Eye on Housing
NOVEMBER 9, 2022
Per the Mortgage Bankers Association’s (MBA) survey through the week ending November 4th, total mortgage activity declined 0.1% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate rose eight basis points to 7.14%. The FRM rate has risen 33 basis points over the past month and has been above 7% for the past three weeks. The Market.
Maximum Exposure Real Estate
NOVEMBER 8, 2022
How Do Assessed Value and Market Value Differ? Do you know the difference between assessed value vs. market value? If you think assessed value and market value have any correlation with one another, then you are wrong! You will discover the difference between assessed and fair market real estate values as you read further. Over […]. The post Understanding Property Assessed Values Compared to Market Value appeared first on Maximum Real Estate Exposure.
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Real Trends
NOVEMBER 8, 2022
Over the past 12 months, real estate professionals have faced significant market disruption and increased competition. Meanwhile, real estate tech innovation exploded, prompting strategic agents to learn how to leverage for the benefit of their business in 2023 and adjust their strategies to better meet the needs of increasingly savvy home buyers and sellers.
Housing Wire
NOVEMBER 9, 2022
Purchase application data is now below 2008 levels! But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care. Understanding this data line and what it is trying to tell you will be more valuable than erroneously thinking the market is crashing and we’ll see a wave of foreclosures.
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Realty Biz
NOVEMBER 7, 2022
Content marketing is a powerful way to attract potential clients and build a real estate brand. But it takes more than just writing content—real estate agents need to create the right kind of content, publish on the right platforms, and distribute it effectively. In real estate, the availability of up-to-the-minute information is crucial to success.
BubbleInfo
NOVEMBER 10, 2022
It sure seemed like there was plenty of extra buffer built into the recent mortgage rates. With the CPI report coming out more favorable than expected, the markets reacted – and boom, a half-point drop! If buyers get the feeling that both rates and prices are coming their way, it should keep them looking. If […].
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Better Dwelling
NOVEMBER 7, 2022
Many Canadian real estate buyers and investors are struggling with higher interest rates. They got some bad advice, not from a Realtor or mortgage agent, but the Bank of Canada (BoC). In a now infamous address in October 2020, Governor Tiff Macklem assured households that rates would be low for long. Households and businesses are […]. The post Was The Bank of Canada Reckless For Saying Rates Will Be Low Until 2023?
Realtor.com
NOVEMBER 7, 2022
Getty Images Since home prices shot into the stratosphere, many first-time buyers have prayed for them to fall so that they could afford to become homeowners. Their wishes appear to have been granted—and yet, they’re caught in a paradox: Even as prices have begun to dip , the cost of purchasing a home has risen. A lot. The reason for the contradiction: soaring mortgage interest rates.
Housing Wire
NOVEMBER 10, 2022
Finally, some good news: the growth rate of inflation is cooling off for now, and with the CPI inflation report being positive, the 10-year yield fell noticeably, and mortgage rates will fall with that! So, the question is, are we reaching the peak of inflation and close to the end of the Fed rate hike cycle? Let’s take a look at today’s data.
Keeping Current Matters
NOVEMBER 9, 2022
Now that the end of 2022 is within sight, you may be wondering what’s going to happen in the housing market next year and what that may mean if you’re thinking about buying a home.
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Better Dwelling
NOVEMBER 8, 2022
Canadian real estate prices went from the fastest growing to the fastest falling in just a few rate hikes. The US Federal Reserve Bank of Dallas (Dallas Fed) Q2 2022 index of real home prices shows Canada made the biggest drop in the G7. Still, Canada retained gains making it the largest real estate bubble […]. The post Canadian Real Estate Prices Are The Fastest Falling In The G7, US Gets Frothier appeared first on Better Dwelling.
Realty Biz
NOVEMBER 8, 2022
Online marketing takes many forms. From paid search advertising to social media marketing and beyond, there are dozens of different techniques you can use to lead prospects through your sales funnels and convert them into buyers. One of the most effective methods is by leveraging email. Here’s what you should know about what strategies you need to employ to get buyers through email marketing.
Housing Wire
NOVEMBER 9, 2022
While mortgage rates are high and economic uncertainty looms, there is good news for borrowers who already have a mortgage and may be looking to tap into their equity. According to Black Knight’s mortgage monitor report, the country’s housing equity position remains strong compared to its position at the beginning of the pandemic, with equity positions $5 trillion, or 46%, above pre-pandemic levels.
Keeping Current Matters
NOVEMBER 7, 2022
Every time there’s a news segment about the housing market, we hear about the affordability challenges buyers are facing today.
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Realtor.com
NOVEMBER 8, 2022
Getty Images Doom and gloom might be dominating real estate headlines these days, and many would-be homebuyers are feeling hopeless about their chances of getting a good deal in the wake of mortgage rate hikes, low housing inventory, and elevated home prices. There’s no denying that the cost of buying a house has risen, but if you dig into the data, you’ll find that many homebuyers might actually be in the driver’s seat right now.
Realty Biz
NOVEMBER 9, 2022
Did you know that the average house in the United States now costs over $350,000 ? As you might guess, this has served as an obstacle for those who are looking to purchase their first home. It's no secret that the housing market has been skyrocketing over the past couple of years. For many people, it has been virtually impossible to buy a home. This is especially true for first-time buyers.
Housing Wire
NOVEMBER 11, 2022
While elevated mortgage rates, sluggish home sales and high inflation have taken a significant toll on the housing industry, it’s unlikely that these issues will cause home prices to drop next year, at least according to National Association of Realtors (NAR) Chief Economist Lawrence Yun. In fact, we may see a further uptick in home prices in 2023, even if mortgage rates stay at or near 7%, Yun said.
Keeping Current Matters
NOVEMBER 8, 2022
Buying a home is a powerful decision, and it remains a key part of the American Dream.
Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty
Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.
Eye on Housing
NOVEMBER 10, 2022
Consumer prices in October saw the smallest year-over-year gain since January 2022, and while still elevated, inflation experienced the first month below an 8% annual growth rate since February 2022. However, the shelter index continued to rise at an accelerated pace and the energy index increased after declining for three straight months. As inflation appears to have peaked and has.
Realty Biz
NOVEMBER 7, 2022
Atlanta, Georgia - a major metropolitan center in the center of the action - is one of the shining jewels of not just the Peach State but the entirety of the southeastern US. Thoroughly modern and exhibiting tons of growth in both its population and its economy, Atlanta has become a hotbed of real estate activity in recent years that has been attracting new residents left and right.
Housing Wire
NOVEMBER 7, 2022
It’s yet another casualty in the non-QM space – California-based Athas Capital Group is winding down its operations and laying off more than 200 employees due to the challenges in the secondary market. Executives at the mortgage lender announced their decision in a letter sent on Wednesday to business partners and employees, which was reviewed by HousingWire.
Sotheby's International Real Estate
NOVEMBER 7, 2022
From a seafront property in Lidingo, Sweden, to an elegant estate in Seattle, Washington, these are this month’s four featured notable properties for sale over $10 million. Lidingo, Sweden. Lennart Alveborg | Sweden Sotheby’s International Realty. With a panoramic view of the maritime approach to Stockholm, this magnificent property is situated in a protected location on a south-facing slope.
Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.
In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.
Eye on Housing
NOVEMBER 10, 2022
Rising mortgage rates, high inflation, ongoing building material supply chain disruptions, and elevated home prices contributed to housing affordability falling – yet again – to its lowest point since the Great Recession in the third quarter of 2022. According to the NAHB/Wells Fargo Housing Opportunity Index (HOI), just 42.2% of new and existing homes sold between the beginning of July.
Coldwell Banker
NOVEMBER 11, 2022
These basic and relatively easy fixes can make an immediate impact on your daily quality of life and help you go into the new year worry-free. The post 5 New Year’s Resolutions for the Home appeared first on Coldwell Banker Blue Matter.
Housing Wire
NOVEMBER 9, 2022
The steady drumbeat of dour news in the mortgage industry punctuated by headlines announcing layoffs and closures among the ranks of independent mortgage banks continues to play out, with several lenders over the last two weeks adding to the torrent of pink slips. Rising interest rates, sparked by Federal Reserve tightening policies, is the primary cause of the mortgage-finance industry’s pain right now.
Realty Biz
NOVEMBER 7, 2022
“A picture is worth a thousand words” - we’ve all heard the saying, and how it can be applied to all sorts of situations - including the real estate market. In fact, if you’re a real estate professional, investing in good, high-quality photography for your real estate listings is an absolute must. Here’s why it’s time to put down your mobile phone camera and hire a professional photographer to take the pictures for your real estate listings.
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Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.
Realtor.com
NOVEMBER 9, 2022
Photo courtesy of Makara ADUs via Houzz Who would want to live in a tiny home in their parents’ backyard? As it turns out, a lot of people—including Lena Dunham. The writer, director, and millennial antihero recently opened the doors of her newly built 1.5-bedroom forever home to Architectural Digest. The twist? It’s situated 10 feet behind her parents’ house in Connecticut.
Coldwell Banker
NOVEMBER 11, 2022
Here are a few impactful and straightforward means of boosting your home’s value and appeal over the short or long term. The post Savvy Ways to Increase Your Home’s Value appeared first on Coldwell Banker Blue Matter.
Housing Wire
NOVEMBER 10, 2022
Consumer prices continued to rise in October, but at a slower annual pace, suggesting that the Federal Reserve’s interest rate hikes are having an impact on consumer spending habits. The Consumer Price Index (CPI) rose by 7.7% in October compared to one year ago. That is the smallest 12-month increase since the year ending in January 2022, according to data released Thursday by the Bureau of Labor Statistics.
Real Trends
NOVEMBER 8, 2022
It’s probably been a while since you orchestrated a house staging for your sellers. When the market was moving hot and fast last year, it just wasn’t as necessary to stage a home. But now , home staging could make all the difference in attracting potential buyers and signing on the dotted line. If you need a refresher, or you aren’t sold on the necessity of the process, we’ve compiled a list of the top five reasons that you should recommend home staging to your sellers.
Speaker: Ari Capogeannis, Director - Revenue Marketing at NVIDIA and Bill Pappa, Sales and Marketing Leader at Ai Media Group
Building strong personal and professional relationships with clients is a critical success factor. Sales professionals who focus on relationship building generate more leads and raise their brand awareness. Because this can take time, having regular engagements can help you cultivate these relationships more efficiently. The most effective way to accomplish this is through direct hyper-personalized touchpoints.
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