Sat.Sep 04, 2021 - Fri.Sep 10, 2021

End of forbearance programs won’t result in housing crash

Housing Wire

One year ago this month, I coined the term forbearance crash bros , an updated name for the housing bubble boys who never got their housing crash in 2020 so they moved the collapse of housing to 2021.

Home Price Appreciation Is Skyrocketing in 2021. What About 2022?

Keeping Current Matters

One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year.

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Tracking the Geography of Home Building: Housing Affordability Metrics

Eyes on Housing

Housing affordability has gained increased attention in recent quarters due growing home prices and rents.

Ever struggle for words? Here’s how to nail client conversations

Inman

The authors of "Exactly What to Say for Real Estate Agents" provided 30 magic words to help agents have the tough conversations. Here, Bernice Ross boils down the top takeaways and adds a few suggestions.

Millennials are Determined and Prices are Soaring: The Step-by-Step Formula for Closing More Sales to Millennial Buyers Fast!

Speaker: Paul Moya - CEO, Millennial Labs, and The Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World

Join Paul Moya, CEO of Millennial Labs and the Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World, as he shares insights and information about the importance of understanding a buyer and how their needs change with each generation.

Mortgage rates stuck at 2.88% amid rise in COVID cases

Housing Wire

The average 30-year fixed-rate mortgage was stagnant at 2.88% for the week ending Sept. 9, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior , mortgage rates also held steady at 2.87%.

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Building Materials Prices: Large Increases Year-To-Date

Eyes on Housing

According to the most recent release of the Bureau of Labor Statistics Producer Price Index (PPI), the prices of goods used as inputs to residential construction including and excluding energy have risen 19.0% and 12.0%, respectively, year-to-date (YTD).

Americans cashing out as home equity hits record $9.1 trillion

Inman

Rise in home values may also help borrowers who decided to put their mortgage payments on hold during the pandemic. Mortgage cash-out refi cash-out refinacing cash-out refinance forbearance foreclosure home equity mortgage refinancing

Equity 154

Wells Fargo to pay $250 million for “reckless practices”

Housing Wire

Wells Fargo has been slapped with a $250 million civil money penalty by the Office of the Comptroller of the Currency for “unsafe or unsound practices” pertaining to their home lending loss mitigation program this week.

Banks 380

Understand Your Options To Avoid Foreclosure

Keeping Current Matters

Even though experts agree there’s no chance of a large-scale foreclosure crisis, there are a number of homeowners who may be coming face-to-face with foreclosure as a possibility.

Equity 162

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.

Square Foot Prices Up in 2020

Eyes on Housing

Median square foot prices in new custom single-family detached (SFD) homes started in 2020 increased 8%, according to NAHB’s analysis of the latest Survey of Construction data. Increases in square foot prices in new for-sale SFD homes (excluding skyrocketing improved lot values) averaged 4%.

Easy SEO wins for agents: How to beat Google by playing its game

Inman

The secret to beating Google is all about reviews. Here are three ways you can strengthen your online review strategy and beat Google at its own game. Agent Sponsored agent reviews Easy SEO wins for agents: How to beat Google by playing their game Rate my agent

Agents 156

Manufactured housing is key to affordable homeownership

Housing Wire

Last week, the Biden Administration rolled out a major initiative to take immediate, tangible steps to increase the supply of affordable housing.

Loans 389

Should I Sell My House Now or Wait? In 2021, Make Hay While the Sun Shines

HomeLight

Updated September 9, 2021. Moving is a big deal, and the decision of whether to sell your house now or wait is rarely an easy one.

Residential Construction Loan Growth

Eyes on Housing

The second quarter of 2021 marked the second consecutive quarter of loan growth for residential construction loans. These gains have lifted the year-over-year growth rate, marking an expansion of outstanding loans for home builders.

The best marketing ideas come from agents in the field

Inman

Abby Lee, senior vice president of marketing and communications at RE/MAX, shares how she got into the field, why she's been with the brokerage for over two decades and why the best feedback comes straight from agents.

Agents 148

Home demand soars in the Pacific Northwest

Housing Wire

King County in Washington is the 12 th most populous county in the U.S. with 2.2 million people, and — as home to Seattle — it is one of the wealthiest pockets of America. At the end of August 2019, there were 5,472 homes for sale in King County, according to the Northwest Multiple Listing Service.

MLS 384

5 Ways to Passively Invest in Real Estate

Realty Biz

If you’re looking for proven ways to beat inflation and generate wealth, real estate is likely your best bet. According to the Federal Reserve Bank of San Francisco , real estate investing offers many advantages over other investments — including stocks.

Two-Thirds of Homes Started in 2020 are in Community Associations

Eyes on Housing

According to data from the Census Bureau’s Survey of Construction (SOC), 67.1 percent of single-family homes started in 2020 were built within a community or homeowner’s association. This is a record high for the association percentage since the re-design of the SOC in 2009.

Your script just flopped. Here’s what you probably did wrong

Inman

Do you know what it takes to make your scripts work like a charm? Bernice Ross goes through some common objection handlers for "I only want to work with the listing agent," dissects which scripts are pure gold and which will be epic fails, and gives the best practices for using any script. .

UWM launches AMC-free appraisal program

Housing Wire

United Wholesale Mortgage (UWM) announced today that it will no longer require its brokers to use appraisal management companies to complete appraisals.

Inventory Watch

BubbleInfo

The number of pendings has increased in each of the last four weeks, and by next week could exceed the number of active listings again.

Q2 2021 HBGI: Multifamily Suburban Shift

Eyes on Housing

In the second quarter of 2021, residential construction continued to shift toward the suburbs and lower-cost markets, and this trend is especially pronounced within the multifamily sector, according to the latest Home Building Geography Index (HBGI).

Inman Review: Industry-rooted Usherpa takes care of your marketing burden

Inman

While its value proposition isn't anything totally new, there are some cool add-ons here that should entice agents needing to fire up their marketing to take a second look.

Borrowers withdrew $63B in equity in Q2

Housing Wire

Homeowners withdrew $63 billion in equity in the second quarter of 2021, according to the latest numbers from Black Knight , the most in a single quarter in nearly 15 years. There is still $9 trillion in tappable equity, a 37% increase year-over-year.

Equity 374

San Diego Home Prices To Keep Rising

BubbleInfo

Hat tip to Rob Dawg for sending in the second forecast that is predicting our home prices will continue to rise: While home price changes on the local level vary, July gains across all of the top 10 metros surpassed their 2020 levels.

90

July Construction Job Openings

Eyes on Housing

In the July labor market data, job openings for the overall economy increased to 10.9 million open positions. What had been a challenge in certain sectors, like construction, continues as a broad labor access issue as businesses seek workers as the economy reopens.

Corcoran Global Living expands NorCal reach with new partnership

Inman

Las Vegas-based Corcoran Group affiliate Corcoran Global Living has hit the jackpot with its latest expansion efforts in the San Francisco Bay Area.

Mortgage applications continue downward trend

Housing Wire

Mortgage application volume declined by 1.9% as of Sept. 3, falling to its lowest level since mid-July, according to the Mortgage Bankers Association’s weekly survey published on Wednesday. On an unadjusted basis, MBA’s index decreased by 3% compared to the previous week.

6 Ways to Stage Your Garage

American Lifestyle

The post 6 Ways to Stage Your Garage appeared first on American Lifestyle Magazine. Staging Declutter Garage Home Improvement Home Selling