Sat.May 08, 2021 - Fri.May 14, 2021

Generation X is looking to move to these metros

Housing Wire

In the last few years, there’s been a lot of conversation surrounding 25 to 40-year-olds and their home purchasing habits. But according to a new LendingTree study , millennials aren’t the only ones making big purchases – Generation X is doing the same.

3 Graphs Showing Why You Should Sell Your House Now

Keeping Current Matters

There’s no doubt that 2021 is the year of the seller when it comes to the housing market. If you’re a homeowner thinking of moving to better suit your changing needs, now is the perfect time to do so.

Sales 253
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Building Materials Prices Continue to Set Record Highs

Eyes on Housing

Prices paid for goods used in residential construction ex-energy rose 1.7% in April (not seasonally adjusted) and have increased 12.4% over the past 12 months, according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Building materials (i.e.,

Mother knows best: 18 real estate moms (and kids) share the secrets to working together

Inman

This Mother’s Day, we asked these powerhouse real estate moms and their children their secrets for working together. Find out their favorite things about being colleagues, the challenges they face, and some of the ways they bring balance to their professional and familial relationships.

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We’ve got rising home prices but no housing crash in sight

Housing Wire

The key to the U.S. getting back on track economically is for its citizens to freely walk the earth again without the existential threat of COVID-19. The U.S. is getting closer and closer to meeting that goal, while other countries are still trying to control the virus.

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Your House Could Be the Oasis in an Inventory Desert

Keeping Current Matters

Homebuyers are flooding the housing market right now to take advantage of record-low mortgage rates. Many have a sense of urgency to find a home soon since experts forecast a steady rise in both rates and home prices this year and next.

More Trending

Think before you post! The line between funny and unprofessional isn’t so fine

Inman

The real estate business is insane right now. You’ve got frustrated buyers. You’re (rightfully) frustrated — and humor is a great escape. However, it's also rife with danger. Here's why you should think before you post.

Mortgage rates manage another dip to 2.94%

Housing Wire

The average 30-year fixed rate mortgage managed another dip last week, falling two basis points to 2.94%, according to Freddie Mac ‘s PMMS. Since the most recent peak in April, mortgage rates have declined nearly a quarter of a percent and have remained under 3% for the past month.

Experts Say Home Prices Will Continue to Appreciate

Keeping Current Matters

It’s clear that consumers are concerned about how quickly home values are rising. Many people fear the speed of appreciation may lead to a crash in prices later this year. In fact, Google reports that the search for “When is the housing market going to crash?”

Bidding Wars Are Most Common Reason Active Buyers Can’t Make Purchase

Eyes on Housing

An earlier post revealed that 64% of buyers who were actively engaged in the process of finding a home in the first quarter of 2021 have spent upwards of 3 months searching for a home without success.

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How long will the housing shortage last? Years — here’s why

Inman

Thinking optimistically and knowing a little about U.S. homebuilders and American ingenuity, builders might create an average of 2 million homes annually and achieve a supply-demand balance in about six years.

How appraisers value homes in a hot housing market

Housing Wire

Robin Sheridan, a real-estate broker with Compass Washington, recently listed a three-bedroom home in Seattle for $795,000. The 76-year-old brick home had what Sheridan considered a “funky layout,” with two rooms added to the back that didn’t quite integrate into the flow of the home.

It’s Not Too Late To Apply For Forbearance

Keeping Current Matters

Over the past year, the pandemic made it challenging for some homeowners to make their mortgage payments. Thankfully, the government initiated a forbearance program to provide much-needed support.

Inflation from Economic Reopening is Here

Eyes on Housing

Both headline inflation and core inflation jumped in April, reflecting strong consumer demand for products and services as the economy reopens from the COVID-19 recession. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose by 0.8%

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WATCH: ‘If consumers lose, agents lose’ in new world of real estate finance

Inman

At Connect Now on May 18, Clelia Peters is hosting the first of a three-part series on disruptions in finance and will dive in with leaders in transaction facilitation. Check out a sneak peek of the discussion.

A guide for homebuyers looking to buy their dream home

Housing Wire

Are you thinking about buying your first home? Because of today’s low interest rates , some homebuyers may be able to afford the homes of their dream. But low interest rates aren’t the only thing you should consider when house shopping. Due to high demand, the housing supply is slim.

Downsizing Your Home? Don’t Make These 10 Mistakes

Redfin

Whether you’ve decided to eliminate debt from your life, or you’re first time empty nesters ready for a new chapter, now may be the time to downsize your home. But before you start, it’s important to understand that there are many potential missteps along the way.

Jump for Open Construction Sector Jobs in March

Eyes on Housing

Job openings in construction increased in March to 344,000 unfilled positions, according to data from the BLS Job Openings and Labor Turnover Survey (JOLTS). The housing market remains hot and requires additional labor, lots and lumber and building materials to add inventory.

America’s hottest neighborhoods: North Winton Village in Rochester, New York

Inman

The older neighborhood has long been a more affordable alternative to other trendier parts of the city, but that may soon change as home prices and rents are rising as the area becomes more popular.

Sales 143

Volume-hungry mortgage lenders loosen credit standards

Housing Wire

Mortgage credit availability increased by 2.2% in April as mortgage lenders fight for borrowers in an increasingly competitive market. The Mortgage Bankers Association said Tuesday that the Mortgage Credit Availability Index (MCAI) — which uses 100 as a benchmark — increased to 128.1 last month.

How to apply for a VA home loan: Process and requirements

The Mortgage Report

Learn how to apply for a VA home loan. Follow this step-by-step process to access your VA home loan benefits and buy or refinance a house at a low rate. First-Time Home Buyers VA Loans

Loans 98

Strong Single-Family Permit Gains in March

Eyes on Housing

Over the three months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 276,110. On a year-over-year (YoY) basis, this is a 25.3% increase over the March 2020 level of 220,416.

8 strategies to get more leads — and sell more real estate

Inman

With discipline, persistence and an action-oriented acceleration plan, you can turn your real estate business into a high-growth, high-profit enterprise. Here are a few tried-and-true strategies.

New home sales battled scorching prices in April

Housing Wire

Mortgage applications for new homes dropped 9% in April from March, however, overall applications are still up a whopping 30.8% year over year for homebuilders, according to the latest survey report from the Mortgage Bankers Association.

Sales 383

Renting a PODS Moving Container: What to Know

RIS Media

Are you considering renting a PODS moving and storage container? Getting PODS for your next move will certainly help you save money compared to hiring professional movers to do it for you.

Buying a house is a great investment — if you need a home

The Mortgage Report

Is buying a house a good investment? It depends on your goals. A house is a great investment if you need a place to live, but may not maximize your returns. Buying a home First-Time Home Buyers Real Estate

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Days on market drops by nearly 50% amid inventory crisis

Inman

New listings are up 19.1 percent year over year, but demand continues to outpace new listings, leading to increasingly fewer days on market.

Foreclosures down in April as moratorium continues

Housing Wire

The number of properties with foreclosure filings hit 11,810 in April, down 1% month over month and 17% year over year, according to a recent study from RealtyTrac and ATTOM Data Solutions. May marks the 14th month of the federal government’s foreclosure and eviction moratorium.

Doing a Shower Remodel? Consider These Ideas to Breathe Life Into Your Shower Renovation

Redfin

A shower should be a sanctuary, a stress-reducing environment, somewhere you can easily relax and free yourself of a hard day’s work. But if your shower is beginning to feel outdated or is showing signs of wear, a shower renovation may be needed to breathe new life into your bathroom.

Boost Your Online Reputation With These 5 Tips

RIS Media

Your reputation as a real estate professional isn’t just built by word-of-mouth anymore. Potential clients are often checking you out online before they even get in touch with you. If you want to boost your online reputation, follow these five tips. Monitor your online presence.

US on pace for best summer ever for short-term rentals

Inman

Nationally, short-term rentals are already seeing summer 2021 demand exceed 2019 levels, according to AirDNA, a short-term rental analytics company.

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Opportunities to improve the home-building process

Housing Wire

Some things in life are so complicated that it’s easier to say, “Screw it — I’m not going to do this at all.” That’s what building a new home is like for most people.

How To Buy A House In 10 Steps

Realty Biz

Buying a house is not something that can be taken lightly. It may be the largest, most important purchase you ever make. And to make sure this is the right house for you it needs to meet two objectives: offer the right space you and your family need and work with your budget.

Refinance requirements: What you need to refinance your home

The Mortgage Report

Refinance requirements can be tricky, but the rewards are often huge. Find out what you need to meet basic refinance requirements and start saving.

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