Sat.Oct 03, 2020 - Fri.Oct 09, 2020

As home prices increase, sellers have the upper hand

Housing Wire

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

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A Homeowner’s Net Worth Is 40x Greater Than a Renter’s

Keeping Current Matters

One of the best ways to build your family’s financial future is through homeownership. Recent data from the Federal Reserve indicates the net worth of a homeowner is actually over 40 times greater than that of a renter.

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Cash Deposits When Buying a Home: What to Know

Point2Homes

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.

Negative Interest Rates Aren’t Good For Real Estate. They’re Actually Really Bad

Better Dwelling

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.

Fannie Mae’s Doug Duncan offers his predictions for 2021

Housing Wire

Doug Duncan doesn’t claim to be an oracle, but the Fannie Mae Senior Vice President and Chief Economist on Thursday offered some forecasts for 2021, even amid a pandemic that has thrown markets into disarray.

Why Pricing Your House Right Is Essential

Keeping Current Matters

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.

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More Trending

Toronto’s 905 Housing Market, Still Red-Hot

Point2Homes

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.

Average U.S. mortgage rate drops to 2.87%

Housing Wire

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.

Should You Buy a Retirement Home Sooner Rather than Later?

Keeping Current Matters

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.

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Zillow Predicts Market Slowdown on Its Way

RIS Media

Is the market frenzy coming to an end? According to Zillow’s Weekly Market Report for the week ending Sept. 26, “tapering pending sales and minimal recent growth in list prices point to an overdue seasonal market slowdown.”

Luxury Real Estate Headlines: First Week in October 2020

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Alexandria, Virginia | Heather Corey , TTR Sotheby’s International Realty. Sited on 16.5

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Don’t call it a comeback

Housing Wire

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.

Is it Time to Move into a Single-Story Home?

Keeping Current Matters

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.

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How to Write Creative Real Estate Listing Descriptions + Examples

The Close

There is only one thing I don’t like about being a writer: writing. I’ve been featured in the New York Times and get 400,000 page views per month, but writing is still hard work, even for me.

Register Now: How to Maximize ACESocial to Generate Leads and Sales

RIS Media

What: The world is quickly moving further into the digital space, and that’s becoming increasingly apparent in real estate. From branding to communication, social media marketing should be a top priority for real estate professionals who want to rank among the top.

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In today’s hot housing market, how are real estate agents staying competitive?

Housing Wire

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.

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Toronto Tops Construction Crane Index, With Almost A Third of All Projects

Better Dwelling

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.

How low can we go? 30-year mortgage rate charts tell the story

The Morgtage Report

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. About Mortgages Mortgage Rates

Cover Story: A Smarter Way to Do Business

RIS Media

Why HomeSmart International Believes It Has the Business Model for the Future. Editor’s Note: This is the cover story in the October 2020 issue of RISMedia’s Real Estate magazine. Subscribe today.

400,000 mortgage borrowers are “needlessly delinquent”

Housing Wire

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.

What Hurts Property Value? 8 Things to Address Now

Redfin

Property values fluctuate as a result of many factors, and as a homeowner, it’s important to be aware of factors that can drive home value down. Some of these factors are out of your control, such as market conditions, interest rates, and the economy, while others are very much in your control.

Mortgage and refinance rates today, October 5, 2020

The Morgtage Report

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 […]. Mortgage Rates Now

5 Mistakes New Agents Make

RIS Media

The first year in real estate is the toughest. Figuring out what to do each day and implementing an effective real estate business plan is no easy task! Here are a few of the most common mistakes new agents face when starting out. They Have No System for Their Business.

Forbearance rate drops to 6.81%, MBA says

Housing Wire

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.

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Pandemic Home Renovation Trends

American Lifestyle

The post Pandemic Home Renovation Trends appeared first on American Lifestyle Magazine. Home Trends Finance Financial Advice Home Advice Home Buying Home Loan Real Estate Real Estate Agent Refinancing Renovation Seller Selling

Conventional loan rates and requirements for 2020

The Morgtage Report

Should you use a conventional loan? Learn about conventional mortgage rates and requirements and find out if you qualify for one. Conventional Loans Barbara Ballinger conventional mortgage Housing Mortgage mortgage rates Real Estate

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5 Strategies to Save for a Down Payment

RIS Media

Whether it’s a good time to buy a home or not, the first step you need to take on this journey is saving your money. A down payment will not only help to purchase a new home, but also help to determine what you can realistically afford. But starting with nothing isn’t really an option.

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Is the housing market on a sugar high?

Housing Wire

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.

U.S. Home Prices Up 15%, Largest Growth Since at Least 2005

Redfin

National median home price hit a new record of $320,625. Key housing market takeaways for 434 U.S. metro areas during the 4-week period ending October 4: The median home sale price increased 15% year over year to $320,625—the highest on record.

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Stuart Florida Wins 7th Annual Great Places in Florida Award

Waterfront Properties

Historic Downtown Stuart claimed the 7th annual Great Places in Florida award hosted by the states chapter of the American Planning Association.

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