Sat.Sep 25, 2021 - Fri.Oct 01, 2021

Mortgage rates finally eclipse the 3% mark

Housing Wire

The average 30-year-fixed mortgage rate rose 13 basis points to 3.01% for the week ending Sept. 30, according to Freddie Mac’s latest PMMS survey. Mortgage rates had been roughly flat for seven weeks, and this is the first time it rose above 3% since June.

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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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.

Here’s What to Expect From A Home Appraisal So You Don’t Blow It

HomeLight

Updated September 27, 2021. With a stellar offer in hand, you’re relieved to have the bulk of your home sale behind you. But the deal isn’t set in stone yet. There are several steps ahead that could impact your ability to close, including the home appraisal.

Millennials are Determined and Prices are Soaring: The Step-by-Step Formula for Closing More Sales to Millennial Buyers Fast!

Speaker: Paul Moya - CEO, Millennial Labs, and The Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World

Join Paul Moya, CEO of Millennial Labs and the Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World, as he shares insights and information about the importance of understanding a buyer and how their needs change with each generation.

US home prices hit record level (again)

Housing Wire

July marked the fourth consecutive month in which the growth rate of home prices set a record, according to the latest S&P CoreLogic Case-Shiller National Home Price Index Report released on Tuesday. The index showed a 19.7% annual gain for the year ending in July 2021, up from 18.7%

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Homeownership Rates by Race and Ethnicity

Eyes on Housing

The Survey of Consumer Finances (SCF) provides detailed information on the finances of U.S. families, including income, net worth, balance sheet components, credit use, and other financial outcomes.

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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PennyMac, UWM raise conforming loan limit ceiling

Housing Wire

PennyMac announced this week that it is upping conforming loan limits by almost 14% through broker and correspondent channels.

Loans 382

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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Reimagining How Construction Companies Capture Progress Tracking

Speaker: Felipe Engineer-Manriquez, Christopher Gagliardi, George Hedley, and Jason Nichols

Join our esteemed panelists for their discussion on the importance of progress tracking which ultimately touches upon every digital aspect within the construction cycle. Our thought-leaders' years of experience on the job sites can help you build a better future at your company.

Consumer Confidence Falls to 7-month Low in September

Eyes on Housing

Consumer confidence fell for a third consecutive month in September, as concerns about the Delta variant and higher prices continued to dampen optimism. Spending intentions for homes, cars, and major appliances all retreated.

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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.

Pending home sales data crushes housing bears

Housing Wire

Today’s pending home sales came in at a big beat of estimates, running at 8.1% for this report. More importantly, this data line looks just right.

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If You’re a Buyer, Is Offering Asking Price Enough?

Keeping Current Matters

In today’s real estate market, buyers shouldn’t shop for a home with the expectation they’ll be able to negotiate a lower sales price. In a typical housing market, buyers try to determine how much less than the asking price they can offer and still get the home.

Two-Story Foyer Sees an Opposite Trend in 2020

Eyes on Housing

Information obtained from the US Census Bureau’s Survey of Construction (SOC) and tabulated by NAHB, shows the share of new homes with a two-story foyer increased in regions where we saw a decline in 2019.

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.

Affordable housing vacancy drops, and rents are climbing

Housing Wire

The vacancy rate for low-income tax credit-supported affordable housing dropped to 2.5% nationwide in the second quarter of 2021, a decrease of.01% from the first quarter, according to Moody’s Analytics REIS , New York.

How to Create an Effective Real Estate Newsletter

Realty Biz

To create an effective real estate newsletter, you must put your audiences’ needs and expectations first. So first, consider using a visually appealing template branded with your logo and corporate colors.

Private Residential Spending Keeps Rising in August

Eyes on Housing

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 0.4% in August to a seasonally adjusted annual rate of $786.6 billion. Total private residential construction spending was 24.3% higher than a year ago.

How agents can navigate the stress of an unpredictable market

Inman

Between the challenge of acquiring listings, the rollercoaster of closing deals and the difficulty of securing an accurate appraisal when the data is changing on a daily basis, we certainly have our work cut out for us.

LoanDepot sued 7 LOs after they left for a rival

Housing Wire

LoanDepot CEO Anthony Hsieh. After an origination team departed loanDepot in April of this year, loanDepot slammed the seven ex-employees and their new employer, CrossCountry Mortgage , with a lawsuit alleging they “hatched and implemented a scheme to loot loanDepot’s business.”.

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8 Ideas for Turning Your New House into a Safe and Cozy Oasis

Realty Biz

Many people think they can buy a new house and just start calling it home right away. For a space to turn into something safe and cozy oasis, you need to put in some effort. You want your house to be your safe haven from all the stress, so you need to work towards making it secure and relaxing.

How Does Buying A Foreclosure Work? Take Our Hand, We’ll Walk You Through It

HomeLight

You’ve heard stories about people buying foreclosures, and you’ve seen them pop up on listing sites — but you have questions. Questions like: How does buying a foreclosure work? What even is a foreclosure? How do you get your hands on one? Do they really save you money?

Creating your 2022 marketing plan? 10 tips from a chief marketing officer

Inman

If you're thinking through your marketing plan for next year, CMO Kristen Diamond dishes on how she's thinking about her real estate marketing plan in 2022 to help you craft yours.

Competing in the sizzling housing market of Provo, Utah

Housing Wire

Nestled between Utah Lake and the towering peaks of the Wasatch Mountain Range, it is hard to imagine that anything in the Provo-Orem metropolitan area could be anything other than serene. But for the past 12 months, the metro’s housing market has been in complete chaos. “It

Report warns mortgage industry is unprepared for climate change

Realty Biz

A report has raised concerns that stakeholders in the U.S. mortgage market, including lenders, investors and insurers, are woefully unprepared for accelerating climate change and the risk it brings.

Affluent Frenzy

BubbleInfo

The 3/4 Report!

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Sustained surge in mortgage rates could dent home sales

Inman

In addition to worries about the potential impact of Fed tapering, there's also uncertainty about the approaching U.S. debt ceiling and the future leadership of the Fed.

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Zillow’s purchase of ShowingTime closes

Housing Wire

Zillow on Thursday completed its $500 million acquisition of ShowingTime , which real estate agents use to schedule home viewings, as federal regulators did not extend their window to review the deal.

The Logistics of Brokerage Growth

Realty Biz

“ Amateurs talk about tactics, but professionals study logistics. This quote, often attributed to former Chairman of the U.S. Joint Chiefs of Staff, Omar Bradley, applies to today’s real estate market. Many brokers now see opportunity ahead in the softening market.