Sat.Aug 21, 2021 - Fri.Aug 27, 2021

article thumbnail

Home sales beat estimates: no housing crash in sight

Housing Wire

The National Association of Realtors reported 5.99 million home sales for July, which was an excellent beat of estimates and a dagger into the hearts of the 2021 housing crash crew. Mother demographics and low mortgage rates , two things that have been transparent to human beings for a long time, are powerful economic forces. Both together make it very difficult for an epic housing crash in sales to happen, especially when the years 2008-2019 had the weakest housing recovery ever.

Sales 533
article thumbnail

Why 2021 Is Still the Year To Sell Your House

Keeping Current Matters

If you’re trying to decide whether or not to sell your house , this is the time to think seriously about making a move. Fannie Mae’s recent Home Purchase Sentiment Index (HPSI) reveals the number of respondents who say it’s a good time to sell is higher now than it was over the past few summers ( see graph below ). Today, the majority of consumers, 75 percent, say it’s a good time to sell a house.

Sales 251
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Selling Your Home in Today’s Market? Don’t Believe These Myths

Lighter Side of Real Estate

Between low inventory and high buyer demand, there’s no denying that we’re in a seller’s market. But just because it’s a seller’s market doesn’t mean that every house is guaranteed to sell—although you wouldn’t know that based on what people are saying. There are a lot of myths and misconceptions going around about selling in today’s market—and if you’re planning to sell, it’s important to ignore them.

Marketing 145
article thumbnail

Canada’s Election Will See Renters Outnumber Homeowners In BC and Ontario

Better Dwelling

The Canadian election is ramping up, and housing is becoming the hot button issue. Media pundits have been claiming it’s a relatively small issue, that just happens to be very loud these days. Crunching the numbers for eligible voters in BC and Ontario, that doesn’t appear to be the case. The majority of eligible voters […]. The post Canada’s Election Will See Renters Outnumber Homeowners In BC and Ontario appeared first on Better Dwelling.

144
144
article thumbnail

3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

article thumbnail

Inside Figure and Homebridge’s massive bet on blockchain

Housing Wire

Mike Cagney, co-Founder at Figure Technologies. Peter Norden, the CEO of Homebridge Financial Services , has been waiting a long time to do something truly unique in the mortgage business. Decades. “I’ve always struggled with finding a way to be different than my competition,” Norden, a 43-year veteran of the business, said. “Because the reality is, when you really look at it, all mortgage bankers sell pretty much the same products.

More Trending

article thumbnail

Exuberant Entries: 5 Homes with Colorful Front Doors

Sotheby's International Real Estate

In desirable locales from East Coast to West, these inviting homes greet visitors with front doors that provide welcoming doses of cheerful eye-catching color. Charming Carmel Cottage. Carmel, California | Noel Beutel & Steve Beutel, Sotheby’s International Realty – Carmel Rancho Brokerage. Meticulously remodeled and exemplifying the storybook charm of a cottage in the English countryside, this enchanting three-bedroom home in the picturesque village of Carmel-by-the-Sea is introduced

Brokerage 142
article thumbnail

Canada Will Almost Certainly Ban Foreign Buyers, As Both Major Parties Promise

Better Dwelling

Foreign speculators looking to buy a home in Canada might encounter a few hiccups in the next few years. The country is in the middle of a snap election, and housing is the hot topic — especially foreign ownership. Just this morning, the ruling Liberal Party announced they would ban non-resident buyers. This is the […]. The post Canada Will Almost Certainly Ban Foreign Buyers, As Both Major Parties Promise appeared first on Better Dwelling.

As-is 144
article thumbnail

Positive revisions boost new home sales report

Housing Wire

In Tuesday’s new home sales report from the Census Bureau , monthly supply hit recent highs at 6.2 months and 5.9 months on the more critical three-month average. I focus on the monthly supply as being the most critical data for the new-home market. The new home sales market is a small but essential part of the overall market and the economy. I have long said that the builders don’t build for the existing home sales market; they build based on demand for their specific products.

Sales 453
article thumbnail

Your Checklist To Get Ready To Sell [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. When it comes to selling your house, you want it to look its best inside and out. It’s important to focus on tasks that can make it inviting, show it’s cared for, and boost your curb appeal for prospective buyers. Work with your trusted real estate advisor to determine what you need to do to make sure it shows well and catches a buyer’s eye.

236
236
article thumbnail

Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

article thumbnail

Brooklyn Teens Launch Petition to Landmark Park Slope’s Grand Prospect Hall

Brownstoner

A pair of Brooklyn teens are leading the charge to save the historic Grand Prospect Hall, as its new owner races to demolish it. Solya Spiegel, 16, and Toby Pannone, 18, are spearheading the grassroots campaign to landmark the Victorian dance hall, launching an online petition and putting in a formal… Read More > The post Brooklyn Teens Launch Petition to Landmark Park Slope’s Grand Prospect Hall appeared first on Brownstoner.

137
137
article thumbnail

Canadian Housing Affordability Got Worse Under Trudeau, But Did He Do The Worst?

Better Dwelling

Prime Minister Justin Trudeau did the worst job with housing in the history of leaders. No, it was definitely Prime Minister Stephen Harper that oversaw the worst… No… this goes back to… Brian Mulroney? Uh, that was 30 years ago, but whatever. Ever since Canada’s election kicked off, everyone’s been arguing about housing.

142
142
article thumbnail

Another $15K first-time homebuyer tax credit bill emerges

Housing Wire

The much-talked-about $15,000 first-time homebuyer tax credit has made another appearance in Washington, D.C., this time as part of a housing bill introduced in the U.S. Senate. Though certain provisions of the bill contain some of the boldest proposed housing policy changes on record, affordable housing advocates say there’s one critical shortcoming.

As-is 429
article thumbnail

What Do Experts Say About Today’s Mortgage Rates?

Keeping Current Matters

Mortgage rates are hovering near record lows, and that’s good news for today’s homebuyers. The graph below shows mortgage rates dating back to 2016 and where today falls by comparison. Generally speaking, when rates are low, you can afford more home for your money. That’s why experts across the industry agree – today’s low rates present buyers with an incredible opportunity.

Mortgages 233
article thumbnail

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.

article thumbnail

LOVE, Art, and Cozy Living Close to the Venice Canals

Fancy Pants Homes

Venice is many things; a quintessential beach town, trendy foodie hotspot, hipster enclave, you name it. But most of all, it’s a hub for bohemian artists with a funky, eclectic vibe that makes it a haven for art lovers. That’s why when it comes to real estate listings, Venice falls into a category of its own. Every home that lands on our desk outdoes itself either in terms of unique architecture , picture-perfect interiors or artsy features.

Closing 136
article thumbnail

Canada’s Income Support Has Created A “Disincentive” To Work: National Bank

Better Dwelling

The Canadian economy is slowly recovering, but the unemployment rate is still elevated. Somehow small businesses are unable to find unskilled labor, even as wages rip higher. National Bank Canada (NBC) deputy chief economist Matthieu Arseneau attributes this to generous income support. In the bank’s opinion, the support has created a “disincentive” to work.

Banks 138
article thumbnail

Are home updates actually worth it right now?

Housing Wire

Should you update your home before putting it on the market? Three in four homeowners say they’d rather replace their appliances than accept a low offer on their home, according to a study by Cinch Home Services. . Cinch Home Services surveyed over 1,000 homeowners and renters to figure out how important updates are in the homebuying process. And they discovered that a majority of homeowners think upgrading their appliances will increase their home value by almost $14,000. .

article thumbnail

What To Do with Your Vacation Home as Summer Ends

Keeping Current Matters

As summer comes to a close, is it time to think about selling your vacation home? Based on recent data and expert opinions, it’s something you may want to consider. According to research from the National Association of Realtors (NAR), vacation home sales are up 57.2% year-over-year for January-April 2021. If you’ve taken your last vacation this summer, here are reasons you should consider selling your vacation home this year. 1.

As-is 219
article thumbnail

Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

article thumbnail

3 Post-Pandemic Real Estate Trends That Are Here to Stay

Realty Biz

The real estate industry is one of the top industries that have been impacted by the pandemic. To make home buying and selling more accessible while adhering to CDC guidelines, realtors have sought new effective methods to show properties virtually. However, even post-pandemic, these trends are so convenient for modern buyers they might just be here to stay.

article thumbnail

Canadian Wages Aren’t Rising, Despite Soaring Job Vacancies: BMO

Better Dwelling

Canada is seeing a shortage of labor, but no one wants to pay more. BMO chief economist Douglas Porter broke down June’s average wage earnings. He found wages aren’t rising very much, especially when considering rising vacancies and high inflation. Canadian Wages Have Been Showing Low Growth Canadian wages aren’t growing very fast, even with […].

138
138
article thumbnail

The problem with banning pocket listings

Housing Wire

This is Part 1 of HousingWire’s two-part series examining the National Association of Realtors ’ clear cooperation policy, better known as a ban on pocket listings, or homes not marketed on Multiple Listings Service. Part 1 looks at the history of NAR’s mandate and the labyrinthine network of MLSs that ostensibly sought the pocket listings ban and are now supposed to enforce it.

MLS 429
article thumbnail

4 Charming Courtyards to Welcome You Home

Sotheby's International Real Estate

Courtyards are by no means a modern architectural revelation, though they have surged in popularity in recent years as architects look to capitalize on natural light and outdoors spaces. Traditionally an open-air area surrounded by buildings or walls, courtyards are found in homes dating back to 6400 BC, and are equally effective in condensed urban environments and rambling rural settings.

132
132
article thumbnail

Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

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.

article thumbnail

The Meaning of Off Market Properties in Real Estate

Maximum Exposure Real Estate

Everything to Know About Off-Market Homes For Sale Are you ready to learn all there is to know about off-market properties? Key things you’ll discover: What are off-market properties? How to find off-market homes. Understanding real estate listing status terminology. Misleading pre-foreclosure off-market listings explained. Benefits of off-market properties.

Marketing 127
article thumbnail

Inexpensive Alternatives to Furnish Your Home

Homes.com

Within the past almost two years, the furniture industry has come to a slow crawl and it’s not due to a lack of furniture buyers. Many customers have placed orders only to be told it could take 6 months to a year to receive their orders. While other companies may have furniture items in stock, you could still end up not only waiting a long time for your item to be shipped, but pay a ton in shipping costs.

article thumbnail

How do we bring in the next generation of mortgage professionals?

Housing Wire

Mortgages changed my life. Like most mortgage industry professionals, I fell into the business. Most of us don’t grow up telling everyone that we want to change the world by selling, processing, underwriting and closing mortgages. Unless, perhaps, you are my five-year-old daughter and six-year-old son. They both make it known that they will “do mortgages with mom” while they build skyscrapers and run the country.

Mortgages 438
article thumbnail

Inside a Southern California Contemporary

Sotheby's International Real Estate

A common architectural myth holds that a modernist home—with its crisp right angles and clean rectilinear lines—will necessarily be short on warmth and comfort. This contemporary residence designed by the esteemed firm of Woods + Dangaran puts that misconception to rest: the three-level tour de force is predictably chic, streamlined, and sophisticated, but carefully chosen organic materials—rough-hewn limestone, rift-oak paneling, DuChateau wood flooring, a pebble-based reflecting pool—create ea

Design 132
article thumbnail

5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.