Housing Wire

NOVEMBER 1, 2021

With mortgage rates falling during the COVID-19 crisis, many households were able to refinance to lower payments. Because a mortgage payment is almost always the most prominent payment households make each month, lower payments have allowed homeowners who bought homes to have better cash flow over the last few years. This means mortgage holders who have refinanced their homes to lower payments while their wages have also grown look great on paper.

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Keeping Current Matters

NOVEMBER 4, 2021

With forbearance plans coming to an end, many are concerned the housing market will experience a wave of foreclosures similar to what happened after the housing bubble 15 years ago. Here are a few reasons why that won’t happen. There are fewer homeowners in trouble this time. After the last housing crash, about 9.3 million households lost their homes to a foreclosure, short sale, or because they simply gave it back to the bank.

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Eye on Housing

NOVEMBER 1, 2021

NAHB analysis of Census Construction Spending data shows that total private residential construction spending decreased 0.4% in September to a seasonally adjusted annual rate of $773.5 billion. Total private residential construction spending was 19.3% higher than a year ago. Spending on single-family, multifamily constructions and improvements all declined in September, as homebuilding is still facing the supply chain issues, the.

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Sotheby's International Real Estate

OCTOBER 30, 2021

Whether they’re sculptural and contemporary or forged from Baccarat crystal, distinctive light fixtures make each of these homes shine. Magnificent Contemporary Farmhouse. San Francisco, California | Dana Cappiello, Sotheby’s International Realty – San Francisco Brokerage. This one-of-a-kind home is replete with showstopping spaces, each with unique details that include eye-catching light fixtures.

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Brokerage 143

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Housing Wire

NOVEMBER 5, 2021

J.P. Morgan , through its private label conduit , J.P. Morgan Mortgage Trust , so far this year has sponsored 13 private-label securitization offerings backed by jumbo loans valued at $13.8 billion. Those offerings, current through the end of October, involved more than 14,000 jumbo mortgages, according to bond-rating agency presale reports. The data show that J.P.

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Marketing Loans Mortgages Residential 535

Keeping Current Matters

NOVEMBER 3, 2021

Mortgage rates are one of several factors that impact how much you can afford if you’re buying a home. When rates are low, they help you get more house for your money. Within the last year, mortgage rates have hit the lowest point ever recorded, and they’ve hovered in the historic-low territory. But even over the past few weeks, rates have started to rise.

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Sotheby's International Real Estate

NOVEMBER 2, 2021

The unmistakable style of prolific architect William Pereira—whose cutting-edge creations included such landmarks as the Transamerica Pyramid in San Francisco—helped define the 20th century’s design aesthetic. This iconic midcentury residence, designed by Pereira and painstakingly restored, exhibits many of his trademark elements and his forward-thinking style.

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Design 142

Housing Wire

NOVEMBER 4, 2021

For career switchers looking for a new path that doesn’t necessarily require a college degree, they could do worse than the building trades. To keep pace with current construction demand, and account for attrition, 740,000 new construction workers are needed each year for the next three years , a report by the Home Builders Institute contends. “The construction industry needs more than 61,000 new hires every month, if we are to keep up with both industry growth and the loss of workers either thr

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Keeping Current Matters

NOVEMBER 1, 2021

Rents have increased significantly this year. The latest National Rent Report from Apartmentlist.com shows rents are rising at a rate much higher than the three years leading up to the pandemic: “Since January of this year, the national median rent has increased by a staggering 16.4 percent. To put that in context, rent growth from January to September averaged just 3.4 percent in the pre-pandemic years from 2017-2019.”.

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Equity Loans Mortgages As-is 250

Better Dwelling

NOVEMBER 1, 2021

Canadians might see much higher borrowing rates in the not-so-distant future. Scotiabank chief economist Jean-François Perrault has forecast up to 8 rate hikes within 2 years. He sees elevated inflation backing the Bank of Canada (BoC) into a corner on the issue. Inflation appears to be a lot less transitory than thought. If that’s the […].

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Banks Mortgages 138

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Loans

Realty Biz

NOVEMBER 3, 2021

If you find you need a source of extra income, the equity you have in your home could be the solution. A second mortgage will release some of the money you’ve put into your home when you need it the most, but there are some negatives to consider. There are some common mortgage questions to ask prior to obtaining a mortgage. We’ll review the five things you need to know about second mortgages before you decide to apply to a lender.

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Mortgages Equity Loans Renovation 134

Housing Wire

NOVEMBER 2, 2021

On Tuesday Zillow announced it will be shutting down its Offers business, which wasn’t too much of a shock considering how their stock had been performing for some time. The news was that they had been overpaying for homes and their losses on those purchases were getting larger and larger. Life being a publicly traded company can be fantastic or brutal at times.

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Sales As-is Marketing 507

Keeping Current Matters

NOVEMBER 2, 2021

With mortgage rates climbing above 3% for the first time in months, serious buyers are more motivated than ever to find a home before the end of the year. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), puts it best, saying : “Housing demand remains strong as buyers likely want to secure a home before mortgage rates increase even further next year.” But the sense of urgency they feel is complicated by the lack of homes for sale in today’s market.

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Marketing Staging Sales Mortgages 248

Easy Agent Pro

NOVEMBER 5, 2021

The folks at EAP like to keep you updated on the social media scene and, a lot has happened since our last update. Social media tends to evolve slowly over time, but recently the evolution has quickened. It’s important for agents to understand that just because a certain platform may be popular, it may not be popular among your target audience. What good does it do you to advertise or even participate on a platform where the chances of consistently generating leads on it are dinky?

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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.

Sales

Realty Biz

NOVEMBER 2, 2021

Pending home sales, a key measure of signed contracts to buy existing homes, unexpectedly dropped by 2.3% in September compared to a month ago. The National Association of Realtors said sales may have dropped due to higher mortgage rates. Analysts were expecting a small monthly gain in pending home sales. The average 30-year fixed-rate mortgage fell below 3% in July and stayed at that level until the first week of September, before rising to end the month at 3.15%, Mortgage News Daily reported.

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Sales Fixed-rate mortgage Mortgages Closing 131

Housing Wire

NOVEMBER 3, 2021

Zillow CEO Rich Barton. “Look, similar to other technology companies that have gone before us, we strongly believe in taking big swings and failing fast. We have learned from our experience in Zillow Offers in Q3 and are applying those learnings as we look ahead.”. Those were Zillow CEO Rich Barton’s closing remarks on Tuesday’s earnings call, after the CEO shockingly announced the wind down of the Zillow Offers iBuying program, plus a pending lay off of 2,000 employees.

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Keeping Current Matters

NOVEMBER 5, 2021

Some Highlights. Heading into the end of the year, you might wonder if it’s still a good time to sell your house. Here’s what the latest data from the National Association of Realtors (NAR) says. Housing supply is lower than last year, and home prices are up nationwide. Meanwhile, the average home is selling fast and receiving several offers. Listing now puts your house in the spotlight , meaning it could sell quickly – and for more than you’d expect.

Marketing 246

Marketing 246

Better Dwelling

NOVEMBER 3, 2021

Canadian real estate is seen as bulletproof but more banks are warning that might not be the case. CIBC Capital Markets’ November forecast shows a steep climb to the overnight rate. They expect the Bank of Canada (BoC) to hike rates up to five times over the next two years. Separately, they warned there is […]. The post There Is “Risk” In Buying Canadian Real Estate Today, BoC To Hike Rates 5x: CIBC appeared first on Better Dwelling.

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Banks As-is Marketing Mortgages 128

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.

Agents

Realty Biz

NOVEMBER 2, 2021

Are you familiar with Twitter Spaces and plan to use it for your real estate business? Is this new in-app feature helpful for real estate agents? Does it make sense to tap into its potential to drive more real estate leads? What Are Twitter Spaces? Twitter Spaces are right now more or less an experiment. Whether they will help your real estate business or not is a matter of adoption and engagement.

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Agents Industrial As-is Marketing 127

Housing Wire

NOVEMBER 3, 2021

It’s official. The Federal Reserve announced Wednesday that it will soon begin to taper its monthly asset purchases. The central bank’s Federal Open Markets Committee said Wednesday that thanks to “substantial further progress” the economy has made, it will reduce the pace of its $120 billion in monthly purchases by $10 billion for Treasury securities and $5 billion for agency mortgage-backed securities.

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Fixed-rate mortgage Banks Mortgages Finance 450

Eye on Housing

NOVEMBER 4, 2021

An earlier post revealed that 66% of buyers who were actively engaged in the process of finding a home in the third quarter of 2021 have spent 3+ months searching for a home without success. For only the third time in this series history, the top reason these long-time searchers haven’t pulled the trigger is not because they can’t find.

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Better Dwelling

OCTOBER 31, 2021

Time for your cheat sheet on this week’s top real estate stories. Canadian Real Estate Canadian Real Estate Prices Are Overvalued By Up To 91%: Moody’s Canadian real estate is massively overvalued, said a global credit rating giant. Moody’s estimates the average urban market in Canada is 22% overvalued as of Q2 2021. Large overvaluations […].

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As-is Marketing Banks Mortgages 126

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.

Agents

Realty Biz

NOVEMBER 4, 2021

Tips For Finding Who Owns a Specific Property. Are you in the process of looking for a home in a tight real estate market? You are not alone, as the inventory of homes around the country has been low for quite a while. When you’re in the process of purchasing a new house, you might encounter some properties that you like that are not listed for sale.

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Housing Wire

NOVEMBER 4, 2021

The average 30-year-fixed rate mortgage dropped to 3.09 % during the week ending Nov. 4, down from 3.14% the week prior , according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.78 %. Most economists believe mortgage rates will climb following as the Federal Reserve tightens monetary policy. The central bank’s Federal Open Markets Committee announced on Wednesday that it will begin to taper its monthly asset purchases starting in Novembe

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Fixed-rate mortgage Mortgages Banks Industrial 441

Sotheby's International Real Estate

NOVEMBER 5, 2021

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Hillsborough, California | Jennifer Gilson, Golden Gate Sotheby’s International Realty . ‘The ‘Western White House,’ and former home of William Randolph Hearst, is currently on the market for $25 million. Inside William Randolph Hearst’s ‘Western White House’ in California – Cottages & Gardens.

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Design Marketing 116

Better Dwelling

NOVEMBER 4, 2021

It’s not just Toronto or Vancouver real estate. Canadian home prices have risen so fast, they’re no longer affordable for Canadians in general. The Desjardins Affordability Index (DAI) shows housing became less affordable in Q3 2021. Falling incomes and rising home prices combined to create a national affordability crisis. The financial institution doesn’t see much […].

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As-is 123

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Agents

Realty Biz

OCTOBER 31, 2021

So-called “zombie properties”, or homes that sit vacant due to foreclosure, have become difficult to find in the last few years as the economy recovered from the Great Recession of the late 2000s. However, experts say that with coronavirus pandemic-related foreclosure moratoriums now at an end, we could soon see a backlog of foreclosures resulting in a new wave of zombie properties emerging in American neighborhoods.

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Staging Residential Mortgages As-is 120

Housing Wire

NOVEMBER 1, 2021

Mortgage lending titan Rocket Mortgage is bringing its tech straight to financial institutions. The lender announced Friday a partnership with Salesforce to deliver Rocket’s mortgage origination capabilities directly to banks, credit unions and other FIs through Salesforce Financial Services Cloud. Rocket is now the first mortgage lender to provide an end-to-end “mortgage-as-a-service” solution through Salesforce’s financial cloud.

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Banks Mortgages Loan Officer Lending 416

GeekEstate

OCTOBER 31, 2021

In the past, property management hasn’t been a particularly tech-savvy industry, but modern technology is helping virtually every sector increase speed and efficiency. Even if you still prefer to manage your properties through paper receipts and spreadsheets, today’s Millennial and Gen Z renters are demanding technology as a part of their entire rental experience.

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Sotheby's International Real Estate

NOVEMBER 1, 2021

From the iconic Glanworth Gardens in Lake Geneva, Wisconsin to a Greek Revival Townhouse in New York’s Greenwich Village, these are this month’s four featured notable properties for sale over $16 million. Wisconsin. Lake Geneva, Wisconsin | Tim Salm, Jameson Sotheby’s International Realty . In the early 1900s, famed Boston architect Shepley, Rutan and Coolidge, was charged with designing a new lakeside retreat for the Harris Family, the founding family of Harris Bank and Trust.

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Sales Banks Design 113

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.

Sales