Housing Wire
OCTOBER 7, 2020
Don’t call it a comeback, Good demographics and low mortgage rates have been here for years, Rockin’ the bubble boys Puttin’ the bears in fear. That’s a reference to the song “Mama Said Knock You Out” from L.L Cool J. I have used this in other articles and interviews, which runs in line with my big macro take that what drives the housing market are mortgage rates and demographics.
Keeping Current Matters
OCTOBER 5, 2020
In today’s real estate market, setting the right price for your house is one of the most valuable things you can do. According to the U.S. Economic Outlook by the National Association of Realtors (NAR), existing home prices nationwide are forecasted to increase 4.7% in 2020 and 4.1% in 2021. This means experts anticipate home values will continue climbing into next year.
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The Mortgage Report
OCTOBER 6, 2020
30-year mortgage rates chart with average 30-year rates since 1972. Rates have been dropping, but can they go lower still? Find out here.
Better Dwelling
OCTOBER 7, 2020
Toronto is one of the few real estate markets to buck the trend of fewer high rise cranes. Rider Levett Bucknall Crane Index (RLB), a global real estate advisory firm, released its Q3 Crane Index. The index shows North America saw the first decline of construction cranes in years. Toronto was a notable exception. The […]. The post Toronto Tops Construction Crane Index, With Almost A Third of All Projects appeared first on Better Dwelling.
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
Housing Wire
OCTOBER 7, 2020
For the second consecutive month, Fannie Mae’s Home Purchase Sentiment Index, a composite index designed to track consumers’ desire to sell or buy a home, gained 3.5 points in September to 81. Compared to this time last year, the HPSI is down 10.5 points, but has recovered more than half of its early pandemic-period decline when April’s HPSI hit its lowest reading since November 2011.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Realtor.com
OCTOBER 6, 2020
fstop123/iStock If you’re buying a house, you know that your home inspector will check it out and make sure it’s in decent shape. But if you want to get to know your home beyond its pretty facade, you should pepper your inspector with questions—a whole lot of them, in fact! But when you ask those home inspector questions is as important as what you ask.
Better Dwelling
OCTOBER 9, 2020
Canadians are increasingly discussing negative interest rates. Since negative interest rate policy is unconventional, there aren’t many examples. Further, there isn’t much discussion from experts that understand the concept. Despite what I’ve heard some real estate agents tell people, it won’t lead to the market boom they assume.
Housing Wire
OCTOBER 7, 2020
Are you running your real estate practice like a business? Or is being a real estate agent just a side hustle for you – something you do in your spare time? According to the U.S. Small Business Administration , only half of small businesses survive five years or longer. So, if you’re planning to be a real estate agent long-term, it’s probably a good idea to run your business like, well, a business, especially in today’s highly competitive housing market.
Keeping Current Matters
OCTOBER 8, 2020
Every day in the U.S., roughly 10,000 people turn 65. Prior to the health crisis that swept the nation in 2020, most people had to wait until they retired to make a move to the beach, the golf course, or the senior living community they were looking to settle into for their later years in life. This year, however, the game changed. Many of today’s workers who are nearing the end of their professional careers, but maybe aren’t quite ready to retire, have a new choice to make: should I move before
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Point2Homes
OCTOBER 6, 2020
Image: vinnstock / Shutterstock.com. Cash offers have traditionally been a great way to get a discount or encourage a reluctant seller. However, when it comes to mortgages, cash can suddenly lose its appeal. Nowadays, lenders want to know exactly where all your funds are coming from. For instance, using undocumented cash funds could create unexpected issues in a real estate transaction.
Eye on Housing
OCTOBER 5, 2020
For the first time since the Census Bureau started tracking lot sizes for new single-family detached homes, the median lot size for homes sold in 2019 dropped to 8,177 square feet, or 0.188 of an acre. This represents a solid drop of 390 square feet since 2018 and a new record low. The shrinking median lot size largely reflects the. Read More › The post Lot Size Hits New Record Low in 2019 first appeared on Eye On Housing.
Housing Wire
OCTOBER 5, 2020
The U.S. forbearance rate measuring the share of mortgages with suspended payments fell to 6.81% in the last week of September, the lowest since mid-April, according to the Mortgage Banker Association. The rate dropped from 6.87% in the prior week, MBA said in a report on Monday. The forbearance rate for Fannie Mae and Freddie Mac loans dropped seven basis points to 4.39%, while the rate for Ginnie Mae loans that include loans backed by the Federal Housing Administration increased one basis poin
Keeping Current Matters
OCTOBER 6, 2020
Once the kids have left the nest, you may be wondering what to do with all of the extra space in your home. Chances are, you don’t need four bedrooms anymore, and it may be a great time to sell your house and downsize, maybe even into a single-story home. You’ve likely gained significant equity if you’ve lived in your home for a while, so making a move while demand for your current house is high could be your best step forward toward the retirement goals you set out to achieve several years ago.
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.
Realtor.com
OCTOBER 5, 2020
Jennifer Blount / Getty Images As the coronavirus hangs on into the fall season, having outdoor space is proving more valuable than ever. But now that cooler weather is on the way, stretching out the life of your porch, backyard, or balcony is the next smart step. Especially in colder northern climates, where summers are shorter, extending the use of outdoor areas is an increasingly essential step, says Ana Cummings of the eponymous design firm.
Maximum Exposure Real Estate
OCTOBER 5, 2020
What Will Movers Do For You? Are you going to be buying or selling a home? One of the most challenging aspects of each is moving. Let’s face it; moving is hard work. If you want to avoid any of the back-breaking work involved in moving home, you can. Full-service movers can step in to […]. The post What Services Do Movers Provide appeared first on Massachusetts Real Estate Exposure.
Housing Wire
OCTOBER 6, 2020
There are about 400,000 mortgage borrowers “needlessly delinquent” as a result of the COVID-19 pandemic who did not use available forbearance options, according to a report from the Urban Institute. These are borrowers with mortgages backed by the federal government who could have gotten help by getting a forbearance agreement, a right given to them by the CARES Act passed by Congress at the end of March, according to the report by Laurie Goodman and Michael Neal.
Keeping Current Matters
OCTOBER 9, 2020
Some Highlights. If you’re ready to sell your house but you’re worried about finding one to move into, why not invest in a brand-new home built just for you? New construction is on the rise, so it’s a great time to think about a custom home to fit your family’s changing needs. Reach out to a local real estate professional to understand how to sell your house while buyer demand is high and find a new home to call your own while you’re at it.
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REM Online
OCTOBER 7, 2020
The following content may have been republished here without the author's permission. The original post can be found at the following URL: Unconditional offers to buy are binding, appeal court rules. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. An “unconditional” offer is one that is made without any conditions attached – such as the buyer first being able to obtain financing, obtain a satisfactory home inspec
Eye on Housing
OCTOBER 5, 2020
Real gross domestic product (GDP) decreased in all 50 states and the District of Columbia, in the second quarter of 2020 compared to the previous quarter, as a result of reflecting “stay-at-home” orders across the country due to COVID-19. The U.S. Bureau of Economic Analysis reported the real GDP growth rates, measured on a seasonally adjusted annual rate basis, ranged from.
Housing Wire
OCTOBER 8, 2020
The average U.S. mortgage rate for a 30-year fixed loan is 2.87% this week, dropping one basis point from last week’s 2.88% , Freddie Mac said in a report on Thursday. The rate is now one basis point from an all-time low set in mid-September. The average fixed rate for a 15-year mortgage was 2.37%, rising one basis point from last week’s 2.36%, the mortgage securitizer said.
Realtor.com
OCTOBER 7, 2020
Westend61/Getty Images This year’s coronavirus pandemic and the accompanying recession have turned a lot of people’s financial plans upside down. But those millennials who’ve been lucky enough to hang onto their jobs are fast-tracking their plans to buy a home, in part because the pandemic is helping them do so. The nation’s largest generation has been helped by record-low mortgage interest rates, according to a recent realtor.com® survey.
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Better Dwelling
OCTOBER 5, 2020
One of the world’s largest banks is seeing real estate bubbles across the world. UBS analysts published their 2020 Bubble Index, noting this many markets haven’t increased at once since 2006. In Canada, Toronto lost it’s spot as the world’s second biggest bubble to Frankfurt. Despite slipping in rank, the bank is noting fundamentals continue […].
Eye on Housing
OCTOBER 7, 2020
For the week ending October 2, 2020, the Mortgage Bankers Association’s Weekly Application Survey, showed a 4.6% increase in overall mortgage activity from the previous week on a seasonally adjusted basis, as seen in its Market Composite Index. The growth was driven primarily by the Refinancing Index, which shot up by 8.2% from the previous week, driven by a drop.
Housing Wire
OCTOBER 7, 2020
V#&WUA. – no, I’m not beeping something out. These days, it seems those symbols are all the economic recovery scenarios that are possible as the U.S. looks to recover from the pandemic that has gripped our nation in 2020. For the housing market, that recovery could look different from the larger economy. In the Spring of of 2020, as stay-at-home orders spread across the U.S. and many businesses began to close, the housing market proved to be incredibly resilient, thriving amid record l
The Mortgage Report
OCTOBER 5, 2020
Today’s mortgage and refinance rates Average mortgage rates fell last Friday. And that all but wiped out Thursday’s rise. So they ended the week very slightly lower than they started […].
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Better Dwelling
OCTOBER 8, 2020
Canadian condo investors are facing another risk – rising insurance premiums. The event, which the industry is calling the “condo coverage crisis,” saw premiums rise at the end of last year. This trend of higher rates is expected to persist into the future, as replacement values and insurance demand continue to rise. The rising premiums […]. The post Why Canada’s Condo “Insurance Crisis” Should Make Investors Nervous appeared first on Better Dwelling.
Point2Homes
OCTOBER 9, 2020
Image: karamysh / Shutterstock.com. While the strong Toronto real estate market continues to make headlines, the 905 area surrounding the city is hotter than ever. It is even outperforming the 416. The latest figures from the Toronto Regional Real Estate Board (TRREB) show that the 905 surpassed the 416 region in sales, new listings and affordability this September.
Housing Wire
OCTOBER 6, 2020
With ever-waning levels of inventory, surging homebuyer demand and bidding wars on the rise, it’s clear that sellers have the upper hand this season. And while that certainly bodes well for homeowners (hello, more profits!) that doesn’t mean every property will sell in record time or for top dollar. Are you considering putting your home on the market?
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