Real Trends
NOVEMBER 17, 2022
The real estate industry has radically evolved over the past decade, probably changing more in the past 10 years than it had in the preceding 50. Smart real estate agents need to keep up with new trends and strategies , or they risk falling behind the market. Let’s look at some of the most outdated real estate marketing strategies you might still be using — and talk about why you should leave them behind.
Keeping Current Matters
NOVEMBER 1, 2022
While higher mortgage rates are creating affordability challenges for homebuyers this year, there is some good news for those people still looking to buy a home.
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Housing Wire
NOVEMBER 17, 2022
The best way to fight inflation is to add more supply, and when I look at the housing completion data for the past two years, it just makes me want to puke. In previous expansions, builders’ housing completion data would move in line with housing starts and permits. However, for the first time in recent modern-day history — due to supply chain issues and other factors — housing completion data has lagged behind housing permits and starts.
Maximum Exposure Real Estate
NOVEMBER 29, 2022
Top Questions to Ask When Buying a Condominium. The questions to ask when buying a condo found below are something every buyer should consider when purchasing this type of housing. I would be willing to bet that many of these questions are topics that many buyers would have ever thought to ask. Purchasing a condominium […]. The post Questions To Ask Before Buying A Condominium appeared first on Maximum Real Estate Exposure.
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Eye on Housing
NOVEMBER 15, 2022
The prices of building materials decreased 0.2% in October (not seasonally adjusted) following a 0.5% decline in September according to the latest Producer Price Index (PPI) report. The index has decreased four of five months for the first time since 2015. The PPI for goods inputs to residential construction, including energy, was led 0.2% higher by prices of diesel fuel (+9.5%).
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Realty Biz
NOVEMBER 21, 2022
Whether it is rent or mortgage payments, housing is the single biggest chunk of spending for the average consumer. That means housing has an outsize impact on overall inflation from month to month. So, after many months of near-historic levels of inflation and now early indications that inflation is slowing, what might we expect from the relationship between the two over the next several months to a year?
Redfin
NOVEMBER 1, 2022
Winter is approaching, and that means cold days, dark evenings, snow flurries, and staying cozy in your home. But the winter months can wreak havoc on your house. Gusting winds can batter your beautiful plants. A snow or winter ice storm can put stress on your roof. And just a few days of freezing rain can cause serious issues for clogged gutters and downspouts.
Jason Fox
NOVEMBER 23, 2022
3 Easy Marketing Tips To Grow Your Real Estate Business. Realtors are known to wear many hats in order to be successful in selling and listing homes. From negotiations, listings, staging, and closing, it can be hard for Realtors to find the time to market for new clients. While juggling so many different roles is difficult, Realtors to know what marketing is worth their time!
Keeping Current Matters
NOVEMBER 16, 2022
There’s no denying the housing market is undergoing a shift this season, and that may leave you with some questions about whether it still makes sense to sell your house.
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As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.
Maximum Exposure Real Estate
NOVEMBER 30, 2022
Signs Roofing Replacement is Necessary One of the questions that any homeowner should be asking themselves if they have a roof that is getting up in age is, “how do I know if replacement roofing is necessary? For obvious reasons, your roof is one of the most essential parts of your home. Without it, you […]. The post Replacement Roofing: Warning Signs You Need a New Roof appeared first on Maximum Real Estate Exposure.
Housing Wire
NOVEMBER 10, 2022
Finally, some good news: the growth rate of inflation is cooling off for now, and with the CPI inflation report being positive, the 10-year yield fell noticeably, and mortgage rates will fall with that! So, the question is, are we reaching the peak of inflation and close to the end of the Fed rate hike cycle? Let’s take a look at today’s data.
Better Dwelling
NOVEMBER 7, 2022
Many Canadian real estate buyers and investors are struggling with higher interest rates. They got some bad advice, not from a Realtor or mortgage agent, but the Bank of Canada (BoC). In a now infamous address in October 2020, Governor Tiff Macklem assured households that rates would be low for long. Households and businesses are […]. The post Was The Bank of Canada Reckless For Saying Rates Will Be Low Until 2023?
Eye on Housing
NOVEMBER 21, 2022
NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building expanded during the third quarter of 2022 despite broader market weakness. There were 59,000 total custom building starts during the third quarter of the year. This marks a 5% increase compared to the third quarter of 2021 in terms of year-over-year change.
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Realtor.com
NOVEMBER 17, 2022
Getty Images While buying any home is an expensive endeavor these days, buying a brand-new home—where everything is in pristine condition—will understandably cost a bit more. Recent data from the National Association of Home Builders and the U.S. Census Bureau found that the price for a newly built home currently hovers at a national median of $436,800.
Keeping Current Matters
NOVEMBER 2, 2022
As you look ahead to the winter season, you’re likely making plans and thinking about what you want to achieve before the year ends.
Maximum Exposure Real Estate
NOVEMBER 8, 2022
How Do Assessed Value and Market Value Differ? Do you know the difference between assessed value vs. market value? If you think assessed value and market value have any correlation with one another, then you are wrong! You will discover the difference between assessed and fair market real estate values as you read further. Over […]. The post Understanding Property Assessed Values Compared to Market Value appeared first on Maximum Real Estate Exposure.
Housing Wire
NOVEMBER 9, 2022
While mortgage rates are high and economic uncertainty looms, there is good news for borrowers who already have a mortgage and may be looking to tap into their equity. According to Black Knight’s mortgage monitor report, the country’s housing equity position remains strong compared to its position at the beginning of the pandemic, with equity positions $5 trillion, or 46%, above pre-pandemic levels.
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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.
Better Dwelling
NOVEMBER 25, 2022
The outlook for Canadian real estate, and the economy in general, is looking a little less bright. Oxford Economics warned clients this week, that we’re already seeing the early stages of a recession. Higher rates to cool inflation are pushing home prices much lower and prolonging the downturn. High inflation also means a stimulus windfall […].
Eye on Housing
NOVEMBER 1, 2022
Higher interest rates are pricing out some (not all) buyers, but also transforming remaining prospects into active buyers. In the third quarter of 2022, 59% of prospective buyers had moved beyond the planning phase and become fully engaged in the buying process, up from 46% in the first quarter and 49% in the second quarter of the year. The share.
Realty Biz
NOVEMBER 2, 2022
Buying a home is likely the largest purchase you’ll ever make. In today’s competitive housing market, even buyers who saved a hefty down payment might end up paying more for their home than they planned. It’s easy to bust your budget when it comes to a home’s sale price, but many homeowners are surprised by the expenses they'll need at or after closing.
Keeping Current Matters
NOVEMBER 28, 2022
Each year, homeowners planning to make a move are faced with a decision: sell their house during the holidays or wait.
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.
Maximum Exposure Real Estate
NOVEMBER 29, 2022
How to Sell a House With Mold I am selling my home and found mold! Now what? What to do about selling a house with mold is a question real estate agents get quite a bit. The potential is there for mold to be found in almost every home. Where there is any amount of […]. The post Selling A House With Mold: What Does Black Mold Look Like? appeared first on Maximum Real Estate Exposure.
Housing Wire
NOVEMBER 11, 2022
While elevated mortgage rates, sluggish home sales and high inflation have taken a significant toll on the housing industry, it’s unlikely that these issues will cause home prices to drop next year, at least according to National Association of Realtors (NAR) Chief Economist Lawrence Yun. In fact, we may see a further uptick in home prices in 2023, even if mortgage rates stay at or near 7%, Yun said.
Better Dwelling
NOVEMBER 8, 2022
Canadian real estate prices went from the fastest growing to the fastest falling in just a few rate hikes. The US Federal Reserve Bank of Dallas (Dallas Fed) Q2 2022 index of real home prices shows Canada made the biggest drop in the G7. Still, Canada retained gains making it the largest real estate bubble […]. The post Canadian Real Estate Prices Are The Fastest Falling In The G7, US Gets Frothier appeared first on Better Dwelling.
Eye on Housing
NOVEMBER 17, 2022
Single-family built-for-rent construction leveled off during the third quarter of 2022 as the overall housing market slowed. This occurred after an exceptionally strong second quarter for rental housing production. According to NAHB’s analysis of data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, there were approximately 16,000 single-family built-for-rent (SFBFR) starts during the third quarter of 2022.
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.
Real Trends
NOVEMBER 4, 2022
The real estate market is always full of uncertainty, but lately, there have been more significant concerns. After seeing exceptionally low interest rates at the beginning of 2022, they are now more than double. Even though rates are still historically low, they have many would-be buyers and sellers thinking the worst. And despite no conclusive evidence that a crash is imminent, rumors of a crash are circulating nonetheless.
Realtor.com
NOVEMBER 28, 2022
pawel.gaul/iStock The annual percentage rate, or APR, is how much you’ll pay in interest and other fees when borrowing money (e.g., when you get a mortgage loan or a credit card). APR can also be considered the total cost for borrowing money over a one-year period. The “and other fees” clause is key here. When home buyers get a loan, they often obsess over the annual rate alone—say, that 5% extra you’ll pay every year for the life of your $300,000 loan.
Maximum Exposure Real Estate
NOVEMBER 29, 2022
What is an Expired MLS Listing? Have you heard a real estate agent reference an expired listing? You probably wondered what it meant. Expired listings happen when there is no success in selling, and they fall out of the Multiple Listing Service. You will likely sign an exclusive right-to-sell listing agreement when you sell your […]. The post Expired MLS Listing in Real Estate Explained appeared first on Maximum Real Estate Exposure.
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