Sat.Jan 01, 2022 - Fri.Jan 07, 2022

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FHFA hikes fees for high-balance and second-home loans

Housing Wire

The Federal Housing Finance Agency introduced new upfront fees on Wednesday for some high-balance and second-home loans sold to Fannie Mae and Freddie Mac. Upfront fees for high balance loans will increase between 0.25% and 0.75%, tiered by loan-to-value ratio. For second home loans, the upfront fees will increase between 1.125% and 3.875%, also tiered by loan-to-value ratio.

Loans 520
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Why Waiting To Sell Your House Could Cost You a Small Fortune

Keeping Current Matters

Many homeowners who plan to sell in 2022 may think the wise thing to do is to wait for the spring buying market since historically about 40 percent of home sales occur between April and July.

Sales 327
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Consumer Confidence Improved in December

Eye on Housing

Consumer confidence continued to improve in December as inflation concerns eased after hitting a 13-year high last month. Spending intentions for homes, cars, and major appliances all increased. However, consumer spending will continue to face headwinds from higher prices, Omicron surge and reduced fiscal stimulus in 2022. The Consumer Confidence Index, reported by the Conference Board, rose 3.9 points from.

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Canadian Real Estate Needed Tighter Monetary Policy A Year Ago: BMO

Better Dwelling

Just when you think Canadian real estate can’t get any more exuberant, the central bank straps a rocket to it. That was the take from BMO, whose Friday research note is a quick look at Toronto real estate prices. The city, much like the rest of Canada, is seeing some of the highest home price […]. The post Canadian Real Estate Needed Tighter Monetary Policy A Year Ago: BMO appeared first on Better Dwelling.

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Welcome to the Future of Hospitality: Smart Rooms Start Here

Speaker: Jady West, VP of Hospitality & Chris Bennett, Head of Sales & Engineering

The modern hotel room is no longer just a place to stay—it’s an experience to remember. Today’s guests expect seamless 5G connectivity, personalized comfort, and high-tech convenience. From AI-powered smart room controls to in-room entertainment and app-based services, technology is redefining hospitality from the inside out. In this new session featuring industry pros Jady West and Chris Bennett, we’ll explore how high-speed, high-bandwidth connectivity powers the innovations that are enabling

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Home affordability plummeted in fourth quarter

Housing Wire

Homeownership continues to swerve into unaffordable territory, with median-priced single-family homes becoming less affordable in three-quarters of the nation’s market, a report published by ATTOM Data Solutions last week said. Per the report , between October to December 2021, median home prices in 440 of the 575 counties analyzed by the data vendor saw notable home-price growth.

Lending 534

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Renting a House Is Getting Way More Expensive. Is It Time to Buy?

Lighter Side of Real Estate

Prices for everything have been going up—from food, to gas, to services, and people are getting less for the dollar. Rents are no exception. After an unprecedented period of time where renters could more or less just cite COVID as a reason to not pay rent, the moratoriums on evictions are gone and rents are roaring higher—particularly with single-family rental houses.

Mortgages 145
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8 Things to look for when buying a house: Expert advice

The Mortgage Report

Learn what to look for when buying a house. Real estate and housing experts share their best tips.

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FHFA to GSEs: Back to the drawing board on Duty to Serve

Housing Wire

A federal law mandates that Fannie Mae and Freddie Mac help households on moderate, low, or very low income. The government-sponsored enterprises must do this by setting a plan every three years, dubbed Duty to Serve, that provides lending liquidity and preservation goals for manufactured, rural, and affordable housing. But according to the Federal Housing Finance Agency , which has oversight power over Fannie and Freddie, the GSE’s must go back to the drawing board when it comes to their

Land 522
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There Won’t Be a Wave of Foreclosures in the Housing Market

Keeping Current Matters

When mortgage forbearance plans were first announced and the pandemic surged through the country in early 2020, many homeowners were allowed to pause their mortgage payments.

Marketing 310
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The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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Boomers Are The Only Group To Increase Their Share of Canadian Mortgages

Better Dwelling

Over the past year, we’ve heard that younger households were behind the real estate binge. In addition to transfer data showing that’s not true, Equifax mortgage data for Q3 2021 agrees. Most demographics showed little change in their borrowing patterns, except for the extremes. Millennial-led households maintained their share of mortgages, but a larger share […].

Mortgages 143
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Home Is Where the Health Is: 5 Homes Perfect for a Healthy Lifestyle

Sotheby's International Real Estate

A daily wellness routine is no sweat when a home enjoys its own top-tier fitness equipment, private lap pools, professional-caliber sports courts, and flourishing vegetable gardens. Luxurious Living in Dumbo. Brooklyn, New York | The Heyman Team, Sotheby’s International Realty – Downtown Manhattan Brokerage. Offering 4,565 square feet of sophisticated living and entertaining space along with an enviable terrace, this five-bedroom residence is a chic aerie full of light that revels in views

Brokerage 141
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Mortgage rates start 2022 with an increase

Housing Wire

The average 30-year fixed rate mortgage increased to 3.22% during the week ending Jan. 6, up from 3.11% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed rate mortgage averaged 2.65%. The 15-year fixed rate mortgage averaged 2.43% last week, up from 2.33% the week prior. A year ago at this time, it averaged 2.16%.

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Avoid the Rental Trap in 2022

Keeping Current Matters

Are you one of the many renters thinking about where you’ll live the next time your lease is up?

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Should you apply for a mortgage online? Pros and cons of digital mortgages

The Mortgage Report

When you apply for a mortgage online with an all-digital lender, it will likely be faster and easier. But that doesn't always mean rates will be lower.

Mortgages 137
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Canadian Real Estate Equity Should Be Taxed, Suggests CMHC-Funded Working Group

Better Dwelling

Canadian real estate has been the ideal tax shelter, but that might change soon. Generation Squeeze, a Vancouver-led non-profit advocating for Millennials, released its Solutions Lab report. The CMHC-funded (but independent) study has four suggestions for improving housing affordability. Today we’re going to dive into its most controversial proposal stirring debate — a progressive tax […].

Equity 136
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The big short in housing supply isn’t going away

Housing Wire

This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business.

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How To Hit Your Homebuying Goals This Year [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. If you’re looking to buy a home, you may want to put these items on your to-do list to ensure you hit your goals. It’s important to start working on your credit and saving for a down payment early. When you’re ready to begin your search, work with a real estate professional and get pre-approved so you know how much you can borrow. Connect with a real estate advisor so you have the guidance you need to achieve your homebuying goals this year.

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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

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Inside an Inspiring Oceanfront Contemporary in Malibu

Sotheby's International Real Estate

Familiarly known as the Queen’s Necklace, the sparkling jewel-like lights that ring the Santa Monica Bay make up much of the sweeping vistas enjoyed from this dazzling contemporary home perched above highly desirable Amarillo Beach. Malibu, California | Shen Schulz, Sotheby’s International Realty – Malibu Brokerage. Newly custom-built, the 5,085-square-foot modern masterwork boasts a breezy, effortless flow throughout.

Brokerage 136
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Canadian Household Debt Is Surging, and Previous Quarter Revised 3 Points Higher

Better Dwelling

Canadian household debt problems are once again worsening, after taking a brief break. The ratio of household credit market debt to disposable income climbed in Q3 2021, according to Statistics Canada (Stat Can). Households are now borrowing debt at one of the fastest rates in half a decade. Unfortunately, their incomes aren’t rising in line […].

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20 state attorneys general take aim at mortgage servicers

Housing Wire

Some Federal Housing Administration -approved mortgage servicers have routinely flouted the agency’s loan modification program, according to Washington, D.C. Attorney General Karl Racine and 20 other state attorneys general. The attorneys general wrote in a Dec. 21 letter that a number of mortgage servicers employed by FHA-approved lenders failed to adequately implement loan modification options the FHA introduced in July.

Mortgages 473
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Now vs. Then: Today’s Housing Market Looks Starkly Different From Before COVID-19

Realtor.com

Realtor.com / Getty Images Today’s highly competitive housing market looks quite different from how it did before COVID-19 struck. Over the past two years, as the pandemic raged, the number of homes for sale plunged by over 57%, leading prices to skyrocket 25% from December 2019 to December 2021, according to a recent Realtor.com® report. Last month, the number of home listings dropped 26.8% compared with the same time a year earlier.

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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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How Much Does It Cost to Remodel a Bathroom in 2022?

HomeLight

No one wants to get ready for the day in a dingy, dated bathroom or shower in a tiny stall with mildew. So when it comes to popular rooms to remodel, bathrooms are often at the top of the list , behind only the kitchen. According to online sources, the average cost of a bathroom remodel can range from. $6,600 – $16,400 depending on square footage, labor, plumbing, and electrical needs, and the types of fixtures and amenities.

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Canadian Wages Are Growing Slower Than Inflation As Low Rates Continue A Toxic Run

Better Dwelling

Canadian households will have to start cutting back and not because of higher rates. It’s the opposite, with low rates now producing toxic price growth for goods and services. Statistics Canada (Stat Can) data shows the average weekly wage saw a substantial increase in December. A closer look shows that rate failed to keep up […]. The post Canadian Wages Are Growing Slower Than Inflation As Low Rates Continue A Toxic Run appeared first on Better Dwelling.

Mortgages 135
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[video] The three most important housing factors for 2022

Housing Wire

This video is part of our HousingWire 2022 forecast series. After the series wraps in January, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business.

Mortgages 450
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Mortgage options after a natural disaster

The Mortgage Report

With natural disasters becoming more frequent and more severe, having an emergency plan for your home and mortgage is a smart thing to do.

Mortgages 126
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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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What Hurts a Home Appraisal? 16 Factors That Can Bring the Value Down

HomeLight

Your scheduled home appraisal is nearing, and no matter the circumstances, it’s always an intimidating event. Whether you plan to buy, sell, or refinance your home, an appraiser’s opinion holds a lot of weight. What hurts a home appraisal and is there anything you can do about it? The lender will be looking for an appraised value to determine what they’re willing to lend on a property.

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The Bank of Canada Used Lumber To “Prove” Transitory Inflation, Then Prices Doubled

Better Dwelling

Canada’s central bank used lumber prices to dismiss inflation, but it’s doing the opposite. In October, the Bank of Canada (BoC) used lumber to back its transitory inflation narrative. Short-term supply chain issues are the problem, not monetary policy, they explained. Excess demand fueled by easy money has since been acknowledged as the culprit by […].

Banks 133
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Opinion: Mortgage industry will shed 100K jobs this year

Housing Wire

The most wonderful time of the year, as the song would have us believe, comes to a close with Epiphany, the 12 th day of Christmas, Jan. 6. I do hope everyone had a joyous holiday season, spending some relaxing time with family and friends. The holiday season is winding down. So is the 24-month refinance market, the biggest of its kind in all of mortgage banking history.