March, 2022

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What You Can Expect from the Spring Housing Market

Keeping Current Matters

As the spring housing market kicks off, you likely want to know what you can expect this season when it comes to buying or selling a house.

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Mortgage rates reach highest level since 2018

Housing Wire

Mortgage rates keep climbing amid rising inflation , war in Ukraine, and disruptions to the supply chain, and there’s no sign that they’ll fall anytime soon. The latest weekly Freddie Mac PMMS mortgage survey, released Thursday, showed that the average purchase mortgage rate touched 4.67%, up 25 basis points from the week prior. That was the highest reading since December 2018, according to Freddie Mac.

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What First-Time Home Buyers Really Want

Eye on Housing

Among first-time home buyers, a laundry room ranked as the most popular of the more than 200 home and community features listed in the recent NAHB study, What Home Buyers Really Want, 2021 Edition. The study is based on a nationwide survey of 3,247 recent and prospective home buyers, including 541 who bought, or were about to buy, their first.

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3 Signs That You Should Keep Calm and Call on…Your Buyer’s Agent

Lighter Side of Real Estate

When you’re on the hunt for a house, you’re glued to the Internet, scrolling every listing site you can to make sure you aren’t missing anything. The Internet has certainly made it easier than it used to be to make sure you weren’t missing out on the house of your dreams. But you probably also keep your eyes peeled and ears perked for any word of a listing that may not have been listed on the MLS or any real estate site you browse.

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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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It’s Easy Being Green: 5 Homes That Will Make You Green with Envy

Sotheby's International Real Estate

Green is a soothing, refreshing hue that brings to mind lush lawns, leafy groves, and idyllic forests. It fills any space with cheer, optimism, and a reminder that spring and summer are right around the corner. Stylish Hideaway in Sonoma. Sonoma, California | Jennifer Powers, Sotheby’s International Realty – Wine Country – Sonoma Brokerage. Blocks from the Sonoma Plaza, this charming three-bedroom home is enveloped in greenery and has an open floor plan ideal for entertaining.

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Unsolved Mysteries: 9 Ways to Find the History of a Property Online

HomeLight

Amna Shamim contributed research and writing to the most recent version of this story. You fell head-over-heels the moment you laid eyes on the perfectly landscaped house of your dreams. It’s for sale — and you just so happen to be in the market to buy. However, you’ve heard rumors about the house’s past. Maybe something bad happened there once?

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The housing market is now savagely unhealthy

Housing Wire

The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 million. This level is still within my 2022 forecast sales range between 5.74 million and 6.16 million. Last year I discussed sales levels coming back down to 5.84 million and I am looking for more of the same in 2022, at the 5.74 million level.

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In the Bath, First-Time Buyers Really Want Both a Shower & Tub

Eye on Housing

Among first-time buyers, both a shower stall and tub in the primary bath ranked as the most popular of the 18 bathroom features listed in the NAHB study, What Home Buyers Really Want, 2021 Edition. The study asked first-time, as well as repeat, home buyers to rate the kitchen features on the following, four-tier scale (which emphasizes how a feature.

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How Does an Appraisal Gap Coverage Clause Work

Realty Biz

The Appraisal Gap Coverage Guarantee Explained. In the current real estate market, many property buyers choose to finance their purchases. This is due to the mortgage interest rates that are low and have been that way for quite a while. However, with the current market heavily favoring sellers, quite a few buyers who would otherwise be taking out a mortgage are paying cash.

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Inside a Blufftop Malibu Haven

Sotheby's International Real Estate

On the coast of the Pacific Ocean along iconic Highway One, Malibu has earned legendary status among American beach towns, known as it is for its long stretches of sunny sandy beach, surf-friendly waves, and picture-perfect sunsets. High in the bluffs of Malibu’s Paradise Cove Beach, this extraordinary residence on 6.62 acres enjoys 339 feet of private beach frontage and unparalleled panoramas that encompass Palos Verdes, Point Dume, Catalina Island, and the area’s celebrated blue skies.

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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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How to Buy and Sell a Home at The Same Time

Maximum Exposure Real Estate

Tips to Buy and Sell Houses Simultaneously Are you wondering how to buy and sell a house at the same time? You are not alone, as many folks ask real estate agents how to pull off the house buy and sell simultaneously. It’s not like you buy and sell houses every day, so a reasonable […]. The post How to Buy and Sell a Home at The Same Time appeared first on Maximum Real Estate Exposure.

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Blockchain has the potential to change the real estate industry

Real Trends

Cryptocurrency and the future of payments continue making headlines in 2022. From the everyday person selling a condo as an NFT (non-fungible token) to Warren Buffet investing $1 billion in a crypto-friendly bank , it’s clear that blockchain technology, tokenization and digital assets are here to stay. To some, blockchain real estate may sound just as bizarre as meme coins (such as Shiba Inu or Dogecoin) or Pringles’ new flavor NFT.

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Is the Dallas Fed right to label this a housing bubble?

Housing Wire

Are we headed to a housing bubble? The Dallas Fed on Thursday published an article titled: Real-Time Market Monitoring Finds Signs Of a Brewing U.S. Housing Bubble. The online reaction was immediate — housing must be about to crash. I disagree with this conclusion. That’s not to say that the data points the Fed used are incorrect — in fact, we are in a savagely unhealthy housing market , but it’s not a bubble.

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Increasing Open Jobs in Construction

Eye on Housing

The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs increased for the month to 380,000 unfilled positions in January. The highest measure in the history of the data series (going back to late 2000) was 416,000 in April 2019. The housing market remains underbuilt and requires.

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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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8 Ways Home Buyers Can Get Their Offer Accepted

Realty Biz

Do you want to increase your odds of getting an offer accepted on a home? If you are trying to buy a home in a seller’s market, offering the asking price may not be enough. With more competition from buyers, the seller has more options, and you will need to do more to get the house you want. Getting a house under contract is challenging, with bidding wars becoming the norm and not the exception.

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Inside an Enchanting California Tudor

Sotheby's International Real Estate

At first blush, this elegant Tudor-style residence could easily be mistaken for an enchanting Old World manor in the European countryside. Notwithstanding its stateside location in the charming East Bay community of Piedmont—a short drive from San Francisco—it is, in fact, quite grand, offering some 9,928 square feet of generously proportioned living and entertaining spaces replete with ornate traditional details.

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Tax Deductions For Homeowners: Breaks and Benefits Explained

Maximum Exposure Real Estate

Homeowners Tax Deductions to Remember Do you know what is tax deductible when buying a house? Are you looking to find out the tax credits for homeowners? Tax season is an excellent time to be a homeowner. Unlike renters, you get to take advantage of some tax breaks geared towards homeowners – tax benefits that […]. The post Tax Deductions For Homeowners: Breaks and Benefits Explained appeared first on Maximum Real Estate Exposure.

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Quit discouraging the next generation of real estate agents

The American Genius for Real Estate

(EDITORIAL) It has become predictable that real estate agents will discourage the next generation - here's why it happens and how we can collectively stop this ignorant behavior. The post Quit discouraging the next generation of real estate agents appeared first on The American Genius Real Estate.

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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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Homebuyers are really beginning to feel the squeeze

Housing Wire

The one-two punch of higher mortgage rates and escalating home prices reduced homebuyers ’ ability to buy homes in February. The trend is also likely to worsen in the coming months. The national median monthly mortgage payment settled in loan applications increased 8.3%, from $1,526 in January to $1,653 in February, according to a survey published Thursday by the Mortgage Bankers Association.

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Building Materials Prices Increase Slightly, Held in Check by Metal, Gypsum, and Concrete Products

Eye on Housing

The prices of goods used in residential construction ex-energy climbed 1.6% in February (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Building materials prices increased 20.4%, year-over-year, and have risen 31.3% since January 2020. Over the past five months, the index has climbed 10.6%.

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4 Reasons Nashville Is One Of The Best Real Estate Markets in 2022

Realty Biz

When you think of Nashville, you generally think of Music City, Broadway, and honkey-tonks. Unless you’ve been paying close attention over the past few years, you probably wouldn’t think of Nashville as one of the top real estate markets in the US. Believe it or not, Nashville experienced the 6th largest increase in median home price out of the top 100 metros over the past year.

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Life Is a Highway: 4 Homes for Car Collectors

Sotheby's International Real Estate

Whether they prefer rare antiques, rugged muscle cars, peppy speedsters, or luxurious sedans, any auto enthusiast will appreciate these estates for their generous garages and spacious motor courts. Historic Santa Fe Estate. Santa Fe, New Mexico | Ashley Margetson, Sotheby’s International Realty – Santa Fe – Main Downtown Brokerage. This significant Santa Fe property, dating to 1935, has been lovingly expanded, creatively reimagined, and exquisitely finished with every comfort and amenity e

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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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Selling Soon? Here’s a Home Feature That Will Appeal to Many Buyers

Lighter Side of Real Estate

People who are thinking of selling their house often wonder what they can do to increase the appeal of their house so that they can get their home sold for as much money as possible and as quickly as possible. Many think that updating their kitchen or bathrooms, or even adding an addition will do the trick. In a sense, they will. If you do a major renovation or addition, it’ll surely increase how much your house will sell for, and there’s a good chance it’ll sell more quickly if you do substanti

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San Diego Case-Shiller Index, January

BubbleInfo

The prognosticators said prices would soften in 2022, but instead they have ‘reaccelerated’ Now the guessers are expecting the higher mortgage rates to slow down the runaway train – see below. San Diego Non-Seasonally-Adjusted CSI changes Observation Month SD CSI M-o-M chg Y-o-Y chg Jan ’20 264.04 +0.2% +5.1% Feb 265.34 +0.5% +4.6% Mar 269.63 […].

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Mortgage rates soar to 4.42% following rate hike

Housing Wire

The rollercoaster is still climbing. Mortgage rates are approaching 4.5%, a level economists forecasted would not be reached until the tail end of 2022. And there’s good reason to believe mortgage rates will be in the 5% range before too long. According to data from Freddie Mac ‘s PMMS survey, mortgage rates on the traditional 30-year fixed-rate mortgage jumped 26 basis points to 4.42% this week, with increases across all loan types.

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Steady Number of Open Construction Jobs

Eye on Housing

The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs remained steady at 381,000 unfilled positions in February. The highest measure in the history of the data series (going back to late 2000) was 416,000 in April 2019.

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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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5 ways AI can help home buyers find the perfect home

Realty Biz

From self-driving cars to advanced medical diagnosis, artificial intelligence (AI) has transformed our lives. Even in the entertainment industry, we have already seen preference-based AI algorithms be hugely successful like in Netflix and Amazon. A growing number of real estate companies are already incorporating artificial intelligence into the buying, selling, and mortgage processes to make real estate more efficient.

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Inside a Delightful Greenwich Retreat

Sotheby's International Real Estate

Once an idyllic rural farming region, the Round Hill area of Greenwich has roots dating to the 17th century, when Dutch and English settlers moved inland from the coast or retreated from the bustle of the burgeoning city of New York—then known as New Amsterdam. As the years passed, farming continued, with some properties ultimately converted into residential country estates.

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Heights Brownstone With Waterfront Views, Elevator, Rare Garage Asks a Cool $17.777 Million

Brownstoner

It reportedly broke the million dollar mark for the neighborhood the last time it sold in 1986 and while it isn't priced to break a record this time, this Brooklyn Heights brownstone still comes with a hefty asking price. In addition to a lavish interior with an elevator, wine cellar… Read More > The post Heights Brownstone With Waterfront Views, Elevator, Rare Garage Asks a Cool $17.777 Million appeared first on Brownstoner.

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Finding a Home Can Be a Challenge. We’ve Rounded up 6 Ways to Find a Home off the Beaten Path

HomeLight

“Two roads diverged in a wood, and I —. I took the one less traveled by, And that has made all the difference.” ~ Robert Frost, “The Road Not Taken”. While Frost probably wasn’t talking about his search for a new home, this excerpt from the poem “The Road Not Taken” can certainly apply to a home search. While you’ve probably searched for homes on Zillow or maybe even called the number on a “for sale” sign, have you ever scouted haunted houses or scoured DOT listings?

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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.