Sat.Aug 27, 2022 - Fri.Sep 02, 2022

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What’s Actually Happening with Home Prices Today?

Keeping Current Matters

One of the biggest questions people are asking right now is: what’s happening with home prices?

Marketing 260
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Why I Should Consider a Short Sale

Realty Biz

More than 5.6 million homes were sold in the United States alone in 2020. Many more homes have been sold since then and some have even gone through short sales. But what is a short sale exactly, and how is it any different than a regular sale, bankruptcy, or foreclosure? How does a short sale affect you as a homeowner? Are there any benefits of short sales compared to other options?

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Home Price Growth Eased in June

Eye on Housing

Home price growth decelerated in June and home prices grew at a single-digit annual rate for the first time in the past 23 months. As housing demand is softening, with declines for existing home sales and new home sales and weakened single-family starts, home price growth is expected to slow. In July, all the 20 metro areas experienced significant deceleration.

Sales 100
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Mountain West Financial steps back from wholesale lending

Housing Wire

Add mortgage lender Mountain West Financial to the list of victims of the price war in the wholesale channel. The Redlands, California-based company informed its broker network last week that it has “made the difficult decision to take a step back from wholesale lending,” according to a spokesperson. Founded in 1990, Mountain will continue to serve retail and consumer direct clients throughout the Western United States.

Lending 421
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

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.

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Buyers: You May Face Less Competition as Bidding Wars Ease

Keeping Current Matters

One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars.

Marketing 236

More Trending

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4 techniques to learn how to become more naturally confident

The American Genius for Real Estate

Taking an acting class is not just for aspiring stars, it can help you be more naturally confident in your daily conversations and speech.

Closing 114
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Hidden Gems in Charleston: Diving into South Carolina’s Largest City

Redfin

The largest city in South Carolina, Charleston, also referred to as “The Holy City,” is well known for its cobblestone streets, historic charm, and waterfront views. With so many activities to do in and around the city, you may be struggling to figure out what to do first. If you’re looking for an activity that isn’t so touristy, this list is for you.

Land 66
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Faces and prices

1000Watt

Why is so much real estate marketing, aside from listings, just faces and prices? The postcards roll into my mailbox like this: Impeccably dressed, smiling Realtor situated to the side of the latest neighborhood sale price. There’s a chart. A website URL. Phone number. She’s wearing a well-tailored dress. Designer shoes. She’s implying she made this price happen with her proprietary magic formula.

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OWNS ETF taps capital markets to close racial-wealth gap

Housing Wire

The Impact Shares Affordable Housing MBS ETF, also known as OWNS, is an exchange-traded fund with the ambitious mission of seeking to tap the capital markets to address long-standing affordable-housing and racial-wealth gap issues in U.S. society. Since its inception last summer, OWNS has focused on investing in agency mortgage-backed securities (MBS) that are collateralized by custom-created mortgage pools.

Closing 440
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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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.

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New Homes May Have the Incentives You’re Looking for Today

Keeping Current Matters

According to the U.S. Census Bureau, this year, builders are on pace to complete more than a million new homes in this country.

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Surprise! Google searches for “sell my house” explode

Real Trends

It looks like inventory is about to get a boost. An analysis of Google search data reveals that searches for ‘sell my house’ exploded 147% in the United States as of July 2022 — the highest level in internet history for America, according to luxury real estate platform RubyHome. This comes as Americans face rising property and rent costs, with fears of a recession looming.

Mortgages 145
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Early 2022 Was The Culprit

BubbleInfo

Yesterday’s Case-Shiller Index for San Diego was 425.26, which is 11% higher than it was in January. But check how the trend increased between January and now. Prices rose as fast as ever in early 2021 (yellow above). If they would have mellowed out along my red line, then we would have experienced slightly-increasing prices […].

As-is 119
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Opinion: Taming inflation requires making housing affordability a national priority

Housing Wire

Inflation slowed more than expected in July , the result of a dip in gas and energy prices. But soaring housing costs continue to weigh heavily on family budgets. Rents and home purchase prices are up – 17% and 20% respectively – from last year. It seems as if every day there is yet another news story highlighting how so many families are suffering under crushing housing costs.

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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

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Unlocking Property Potential with Home Renovations

GeekEstate

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Plunk]. While real estate is an appreciating asset, homes often have untapped equity potential. Upgrading a home’s curb appeal, features, and systems while owning the home builds its value as much as paying off the mortgage–yet many homeowners don’t have the tools or knowledge to start.

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Buy Houses With Cash: Advantages and Disadvantages Explained

Maximum Exposure Real Estate

The Guide to Buy Houses With Cash Is buying a house with cash a good idea? If you have the money available to allow you to buy houses for cash, is it the best option? The answers to these questions may not be completely apparent. While it will make buying the home more straightforward, the […]. The post Buy Houses With Cash: Advantages and Disadvantages Explained appeared first on Maximum Real Estate Exposure.

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Stucco and Vinyl were the Most Common Siding Materials on New Homes in 2021

Eye on Housing

According to the annual data from the Census Bureau’s Survey of Construction (SOC), stucco was the most common principal siding material on new single-family homes started in 2021 (28 percent), followed by vinyl siding (24 percent), fiber cement siding (such as Hardiplank or Hardiboard (23 percent) and, brick or brick veneer (19 percent). Far smaller shares of single-family homes started last year.

Principal 106
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Homepoint lays off off more than 100 employees

Housing Wire

Homepoint laid off more than 100 employees this week as it feels the effects of the price war in the wholesale lending space. The company confirmed workforce reductions on Wednesday and Thursday are in line with the company’s “openness to get smaller as an organization to effectively counter severe market pressures,” according to a spokesperson on Thursday.

Mortgages 421
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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

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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Inventory Watch

BubbleInfo

On August 8th, the number of pending listings was down to 151 (which was the lowest since early January), and it appeared that the market might shut down early this year. But today we’re back up to 175 pendings, and still have 449 active listings for buyers to consider. The number of actives should shrink […].

Marketing 105
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Latest Housing Market News

Marco Santarelli

Goldman Sachs Chief Economist Jan Hatzius asserted that further housing pressure is likely, writing in a new note ominously titled: “Housing Downturn: Further to Fall.” Here are Hatzius' two predictions on the housing market for 2023. Forecast on Home Sales: “The sustained reduction in affordability, waning pandemic tailwind, and recent decline in purchasing intentions suggest that home sales are likely to fall further on the net: we forecast existing home sales of 4¼ million i

Marketing 104
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What to Know Before Investing in Vacant Land

Realty Biz

Despite concerns about its sustainability , the real estate market is going through a boom. While the real estate market is focused chiefly on buying and selling built properties, investing in vacant land can also give you good returns. You can purchase vacant land to sell it for profit or to build your ideal house according to your taste. . Buying or selling a vacant land is a complex procedure that requires you to understand the market carefully.

Land 103
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AmeriSave exits wholesale channel, cuts staff

Housing Wire

Atlanta-based AmeriSave Mortgage Corp. exited the wholesale channel this week, a decision that comes after the mortgage lender has imposed rounds of layoffs across the company, according to former employees and business partners. . HousingWire sent multiple requests to the company’s leadership for comments, but they did not respond. This week, brokers received a message stating that AmeriSave Wholesale Mortgage Solutions (AWMS), the company’s wholesale channel, is closing doors imme

Mortgages 417
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5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

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Ditch the Cliches: Use These Inspired Advertising Words for Selling Your Home Instead

HomeLight

In real estate marketing, word choice is everything. Enticing descriptions add depth and detail to accompanying photos. Nail the copy and your buyers will swoon. Miss the mark and they’ll feel uninspired, or even worse, uninterested. According to the National Association of Realtors (NAR), 95% of buyers used online tools to search for their next home, and 41% began their home search online, before even speaking to a real estate agent.

Agents 102
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Another Day, Another Brilliant Rental Scam!

Toronto Realty Blog

TorontoRealtyBlog. What’s the best rental scam I’ve ever seen in practice? Well, I suppose it depends on how you define “best.” Is the best scam the one that generates the most money? Or is the best scam simply the most elaborate? While I’m going to detail a rental scam that I witnessed, first-hand, earlier this year, first I need to regale you with the story of the truly “best” scam I’ve ever seen work.

Agents 100
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Private Residential Spending Slides in July

Eye on Housing

Private residential construction spending declined further in July, as rising mortgage rates and elevated construction costs put a damper on the market. It fell 1.5% in July, down for the second straight month, according to NAHB’s analysis of the Census Construction Spending data. Private residential construction spending was 14.1% higher year-over-year.

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Rocket offers more voluntary buyouts

Housing Wire

Rocket Companies , the parent company of Rocket Mortgage , extended the second round of voluntary career transition offers to employees amid the company’s forecast of much lower origination volume in the third quarter. . “We recognize career growth options in certain areas of our business are limited right now, while the housing market normalizes following two years of unprecedented volume,” said Mike Malloy, chief administrative officer for Rocket Central.

Mortgages 421
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How Enriching the Lives of Your Clients Leads to Greater Sales Success

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.