Sat.May 01, 2021 - Fri.May 07, 2021

Navigating appraisal challenges in today’s housing market

Housing Wire

The booming real estate market has created a high demand for appraisal services. This is good news for lenders, but it puts a tremendous amount of pressure on appraisers who have to be diligent in their work, while also meeting closing dates.

Why Waiting to Buy a Home Could Cost You a Small Fortune

Keeping Current Matters

Many people are sitting on the fence trying to decide if now’s the time to buy a home. Some are renters who have a strong desire to become homeowners but are unsure if buying right now makes sense. Others may be homeowners who are realizing that their current home no longer fits their changing needs.

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Prospective Buyers Are Quickly Becoming Active Buyers

Eyes on Housing

Of the 16% of American adults considering a future home purchase in the first quarter of 2021, 63% have moved beyond planning and are actively trying to find one to buy, up from the comparable 49% share a year earlier.

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[Podcast] Masters In Business: Jonathan Miller on the Real Estate Industry

Miller Samuel

This is my fourth appearance with my friend Barry Ritholtz, a prolific columnist/blogger, radio show host/podcaster , and wealth management firm head on his Masters In Business show for Bloomberg Radio. He previously interviewed me in 2014 , 2016 and 2020.

Fannie and Freddie set dates for their new refi option

Housing Wire

The Federal Housing Finance Agency didn’t have a set date for its new refi option targeted to low-income borrowers when it announced the program last week. But on Wednesday, both Fannie Mae and Freddie Mac announced release dates for their versions of the refi product.

Are Interest Rates Expected to Rise Over the Next Year?

Keeping Current Matters

So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there’s a good chance rates will increase later this year and going into 2022, ultimately making it more expensive to borrow money for a home loan.

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5 Things Your Real Estate Website Should Have

RIS Media

When having a website, there are a few elements that you should have in place to generate leads. Not only should your SEO be on point, but your site should be easy to use and have the right content. Neighborhoods.

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When will the Federal Reserve raise rates?

Housing Wire

I propose adding a new pastime to our gold standards of baseball, barbecues, and Thanksgiving dinner. This new pastime I call Fed-Watch or When Will the Fed Raise Rates?

4 Big Incentives for Homeowners to Sell Now

Keeping Current Matters

The housing market keeps sailing along. The only headwind that could take it off course is the lack of inventory for sale. The National Association of Realtors (NAR) reports that there were 410,000 fewer single-family homes for sale this March than in March of 2020.

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March Gains for Private Residential Spending

Eyes on Housing

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 1.7% in March to a seasonally adjusted annual rate of $725.3 billion. Total private residential construction spending was 23.3% higher than a year ago.

RE/MAX sees small revenue bump, but adds lots of agents in Q1

Inman

RE/MAX announced Thursday that it saw a modest increase in revenues during the first quarter of 2021, and that it also added more than 8,000 agents between January and March — more than during any quarter in the last decade.

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What a dismal jobs report means for the housing market

Housing Wire

April was supposed to be the month that proved America’s economy had definitively kicked back into full gear. After all, roughly one million jobs were added in March , roughly 40% of the population had achieved vaccination, and key sectors of the economy planned large-scale reopenings.

Americans Find the Nonfinancial Benefits of Homeownership Most Valuable

Keeping Current Matters

Homeownership is a foundational part of the American Dream. As we look back on more than a year of sheltering in our homes, having a place of our own is more important than ever.

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Some Buyers Perceive an Improvement in Housing Affordability

Eyes on Housing

For some home buyers, housing affordability has improved. According to the Housing Trends Report for the first quarter of 2021, 35% of buyers report being able to afford half or more of the homes available for-sale in their markets. A year earlier, that share was 23%.

Rent to Own: What You Need to Know About Renting to Own

Maximum Exposure Real Estate

Rent to Own Homes—The Basics Have you heard about the potential to rent to own? Lots of people wonder how rent-to-own purchases work. You have probably seen advertisements for rent-to-own properties at one time or another.

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More renters and homeowners are making payments

Housing Wire

Fewer than 5 million households failed to make their rent or mortgage payments in March 2021, an improvement from December 2020 and the lowest number since the onset of the COVID-19 pandemic, according to a first quarter 2021 report released by the Mortgage Bankers Association.

RE/MAX predicts banner year with tech, mortgage investments

Inman

RE/MAX's Friday earnings call focused on the company's 2021 trajectory, with Motto Mortgage, booj and other tech investments paving the way to growth. Brokerage Markets & Economy Select adam contos agent count re/max re/max earnings RE/MAX Q1 2021 earnings RE/MAX Q1 earnings revenue

Latest Senior Loan Officer Opinion Survey Indicates Easing Credit Standards

Eyes on Housing

The latest results from the Federal Reserve Board’s Senior Loan Officer Opinion Survey (SLOOS) present standards on bank lending practices as they occurred in the first quarter of 2021.

Three Ways to Upgrade Your Home to Sell

Coldwell Banker

The Power to Transform Your Home: Real estate agents across the nation are leveraging RealVitalize to win listings and add value to their business. The post Three Ways to Upgrade Your Home to Sell appeared first on Coldwell Banker Blue Matter. Selling a Home Uncategorized

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6 things you should do after moving into your new home

Housing Wire

You’re all moved into your new home – now what? Unfortunately, there’s still work to be done until you can sit back and relax. And no, we’re not talking about scrolling through Pinterest for decor inspiration.

Before making a 20% mortgage down payment, read this

The Mortgage Report

Making a large downpayment is not the conservative investment you believe it is. The risks of putting 20% down on a home are real. Know what you should do. Mortgage Strategy FHA Housing Mortgage mortgage rates Real Estate

Housing Affordability Shows Signs of Weakening as Challenges Lie Ahead

Eyes on Housing

Housing affordability weakened slightly during the first quarter of 2021 as rising material costs and supply shortages, along with expected increases in mortgage rates stemming from a growing economy, are likely to exacerbate affordability challenges in the year ahead.

Why are real estate company share prices falling despite good news?

Inman

Many real estate companies have reported stronger-than-expected earnings in recent weeks, but their share prices keep dropping.

Regulatory costs add nearly $94K to new home prices

Housing Wire

A recent study by the National Association of Home Builders found that regulations imposed by all levels of government on new homes account for $93,870, or 23.8%, of the current average sales price ($397,300).

The Story That Nobody Wants To Hear

Toronto Realty Blog

TorontoRealtyBlog. This is the story that nobody wants to hear, or , it’s the story that everybody wants to hear. It depends on where you find yourself on the real estate ladder, and to a certain extent, how you feel about the industry and the market in general.

Connect With Prospects and Leads Using the ‘Daily Five’ Method

RIS Media

Farming a neighborhood or geographic area is a tried-and-true method for generating leads. So is sending direct mail to those targets.

New realtor.com market report hints inventory relief is coming

Inman

Realtor.com's latest weekly market report showed a boost in new listings during the last week of April — a hopeful signal that lower home prices are near. Markets & Economy News Brief active inventory homebuyers homeowners homesellers inventory new listings realtor.com time on market

Mortgage rates remain under 3% for third week in a row

Housing Wire

For the third consecutive week, mortgage rates managed to remain under 3%, dropping three basis points last week to an average of 2.96%, according to Freddie Mac ‘s PMMS.

Helpful Hacks To Make Moving Comfortable

Realty Biz

Are you planning on upgrading to a bigger home in a centrally-located and posh neighborhood? Or perhaps, you’re leaving behind your hometown in favor of a quieter, more peaceful life in the suburbs?

4 Ways to Incorporate Networking Into Your Daily Life

RIS Media

Networking. A delight for some, a nightmare for others. Whatever your feelings are about networking, it is an essential part of being a real estate agent. However, just because it’s necessary, doesn’t mean that it can’t be fun and personally fulfilling as well.

The next big thing in second home sales: co-ownership

Inman

Pacaso is the modern way to buy and own a second home. We bring together buyers to purchase and collectively own a second home, and provide a fully managed, end-to-end service. Agent Sponsored luxury real estate second homes The next big thing in second home sales: co-ownership vacation homes

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Mortgage complaints hit three-year-high, CFPB says

Housing Wire

In April, the Consumer Financial Protection Bureau warned the industry of its plans to keep a much closer eye on servicers as they transition borrowers out of forbearance. On Tuesday, a report from the government watchdog may have just kicked up the incentive.

Mortgage and refinance rates today, May 6, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday. So we haven’t seen a fall since Monday. Of course, these rates are still very low. But the downward […]. Mortgage Rates Now

Top 10 Coldwell Banker Stories of the Month – April 2021

Coldwell Banker

Extra, extra! Read the top 10 news items that ran in April about Coldwell Banker and its stellar agents. This is just a sampling of the 1,000+ mentions that occur every month. The post Top 10 Coldwell Banker Stories of the Month – April 2021 appeared first on Coldwell Banker Blue Matter.