Sat.Jan 30, 2021 - Fri.Feb 05, 2021

5 tips for buying a home in a seller’s housing market

Housing Wire

There’s no doubt we’re in a seller’s housing market. With inventory at record lows, demand surging and prices on the rise, buying — even just finding — a home in today’s market is quite the challenge. Of course, nothing’s impossible.

Why Owning a Home Is a Powerful Financial Decision

Keeping Current Matters

In today’s housing market, there are clear financial benefits to owning a home: increasing equity , the chance to build your net worth , and appreciating home values, just to name a few. If you’re a renter, it’s never too early to think about how homeownership can propel you toward a stronger future.

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Several Realogy Members Recognized as RISMedia’s 2021 Real Estate Newsmakers

RIS Media

Realogy Holdings Corp. recently announced that more than 40 of its leaders, affiliated agents and broker/owners were recognized on RISMedia’s Real Estate Newsmakers list, represented across multiple categories.

Canadian Households Now Need Up To 34 Years of Savings For A Downpayment

Better Dwelling

The first hurdle to buying a home in Canada is getting much higher – saving for a downpayment. A National Bank of Canada (NBC) analysis shows it took a record number of months to save a downpayment in Q4 2020.

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Mortgage rates continue to stay low at 2.73%

Housing Wire

The average mortgage rate for a 30-year fixed loan remained unchanged last week from the week prior at 2.73%, according to Freddie Mac ’s Primary Mortgage Market Survey.

Do I Really Need a 20% Down Payment to Buy a Home?

Keeping Current Matters

Is the idea of saving for a down payment holding you back from buying a home right now? You may be eager to take advantage of today’s low mortgage rates, but the thought of needing a large down payment might make you want to pump the brakes.

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Expectations for Housing Availability Continue to Improve

Eye on Housing

Buyers’ perceptions about the availability of homes in the market are showing significant improvement, according to the latest Housing Trends Report.

Why mortgage lending standards will ease in 2021

Housing Wire

Economists and housing experts say mortgage lending standards will likely loosen in 2021, despite the increased risk of delinquencies ahead. Such a scenario illustrates the growing disparities in the U.S. housing market.

Turn to an Expert for the Best Advice, Not Perfect Advice

Keeping Current Matters

As we approach the anniversary of the hardships we’ve faced through this pandemic and the subsequent recession, it’s normal to reflect on everything that’s changed and wonder what’s ahead for 2021.

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Buying A Typical Home In Canada? Cities Now Require Incomes Of Up To $230,000

Better Dwelling

Mortgage rates might be low, but nosebleed home prices still make payments difficult. National Bank of Canada (NBC) data shows the household income required to carry a mortgage on a typical home in Q4 2020. The numbers in some regions are staggering, before even considering downpayments.

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Market Report: Why Buyers Should Just Dive In

RIS Media

With the way things are forecast to go in the housing market in 2021, buyers might be feeling a little overwhelmed. Home sales are predicted to increase by 21.9% with home values expected to rise 10.5% by December 2021, according to a recent Zillow report.

UWM returns to the Super Bowl with new ad

Housing Wire

United Wholesale Mortgage , now a publicly traded company, will return to the Super Bowl this year. The wholesale lender will be running a new Super Bowl commercial spotlighting independent mortgage brokers and its website FindAMortgageBroker.com for a second straight year.

Want to Build Wealth? Buy a Home This Year.

Keeping Current Matters

Every year, households across the country make the decision to rent for another year or take the leap into homeownership. They look at their earnings and savings and then decide what makes the most financial sense. That equation will most likely take into consideration monthly housing costs, tax advantages, and other incremental expenses. Using these measurements, recent studies show that it’s still more affordable to own than rent in most of the country.

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Should I Pay Off My Mortgage Early: See The Pros and Cons

Maximum Exposure Real Estate

Should I Pay Off My Mortgage Many people ask themselves, “should I pay off my mortgage?” ” As a homeowner, the idea of having your home paid off early is likely enticing. Who wants to pay a mortgage every month if they don’t have to?

Home buying with Chapter 13 bankruptcy: What are your options?

The Mortgage Report

You can qualify for a mortgage with a Chapter 13 bankruptcy in your recent past. You could even buy a house while in Chapter 13 in some cases. Here's how. About Mortgages FICO & Credit Scores Bankruptcy Housing Mark Cappel Mortgage mortgage rates Real Estate

Biden stimulus could worsen affordable housing crisis

Housing Wire

The nation’s most influential housing trade groups sent a letter to the House Committee on Financial Services saying any new stimulus package considered would need to have rental assistance, and warned of dire consequences if it does not.

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Bank of Canada Data Shows They’re Past Peak Mortgage Bond Buying

Better Dwelling

Canada’s central bank has finally stopped juicing the mortgage market… or at least it’s taking a break. Bank of Canada (BoC) data shows December was the first ever drop in the amount of Canada mortgage bonds (CMBs) held.

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I Want My Own Home Library: Do Built-In Bookshelves Add Value?

HomeLight

You dream of having a book display reminiscent of Hogwarts’ great library. But built-ins are a permanent, “no-take-backs,” addition to your home, and they don’t come cheap. On average it costs around $2,500 to have a carpenter put in a custom bookshelf, according to data from HomeAdvisor.

Introducing Clubhouse: A New House for Real Estate Conversations

RIS Media

Have you heard of the new app, Clubhouse? This invite-only, FOMO-inducing social media app is growing rapidly, garnering a lot of attention from the real estate industry.

UWM clears $1.33B in profits in Q4 2020

Housing Wire

United Wholesale Mortgage originated more than $54 billion in mortgages and generated more than $1.3 billion in net income during the fourth quarter, the company revealed on Wednesday. The wholesale lender’s parent company reported $54.7 billion in originations, a 71% increase from the $31.9

17 Mistakes to Avoid When Selling Your House

Redfin

Selling your house can be just as stressful and emotionally challenging as it is exciting and rewarding, especially if it’s your first time. It’s a substantial, complex transaction that you have on your hands, after all.

Common Bad Smells Around the House and How to Get Rid of Them

Point2Homes

Image: Andrey_Popov / Shutterstock.com. When your whole family is home all day, every day, a lot of unpleasant smells can build-up. But if you’re looking for ways to put an end to bad odors and make your home smell fresh again, we’ve got you!

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Weichert Real Estate Affiliates, Inc. Named a Top Franchise by Entrepreneur Magazine

RIS Media

Weichert Real Estate Affiliates, Inc. was recognized as one of the top franchises across the United States and Canada for the 17th straight year by Entrepreneur magazine, as the outlet recently announced its 42nd annual “Franchise 500” list.

Urban home values growing faster than ‘burbs in Midwest

Housing Wire

A Zillow report released Thursday shows urban home values in Midwest cities — namely, St. Louis, Cincinnati, Cleveland, Kansas City, Columbus and Indianapolis — have risen faster than suburban home values over the past several months.

Agent Survey: No One Beats Coldwell Banker When it Comes to Agent Satisfaction

Coldwell Banker

Beyond tech, tools and training – Coldwell Banker has it covered when it comes to agent needs. The post Agent Survey: No One Beats Coldwell Banker When it Comes to Agent Satisfaction appeared first on Coldwell Banker Blue Matter.

NAR Report: How the home search process has changed in 2020

The American Genius for Real Estate

(REAL ESTATE BIG DATA) The 2020 National Association of Realtors annual report examined the home search process, with buyers utilizing online tools and agents to help find the perfect home.

Home Sellers Profited An Average Of Nearly $69K On Their Home Sales In 2020

Lighter Side of Real Estate

When you list your home, the goal is to sell the property for more than you invested in it—and to walk away with a profit. And in 2020, those profits were significant for a lot of homeowners.

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HUD extends waivers for FHA reverse mortgages

Housing Wire

In a bid to aid borrowers, the Department of Housing and Urban Development announced on Wednesday a series of temporary waivers that will allow servicers to use alternative methods when servicing FHA -insured forward and reverse mortgages.

Private Residential Spending Up 3.1% in December

Eye on Housing

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 3.1% in December 2020 to a seasonally adjusted annual rate of $691.0 billion. Total private residential construction spending was 20.7% higher than a year ago.

AI can now spot fake landlords and rental scams

The American Genius for Real Estate

(REAL ESTATE TECHNOLOGY) False rental listings have risen so Scamlord.ai is helping renters by offering education and guidance on how to avoid becoming a target of rental fraud. The post AI can now spot fake landlords and rental scams appeared first on The American Genius Real Estate.