Sat.Jan 23, 2021 - Fri.Jan 29, 2021

Potential impacts of Biden’s $15,000 tax credit

Housing Wire

The housing industry is keeping a close eye on the Biden administration’s proposal of a first-time homebuyer tax credit of $15,000. If passed, the funds — which would help cover a down payment — could be accessed immediately by the buyer at the closing table.

What’s the Difference between an Appraisal and a Home Inspection?

Keeping Current Matters

If you’re planning to buy a home, an appraisal is an important step in the process. It’s a professional evaluation of the market value of the home you’d like to buy.

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The FIRE Take on Wall St Bets, GameStop, and Meme Stonks

Afford Anything

The investor community is split into two factions: FIRE vs. YOLO. The YOLO crowd includes the people who read Reddit’s r/WallStreetBets, who chase speculative trades, who place margin trades on Robinhood. They share stock tips on Discord and bet on whatever appears in their chat feed.

Canadians Are Paying Big Premiums To Own Instead of Rent, Shows CMHC Data

Better Dwelling

Households in Canada’s largest real estate markets are big premiums to own. Canada Mortgage and Housing Corporation (CMHC) analysis shows the gap between the cost of owning and renting in 2020. Carrying costs in the largest market are now almost double that of paying rent.

Home prices surge to six-year high in November

Housing Wire

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., as prices in November rose 9.5% nationally over the same time last year, according to the S&P CoreLogic Case-Shiller index.

What Record-Low Housing Inventory Means for You

Keeping Current Matters

The real estate market is expected to do very well in 2021, with mortgage rates that are hovering at historic lows and forecasted by experts to remain favorable throughout the year. One challenge to the housing industry, however, is the lack of homes available for sale today.

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It’s Finally 2021, Make Your Home Feel New Again

Coldwell Banker

Tips to Create a Functional Space for Your Evolving Stay-At-Home Needs. The post It’s Finally 2021, Make Your Home Feel New Again appeared first on Coldwell Banker Blue Matter. Home Decor covid Covid-19 home decor home gym Stay at Home Work from Home

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The Fed plots a slow, stable path on mortgage rates

Housing Wire

The Federal Open Market Committee left future economic policies virtually unchanged at its Wednesday meeting, indicating that short-term mortgage rates will stay low for years to come.

Why Moving May Be Just the Boost You Need

Keeping Current Matters

As we look back over the past year, we’ve certainly lived through one of the most stressful periods in recent history. After spending so much more time at home throughout the health crisis, some are wondering if they should move to improve their mental health and well-being.

COVID-19 Continues to Impact Home Purchasing Plans

Eye on Housing

According to NAHB’s latest Housing Trends Report (HTR), the share of Americans who are considering the purchase of a home in the next 12 months was 15% in the fourth quarter of 2020, four percentage points higher than a year earlier and the largest year-over-year gain in the 3+year history of this series.

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Existing-Home Sales: Increase Reaches Highest Level Since Before Great Recession

RIS Media

December hit another historic peak for existing-home sales, experiencing the highest level since 2006 after rising 0.7 percent from the previous month. According to the latest data from the National Association of REALTORS® (NAR), year-over-year, existing-home sales increased 22.2 percent.

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Zillow: Expect another record year for home sales

Housing Wire

Zillow’s 2021 housing forecast echoes the projections of other industry experts of a rapid acceleration of home value appreciation, with numbers anticipated to be even higher than in 2020.

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What Happens When Homeowners Leave Their Forbearance Plans?

Keeping Current Matters

According to the latest report from Black Knight, Inc. , a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the COVID-19 pandemic.

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A Significant Shift in Interest for Newly-Built Homes

Eye on Housing

According to NAHB’s latest Housing Trends Report, 15% of adults were considering a home purchase in the fourth quarter of 2020, up from 11% a year earlier. Further analysis reveals a significant shift in interest for newly-built homes during this period among prospective buyers.

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DACA home loans — FHA will now approve home loans for ‘Dreamers.’ Here’s how to get approved

The Mortgage Report

Thanks to a new policy, FHA is now accepting DACA home loans. Learn about the pros and cons of FHA loans and whether you qualify for financing.

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Homepoint significantly downsizes IPO

Housing Wire

Home Point Capital , the parent company of Michigan-based wholesale lender Homepoint , intends to raise $94.25 million dollars in its IPO on Friday. That’s a significant downsizing from the $250 million its private equity backers planned to raise through the sale of 12.5

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Real Estate Prices Are High Because Canadians Want To Pay More, Says BMO Economist

Better Dwelling

One of Canada’s Big Six banks thinks it cracked the real estate price situation. BMO’s chief economist, Douglas Porter, wrote a recent analysis on the gap between Canadian and US home prices. As recently as 2017, he maintained many markets were in a bubble.

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Steady New Home Sales at End of 2020

Eye on Housing

After a surge in the pace of new home sales in the middle of the year, the monthly growth rate of newly built single-family home sales slowed at the end of 2020. Sales exceeded construction starts by a historic margin at the end of the summer.

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8 Ways To Improve Energy Efficiency In Your Home While Adding Value

HomeLight

If you feel like you’re spending a small fortune on your heating and cooling bills, chances are your home is not as energy efficient as it could be. The good news is you can invest in a few upgrades that improve energy efficiency while adding value to your home.

Experts optimistic about home sales in 2021

Housing Wire

pending home sales dipped to the tune of 0.3% in December following a 2.6% drop in November , according to a report from the National Association of Realtors. It’s the fourth consecutive decline, but many housing industry observers see big potential for the year ahead.

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How to Prevent Injuries When Shoveling Snow and Walking on Ice

RIS Media

(TNS)—If this week is when you get a real dose of the white stuff and have to navigate slick spots on the road and the pavement, here’s a refresher on how to make sure you and your loved ones get through it unscathed by weather-related injuries while shoveling and walking on ice.

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Double-digit Growth in Home Prices

Eye on Housing

In November, national home prices continued to rise at a fast pace, fueled by strong demand and low inventory. All 19 major markets saw double-digit growths in home prices. The S&P CoreLogic Case-Shiller U.S.

Textures, Colors, Prints, and Patterns: 4 Hot Flooring Trends for 2021

HomeLight

When it comes to remodeling, there are many directions a homeowner can take, but new flooring is one of the most popular and cost-effective ways to give your house a fresh, updated look.

Understanding the seasonal patterns of mortgage rates

Housing Wire

Much like the changing of the calendar, buying and selling homes follows a seasonality that that those in mortgage and real estate have grown accustomed to.

3 Reasons Why Real Estate Is One of the Best Careers for Women

RIS Media

This article first appeared in Real Estate magazine’s special-edition Women in Real Estate issue. View the entire issue here.

Buying a Foreclosed Home: How to Buy a Foreclosure

Maximum Exposure Real Estate

Tips For Buying a Foreclosure Over the years working as a real estate agent, many buyers have asked me about buying a foreclosed home. They essentially are asking how to buy a foreclosure. The appeal is that they’ve heard foreclosures are the bargain of the century.

Canadian Housing Prices: A Five Year Review

Toronto Realty Blog

TorontoRealtyBlog. Monday’s blog post was somewhat eye-opening, right? Throughout the province of Ontario in the past five years, we’ve seen nothing but price growth!

Housing industry reacts to Yellen’s confirmation

Housing Wire

Industry officials were quick to signal their support for yesterday’s historic U.S. Treasury Secretary confirmation of Janet Yellen , the 74-year-old who now holds the distinction of being the first female to hold the position in its 230-year history.

Why Women Are So Effective in Leadership Roles

RIS Media

This article first appeared in Real Estate magazine’s special-edition Women in Real Estate issue. View the entire issue here. Women are underrepresented in senior positions across most industries, and while real estate is leading the way, there is still so much more that should be done.

Remodeling? Avoid These 10 Home Improvements That Do Not Add Value

HomeLight

Americans spend $400 billion annually on remodeling, but they’re not all adding value to their homes in the process.