Housing Wire
DECEMBER 8, 2021
My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6. 2 million , we could be at risk of housing inventory falling to such low levels that I would have to categorize this housing market as unhealthy. 2020 and 2021 easily each have over 6.2 million new and existing home sales combined.
Keeping Current Matters
DECEMBER 9, 2021
If you’re a homeowner who’s decided your current house no longer fits your needs, or a renter with a strong desire to become a homeowner, you may be hoping that waiting until next year could mean better market conditions to purchase a home. To determine whether you should buy now or wait another year, you can ask yourself two simple questions: Where will home prices be a year from now?
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Keeping Current Matters
DECEMBER 7, 2021
Since the pandemic began, Americans have reevaluated the meaning of the word home. That’s led some renters to realize the many benefits of homeownership, including the feelings of security and stability and the financial benefits that come with rising home equity. At the same time, many current homeowners have decided their house no longer meets their needs, so they moved into homes with more space inside and out, including a home office for remote work.
Realtor.com
DECEMBER 7, 2021
Realtor.com / Getty Images This past year has been wildly turbulent for just about everyone , but the waters have been particularly choppy for those who decided to buy or sell a house. From skyrocketing home prices due to record-low inventory, and bidding wars that began to resemble melees, it was difficult to escape the real estate market unscathed in 2021—or to predict where it would go next.
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Housing Wire
DECEMBER 10, 2021
As we approach the end of another hot year for the market, homebuyers and sellers are eagerly looking ahead to the 2022 housing market. Will the market continue its streak of strong growth, or are we finally about to see a slow down? Here’s a high-level forecast for what to expect next year, based on the supply and demand signals we can already see in today’s data.
Better Dwelling
DECEMBER 6, 2021
Canadians are going all-in on housing, as it’s increasingly seen as a low-risk asset. As debt grows faster than the economy, the ratio of mortgage debt to gross domestic product (GDP) has been soaring. Canada has created so much moral hazard, home prices no longer fall during a recession. Instead, households are leveraging up and […]. The post Canadian Mortgage Debt Hits 71% of GDP, Growing 2x The Rate of The Economy appeared first on Better Dwelling.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Realtor.com
DECEMBER 6, 2021
Realtor.com The highest-grossing film of all time inspired the sellers of a Florida estate to create a lighted paradise in their backyard. Villa Florentyna, which takes its cues from the director James Cameron’s “Avatar,” sits on 5 acres on Pondwood Rd in Boca Raton, FL. The name of the home is based on the word for “blooming” in Latin, and this property is in full flower.
Housing Wire
DECEMBER 9, 2021
Mortgage rates decreased one basis point to 3.10% in the week ending Dec. 9, remaining low and stable despite tighter housing supply and affordability, according to the latest Freddie Mac PMMS mortgage report. A year ago at this time, the average 30-year fixed-rate loan averaged just 2.71%, according to the report published on Thursday. Sam Khater, Freddie Mac’s chief economist, said in a statement that rates have moved sideways over the last several weeks, fluctuating within a narrow range.
Eye on Housing
DECEMBER 9, 2021
According to the latest Annual Builder Practices Survey (ABPS), one in four new single-family detached homes were built in established neighborhoods in 2020. This includes 19% of new homes that were built on infill lots and 6% that involved tearing down an old building prior to building a brand new single-family detached home. These shares vary significantly across the United.
Keeping Current Matters
DECEMBER 10, 2021
Some Highlights. It’s no secret that we love our furry friends – about 70% of U.S. households have pets. What may come as a surprise is how large a role they play in the homebuying process. Americans spend $1,163 a year on their pets, and nearly half of pet owners say they would move for better accommodations and amenities for their pets. If you’re thinking of adding a furry friend, or if you already have, connect with your trusted real estate advisor to discuss how you can find a home tha
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
Realtor.com
DECEMBER 10, 2021
Photos via Instagram by julieblanner / joannagaines / prettypocketprojects Dear all you holiday decorators out there right now: Whether you’ve got your Christmas tree all trimmed and lights up or plan to go nuts soon, let us take a moment to ask an important question: Exactly what type of holiday decorator are you, anyway? Odds are (and ideally), your holiday design style should fit right in with the rest of your home’s look.
Housing Wire
DECEMBER 10, 2021
In the world of mortgage-financing, there exists a product line defined by what it is not — non-qualified mortgage (non-QM), non-prime, non-agency or an alternative-documentation loan. In the secondary market, these non-QM loans are in demand this year and are expected to continue propelling the growth of private-label securitizations in the year ahead, according to Dane Smith, president of Versus Mortgage Capital.
Brownstoner
DECEMBER 8, 2021
Browsing Greenlight Bookstore on Flatbush Avenue in Prospect Lefferts Gardens not far from Prospect Park, you may happen upon a remarkable journal of memoir, oral history and photography by and about locals and the neighborhood, “Voices of Lefferts.” The community writing, photography and history project documents the “life of the… Read More > The post Making History: A Community Writing Project Brings Together a Brooklyn Neighborhood appeared first on Brownstoner.
Keeping Current Matters
DECEMBER 8, 2021
There’s no question that the financial benefits of selling a house are outstanding today. Now is truly a great time to list if you’re ready to make a change. But if you do sell your house right now, you may be wondering where you’ll go when you move. With so few homes available to buy right now, you might be considering building a new home as one of your options.
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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.
Realtor.com
DECEMBER 8, 2021
HGTV On “Call the Closer,” real estate agent Lauren Risley knows that the trick to loving a home you buy often boils down to renovating it to your tastes. And on the latest episode, she focuses on one area of the home that nearly all buyers hope is top-notch: the master suite. In the Season 1 episode “The First Timers,” Risley meets Dan and Nicole , parents of two who buy a gorgeous St.
Housing Wire
DECEMBER 7, 2021
The HousingWire award spotlight series highlights the companies that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s Tech100 award are now open through next Friday, December 17, 2021. To submit your company, go here. If there’s anything that lenders and borrowers have learned from the current purchase market it’s that speed and efficiency are key to a smooth closing.
Eye on Housing
DECEMBER 7, 2021
The suburban shift for single-family home building, which was precipitated in large part by the onset of the COVID-19 pandemic last year continues. But new data reveals that higher density markets are making a comeback as well, according to the third quarter edition of the NAHB Home Building Geography Index (HBGI). As more workers transition back to the workplace, there.
The Mortgage Report
DECEMBER 6, 2021
Buying a house with student loan debt can be tough. But new FHA student loan guidelines are making things easier for buyers.
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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.
Realtor.com
DECEMBER 9, 2021
Getty Images / Realtor.com Phew, 2021 was busy. Some of us returned to work, others headed back to school, and all of us went back out (hello, restaurants and arenas!). So it’s little wonder you might have missed some of the Realtor.com advice we gathered in the past year. So here’s an update: We spent the past 12 months researching and writing about every real estate subject that you could encounter out there.
Housing Wire
DECEMBER 7, 2021
The Biden administration announced on Monday that it is looking to expand reporting requirements on all-cash real estate transactions. The announcement came via a U.S. Treasury Department notice seeking public comment on this potential regulation. According to the Biden administration, the aim of this regulation would be to crack down of individuals using the U.S. real estate market to launder money made through illicit activities, which the administration views as a vulnerability in the real es
Better Dwelling
DECEMBER 7, 2021
One of the world’s largest economies is handcuffed to over-leveraged home buyers. An analysis from Oxford Economics looks at two rate hike scenarios in Canada. Tony Stillo, the firm’s chief economist, expects the Bank of Canada (BoC) to hike interest rates slowly. If the central bank takes this path, all households will bear the burden […]. The post Canada’s Highly Indebted Households Are About To Feel The Pinch From Rising Rates appeared first on Better Dwelling.
Realty Biz
DECEMBER 6, 2021
American housing inventory is officially at crisis level, according to a new report. Redfin revealed this week that the number of active listings in the U.S. housing market hit an all time low on November 28, down a whopping 23% from the same period one year ago. What’s more, active inventory was down 42% from the same month in 2019. Moreover, the number of new listings was also down, by 4%, compared to Nov. 2020.
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The Mortgage Report
DECEMBER 10, 2021
Everything you need to know as a first-time home buyer in Nevada, from loan programs to cash grants that help with your down payment.
Housing Wire
DECEMBER 7, 2021
More than five million households failed to make their rent or mortgage payments in October, an increase compared to the same period of 2020, and a concern for mortgage servicers. According to the Mortgage Bankers Association ‘s Research Institute for Housing America (RIHA), the number of households missing rent or mortgage payments increased from 5.33 million to 5.43 million between October of 2020 and October 2021.
Better Dwelling
DECEMBER 9, 2021
Canada’s oldest bank is accelerating its forecast schedule for the central bank. BMO sees the first interest rate hike in April, after yesterday’s announcement from the Bank of Canada (BoC). That would be 3-months sooner than previously forecast, and the first hike is just the beginning. The forecast shows the overnight rate rising as much […].
Coldwell Banker
DECEMBER 7, 2021
Latest Coldwell Banker explores where Americans are moving, unveiling what the “Great Resignation” means for real estate markets across the nation. The post How the “Great Resignation” is Driving the “Real Estate Renaissance” appeared first on Coldwell Banker Blue Matter.
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.
The Mortgage Report
DECEMBER 8, 2021
How much income do you need for a $200K mortgage? That will depend on several personal factors. Here's how you can find the answer.
Housing Wire
DECEMBER 7, 2021
Record home price appreciation in recent years has pushed tappable home equity to new heights. According to a report published by data vendor Black Knight this week, the third quarter of 2021 saw a nearly $250 billion dollar increase in tappable equity—a record. In turn, Black Knight predicts that there will be an influx of cash-out refis in the months to come.
Better Dwelling
DECEMBER 10, 2021
Canada has seen a surge in real estate buyers looking to get ahead of rising rates. After all, a higher cost of borrowing means higher payments, right? Running TransUnion mortgage payment data against mortgage rates shows the exact opposite. This is due to the basic design of interest rates, which are increasingly ignored due to […]. The post Canadian Real Estate Affordability Improves When Rates Rise, Despite The Rhetoric appeared first on Better Dwelling.
Eye on Housing
DECEMBER 8, 2021
The labor market continues to tighten, especially for the construction industry. The count of open construction jobs increased to 410,000 unfilled positions in October, the highest measure in the history of the data series (going back to late 2000). The housing market remains underbuilt and requires additional labor, lots and lumber and building materials to add inventory.
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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