Housing Wire

AUGUST 27, 2020

Homebuyers who are juggling work and school from their home want more space, triggering an increase in the number of sales of large homes. According to Redfin , sales for large homes were up 21.2% year over year nationwide in July, compared to a 10% increase for medium-sized homes and a 2.3% increase for small homes. Redfin categorized large homes as those between 3,000 and 5,000 square feet, medium homes between 1,500 and 3,000 square feet, and small homes between 300 and 1,500 square feet.

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Sales Design As-is Marketing 545

Keeping Current Matters

AUGUST 27, 2020

You may have heard that pre-approval is a great first step in the homebuying process. But why is it so important? When looking for a home, the temptation to fall in love with a house that’s outside your budget is very real. So, before you start shopping around, it’s helpful to know your price range, what you’re comfortable within a monthly mortgage payment, and ultimately how much money you can borrow for your loan.

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RIS Media

AUGUST 27, 2020

If you have a spare room in your home, renting it out can be a way to earn extra to pay the mortgage. There can be problems with this sort of arrangement, however, that could make you wish you hadn’t invited a renter into your home, so it’s important to be educated about the process as much as possible. Renting out part of your home does put you in the position of a landlord with the associated responsibilities.

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Earnest money deposit As-is Agents Banks 145

HomeLight

AUGUST 26, 2020

Picture this: You’ve been in your home for a few months, and lately, it seems like you’re getting more and more junk mail encouraging you to refinance your mortgage. And it seems like it might be a good deal, so you do a little research into what you need to do. Now you’re confused because you need a refinance appraisal, but you just got a purchase appraisal before being approved for a mortgage — is there a difference between a refinance appraisal vs. purchase appraisal?

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Fixed-rate mortgage Equity Loans VA loan 144

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Housing Wire

AUGUST 22, 2020

According to reporting by the Wall Street Journal on Saturday, the Federal Housing Finance Agency has been communicating with mortgage industry groups about delaying the implementation of a fee which would add a 0.5% surcharge to refinance mortgages sold to Fannie Mae and Freddie Mac starting Sept. 1. According to the article, the FHFA is considering a delay to the adverse market fee implementation date, but is not planning to rescind it.

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Debt-to-income ratio Finance Mortgages Industrial 545

Keeping Current Matters

AUGUST 28, 2020

Some Highlights. The percentage of income needed to afford a median-priced home today is declining, while that for renting is on the rise. This is making buying a home an increasingly attractive option for many people, especially with low mortgage rates driving purchasing power. If you’d like expert guidance on exploring your homebuying options while affordability is high, reach out to a local real estate professional.

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Mortgages 279

Realtor.com

AUGUST 28, 2020

David Paul Morris/Bloomberg via Getty Images Millennials, long viewed as perennial home renters who were reluctant or unable to buy, are now emerging as a driving force in the U.S. housing market’s recent recovery. Demand from millennials, who today range from their mid-20s to late 30s, has been increasingly important to the housing market since at least the middle of the last decade.

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Housing Wire

AUGUST 28, 2020

The line between traditional iBuyer and brokerage is getting ever-so-blurry for venture-backed startup Opendoor. The company, armed with $1.5 billion in VC funding, is looking to bring aboard real estate agents in Phoenix, Arizona, to support its “Home Reserve” iBuying platform, according to Inman , which spotted a jobs posting Friday morning.

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Brokerage Staging Agents Banks 536

Keeping Current Matters

AUGUST 24, 2020

Today, Americans are moving for a variety of different reasons. The current health crisis has truly re-shaped our lifestyles and our needs. Spending extra time where we currently live is enabling many families to re-evaluate what homeownership means and what they find most important in a home. According to Zillow : “In 2020, homes went from the place people returned to after work, school, hitting the gym or vacationing, to the place where families do all of the above.

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Design As-is Closing Mortgages 275

The American Genius for Real Estate

AUGUST 27, 2020

[REAL ESTATE BIG DATA] Positive NAR reports encourage strong homebuyer return into the housing market following pent-up demand. The post Home purchase contract signings surge 5.9% in July appeared first on The American Genius Real Estate.

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Marketing 133

Advertiser: Trellis

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.

Loans

Realtor.com

AUGUST 27, 2020

Feverpitched/Getty Images In this age of social distancing, you might want to limit the number of strangers traipsing through your house. So chances are good you’ve said sayonara to the idea of having a staging company come in to artfully showcase your home for sale. That means it’s time to get creative in order to prep your property for sale.

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Staging Technology Renovation Design 135

Housing Wire

AUGUST 24, 2020

Almost 80% of economists say there’s at least a one-in-four chance of a double-dip recession, following a record 32.9% plunge in GDP in the second quarter, according to a survey released on Monday from the National Association for Business Economics. About 40% of respondents rate the COVID-19 response from Congress as “insufficient” and 37% said it’s “adequate,” according to the survey that summarized the opinions of 235 members and was conducted between late July and early August.

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As-is 507

Keeping Current Matters

AUGUST 26, 2020

Finding the right home to purchase today is one of the biggest challenges for potential buyers. With so few homes for sale and construction of newly built homes ramping up , you may be wondering if you should consider new construction in your search process. It’s a great question to ask, and one to look at from the pros and cons of what it means to buy a new home versus an existing one.

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New Construction Construction Design As-is 248

RIS Media

AUGUST 27, 2020

At the start of the pandemic, the housing market nearly screeched to a halt. When most states moved to mandatory quarantining and strictly enforced social distancing, agents were, rightfully, concerned with the future of real estate. Now that some COVID restrictions have lifted, there has been an influx of buyers ready to make their move. However, the new challenge is that, now, there are not enough homes for sale to fulfill the number of buyers.

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Agents Sales As-is Marketing 133

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Sales

Realtor.com

AUGUST 25, 2020

realtor.com, Patrick McDermott/Getty Images Former New York Giants quarterback Eli Manning has tossed his Summit, NJ, mansion onto the market. After retiring from the NFL earlier this year, the two-time Super Bowl champion is also moving on from his longtime home. If you’re a Giants fan with plenty of cash, you can now score Manning’s upscale abode for $5.25 million.

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Renovation Sales Marketing 131

Housing Wire

AUGUST 27, 2020

Federal Reserve Chairman Jerome Powell on Thursday announced a major shift in monetary policy that will allow the central bank to use inflation averaging, rather than the current practice of setting a hard target. Speaking at a video-only version of the Federal Reserve Bank of Kansas City ’s annual conference, Powell said the Fed will no longer raise its benchmark rate to keep unemployment from falling too low and will allow inflation to run slightly higher than the current 2% target after perio

Mortgages 496

Mortgages Banks Investor Lending 496

Better Dwelling

AUGUST 24, 2020

Toronto real estate has seen pent up demand drive sales higher, but the impact on condos has been limited. Toronto Regional Real Estate Board (TRREB) data shows a fairly large uptick for condo sales in July. The increased sales volume has been met with sellers hitting the market at the fastest pace in at least […]. The post Toronto Condo Sellers List At The Fastest Pace In Over 5 Years, New Listings Rise 57% appeared first on Better Dwelling.

Sales 130

Sales Marketing 130

RIS Media

AUGUST 28, 2020

The bidding wars may continue into the fall, according to data from realtor.com®’s Weekly Recovery Report for the week ending Aug. 22. The week reached a 106.6 Housing Market Recovery Index—a 1.8-point increase over last week and 6.6. points above the pre-COVID baseline of January 2020. Data shows that buyers are still out in full force despite a continuing shortage of inventory that’s driving prices upward.

Marketing 122

Marketing Finance Mortgages As-is 122

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.

Agents

Realtor.com

AUGUST 24, 2020

fizkes/Getty Images To say that we’re all feeling anxious while living through a global pandemic is quite the understatement. And our homes should be a place of respite during these challenging times—not somewhere the walls feel like they’re closing in. But what if your home is actually making your anxiety worse ? “When our external world feels threatening or uncertain, our internal sense of control gets out of balance,” says Karen Whitehead of Karen Whitehead Counseling

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Closing As-is Design 128

Housing Wire

AUGUST 27, 2020

U.S. pending home sales rose 5.9% in July, the third consecutive month of gains, fueled by low mortgage rates and unprecedented demand from consumers. The seasonally-adjusted index measuring signed contracts was up 15.5% year over year, largely on the back of pent-up demand from buyers who were unable to strike deals during the spring, said Lawrence Yun, chief economist of the National Association of Realtors.

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Sales Residential Loans Mortgages 485

Better Dwelling

AUGUST 25, 2020

Canada’s central bank is using billions to flood the mortgage market with cheap money. It hasn’t been very effective, considering the scale of the purchase. Bank of Canada (BoC) data shows a big mortgage bond buying spree since the beginning of the pandemic. The dollar value of the bond buying was known, but we’re only […]. The post Bank of Canada’s Mortgage Buying Is A Quarter The Size of New Mortgage Credit appeared first on Better Dwelling.

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Banks Mortgages Marketing 129

REM Online

AUGUST 24, 2020

The following content may have been republished here without the author's permission. The original post can be found at the following URL: When a property is damaged prior to closing. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. What obligations do sellers and buyers have in a real estate transaction when the property has been accidentally damaged – such as by a fire – prior to closing?

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Closing Purchase and sale agreement As-is Sales 127

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.

Agents

Realtor.com

AUGUST 26, 2020

realtor.com We live in interesting times—Idaho is now a hot spot for mansions. Just a month after we crowned a $27 million mansion as the state’s most expensive home, a pricier lakefront mansion has splashed down on the market. Listed for $30 million, Idaho’s new most expensive home is a sprawling estate on Windy Bay Road in Worley, ID, that sits on Lake Coeur d’Alene.

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Title Sales Development Design 126

Housing Wire

AUGUST 28, 2020

In the age of COVID-19, Peck Barham knew that prospective home buyers would pepper him with questions about home offices as they decamped downtown Birmingham for the spacious suburbs. But the agent with TeamBarham, Keller Williams Homewood didn’t expect the grub question. “The Birmingham Metro has a large suburban population and we have seen a larger than usual pattern to being outside the downtown district,” said Barham. “However, they do want to make sure they stay within the

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Agents Closing As-is Marketing 479

Waterfront Properties

AUGUST 27, 2020

Did you know that the Sunshine State is one of the top retirement destinations in the word? From its great weather, arts and cultural destinations, and beautiful beaches, this state proves an irresistible destination to those looking to relocate before or after retirement. However, one outstanding factor that separates Florida from the rest is the state’s tax friendliness.

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As-is Sales 126

Better Dwelling

AUGUST 26, 2020

Greater Vancouver new home sales are still unusually soft. MLA Canada data shows pre-sales for new homes fell in July. The decline slowed new inventory launches, with over half of expected units delayed. Even with the delays, there was a significant increase in new inventory. Only 31 Pre-Sale Homes Were Sold In July The number […]. The post Greater Vancouver New Home Inventory Jumps 40%, But Only 31 Units Sell appeared first on Better Dwelling.

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Sales New Construction Construction 125

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Agents

Realtor.com

AUGUST 27, 2020

Lecic/Getty Images Pantry staples like vinegar and baking soda have proved to be heroes around the house for cleaning and accomplishing other household tasks. Aside from being a fraction of the cost of chemical all-purpose cleaners, they’re also nontoxic and 100% natural. But did you know there’s another edible essential that also falls in the same category?

As-is 125

As-is 125

Housing Wire

AUGUST 23, 2020

If the Great Recession never happened, how would potential homebuyers be looking at today’s housing market? . After all, the giant cohort of potential homebuyers now in their late 20s and early 30s was also the generation fresh out of college trying to find a job as the market was crashing in 2008. They remember the struggles of trying to find a job, and they remember the large swath of inventory on the market that made home prices drop lower and lower. .

Marketing 470

Marketing As-is Sales Mortgages 470

Homes.com

AUGUST 26, 2020

As we celebrate National Women's Equality Day, we take a look back on the history of women's homeownership and how far women have come today as homeowners. The post The History of Women’s Homeownership appeared first on Homes.com.

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HomeLight

AUGUST 28, 2020

It’s taken what seems like an eternity to finally get to this point. The offer has been accepted , the home inspection is complete, and the documents have been signed. Now, it’s time to start packing your belongings so you can finally start moving into your brand new abode. Do you have a plan for how to pack clothes for moving day? We all know that if we are packing fragile items , we should wrap them in old newspapers, bubble wrap, or even soft linens so nothing is broken.

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As-is Closing Inspection Branding 123

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.

Sales