weeksville’s Long Awaited ‘In Pursuit of Freedom’ Exhibit Set to Open During Black History Month

Brownstoner

It has been years in the making, and this weekend as tours of Weeksville's historic Hunterfly houses resume, visitors will be able to get a glimpse of the completed 'In Pursuit of Freedom' exhibit. Set inside the only reproduction house amidst the row of original 19th century dwellings that are… Read More > The post Weeksville’s Long Awaited ‘In Pursuit of Freedom’ Exhibit Set to Open During Black History Month appeared first on Brownstoner.

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Inside La Dune, One of Southampton’s Finest Oceanfront Estates

Sotheby's International Real Estate

Lined with grand coastal getaways, Southampton’s Gin Lane dates to the days of America’s Gilded Age, when prominent families began building summer homes on Long Island in order to escape the city and enjoy the refreshing Atlantic waves. Widely considered the finest oceanfront estate in the area, this impressive property—whose history involves legendary architect Stanford White—recalls the refinement of a bygone era while exuding sophisticated modern seaside style.

Brokerage 134
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Lumber Prices in 2020 and 2021 Set Record Highs Even When Adjusted for Inflation

Eye on Housing

Most analyses of lumber price trends and levels fail to account for inflation because the price data for softwood lumber used in framing applications is generally quoted using the Random Lengths Framing Lumber Composite Price or lumber futures prices–neither of which is inflation-adjusted.

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Santander Bank to stop originating mortgages in the United States

Housing Wire

Amid higher rates, lower volumes, and fiercer competition , Santander Bank decided it will stop originating residential mortgages and home equity loans in the United States. On Wednesday, the bank announced that it will consider applications for residential mortgage or home equity line of credit (HELOC) on the portal EZApply only until Feb. 11. The Spanish bank said it will continue to service current loans and honor pending borrowers’ applications.

Banks 433
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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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Ellen DeGeneres Buys Breathtaking Montecito Villa for $21 Million

Fancy Pants Homes

Prolific property flipper Ellen DeGeneres just added another striking Montecito mansion to her real estate portfolio. According to Dirt.com , the talk show host spent a whopping $21 million to acquire Villa Tragara, a Moorish-style estate with Spanish and Italianate influences built by TV commercials director Kinka Usher. And if you think that’s a hefty price to pay, know that the villa was initially listed for $35 million.

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Real Estate Terminology and Lingo You Should Know When Buying or Selling

Maximum Exposure Real Estate

Real Estate Terms You Need to Know Whether you are buying or selling, if you plan to make a real estate transaction, you will run into real estate terminology and definitions you are unfamiliar with. To make things a little easier, we’ve put together a list of standard real estate terms – and not-so-common words […]. The post Real Estate Terminology and Lingo You Should Know When Buying or Selling appeared first on Maximum Real Estate Exposure.

Marketing 123
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Does Days on Market (DOM) Matter in Real Estate

Realty Biz

What is DOM? Days on Market, also known as DOM, is a widespread commercial term, which applies to all markets and products, be it a cake, a pair of shoes, or a real estate item. This concept has everything to do with the idea of “freshness” or actuality that any type of product has on a specific market. After a particular moment in time, any of these products becomes stale.

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Inside a Pacific Heights Penthouse

Sotheby's International Real Estate

Long one of San Francisco’s most coveted neighborhoods, prestigious Pacific Heights is celebrated for its verdant parks, the famed Lyon Street Stairs, and popular boutiques and cafés—but it is perhaps most widely admired for its historic, architecturally significant estates with manicured lawns and sweeping picturesque vistas of the bay. San Francisco, California | Gregg Lynn, Sotheby’s International Realty – San Francisco Brokerage.

Brokerage 128
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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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Canadian Real Estate Resembles 80s Bubble, Higher Rates To Solve Supply Issue: BMO

Better Dwelling

Canada’s oldest bank sees today’s real estate markets having a lot in common with the late 1980s bubble. In a research note to its financial markets customers, the Bank of Montreal (BMO) highlights the similar trajectory homes have made. A similar event that slowed home price growth during that period is approaching — higher interest […].

Banks 126
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Opendoor loses more money than Zillow in 2021

Housing Wire

Zillow has been pilloried for diving headfirst into iBuying only to announce the money-losing enterprise’s demise in November. Meanwhile, Opendoor , the OG of an iBuying company with a national presence and patina of technological prowess, was upheld as doing things right. “If you read our SPAC filings,” Opendoor co-founder Keith Rabois, who is no longer part of company leadership, tweeted in November , “We explained how our algorithms actually work vs.

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Top 8 Renovations to Increase Home Value in 2022: Offices and Outdoors Rank High

HomeLight

The pandemic cast our homes in a whole new light and subsequently shifted which renovations increase home value. Our abodes are now places to relax and recharge one moment, work without commuting to the office the next, and “vacation” without leaving town when needed. Kitchens and baths still matter to buyers, but now a home office and outdoor entertainment rival these spaces in importance.

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How to Deal With Bad Neighbors When Selling a Home

Maximum Exposure Real Estate

Tips on How to Deal With Bad Neighbors Do you want to know how to deal with toxic neighbors? Selling your home can be challenging, even in the best circumstances. There is just a lot of work involved in selling. So even if you do everything correctly and a buyer arrives on your doorstep the […]. The post How to Deal With Bad Neighbors When Selling a Home appeared first on Massachusetts Real Estate Exposure.

Marketing 123
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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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NAHB 2022 “Priced Out” Estimates

Eye on Housing

NAHB recently released its 2022 priced out estimates, showing how higher prices and interest rates affect housing affordability. The new estimates show that 87.5 million households (roughly 69 percent of all U.S. households) are not able to afford a new median priced new home in 2022, meaning their incomes are insufficient to qualify for a mortgage under standard underwriting criteria. .

Mortgages 126
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Inside a Japanese-Inspired Wine Country Compound

Sotheby's International Real Estate

In Japanese, the word amaya is written with characters that mean “heavenly valley.” Fittingly, the striking Japanese-inspired contemporary estate known as Amaya, occupies some 41 hillside acres in Northern California’s wine country. Dramatic vistas of deep verdant valleys, vineyard-speckled mountains, and a rare north-end view of the serene Lake Hennessey can be observed from nearly every pocket of the generous property.

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Why the phrase ‘starter home’ is overrated and overused

The American Genius for Real Estate

(HOMEOWNERSHIP) You see the term in the MLS for fixer uppers, you hear it when Realtors are working with first time buyers. But the term "starter home" shouldn't be in anyone's vocabulary. Here's why. The post Why the phrase ‘starter home’ is overrated and overused appeared first on The American Genius Real Estate.

MLS 119
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Mortgage rates jump to 3.92% amid high inflation

Housing Wire

The average 30-year-fixed rate mortgage climbed to 3.92% for the week ending Feb. 17, up 23 basis points from the previous week. It’s the highest level since May 2019, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.81%. The PMMS report is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit.

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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.