Sat.Jul 16, 2022 - Fri.Jul 22, 2022

Think Home Prices Are Going To Fall? Think Again

Keeping Current Matters

Over the last two years, the rate of home prices appreciated at a dramatic pace. First Time Home Buyers For Buyers Housing Market Updates Move-Up Buyers Pricing Content Hub

Bidding war rate drops to lowest level in two years

Real Trends

The cooling housing market is offering some much needed relief to frustrated homebuyers. In June, 49.9% of offers written by Redfin agents faced competition on a seasonally-adjusted basis, down from 57.3% in May and 65% a year ago, according to a new report from the brokerage.

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Ignore TikTok to your own peril – new data says your next clients are there

The American Genius for Real Estate

TikTok has been dominating the social media sector since the pandemic, and studies show it officially beat out YouTube for total time spent. The post Ignore TikTok to your own peril – new data says your next clients are there appeared first on The American Genius Real Estate.

Existing home sales are still savagely unhealthy

Housing Wire

The savagely unhealthy housing market is continuing as we get closer to August. But, there is one bright spot — inventory is rising. We still have the unhealthy dynamics of noticeable sales declines, but prices are still growing year over year.

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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 this webinar, Keller Williams Team Leader Trey Willard will teach you how to create a winning tech stack, and how to leverage apps for real estate success.

Why Pre-Approval Is a Game Changer for Homebuyers

Keeping Current Matters

If you’re planning to buy a home this year, you might have heard that pre-approval is a necessary step to take before starting out on your journey. First Time Home Buyers For Buyers Move-Up Buyers

More Trending

6 Real Estate Reality Shows Agents Wish Existed

Lighter Side of Real Estate

There’s a never-ending loop of real estate shows you can watch on TV nowadays. It doesn’t matter what time of day it is, you’re bound to find one on. But be careful: the minute you get sucked into one , you may find yourself sucked into the next the way they phase out of one episode into the next!

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Despite headwinds, these mortgage companies are hiring

Housing Wire

new jobs hiring, housing jobs, recruiting for mortgage industry. Based on the headlines, one might assume the mortgage business is a complete disaster.

Wondering Where You’ll Move if You Sell Your House Today?

Keeping Current Matters

If you put a pause on your home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market. For Sellers Housing Market Updates Move-Up Buyers New Construction Content Hub

Home Building Construction Times Slow in 2021

Eyes on Housing

The 2021 Survey of Construction (SOC) from the Census Bureau shows that the average completion time of a single-family house is around 8.2 months, which typically includes a little over a month from authorization to start and another 7.1 months to finish the construction.

Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

In this webinar, Mary Maloney will demonstrate a methodology that will help you create a pipeline with continuous prospects.

Getting a Home Loan With Low or No Down Payment

Realty Biz

Saving for a down payment was always difficult for first-time buyers, but the recent increase in home prices has made things much more challenging. Finding a sizable down payment on a house of 10% or 20% can be daunting, but there are other options.

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The housing market recession continues, despite starts data

Housing Wire

real estate investors and affordable homes. The June housing starts data beat estimates with positive revisions, however, this doesn’t change the housing market recession call that I made last month.

Should You Buy a Home with Inflation This High?

Keeping Current Matters

While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. Buying Myths For Buyers Pricing Content Hub

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Existing Home Sales Fall for the Fifth Straight Month

Eyes on Housing

As rising mortgage rates and higher home prices weighed on housing affordability, existing home sales declined for five consecutive months, according to the National Association of Realtors (NAR).

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The Complete Realtor: Tools to Successfully Manage Your Personal Life, Career, and Health

Speaker: Marki Lemons Ryhal, REALTOR, Keynote Speaker, 4X International Best Selling Author, and Podcaster at ReMarkiTable, LLC

In this webinar, Marki Lemons Ryhal will teach you how you can pivot and succeed as a real estate agent in the face of adversity!

A kick-Out Clause Beats a Home Sale Contingency For Sellers

Realty Biz

Kick-Out Clause vs. Home Sale Contingency. Depending on the type of real estate market you are likely to see different clauses added to a real estate contract. When the real estate market favors sellers home sale contingencies almost become extinct.

FHA borrower fee gridlock draws ire of industry

Housing Wire

The Federal Housing Administration ’s (FHA) decision to withhold a mortgage insurance premium cut has confounded mortgage policy experts and industry stakeholders. HUD officials earlier this year said cuts to borrower fees depended on the number of borrowers behind on their payments.

Hidden Gems in Philadelphia: 17 Under-the-Radar Spots You Can’t Miss

Redfin

Regarded as “The City of Brotherly Love,” Philadelphia, PA is best known for its rich history, world-famous cheesesteaks, and vibrant art and music culture.

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Single-Family Starts Fall to Two-Year Low on Higher Construction Costs and Interest Rates

Eyes on Housing

Increased interest rates, building material supply chain bottlenecks and elevated construction costs continue to put a damper on the single-family housing market. For the first time since June 2020, both single-family starts and permits fell below a one million annual pace.

Database Restoration: How to Revive Dead Leads and Generate New Ones

Speaker: Rivers Pearce, CEO of W8LESS

In this session Rivers Pierce, CEO of W8LESS, will teach you how winning agents restore and revive their database to continue to gain market share!

Wary builders fear new home buyers are being priced out

Realty Biz

Builders fear that demand for new homes could be on the wane. As a result, they’re taking their foot off the gas in terms of production, wary that too many prospective buyers have been priced out of the market by rising costs.

Purchase mortgage rates rise ahead of Federal Reserve meeting

Housing Wire

Purchase mortgage rates increased for the second consecutive week but at a slower pace as the market chewed on the latest U.S. inflation data, the expectation of a tightening Federal Reserve ’s monetary policy, and its economic impacts. .

New to Indy? Locals Recommend Unique Things to Do in Indianapolis

Redfin

There are plenty of reasons to move to Indianapolis. The largest city in Indiana offers the benefits of living in a major city while maintaining a little small-town charm. Countless unique activities allow newcomers to immerse themselves in their new city.

The Share of Wood-Framed Homes Increased in 2021

Eyes on Housing

Lumber prices have been on a roller-coaster ride over the past two years and reached to an all-time high price of $1,515 per thousand board feed in the week ending May 21, 2021, as reported by Random Lengths.

The Real Estate Pulse: Analyzing the 2022 Housing Market

Speaker: Grier Allen, CEO and Co-Founder of BoomTown

In this session, Grier Allen, CEO and Co-Founder of BoomTown, will breakdown the top housing trends for 2022, and help you navigate the constant changes in the market so that you can achieve success!

Homes are finally taking longer to sell

Real Trends

For the first time in two years, the median time a home spends on the market has increased. During the four-week period ending on July 17, typical homes sold spent 19 days in the market, up one day from a year prior, according to a report from Redfin published on Thursday.

Houston fugitives in custody on mortgage fraud charges

Housing Wire

Three alleged charlatans from Houston have been nabbed by federal authorities and taken into custody on charges related to mortgage fraud, credit repair and government loan fraud, the Department of Justice said on Friday. The DOJ claims that Heather Ann Campos , David Lewis Best Jr.

How and When to Buy Foreclosure Property

Realty Biz

This article might be premature because across most of the country home sales continue happening rapidly. However, ATTOM (real estate data) released comprehensive foreclosure data for the first quarter of 2022 showing a total of 78,271 U.S. properties with a foreclosure filing.

Lumber Price Decline, Record-Setting Volatility Highlight June PPI Report

Eyes on Housing

The prices of goods used in residential construction climbed 1.5% in June (not seasonally adjusted) even as softwood lumber prices fell 23%, according to the latest Producer Price Index (PPI) report. Prices have surged 41.7% since January 2020. Building materials (i.e.,

Become THE Social-Savvy Agent With This Free eBook

Close more deals from social media leads in 2022! This three-chapter eBook covers the fundamentals of building a digital strategy. You’ll hear from top industry experts and get exclusive insights into how you can become the social-savvy agent. Get your copy today!