Sat.Jul 03, 2021 - Fri.Jul 09, 2021

Fannie Mae: Sellers still thriving as home prices stay high

Housing Wire

Sellers, rejoice. Roughly 77% of respondents to Fannie Mae’s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housing market and consumer confidence to sell or buy a home, said now is a good time to sell. That’s up from 67% the prior month.

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The Truths Young Homebuyers Need To Hear

Keeping Current Matters

For many young or first-time homebuyers, purchasing a home can feel intimidating. A recent survey shows some homebuyers ages 25 to 40 may be unsure about the homebuying process and what they can afford. It found: “1 in 4 underestimated their buying potential by $150k or more”. “1

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Why Builder Lumber Prices Remain Higher than Headlines Suggest

Eyes on Housing

Lumber futures prices have decreased by 52 percent (on a front-month basis) over the past seven weeks as mill prices have fallen 48 percent over the same period.[1] 1] In contrast, prices paid by builders since late May have declined by a fraction of that impact.

Is this the right fit? Here’s how to bet on the right brokerage

Inman

As a new agent, choosing a brokerage is a vital and nerve-wracking decision. To help ensure a good fit, print out these questions, and make sure to ask them during your interview.

Millennials are Determined and Prices are Soaring: The Step-by-Step Formula for Closing More Sales to Millennial Buyers Fast!

Speaker: Paul Moya - CEO, Millennial Labs, and The Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World

Join Paul Moya, CEO of Millennial Labs and the Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World, as he shares insights and information about the importance of understanding a buyer and how their needs change with each generation.

Biden renews push for housing in infrastructure plan

Housing Wire

Housing has returned to center stage in the Biden administration’s push for an additional infrastructure plan. President Joe Biden said this week that he planned to make an “historic investment” in affordable housing, by building and rehabilitating more than two million homes. “We

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Did the Share of Concrete-Framed Homes Rise in 2020?

Eyes on Housing

Higher prices and limited availability of softwood lumber has been a key issue for housing and the overall inflation situation for the U.S. economy. With this in mind, did higher lumber prices in 2020 result in higher market shares for non-wood framed single-family homes?

Oregon becomes first US state to ban homebuyer love letters

Inman

Homebuyers have used these so-called "love letters" help their offers stand out, but critics say they leave the door open for discrimination.

Pending home sales crush hopes of forbearance crash bros

Housing Wire

The most recent pending home sales report that soundly beat estimates after a downtrend in the previous months caused some serious head-scratching. Pending home sales were up a healthy 8% from April and just over 13% compared to the same month last year.

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Selling Your House? Make Sure You Price It Right.

Keeping Current Matters

There’s no denying we’re in a sellers’ market. With low inventory and high buyer demand, homes today are selling above the asking price at a record rate.

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Reimagining How Construction Companies Capture Progress Tracking

Speaker: Felipe Engineer-Manriquez, Christopher Gagliardi, George Hedley, and Jason Nichols

Join our esteemed panelists for their discussion on the importance of progress tracking which ultimately touches upon every digital aspect within the construction cycle. Our thought-leaders' years of experience on the job sites can help you build a better future at your company.

Shortages Cause Builders to Raise Prices, Pre-Order Materials

Eyes on Housing

Recent posts have discussed how builders are facing widespread shortages of many building materials, and how materials prices for the same house have increased by 26 percent over the past year.

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Foreclosure watch: The 10 most at-risk US cities

Inman

A new report found that 14.7 percent of the 7.6 million mortgages backed by the Federal Housing Administration were delinquent in May. Markets & Economy Mortgage News Brief american enterprise institute Edward Pinto federal housing administration foreclosure foreclosure moratorium Tobias Peter

Digital closings have spiked 228% since 2019

Housing Wire

The number of title and settlement companies offering digital closings has increased 228% since 2019, as more of the industry moves online in the wake of the COVID-19 pandemic.

Home Builders Ramp Up Construction Based on Demand

Keeping Current Matters

If you’re thinking of buying a home, there really is no time like the present. With today’s low mortgage rates, you have a great opportunity to get more home for your money. The challenge is inventory.

What Areas Grew the Most? Single-Family Home Building in 2020

Eyes on Housing

According to NAHB analysis of the Survey of Construction (SOC), new single-family starts expanded at a fast pace in 2020. Nationally, 993,635 new single-family units were started in 2020, 12% higher than the units started in 2019.

Get it all done: 9 time management strategies for rookie agents

Inman

Here are some failsafe ideas on how to get more done, culled from a wide assortment of achievers, including Jerry Seinfeld, former President Eisenhower, Winston Churchill and industry insiders. Agent New Agent Month Select Candide Chestnut Park Real Estate Brokerage christy murdock edgar Dwight D.

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Mortgage rates fall back down to 2.9%

Housing Wire

The average 30-year fixed-rate mortgage fell eight basis points from the week prior to 2.9%, according to data released Thursday by Freddie Mac ‘s PMMS. According to Sam Khater, Freddie Mac’s chief economist, last week’s dip followed the concurrent drop in U.S.

Armed with savings from the pandemic, young adults eye homeownership

Realty Biz

Zillow believes that most millennials and Gen Zers are enthusiastic about the idea of owning a home and that a good number of them will look to buy one in the near future.

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Why Builders Still Use Lumber Despite the Price Hikes

Eyes on Housing

Although lumber prices have declined somewhat recently, this follows a period of record increases that started in mid-2020 and have left prices at historic highs. In a recent NAHB survey, 94 percent of builders reported a shortage of framing lumber.

$10M in sales from Instagram: Steal from this agent’s playbook

Inman

Whether you're brand new to Instagram or have been using it a while, if you adopt North Carolina agent Heidi Harris’ steps for yourself, you'll grow your number of followers, and your business will grow along with it.

Mortgage applications fall for third straight week

Housing Wire

Mortgage applications decreased again , this time falling 1.8% in the week ending July 2, 2021, according to the latest report from the Mortgage Bankers Association. This marks the third straight week of application declines, and represents the lowest level since the January 2020.

8 Quick tips to lower your home buying costs in 2021

The Mortgage Report

The cost of buying a home is on the rise. But don't give up. Home buying can still be affordable if you follow these 8 tips to lower your costs. Buying a home First-Time Home Buyers Real Estate

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Crosswinds for Construction Job Openings

Eyes on Housing

The count of open construction jobs declined in May to 299,000 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.

Casa Blanca takes aim at homebuyer experience with Bumble-like app

Inman

The startup’s app allows users to swipe right or left on relevant listings — right for the ones they like and left for the ones they don’t. Call it the Bumble of real estate. Agent Brokerage Select Technology Casa Blanca Erez Zarur Hannah Bomze TechCrunch

Home prices accelerating in areas without mass transit

Housing Wire

As more of the country moves to permanent work-from-home arrangements, home prices in car-dependent areas have risen twice as fast as those in transit-accessible areas, according to a recent study by Redfin. The median home-sale price in car-dependent areas, nationwide, has increased 32.8%

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Happy Birthday Kayla!

BubbleInfo

Today is Kayla’s 30th birthday! The stories started early last night, and the favorite was her memory of us going to Disneyland when she was a kid, and waiting in line for autographs from a boy band who was playing that week. Before we got to the front of the line, they shut down the […].

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Best Tips For Lowering Your Property Tax Bill

Maximum Exposure Real Estate

Get Your Property Taxes Reduced Do you feel like you are paying too much taxes on your home? Are you getting the feeling your tax assessment is higher than it should be? Appealing property taxes is something a lot of homeowners are forced to do.

A buyer-friendly market may soon be in reach, new data suggests

Inman

The fall could bring cooling prices and more inventory, according to a new report from realtor.com released Thursday. Agent Data Select danielle hale inventory median home price growth price growth realtor.com Redfin

Homes are selling well over listing prices as buyers compete against each other

Housing Wire

In case you didn’t know, we’re living in a seller’s market. But even though home prices are at record highs , buyers are still in the market. Not only are they shopping, but they’re putting down offers well over the listing price. Are you in the market for a home? Be prepared to spend money.

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Mitt Takes The Bit

BubbleInfo

Mitt Romney has sold his oceanfront La Jolla home for $23.5 million. The Utah senator, and former Republican presidential candidate, completed the sale June 30, according to the San Diego County Recorder’s Office.

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