Sat.Sep 05, 2020 - Fri.Sep 11, 2020

NAR: 31% of Realtors say they feel unsafe at open houses

Housing Wire

Real estate agent safety has been a concern for years, as the job requires showing empty homes or homes occupied by others, and meeting new people, often alone. As September is Realtor Safety Month, the National Association of Realtors has released its 2020 Member Safety Report.

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Homebuyer Traffic Is on the Rise

Keeping Current Matters

One of the biggest surprises of 2020 is the resilience of the residential real estate market. Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), is now forecasting that more homes will sell this year than last year.

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Is It Time to Revamp Your Networking Strategy?

RIS Media

Is networking as we know it gone? With the impact of social distancing, the days of wine and cheese gatherings have come to a screeching halt, but that’s no reason to put your networking activities on hold. In the bestselling book, “Build Your Dream Network,” author J.

Home Prices Up 13%, Biggest Increase Since 2013

Redfin

Buyers seem undeterred, as pending sales soar 28% and a 9% increase in new listings brings little relief. Key housing market takeaways for 434 U.S. metro areas during the 4-week period ending September 6: Median home sale price increased 13% from 2019 to $319,178—the highest on record.

Sales 102

The refinancing boom is just getting started

Housing Wire

Even with refinancings driving a record $1.1 trillion in originations in the second quarter and testing the limits of lenders’ capacity, LOs, mortgage executives and economists say all the conditions are right for a string of even bigger quarters.

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Have You Ever Seen a Housing Market Like This?

Keeping Current Matters

The year 2020 will certainly be one to remember, with new realities and norms that changed the way we live. This year’s real estate market is certainly no exception to that shift, with historic highlights continuing to break records and challenge what many thought possible in the housing market.

More Trending

Housing Market Sees Biggest Uptick in New Listings in Almost 2 Years as Pending Sales Surge 21%

Redfin

Record-low inventory of homes for sale has “created a complete storm of insanity,” in small, affordable markets like Boise, which is seeing an influx of buyers leaving the West Coast.

Sales 102

Zillow: Nearly 2 million renters can become homeowners, thanks to telecommuting

Housing Wire

Telecommuting is growing in popularity as more companies establish work-from-home protocols. With this new flexibility, nearly 2 million renter households could become homeowners , according to Zillow.

Thank You, Essential Workers

Keeping Current Matters

To all essential workers on this Labor Day, thank you. The post Thank You, Essential Workers appeared first on Keeping Current Matters. Holidays

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Inside a Magnificent East Hampton Compound

Sotheby's International Real Estate

Expansive acres of lush reserve land and the waters of Gardiners and Napeague Bays create serene seclusion and a stunning backdrop for this magnificent 2.1-acre compound, sited high on a bluff affording unprecedented privacy and a sweeping view.

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Mortgage rate and housing market predictions for late-2020

The Morgtage Report

We asked 10 housing and finance experts for their mortgage rate predictions and housing forecasts for late-2020. Here's what they said. Mortgage Rates Mortgage Strategy Real Estate

It hasn’t been this hard to get a mortgage in six years

Housing Wire

Mortgage credit in August was the tightest in more than six years as a weak economy prompted lenders to tighten standards, the Mortgage Bankers Association said in a report on Thursday. The group’s Mortgage Credit Availability Index fell 4.7% to 120.9

The Latest Unemployment Rate Fell to 8.4%

Keeping Current Matters

Last Friday, the Bureau for Labor Statistics released their Employment Report for August 2020. The big surprise was that the unemployment rate fell to 8.4%, a full percent lower than what many analysts had forecasted earlier in the week.

Full Speed Ahead

RIS Media

The CENTURY 21® Brand’s Forward-Thinking Approach. Editor’s Note: This is the cover story in the August 2020 issue of RISMedia’s Real Estate magazine. Subscribe today.

How mortgage rates are determined and why you should care

The Morgtage Report

Learn how mortgage rates are determined, what causes lenders to offer you a higher or lower rate, and why mortgage rates rise and fall daily.

Pandemic may lead to foreclosure crisis, CoreLogic says

Housing Wire

A surge in the share of mortgages 90 days or more overdue in June is a signal the U.S. could be heading toward a foreclosure crisis, according to a CoreLogic report on Wednesday.

5 ‘lies’ HGTV tells viewers that impact the housing market

The American Genius for Real Estate

(OPINION EDITORIAL) HGTV has long been a fan favorite for renovations and home searches, but is the information they portray accurate? What influence does this really have on consumers?

Open House | An Elevated Farmhouse

Sotheby's International Real Estate

The modern farmhouse has become a staple of design shows and moodboards.

3 Things Clients Want From Their Real Estate Agent

RIS Media

To achieve and maintain success in real estate requires knowing what the customer needs and how to get it for them. Keep reading to learn what clients want from their agent in terms of skills, qualities and traits. A strong knowledge base.

Forbearance housing market crash bros have a problem

Housing Wire

Back in April, when the COVID-19 data and unemployment numbers were at their worst, the housing bubble boys had a halfway legitimate 2020 housing market crash thesis. If unemployment rates had stayed between 20%-30%, the economic damage down to homeowners would have been epic.

3 Keys to Leading and Growing Your Business

Real Trends

The single most important word to keep in mind when growing a real estate business or team is “people” – because understanding people and knowing how to connect with them is critical. Coaching Business

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Tips for getting a mortgage with a 680 credit score

The Morgtage Report

When you're buying a home or refinancing one, good credit scores get you access to lower mortgage rates plus a wider selection of loan products. FICO & Credit Scores FICO Housing Mortgage mortgage rates Real Estate

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Patriot Day: A Moment of Silence to Remember 9/11

RIS Media

Today marks 19 years since the devastating events that occurred in our country on Sept. 11, 2001, now recognized as Patriot Day.

U.S. mortgage rates fall to all-time lows this week

Housing Wire

Average mortgage rates for 30-year and 15-year mortgages fell to all-time lows this week, Freddie Mac said in a report on Thursday.

Luxury Real Estate Headlines: Second Week of September 2020

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Greenwich, Connecticut | Janet Milligan , Sotheby’s International Realty – Greenwich Brokerage.

7 low credit score home loans (starting at 500 FICO)

The Morgtage Report

Certain mortgage programs are designed to get lower credit applicants into homes. Find out which programs you should target as a home buyer with a low score. FICO & Credit Scores Craig Berry FICO score Housing Mortgage mortgage rates Real Estate

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What Fall Slowdown? Data Shows Markets Show Resiliency

RIS Media

In a normal market, things would be slowing down right about now. With the coronavirus impacting lives worldwide, however, things are different this year. According to realtor.com ®’s Weekly Recovery Report, the Housing Market Recovery Index reached 107.7 nationwide for the week ending Sept.

Mortgage forbearance rate falls to a nearly 5-month low

Housing Wire

The U.S. forbearance rate in the last week of August fell to the lowest level since mid-April, according to the Mortgage Bankers Association. The rate dropped to 7.16% from 7.2% in the prior week, MBA said in a report on Tuesday.

Phoenix Real Estate Market & Investment Overview 2020

Norada Real Estate

Even after suffering from the pandemic, the Phoenix housing market 2020 still comes out on top. As we saw Arizona real estate market thriving & becoming sizzling hot in the past couple of years, even the rise in mortgage rates was believed not to affect it.

7 Creative Strategies to Make Your Offers Stand Out in a Seller’s Market

The Close

A strong seller’s market is a lot like dealing with the craziness of this pandemic. You never know what to expect day to day. Listing agents are flying high with attention on their listings.