Housing Wire
JUNE 10, 2021
It’s no secret that buying a home takes time and money. Well, it turns out, so does selling a home. According to Zillow and Thumbtack’s Hidden Costs of Selling Analysis , the average homeowner spends over $15,000 in “hidden costs” to sell their home. . While a real estate agent’s commission is one of the most expensive costs, it definitely isn’t the only one.
Keeping Current Matters
JUNE 9, 2021
Home price appreciation continues to accelerate. Today, prices are driven by the simple concept of supply and demand. Pricing of any item is determined by how many items are available compared to how many people want to buy that item. As a result, the strong year-over-year home price appreciation is simple to explain. The demand for housing is up while the supply of homes for sale hovers at historic lows.
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Better Dwelling
JUNE 11, 2021
The economy made some improvements but is still overly debt-dependent. That’s what the latest household debt to GDP data from Statistics Canada (Stat Can) shows for Q1 2021. The ratio is significantly higher than a year ago, but that aside — it was high before the pandemic. Canadian households make Americans before the Great Recession […].
Maximum Exposure Real Estate
JUNE 6, 2021
How Does An Escalation Clause in Real Estate Work Have you just heard the term “escalation clause” and wonder what the heck it means? It is not uncommon for a seller to get multiple offers for a home in hot real estate markets. Bidding wars become commonplace in a seller’s market. As a buyer, the […]. The post What is an Escalation Clause and How Do They Work appeared first on Massachusetts Real Estate Exposure.
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
JUNE 7, 2021
During the previous economic expansion from 2008 to 2019, the housing market was subject to the constant refrain of build more homes. Building more homes, it was said, would solve all sorts of social problems, from making homeownership more affordable to ending homelessness. Today we are perhaps less prone to believing that a glut of new homes is the panacea society is waiting for, but the siren call to build more homes continues to be broadcast by a host of housing pundits and social do-gooders
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Better Dwelling
JUNE 10, 2021
There is no better time to teach a child how to apply for a mortgage, than during a real estate bubble, amiright? The Government of Ontario released some details on the new Grade 9 curriculum. Education minister Stephen Lecce announced math classes will now include financial literacy to make it more relatable to youth. Of […]. The post Canadian Schools Will Start Teaching 14 Year Old Kids How To Apply For Mortgages appeared first on Better Dwelling.
Realtor.com
JUNE 8, 2021
Christina Vercelletto I was pregnant with our second child when my husband and I started looking for our forever home. At the time, we were in a small apartment we’d long outgrown, and wanted all the suburban trappings of family life. We looked at 14 houses that sounded right for us, but in reality were not. Lucky No. 15, a ranch house with a huge yard on a short block overlooking Long Island’s Great South Bay, felt right from the get-go.
Housing Wire
JUNE 7, 2021
United Wholesale Mortgage has been aggressively price-cutting loans to put pressure on competitors for months now. It appears they’ve just thrown gas on the fire in the hopes of boosting their second quarter numbers, while hitting their rivals ahead of earnings call season. UWM said on Monday that they’ll price-match any conventional loan on primary residences up to 35 basis points with that of 15 different competitors: Caliber Home Loans , Cardinal Financial , Citizens Bank , Financ
Keeping Current Matters
JUNE 8, 2021
For generations, the process of buying and selling a home never really changed. A homeowner would try to estimate the market value of their house, then tack on a little extra to give themselves some negotiating room. That figure would become the listing price. Buyers would then try to determine how much less than the full price they could offer and still get the home.
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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.
Better Dwelling
JUNE 9, 2021
The most important book on Canadian real estate you’ll read this year isn’t about demographics or interest rates. It’s investigative journalist Sam Cooper’s new book, Wilful Blindness: How A Network of Narcos, Tycoons and CCP Agents Infiltrated The West. The controversial best-seller outlines how business tycoons and China set out for a power grab 40 […].
Maximum Exposure Real Estate
JUNE 7, 2021
Everything You Need to Know About Seller’s Concessions Have you heard a real estate agent using the term “seller’s concessions” and wondered what it meant? Buying a home can stretch your finances to the limit, with closing costs that could be as much as 5% of the purchase price. This can make purchasing the home […]. The post Seller’s Concessions: What is a Seller Concession and How Do They Work appeared first on Massachusetts Real Estate Exposure.
Housing Wire
JUNE 7, 2021
Homebuyers are feeling pretty discouraged by the housing market these days. The latest Fannie Mae Home Purchase Sentiment Index shows that just 35% of consumers believe now is a good time to buy a home, down from 47% in April. And those who believe it is a bad time to be a homebuyer increased to 56% from 48%. “Consumers appear to be acutely aware of higher home prices and the low supply of homes , the two reasons cited most frequently for that particular sentiment,” said Doug Duncan,
Keeping Current Matters
JUNE 7, 2021
When stay-at-home mandates were enforced last year, many households realized their homes didn’t really fulfill their new lifestyle needs. An office (in some cases two), a media room, space for children to learn, a gym, and a large yard are all examples of amenities that became highly desirable almost overnight. Zelman & Associates recently reported that sales of primary residences grew by 9% in 2020.
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.
Better Dwelling
JUNE 7, 2021
Canadian housing mania is consuming more and more of the country’s capital. The country is now devoting a record share of gross fixed capital to build homes. It’s really hard to appreciate this number without looking at the rest of the world. The share of investment devoted to homebuilding makes the US bubble look like […]. The post Canada Funnels The Largest Share of Investment Into Housing In The OECD appeared first on Better Dwelling.
Eye on Housing
JUNE 8, 2021
The count of open construction jobs increased in April to 357,000 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. Overall, hiring in the construction sector slowed in April, declining to a 4.5% rate.
Housing Wire
JUNE 10, 2021
For the first time in nearly a decade, the Federal Housing Finance Agency (FHFA) is taking a look at how its compensation measures up for executives at Fannie Mae and Freddie Mac. On Thursday, the regulator issued a request for input to determine if the current compensation is not “reasonable” or “comparable.” In a statement, FHFA Director Mark Calabria said the information the FHFA gathers will help to ensure transparent and appropriate executive compensation policies.
Keeping Current Matters
JUNE 11, 2021
Some Highlights. Longer days and sunny weather mean summer is upon us, and what better conditions than right now to upgrade to the home of your dreams ? If your needs have changed , it’s a great time to upgrade – there’s likely high demand for your current house, and today’s low mortgage rates can help you afford your dream home. If you’re ready to upgrade to a home that matches your changing needs, reach out to a local real estate professional today.
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As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.
Better Dwelling
JUNE 10, 2021
Canada has lost the bragging rights to having some of the best cities in the world for livability. Economist Intelligence Unit (EIU) released their Global Liveability Index for 2021. New Zealand managed to claim the top spot, with Japan and Switzerland not too far behind. Canada dropped out of the Top 10 for the first […]. The post Canadian Cities Plummet On The Economist’s List of Livable Cities, While US Climbs appeared first on Better Dwelling.
Realtor.com
JUNE 9, 2021
Getty Images Millennials have gone nuts for an old-fashioned decor style straight from Grandma’s house dubbed “ grandmillennial ,” and now that warm weather is here, it’s no surprise that they’re taking this look outdoors, too. Millennials are embracing this throwback look in part because it’s affordable—after all, grabbing vintage items from estate sales or DIY wares off Etsy is often more budget-friendly than buying new.
Housing Wire
JUNE 9, 2021
Federal Reserve Chairman Jerome Powell recently observed that across all kinds of financial services, activities that had once been principally the province of banks have moved into the nonbank sector, including IMBs. In discussing whether more financial institutions should have a duty to serve the capital and credit needs of lower-income communities — an obligation akin to that of banks under the Community Reinvestment Act (CRA) — he said that generally “ like activities should have like
Realty Biz
JUNE 9, 2021
As the business world works to recenter itself in the wake of this unprecedented COVID-19 crisis, innovative leadership will prove to be the most important competitive differentiator in the years to come. With this in mind, we reached out to Jennifer Marchetti , who is the Chief Marketing Officer for the Realogy Expansion Brands portfolio, including Better Homes and Gardens® Real Estate and ERA®.
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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.
Better Dwelling
JUNE 5, 2021
Canada is really depending on real estate to spackle shut the holes in the economy. Statistics Canada (Stat Can) data shows real estate commissions and fees hit a new high in March. The segment of gross domestic product (GDP) is growing so fast, it’s now a whole point of the country’s output. It also represents […]. The post Ka-Ching!
Realtor.com
JUNE 11, 2021
Getty Images Buying a house is exciting. Moving to it? Not so much! Of course, hiring a professional mover to schlep your belongings from your old home to your new abode can make things a whole lot easier. Choosing the right mover, though, will require some careful vetting. While you probably know to ask certain questions—like the cost of moving and what COVID-19 precautions the mover has in place—there’s a lot more you can cover that could help you avoid some chaos-inducing curveballs dow
Housing Wire
JUNE 10, 2021
Fannie Mae has given mortgage servicers the green light to use third-party digital vendors to verify income and asset information. Unsurprisingly, mortgage tech firms are thrilled. In a June 9 note , the government-sponsored entity told mortgage servicers they could implement the changes immediately. Servicers can use a third-party vendor to verify the information that the borrower provided in their mortgage assistance application.
Brownstoner
JUNE 7, 2021
Construction has started at the future Red Hook warehouse that will soon be home to an Amazon distribution center. Located at the former site of the Revere Sugar Factory at 280 Richards Street, on a pier sandwiched between IKEA and the former location of Fairway, it was long planned to be… Read More > The post Construction Begins at Future Amazon Warehouse on the Red Hook Waterfront appeared first on Brownstoner.
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In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.
Better Dwelling
JUNE 8, 2021
Canada’s largest bank sees much higher home price growth in the near future. RBC shared the update to their national home price forecast for 2021. The bank now expects prices to grow almost twice as much as they previously thought. In their previous forecasts, they had expected significantly more government action. With no new policy […].
Eye on Housing
JUNE 11, 2021
The latest results from the Federal Reserve’s Z.1 Financial Accounts of the United States, i.e., the “Flow of Funds”, show that, in the first quarter of 2021, the aggregate market value of all owner-occupied real estate in the United States registered the largest numerical quarterly increase in the last 20 years’ worth of data. From $32.84 trillion in the fourth.
Housing Wire
JUNE 10, 2021
Mortgage rates fell again last week, dropping three basis points to an average of 2.96%, according to Thursday data from Freddie Mac ‘s PMMS. Rates have now managed to stay within a five basis point range above or below 3% for nearly two months. Higher mortgage rates historically have signaled a strengthened economy. But this is no ordinary economy: an apprehensive bond market has been keeping a close eye on global macroeconomic trends and Fed policy changes.
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