Housing Wire

AUGUST 21, 2020

Existing-home sales jumped 25% in July from June, beating the prior record of a 21% gain set a month earlier , as low mortgage rates fueled demand for real estate. Sales of single-family homes, townhomes, condominiums, and co-ops rose to a seasonally adjusted 5.86 million, the National Association of Realtors said in a report on Friday. The median price increased 8.5% from a year ago to $304,100, breaking through the $300,000 threshold for the first time.

Sales 546

Sales Mortgages Finance Marketing 546

Keeping Current Matters

AUGUST 17, 2020

The news these days seems to have a mix of highs and lows. We may hear that an economic recovery is starting, but we’ve also seen some of the worst economic data in the history of our country. The challenge today is to understand exactly what’s going on and what it means relative to the road ahead. We’ve talked before about what experts expect in the second half of this year , and today that progress largely hinges upon the continued course of the virus.

As-is 324

As-is Marketing 324

Better Dwelling

AUGUST 20, 2020

Canadians have a metric buttload of debt, and a lot of it’s not being paid, according to a big three credit bureau. TransUnion data shows the balance of accounts on payment deferrals is now over a quarter trillion at the end of Q2 2020. A significant share of the debt on payment deferrals is subprime, […]. The post Canadian Households Have Deferred Payments On Debt Worth $247 Billion appeared first on Better Dwelling.

Mortgages 145

Mortgages 145

Lighter Side of Real Estate

AUGUST 20, 2020

Most homeowners and real estate agents will agree that decor from the 1980s and ‘90s can make a room feel dated, and perhaps even unappealing. But one iconic brand from that era is leaning hard into the nostalgia aesthetic and generating plenty of interest. The last standing Blockbuster video store, located in Bend, Oregon, is offering movie buffs the chance to visit the past and spend the night inside the film emporium in September.

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Branding As-is Agents 145

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

Technology

Housing Wire

AUGUST 18, 2020

The Census report on new construction showed a whopping 22.6% increase above the revised June estimate in housing starts in July. Year-over-year starts are up 23.4%. This means we can add housing starts to our growing collection of V-shaped recovery charts for the 2020 housing market. From the report: Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,496,000.

Marketing 546

Marketing New Construction Construction Sales 546

Better Dwelling

AUGUST 16, 2020

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canada Doubled Down On Real Estate In 2005. Now It’s The Biggest Bubble The G7 Has Ever Seen, And It’s Getting Bigger Canadian real estate prices have grown rapidly, but it’s not clear how much more rapidly it grew than its […]. The post This Week’s Top Stories: Canada Is The G7’s Biggest Real Estate Bubble, and Toronto Rental Inventory Soars appeared first on Better Dwelling.

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The Mortgage Report

AUGUST 18, 2020

Mortgage rates are holding low and everyone is predicting low rates through 2020. But what will interest rates do next? Advice, predictions, and your next steps.

Mortgages 145

Mortgages 145

Housing Wire

AUGUST 18, 2020

New home construction continues to climb, as privately owned single-family housing starts in July were at a seasonally adjusted annual rate of 1.496 million, a 22.6% jump from June , according to a new report from the U.S. Census Bureau. Privately owned single-family housing starts showed growth not only over the previous month but the previous year – jumping 23.4% from last July.

Construction 545

Construction New Construction Sales Mortgages 545

Keeping Current Matters

AUGUST 19, 2020

The residential real estate market has definitely been the shining light in this country’s current economic situation. All-time low mortgage rates coupled with a new appreciation of what a home truly means has caused the housing market to push forward through this major health crisis. Let’s look at two measures that explain the resilience of the real estate market.

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Residential Mortgages Marketing As-is 313

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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.

Development

Realtor.com

AUGUST 20, 2020

photoman/Getty Images DIY home improvements can be great feel-good projects. You get to learn a new skill, use your hands, and take pride in something you create yourself. But let’s face it: Your DIY project doesn’t make sense if it won’t make cents. In other words, it needs to pay off when it comes time to sell your home. “The key to winning the ROI game with home improvement is to take a less-is-more approach,” says Dan DiClerico , home expert at HomeAdvisor.

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Design Renovation As-is Technology 143

The American Genius for Real Estate

AUGUST 19, 2020

[OPINION EDITORIALS] The movement towards smart cities will change the construction industry for the best - creating more connected, collaborative, and efficient cities. The post How are smart cities impacting the construction industry? appeared first on The American Genius Real Estate.

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Construction Industrial 141

Housing Wire

AUGUST 21, 2020

The number of seriously delinquent mortgages, meaning payments overdue by 90 days or more, soared to a 10-year high during July in a tally that counts forbearances. There were 2.25 million home loans that were seriously delinquent last month as borrowers took advantage of a provision of the CARES Act that allows people impacted by COVID-19 to suspend payments for up to a year, according to a Black Knight report on Friday.

Mortgages 545

Mortgages Loans Industrial 545

Keeping Current Matters

AUGUST 20, 2020

Originally, some housing industry analysts were concerned that the mortgage forbearance program (which allows families to delay payments to a later date) could lead to an increase in foreclosures when forbearances end. Some even worried that we might relive the 2006-2008 housing crash all over again. Once you examine the data, however, that seems unlikely.

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Debt-to-income ratio Lending Equity Mortgages 307

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.

Industrial

Realtor.com

AUGUST 21, 2020

E! Entertainment / Contributor / Getty Images As we’ve seen on “Flip or Flop,” Christina Anstead is never afraid to experiment with daring design choices. And on her new show, “Christina on the Coast,” she continues to up the ante, with big risks. In the latest episode, “Bold Kitchen for a Brit,” Anstead is tasked with helping a British ex-pat, Simon , and his wife, Jetzabette , renovate their washed-out, all-white kitchen.

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Renovation Design As-is 140

Sotheby's International Real Estate

AUGUST 15, 2020

Paying homage to one of the most enduring architectural motifs, these modern farmhouses—in desirable locations from Greenwich to California’s wine country—give bucolic inspiration a sophisticated contemporary spin. Charming Wine Country Compound. Kenwood, California | Tina Shone , Sotheby’s International Realty – Wine Country – East Napa Street Brokerage.

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Brokerage Sales 140

Housing Wire

AUGUST 17, 2020

The pandemic is pushing homeowners out of the big cities and into rural and suburban areas , pushing up home prices in previously sleepy towns. In July, less densely populated areas showed more buyer interest than urban areas, Redfin said. Before the pandemic, 9% of homebuyers said they were searching for a home in rural areas. Now, 19% say they are looking at rural options.

Sales 545

Sales As-is Marketing 545

Keeping Current Matters

AUGUST 21, 2020

Some Highlights. According to trending data , searches for key real estate topics are skyrocketing online. Clearly, lots of people have questions about buying a home, and other topics related to the process. Working with a trusted real estate professional will help you create the most personalized and helpful experience. Reach out to a local agent so you have the guidance you need along the way.

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Agents 283

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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.

Agents

Better Dwelling

AUGUST 21, 2020

Canadian real estate buyers are jumping in head first, since the recession didn’t impact housing. However, since the beginning of the pandemic, experts said no issues would be apparent until the end of the year. The reason is a term only finance and banking nerds have been using – the deferral cliff. The deferral cliff […]. The post Here’s What Canada’s Mortgage Deferral Cliff Looks Like, And Why Experts Are Worried appeared first on Better Dwelling.

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Mortgages Banks Finance 138

Sotheby's International Real Estate

AUGUST 18, 2020

T-shirts in popular shops around Santa Fe are emblazoned with a lighthearted description of New Mexico: “Not really new, not really Mexico.” While that sentiment is clever, it also happens to be true. New Mexico may take its name from the nation to the south, from which many of its founding settlers traveled, but the state has a style and feel of its own, and Santa Fe even more so.

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Land Design Brokerage As-is 139

Housing Wire

AUGUST 21, 2020

Today, existing home sales blew out estimates , coming in at 5,860,000. With new home sales, pending home sales, housing starts, housing permits, and purchase applications already in v-shape recovery mode, this last metric completes the v-shaped recovery across the board for housing. Let’s just say this is the final nail in the coffin for the housing bear troll camps that were so sure that this time, housing would finally crash.

Sales 544

Sales Mortgages Lending Marketing 544

Keeping Current Matters

AUGUST 15, 2020

The post How to Be the Knowledge Broker on Social Media [LIVE WEBINAR] appeared first on Keeping Current Matters.

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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

Eye on Housing

AUGUST 19, 2020

New single-family home size trended lower during the second quarter 2020 at the beginning of what we are forecasting will be a pivot to larger home size over the next two years. According to second quarter 2020 data from the Census Quarterly Starts and Completions by Purpose and Design and NAHB analysis, median single-family square floor area ticked down to.

Design 138

Design 138

Better Dwelling

AUGUST 17, 2020

The head of Canada’s national housing agency isn’t done ruffling feathers. Evan Siddall, the CEO of Canada Mortgage and Housing Corporation (CMHC), a state-owned mortgage insurer, fired back at critics this morning. After his confidential email was leaked last week, some members of the real estate industry took to calling his statements “irresponsible.

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Mortgages Industrial 137

Housing Wire

AUGUST 19, 2020

The National Multifamily Housing Council ‘s Rent Payment Tracker reports that 86.9% of renting households had paid rent as of Aug. 13, a significant increase from Aug. 6, when just 79.3% had made rent payments. Year over year, this is just 2% less than rent payments collected Aug. 13, 2019. RealPage said that although the gradual increase in collections over the course of the month is normal, reduced unemployment benefits still leave renters unsure about where their next payment will come

As-is 544

As-is 544

Sotheby's International Real Estate

AUGUST 17, 2020

For the wine connoisseur, enjoying a glass is about more than just relaxation: it’s about transporting oneself to far away terroirs through taste, being moved by tradition and innovation, and, sometimes, finding inspiration in the way the light hits the wine. The vineyard doesn’t have to be the only place where the wine lends inspiration, either. . With some of our favorite whites and rosés in mind, we’ve sourced homes that take their design cues from the vineyard.

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Lending Design Staging Brokerage 136

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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.

Brokerage

Realtor.com

AUGUST 21, 2020

FREDERIC J. BROWN / Staff / Getty Images If you’re at all interested in home decor, you’ve probably seen or heard the word “cottagecore.” (Unless you’ve been hiding out under a crocheted afghan dodging social media, that is.) But if you’re like me, you may have wondered if this term relates to a new fitness regimen or fad diet that combines cottage cheese with a core workout.

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Design As-is 136

The Mortgage Report

AUGUST 21, 2020

A new fee will be added to conventional mortgage refinances on September 1. Will this mean higher refinance rates? For some, it's likely.

Mortgages 133

Mortgages Loans 133

Housing Wire

AUGUST 19, 2020

Mortgage applications fell 3.3% last week after interest rates rose to their highest level in two weeks , according to a report from the Mortgage Bankers Association. The refinance index also fell 5% from the previous week, however, it was 38% higher than the same week a year ago – marking its thirteenth-straight week of year-over-year gains. The refinance share of mortgage activity also fell to 64.6% of total applications from 65.6% the week prior when it hit its highest level since May.

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Fixed-rate mortgage Mortgages Loans Industrial 542