Sat.Apr 03, 2021 - Fri.Apr 09, 2021

Millions will enter housing market in 2021: Zillow

Housing Wire

In what will be known to future generations as the Great Reshuffling, a recent Zillow survey showed that more than 1 in 10 Americans reported moving in the past 12 months, either by choice or by circumstance.

Don’t Sell on Your Own Just Because It’s a Sellers’ Market

Keeping Current Matters

In a sellers’ market , some homeowners might be tempted to try to sell their house on their own (known as For Sale By Owner , or FSBO ) instead of working with a trusted real estate professional.

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SoftBank invests $500M in fintech startup Better.com

Inman

Better.com is set to receive $500 million from SoftBank's Vision Fund, according to a WSJ article on Thursday. This places better.com's valuation at $6 billion. Mortgage News Brief Select Technology better.com fintech startup funding rounds softbank SoftBank Vision Fund Vishal Garg

Buyers Are Split on Multigenerational Homes

Eye on Housing

A multigenerational home is desirable to some buyers, but not to all.

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Here’s how to fix the housing market inventory crisis

Housing Wire

The U.S. housing market is in the midst of an inventory crisis. The number of homes for sale in the U.S. is hovering near record lows , caused by a pandemic-induced housing inventory death-spiral.

Homeownership Is Full of Financial Benefits

Keeping Current Matters

A Fannie Mae survey recently revealed some of the most highly-rated benefits of homeownership, which continue to be key drivers in today’s power-packed housing market.

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Basic requirements to buy a house: 6 must-haves for first-time buyers

The Mortgage Report

Requirements to buy a house aren't as strict as you might think. Requirements for credit, income, and down payment are lenient for first-time home buyers. Buying a home

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CFPB proposes foreclosure ban until 2022

Housing Wire

The Consumer Financial Protection Bureau (CFPB) released a notice of proposed rulemaking on Monday that would amend Regulation X to provide a special pre-foreclosure review period prohibiting servicers from starting foreclosures until after December 31, 2021.

Your Tax Refund and Stimulus Savings May Help You Achieve Homeownership This Year

Keeping Current Matters

If you’re planning to buy a home this year, saving for a down payment is one of the most important steps in the process. One of the best ways to jumpstart your savings is by starting with the help of your tax refund.

Building Materials Prices Rise Across the Board in March

Eye on Housing

Prices paid for goods used in residential construction ex-energy rose 2.4% in March (not seasonally adjusted) and have increased 9.8% over the past 12 months, according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Building materials (i.e.,

Meet the new urban buyer

Inman

The new urban buyer doesn’t have a common age group, background or net worth. The size of the properties and budgets differ widely. But there are three attributes that set them apart.

The appraisal gap is complicating deals across the country

Housing Wire

The home checked off every box on Linda’s list. It had a large, fenced-in yard, modern appliances in an updated kitchen, a “man cave” for her husband, beamed ceilings, a massive master suite and was located in a good school district. The house, in the Nashville area, was listed at $405,000.

Latest Jobs Report: What Does It Mean for You & the Housing Market?

Keeping Current Matters

Last Friday, the Bureau of Labor Statistics released a very encouraging jobs report. The economy gained 916,000 jobs in March – well above expert projections of 650,000 to 675,000. The unemployment rate fell again and is now at 6%. What does this mean for you?

Earnest Money: What is it and How Does it Work in Real Estate

Maximum Exposure Real Estate

Earnest Money/House Deposits Explained What is earnest money? How much is earnest money? How does earnest money work? What’s the difference between earnest money and down payment funds? These are all common questions that home buyers ask real estate agents daily.

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Five reasons it’s not a “horrible time to buy a house”

The Mortgage Report

Many experts are saying it's a horrible time to buy a house. But that's not true for everyone. Here are 5 reasons it could be a great time to buy a home. Buying a home First-Time Home Buyers Mortgage News

Looser mortgage credit may give first-time buyers a chance

Housing Wire

Mortgage credit showed signs of loosening up in March, and with it, more availability for lower credit scores and high LTV products to enter the housing market, the Mortgage Bankers Association said in a report on Thursday. The group’s Mortgage Credit Availability Index rose.6% to 125.4

Why Might a Listing’s Square Footage Differ From the Appraisal?

Realtor

If you’re buying a home, the listing likely includes the square footage, a key selling point.

Want more sales? 10 lessons in the art of persuasion

Inman

There's no doubt that the art of persuasion has a critical place in real estate sales. Here's what agents can learn from bestselling author Daniel Pink's MasterClass on sales and persuasion.

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The NAR’s top 10 places for millennials to move to (a 2020 reflection)

The American Genius for Real Estate

(REAL ESTATE BIG DATA) If you're a millennial, and wondering where you should move that can get you ahead even during this pandemic, here's the top 10 cities for millennials.

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Will the next job wave mean the end of forbearance?

Housing Wire

Last Friday, the Bureau of Labor Statistics reported that 916,000 jobs were created in March, and the previous month’s revisions came in positive. The rest of this content is for HW+ members. Join today with an HW+ Membership ! Already a member? log in.

How To Modernize Your Home on a Budget

Redfin

We all have spent a great deal of time in our homes over this past year. And like the rest of us, you probably spent a good chunk of time browsing your favorite real estate app.

High-performing RE/MAX team joins eXp Realty

Inman

The Lahey Group operates in the Washington, D.C., The move is the second big get for eXp in less than a week. Industry News News Brief Select Teams exp eXp Realty maryland perry group re/max teams The Lahey Group Virginia washington washington dc

Mortgage and refinance rates today, April 3, and rate forecast for next week

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. Turns out I was right last Saturday when I predicted that “mortgage rates might rise modestly” this week. But […]. Mortgage Rates Now

Home sellers are feeling good about 2021

Housing Wire

Home sellers are chomping at the bit. As the economy reopens, vaccinations continue to roll out and stimulus checks reach bank accounts across America, home sellers are increasingly optimistic.

Current Trends in the Real Estate Industry

Realty Biz

The real estate industry has been in disarray since the pandemic began wreaking havoc on the economy and pretty much everything else in its path. Home prices are rising, interest rates are declining, and the industry as a whole looks a whole lot different than it did before COVID-19.

New CFPB proposal would take foreclosures off the table for 2021

Inman

The Consumer Financial Protection Bureau is requesting comments from stakeholders on the proposed rule, but given the urgency of the crisis, the deadline for comments is May 10. Mortgage Select CFPB Consumer Financial Protection Bureau foreclosure wave servicers

Top 10 Coldwell Banker Stories of the Month – March 2021

Coldwell Banker

Extra, extra! Read the top 10 news items that ran in March 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 – March 2021 appeared first on Coldwell Banker Blue Matter.

Housing inventory is down 40%. Buyers are paying the price

Housing Wire

Prices are up sharply as housing inventory continues to plateau , leaving 40% fewer homes on the market compared to last year, according to a report prepared by Black Knight. Instead of making up for the shortfall, new listings have slumped further in 2021.

How to get approved as a self-employed, first-time home buyer

The Mortgage Report

Self-employed first-time home buyers face obstacles other buyers don't. Learn what to expect and how to get mortgage-approved. Buying a home

‘Absolutely an amazing day!’

Inman

"Absolutely an amazing day! You know these sessions are good when you get info that you can implement immediately!" That's what Amber Salmon, a realtor at RE/MAX said after attending last month's digital Connect Now event. Reserve your spot to join us for the next one.

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The 2021 Spring Real Estate Market and 40 Year Old Millennials

Realty Biz

The leading edge of the millennial generation is turning 40 this year (and the oldest baby boomers are 75). The millennial story has not been good. Over the decades, they’ve experienced the Great Recession, massive student loan debt, stagnant wages, rising costs of living, and the Covid-19 pandemic.

Mortgage servicers are stepping up during COVID

Housing Wire

The Consumer Financial Protection Bureau recently released to Congress the 2020 Consumer Response report. While overall complaints were up 54% year-over-year, complaints against mortgage companies were up just 7.5%, and complaints against mortgage servicers were actually down, by 3.5%.

Riding the Waves of Change: RISMedia Releases 33rd Annual Power Broker Report

RIS Media

What a difference a year makes. This time last year, Power Brokers were sitting pretty, a healthy economy in hand and a bullish outlook on 2020. But a growing concern was also casting a shadow of uncertainty—the nascent COVID-19 virus.

Hopes of housing shortage relief are dashed as new listings drop

Inman

New listing volumes have failed to make up for the shortfall of 2020 and were down 16 percent and 21 percent year over year in January and February, according to a new report from Black Knight. Markets & Economy Select black knight home prices housing inventory Mortgage Monitor report