Sat.Aug 28, 2021 - Fri.Sep 03, 2021

article thumbnail

Homebuyers flock to Florida real estate

Housing Wire

The Sunshine State seems to be getting a lot more foot traffic these days, with the number of homebuyers moving to Miami tripling year-over-year, a new analysis found. According to Redfin ’s monthly migration report, July saw the net inflow of Redfin users packing their bags and moving to Miami rise to 7,610, up from 2,216 last year. Milagros Alvarez, a Miami real estate agent at Redfin, said that the pandemic “has brought even more out-of-towners to the area” because so many people can no

Finance 545
article thumbnail

What Buyers and Sellers Need To Know About the Appraisal Gap

Keeping Current Matters

It’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals. In recent months, it’s become increasingly common for an appraisal to come in below the contract price on the house.

Land 278
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Annual Home Price Gains Hit Record High in June

Eye on Housing

In June, national home prices continued to rise at a fast and unsustainable rate. Strong demand and low housing inventory have been driving home prices at double-digit growths for eleven months. All 20 metro areas reported home price increases in June, while 12 of them had an acceleration in home price growth. The S&P CoreLogic Case-Shiller U.S.

article thumbnail

Canada Hid A Foreign Capital & Housing Study While Dismissing Intelligence Warnings

Better Dwelling

Canadian tax authorities confirmed they knew about illicit foreign capital inflating real estate. They first found out over two decades ago, but only confirmed it to the South China Morning Post (SCMP) this week. A whistleblowing, retired auditor first told SCMP journalist Ian Young about the report in 2016. He waited half a decade for […]. The post Canada Hid A Foreign Capital & Housing Study While Dismissing Intelligence Warnings appeared first on Better Dwelling.

145
145
article thumbnail

3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

article thumbnail

Mortgage rates stuck in a rut at 2.87%

Housing Wire

The average 30-year fixed-rate mortgage was flat at 2.87% for the week ending in Sept. 2, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates also held steady at 2.87%. This week’s near constant mortgage rates tracked with the 10-year Treasury yield , which has hovered around 1.30 for the past week.

More Trending

article thumbnail

Rustic Meets Refined in These 4 Modern Farmhouses

Sotheby's International Real Estate

In idyllic locations from Carmel to Connecticut, these modern farmhouses begin with one of architecture’s most classic motifs and give charming rusticity a stylish modern spin. California’s Relaxed Luxury. Santa Ynez, California | Patty Murphy, Sotheby’s International Realty – Santa Ynez Valley Brokerage. On 17 acres in Woodstock Ranch, this five-bedroom home is filled with spaces that are effortlessly elegant and refreshingly casual.

Brokerage 139
article thumbnail

What to Know About a 203k Rehab Loan

Realty Biz

203k FHA Loans Explained. Are you considering buying a home that needs work? When buying a fixer-upper, one of your primary considerations should be how you will finance the project. One of the better options is what’s known as an FHA 203k loan. FHA 203K Mortgage is the term that designates funding dedicated to purchasing and refurbishing your primary residence home.

article thumbnail

What to expect next from today’s hot housing market?

Housing Wire

It’s the current, not the waves, that will propel longstanding changes in the American housing market, said Logan Mohtashami , HousingWire’s lead analyst. How much housing is built and sold; who pays for those units; and how Americans ground their lives in what and where they live: these forces are rooted in societal and family culture and largely impervious to surface turmoil.

Marketing 460
article thumbnail

5 Reasons Today’s Housing Market Is Anything but Normal

Keeping Current Matters

There are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. But that’s not happening. The market is still extremely vibrant as demand is still strong even while housing supply is slowly returning. Here’s the definition of normal from the Merriam-Webster Dictionary : “conforming to a type, standard, or regular pattern: characterized by that which is conside

Marketing 250
article thumbnail

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.

article thumbnail

Canadian GDP Drops Way Below The Bank of Canada Forecast, Partially Due To Housing

Better Dwelling

Canada’s faster-than-expected economic recovery just came to an unexpected halt. Statistics Canada (Stat Can) data shows gross domestic product (GDP) declined in Q2 2021. The Bank of Canada (BoC) expected robust growth this quarter, so they were way off. Weak growth now places the country in a tricky situation, with high inflation and low GDP […].

Banks 134
article thumbnail

Mortgage and refinance rates today, August 28, and rate forecast for next week

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates nudged lower yesterday. But the week’s rises and falls have canceled each other out. And Friday evening’s average rate was precisely the […].

Mortgages 131
article thumbnail

US home price growth hit record level in June

Housing Wire

With little inventory, home-price growth in the U.S. hit a record high in June, rising 18.6% from the same period last year, according to the S&P CoreLogic Case-Shiller Index. June marked the highest annual rate of home price growth since the index debuted in 1987, beating out the 16.8% annual growth rate logged the month prior, in May 2021. “While the housing market feels like it has legs that never get tired, inventory and affordability constraints are still expected to put a damper

Sales 429
article thumbnail

Your Agent Is Key When Pricing Your House [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. Pricing your house right takes market experience and expertise. To find the best list price , your agent balances current market demand, values of homes in your neighborhood, where prices are headed, and your home’s condition. If you’re ready to sell, don’t guess on the price. Reach out to your local real estate advisor today to price your house to attract multiple offers and maximize your return on investment.

Agents 238
article thumbnail

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.

article thumbnail

Canadian Mortgage Debt Has Never Been Riskier [Video]

Better Dwelling

Business journalist Daniel Tencer takes a quick dive into the surge of highly indebted borrowers piling into Canadian real estate, and why bank regulators are increasingly becoming concerned. Comment on the channel with the topics you’d like the see covered next. Don’t forget to like and subscribe to our YouTube channel for more data, analysis, […].

Mortgages 132
article thumbnail

26 Questions You Should Ask Before Hiring a Real Estate Agent

HomeLight

Updated August 31, 2021. Imagine this: You find an amazing salon, pick out a picture of the perfect haircut, and schedule an appointment with a stylist sight unseen. It’s a professional salon, so what can go wrong? Cut to one hour later, when you’re staring back at yourself in the mirror wondering where the nearest wig store is and cursing yourself for not doing some research on your hairdresser’s capabilities.

Agents 128
article thumbnail

Judge lets NAR, Zillow lawsuit proceed

Housing Wire

A lawsuit that alleges the powerful National Association of Realtors and home listings giant Zillow illegally conspire to snuff out competition has survived NAR and Zillow’s motion to dismiss the case. Federal judge Thomas Zilly issued a written order Thursday that found the complaint by real estate brokerage REX plausibly claims, “brokerages, agents, and even customers have no choice but to comply with NAR’s so-called optional rules.”.

article thumbnail

The Advantages of Living in the Suburbs That No One Talks About

Homes.com

City living is often romanticized — busy streets, walking around strangers, and living life with a “hustle” mentality. But when it comes to living in cityside apartments with exceptional views, there are several hidden downsides that can make the experience less than glamorous. With the pandemic, we’ve seen more people flee cities than ever before, and they’re moving to suburbs to enjoy remote work perks, quality time with loved ones and a slower speed of living. .

126
126
article thumbnail

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.

article thumbnail

Canadian Real Estate Agents Are Discreetly Pushing Buyers To High Commission Listings

Better Dwelling

Canadian real estate agents and brokerages are accused of working against their clients. Not by some rando either, but the claims came from the Real Estate Council of Ontario (RECO). The provincial regulator wrote the industry to explain they found clients were directed based on commissions. This tactic means some buyers may have bought real […].

Agents 130
article thumbnail

Buying a Starter Home Is Cheaper Than Renting in Nearly Half the Metro Areas in the Us

Lighter Side of Real Estate

Renting is often looked at as a more affordable alternative to homeownership, but in many areas of the US, that’s actually not the case. According to recent data from realtor.com , rents are rising fast and hitting new highs in metro areas across the country. In July, the median rental price in the US was $1607—a 9.8 percent increase from July 2020.

Mortgages 125
article thumbnail

iBuyer Offerpad goes public at $2.7B valuation

Housing Wire

Instant homebuyer Offerpad quietly became a publicly traded business Thursday, after it merged with a blank check company led by former Zillow CEO Spencer Rascoff one day earlier. Offerpad’s transition escalates the rivalry between Rascoff and his former company Zillow. It also nudges Offerpad from intriguing upstart to another business vying to move iBuying from dazzling concept to profit making enterprise.

article thumbnail

What’s the Catch with Rent to Own Homes? 7 Reasons to Beware of These Deals

HomeLight

Updated August 31, 2021. Owning a home is many a renter’s dream. It’s a goal that can take years of scrimping and saving to squirrel away a down payment — not to mention the careful spending and meticulous bill-paying required to keep your credit score high. In the meantime, you’re still paying rent, maybe even more each month than you’d pay for a mortgage payment.

article thumbnail

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.

article thumbnail

The NDP Hitting Canadian Homes With A 75% Capital Gains Tax Wouldn’t Change Much

Better Dwelling

Canadian real estate and capital gains taxes are once again in the spotlight. This week the NDP’s Jagmeet Singh promised to crack down on “big money” house flippers. This strategy largely involves hitting them with a 75 percent capital gains rate. Owners feel this will unfairly target them. Supporters think this will encourage more productive […].

128
128
article thumbnail

Cook Up a Refresh in Your Kitchen

Coldwell Banker

Choose one or a combination of a few exciting trends to easily elevate and spice up your kitchen’s décor and appeal to potential buyers’ current tastes. The post Cook Up a Refresh in Your Kitchen appeared first on Coldwell Banker Blue Matter.

119
119
article thumbnail

Lenders can use closing technology as a bargaining chip

Housing Wire

“By failing to prepare, you are preparing to fail.” While John Wooden was not the first to utter these sentiments, it became one of his more well-known mantras and undoubtedly the soundtrack to more than one of his 10 national championships. For Wooden and his teams, the preparations were made during the off-season, in practice, in the weight room, etc. to excel during the games and season.

article thumbnail

#335: What You Think You Want vs. What You Really Want, with Luke Burgis

Afford Anything

Have you ever spent years studying the wrong major, climbing the ladder at the wrong company, chasing the wrong career? Have you spent years living in the wrong city, the wrong neighborhood, the place that — deep down — you knew wasn’t really you? Have you spent years in the wrong relationship? And was there a silent part of you that knew it, even at the time … even though that person “checked all the boxes” and looked good on paper, and everyone else said you should stay?

HR 117
article thumbnail

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.