Housing Wire

MARCH 8, 2021

Fannie Mae ‘s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housing market and consumer confidence to sell or buy a home, fell 1.2 points in February. Fear not, experts say – better days are ahead. Overall, the HPSI hit 76.5 last month, down from 77.7 in January. A small drop was expected, according to Fannie Mae Senior Vice President and Chief Economist Dave Duncan, but optimism should be reflected in the coming months. “The HPSI remained relat

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Keeping Current Matters

MARCH 8, 2021

When selling a house, most homeowners hope for a quick and profitable transaction that puts them in a position to make a great move. If you’re waiting for the best time to win as a seller, the market is calling your name this spring. Here are five reasons why this is the perfect time to sell your house if you’re ready. 1. There’s high demand from homebuyers.

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Maximum Exposure Real Estate

MARCH 12, 2021

The Best Packing Tips When Moving Do you know how to pack your house for a move? Would you like some packing tips for moving? No doubt there is a lot of advice online for this subject. No one ever said moving was easy. Packing a house is one of the most challenging parts of […]. The post Packing Tips For Moving: How to Pack Your House For A Move (Video) appeared first on Massachusetts Real Estate Exposure.

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Better Dwelling

MARCH 11, 2021

The warning is coming from inside the house, and it’s not from one of Bay Street’s bears. BMO senior economist Robert Kavcic said Canada is “playing with fire” in a note this week. Looking at the percent of income needed to carry a mortgage on homes, he doesn’t think 2017 was a bubble. The current […]. The post Canadian Real Estate Is “Playing With Fire,” Approaching Classic Bubble: BMO appeared first on Better Dwelling.

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Mortgages 144

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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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Housing Wire

MARCH 8, 2021

For the first time in its history, Rocket Mortgage has revealed the amount of business it does in the broker space. The disclosure comes just days after United Wholesale Mortgage issued an ultimatum to mortgage brokers, telling them that they could not partner with Rocket or Fairway Independent Mortgage Corp. and continue to do business with UWM. The rest of this content is for HW+ members.

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Keeping Current Matters

MARCH 12, 2021

Some Highlights. With so few houses for sale today, it’s important to be prepared when you’re ready to buy a home. Meeting with your lender early, knowing your must-haves and nice-to-haves, preparing for a bidding war, and keeping your emotions in check are all ways to gain confidence in the homebuying process. If you’re looking for an expert guide to help you navigate today’s lightning-fast housing market, connect with your local real estate professional today.

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Better Dwelling

MARCH 9, 2021

Central banks are flooding economies with cheap credit, and trying to prevent bubbles. Well, some countries are trying to prevent bubbles. Canada has decided home price inflation is an uncontrollable consequence of the environment. In fact, the country’s central bank welcomed the rapid home price growth as “needed.” That’s not normal.

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Housing Wire

MARCH 11, 2021

The Federal Housing Finance Agency (FHFA) announced on Thursday that it has again extended relaxed lending and appraisal standards for both Fannie Mae and Freddie Mac. The COVID-19-related flexibilities surrounding alternative verifications of employment and appraisals were originally set to expire on March 31, 2021. However, the government agency is now pushing that back to at least April 30, 2021.

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Keeping Current Matters

MARCH 10, 2021

Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Instead, real estate had one of its best years ever. Home sales and prices were both up substantially over the year before. 2020 was so strong that many now fear the market’s exuberance mirrors that of the last housing boom and, as a result, we’re now headed for another crash.

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Realty Biz

MARCH 9, 2021

What Should I Know About Shipping Container Homes. Are you thinking about buying a shipping container home? Container homes are just another housing option you may want to consider. Since there are thousands of excess shipping containers lying around ports all around the world, they are the perfect size to be used for your brand new home. But you’re not limited to something small.

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Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

Industrial

Better Dwelling

MARCH 10, 2021

Canadian real estate buyers are driving prices using irrational exuberance. US Federal Reserve (The Fed) data shows Canada’s homebuyers were “exuberant” in Q3 2020. This is when buyers disregard fundamentals, and paid more because they felt they couldn’t lose. This isn’t new, but it’s not as old as some have assumed. Canadian homebuyers irrationally drove […].

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Housing Wire

MARCH 12, 2021

Real Estate Exchange (REX) filed an antitrust lawsuit Tuesday in federal court against Zillow , accusing the company of anticompetitive behavior related to showing certain homes on its platform. Trulia and the National Association of Realtors are also named in the suit. REX, an Austin-based real estate startup, said Zillow’s new listing layout, which includes tabs entitled “agent listings” and “other listings,” positions its listings in a “recessed obscured, a

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Keeping Current Matters

MARCH 9, 2021

Last Thursday, Freddie Mac announced that their 30-year fixed mortgage rate was over 3% (3.02%) for the first time since last July. That news dominated real estate headlines that day and the next. Articles talked about the “negative impact” it may have on the housing market. However, we should realize two things: 1. The bump-up in rate should not have surprised anyone.

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Eye on Housing

MARCH 10, 2021

According to the February survey for the NAHB/Wells Fargo Housing Market Index (HMI), first-time home buyers account for 43 percent of the new home market. Weighted by builder size (single-family homes started in 2020), about two-thirds of the builders reported that more than 20 percent of their homes were sold to first-time buyers. Twenty-seven percent even said more than half.

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Marketing 135

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As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

Agents

Better Dwelling

MARCH 12, 2021

Montreal is the next Manhattan. Or maybe Winnipeg. Sorry, it’s definitely St. Johns. Wait… what’s happening? Real estate prices are rising pretty much across the country. Canadian real estate prices are showing the highest level of price synchronization in years. This is when markets, regardless of location, begin to show similar levels of price growth. […].

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Marketing 143

Housing Wire

MARCH 9, 2021

Mortgage credit is still the tightest it has been in more than six years, but an unwavering February may be the calm before the purchase storm as lenders prepare for a revitalized economy, the Mortgage Bankers Association said in a report on Tuesday. The group’s Mortgage Credit Availability Index remained unchanged at 124.6 last month, still hovering near levels previously seen in 2014.

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Keeping Current Matters

MARCH 6, 2021

The post How to Confidently Answer the 4 Questions Buyers & Sellers Are Asking Today [LIVE WEBINAR] appeared first on Keeping Current Matters.

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Realtor.com

MARCH 10, 2021

Getty Images Dear MarketWatch, I have a home that I purchased in 1983, and I have refinanced and taken out equity lines of credit (ELOCs) multiple times. I now have about 13 payments left on the primary mortgage. When I signed papers on my last ELOC, I found out there is an old title lien from a past refinance. So it is probably greater than 10 years old.

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Sales

Better Dwelling

MARCH 11, 2021

Unless you’ve been sleeping under a rock, you’ve probably noticed something unusual this recession – high unemployment and higher home prices. Odd, right? Usually when people are at risk of losing their jobs and business, their cost of living doesn’t rise. Free markets tend to manage risk this way, choking off credit as economic risk […].

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Banks Marketing 137

Housing Wire

MARCH 9, 2021

As the first quarter of 2021 nears its end, a recent Redfin report shows both good and bad news for Black homeowners. The positive: Homeowners in primarily Black neighborhoods earned an average of $59,000 in home equity in 2020, compared with $50,000 for homeowners in primarily white neighborhoods between 2019 through January 2021. That $59,000 gain represents a median home equity increase of 197%.

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Equity Brokerage As-is Mortgages 497

Maximum Exposure Real Estate

MARCH 8, 2021

Choosing the Best Kinds of Boxes for Moving Do you need moving boxes? As moving day approaches, you need to make sure you have the best kinds of boxes for moving. If you want to make sure your possessions are protected, and I’m sure you do, your choice of moving boxes can make the difference […]. The post The Best Kinds of Boxes For Moving and Storage appeared first on Massachusetts Real Estate Exposure.

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Marketing 134

Realtor.com

MARCH 9, 2021

mediaphotos/Getty Images Working from home has multiple perks, not the least of which is the short commute to your home office in your PJs. (Yes, it’s a cliché, and yes, it happens.). But while you might be incredibly talented at designing websites, writing novels, or whatever it is you do during your 9-to-5 at home, nearly all of us have the potential to get tripped up during tax time.

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Brokerage

Lighter Side of Real Estate

MARCH 12, 2021

As we transitioned into the new year, low mortgage rates and low inventory drove up real estate prices in markets across the country. But exactly how much did home values increase at the start of 2021? According to the most recent CoreLogic Home Price Insights report , in January, home prices in the US were up 10 percent year over year. That means if you purchase a home for $350,000 in January 2020, by January 2021, that home would have increased in value by $35,000—bringing your home value to $

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Housing Wire

MARCH 9, 2021

Imagine requesting an Uber and not being able to see a map view of where the driver is located in real time; ordering food from DoorDash without up-to-date digital menus from an endless number of restaurants; or buying an item with Amazon Prime and having to pay close attention to the delivery estimates. When we look at industries that have undergone significant change, it is easy to take for granted the success stories of market leaders and miss the seemingly small inventions that radically cha

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Better Dwelling

MARCH 8, 2021

Greater Vancouver real estate, once a hot commodity for foreign buyers, is losing appeal. BC’s non-resident homebuyers made a sharp decline in January. That might be a one-off, but last year’s numbers still show a modest drop in foreign buyers. There is an interesting shift in buying behavior though. Greater Vancouver is seeing a smaller […].

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The Mortgage Report

MARCH 9, 2021

Home buyer grants can help first-time buyers who had a financial setback during COVID. Learn about current assistance programs and how to qualify.

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Mortgages 130

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.

Agents

Eye on Housing

MARCH 9, 2021

As described in a previous post, NAHB’s recently released its 2021 Priced-Out Estimates, showing that 75.1 million households are not able to afford a median priced new home, and that an additional 153,967 would be priced out if the price goes up by $1,000. This post focuses on the related U.S. housing affordability pyramid, showing how many households have enough.

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Housing Wire

MARCH 12, 2021

Millennials are a significant part of the housing market boom as first-time homebuyers. Reports show 63% of millennial home shoppers plan to purchase a home because of their new remote work status. If you’re interested in becoming a first-time homebuyer, there are some things you need to know. As you start the real estate process, saving for a down payment—often while paying off debt in tandem—can feel like a big hurdle.

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Realtor.com

MARCH 12, 2021

Four Seasons Sunrooms & Windows After a long winter of quarantine—and the shift to daylight saving time mere days away—it’s safe to say we’re all done— done! —with being cooped up indoors. But as eager as you may be to enjoy those extra hours of sun on your patio, it might be just a little too cold right now. And even when it does warm up, there are other issues: Mosquitoes!

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Realty Biz

MARCH 6, 2021

Home Insurance Explained. Are you going to be needing to get homeowners insurance protection? The biggest purchase most people will ever make is their home, so you need to make sure it is fully protected. Making sure you have enough coverage to prevent you from losing out should something terrible happen isn’t necessarily straightforward, however.

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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.

Agents