Sat.Jun 05, 2021 - Fri.Jun 11, 2021

Homebuyers are growing weary of the housing market

Housing Wire

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.

Home Price Appreciation Is as Simple as Supply and Demand

Keeping Current Matters

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.

Insiders

Sign Up for our Newsletter

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

Count of Open Construction Jobs Near Two-Year High

Eyes on Housing

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.

61 safety tips every real estate agent should read

Inman

As a real estate agent, it’s imperative that you keep safety in the forefront of your mind. Here are 61 safety tips I've compiled over the years. Some will seem stunningly obvious; others may be new to you. Even if you've heard everything repeated endlessly, please take the time to read through it.

Agents 156

Reimagining How Construction Companies Capture Progress Tracking

Speaker: Felipe Engineer-Manriquez, Christopher Gagliardi, George Hedley, and Jason Nichols

Join our esteemed panelists for their discussion on the importance of progress tracking which ultimately touches upon every digital aspect within the construction cycle. Our thought-leaders' years of experience on the job sites can help you build a better future at your company.

Mortgage rates slip back down to 2.96%

Housing Wire

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.

More Trending

Real Estate Market Values Surge in the First Quarter

Eyes on Housing

The latest results from the Federal Reserve’s Z.1

Market Wisdom from Realogy Expansion Brands CMO Jennifer Marchetti

Realty Biz

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.

Selling your home? Make sure you’re aware of hidden costs

Housing Wire

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. .

Why This Is Not Like 2008 Again

Keeping Current Matters

During the Great Recession, just over a decade ago, the financial systems the world depended on started to collapse. It created a panic that drove some large companies out of business (ex. Lehman Brothers) and many more into bankruptcy.

Residential Construction Loan Volume Moves Higher

Eyes on Housing

Ending a period of volume decline that began at the end of 2019, the volume of residential construction lending posted an increase during the first quarter of 2021.

Ramsey vs. eXp: The coaching company takes aim at the brokerage

Inman

Ramsey Solutions has given eXp Realty agents a startling choice: Switch brokerages or stop getting leads from the well-known coaching firm.

UWM goes on the offensive with price-match guarantee

Housing Wire

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.

Why You May Want To Cash in on Your Second Home

Keeping Current Matters

When stay-at-home mandates were enforced last year, many households realized their homes didn’t really fulfill their new lifestyle needs.

Sales 192

Home Maintenance: 11 Things You Should Address Immediately

Redfin

Your home is your sanctuary and maintaining it is paramount, especially if you ever plan on selling your home in the future you’ll be sure to want top dollar for it.

95

Inventory shortage sends home prices soaring at record rate

Inman

Black Knight's latest Mortgage Monitor Report recorded "the highest annual home price growth rate we’ve ever seen" in records going back nearly 30 years. Markets & Economy Mortgage ben graboske black knight home price growth home prices listings

Why we can’t build our way out of this hot housing market

Housing Wire

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.

Consumer Prices Rising at Fastest Pace in a Decade

Eyes on Housing

Consumer prices continued to rise in May, supported by increases in housing costs. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose by 0.6% in May on a seasonally adjusted basis, following an increase of 0.8% in April.

93

Cover Story: When Did Real Estate Stop Being About People?

RIS Media

ERA Real Estate Is Here to Remind Us That We Are in a Human Business . Relationships. Loyalty. Taking care of one another. Collaborating to solve problems. These concepts are not fodder for provocative headlines. And they may not be scintillating enough to sell tickets to conferences.

The New Normal for listings is endless evolution

Inman

Over the past 20 years, listings have gone from a single photo in a newspaper to having dozens of images, interactive features and 3D tours. The only constant now is change. Read the latest in our New Normal series, and join us next week at Inman Connect when we take the conversation live.

MLS 133

FHFA to review exec compensation at Fannie & Freddie

Housing Wire

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.

Equity 303

HBGI Shows Suburban Shift for Multifamily Construction

Eyes on Housing

The first quarter 2021 Home Building Geography Index (HBGI) showed that single-family home building continued to shift to low-density and low-cost markets, a trend stemming largely from the COVID-19 pandemic and first reported in the second quarter of 2020.

Helping Homebuyers Navigate High Prices and Low Inventory

RIS Media

Most markets are currently experiencing extreme inflation and home price appreciation. Depending on where you live, your market may be increasingly challenging for homebuyers due to low housing inventory and high demand.

How Refinancing Can Benefit You Right Now

American Lifestyle

The post How Refinancing Can Benefit You Right Now appeared first on American Lifestyle Magazine. Buying & Selling

86

Fannie Mae gives go-ahead for digital verification

Housing Wire

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.

I Need to Sell My House Fast, What Are My Options?

HomeLight

In a big hurry to sell your home? Even in today’s hot seller’s market where homes attract offers in as few as 16 days , it takes around 2-plus months to sell a house from list to close. And that doesn’t account for the weeks needed to clean, paint, and tidy up the property for its market debut.

How Long it Takes to Close on a House

Realty Biz

What Is The Time Frame For Closing on a Home? One of the more popular questions asked from buyers and sellers is how long it will take to close on a house. When buying or selling a home, you feel relieved once the process closes and you have the home keys handed over to you.

Bathroom Design Ideas: What’s Your Style?

Point2Homes

It may be a small space , but you can really pack a lot of style into a bathroom. It’s the one room where people tend to get a little daring with bold prints or beautiful tile.

IMBs have a duty to serve lower-income communities

Housing Wire

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.

Banks 279

How rookie agent JP Sandhu did $12-million in deals in one month

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: How rookie agent JP Sandhu did $12-million in deals in one month.