Housing Wire

JUNE 14, 2021

Mortgages in forbearance fell for the 15th consecutive week last week to 4.04% of servicers portfolio volume ? a 12 basis point decline , according to a survey from the Mortgage Bankers Association. As of June 6, the MBA now estimates 2 million borrowers are still in some form of forbearance. Last week witnessed a steeper drop than in previous weeks, likely the result of many borrowers reaching their 15-month expiration date, said Mike Fratantoni, MBA’s senior vice president and chief econ

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Keeping Current Matters

JUNE 15, 2021

The major challenge in today’s housing market is that there are more buyers looking to purchase than there are homes available to buy. Simply put, supply can’t keep up with demand. A normal market has a 6-month supply of homes for sale. Anything over that indicates it’s a buyers’ market, but an inventory level below that threshold means we’re in a sellers’ market.

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Better Dwelling

JUNE 18, 2021

Prices just outside of frothy Canadian real estate markets are growing much faster than in the city. That’s typical of a bubble, and it’s called “housing bubble contagion.” In a paper titled Housing Bubble Contagion From City Centre To Suburbs, three Taiwan-based researchers argue bubbles spread outwards. Bubbles force investors and developers to look for […].

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Title Investor Development Marketing 145

Lighter Side of Real Estate

JUNE 17, 2021

Summer is always one of the most popular seasons for real estate. But if you’re planning on buying a home this summer, there are a few things you’ll want to keep in mind. A recent video from realtor.com outlined tips buyers need to know if they’re planning to buy a home this summer—one of the most competitive real estate seasons in recent history—including: There are fewer choices—and higher competition.

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Closing As-is Marketing 145

Speaker: Jady West, VP of Hospitality & Chris Bennett, Head of Sales & Engineering

The modern hotel room is no longer just a place to stay—it’s an experience to remember. Today’s guests expect seamless 5G connectivity, personalized comfort, and high-tech convenience. From AI-powered smart room controls to in-room entertainment and app-based services, technology is redefining hospitality from the inside out. In this new session featuring industry pros Jady West and Chris Bennett, we’ll explore how high-speed, high-bandwidth connectivity powers the innovations that are enabling

Technology

Housing Wire

JUNE 16, 2021

After three straight weeks of declines , mortgage applications increased 4.2% for the week ending June 11, 2021, according to the latest report from the Mortgage Bankers Association. Both purchase and refinance applications increased, with refinances notably up 5.5%, according to Joel Kan, the MBA’s vice president of economic and industry forecasting. “The jump in refinances was the result of the 30-year fixed rate falling for the third straight week to 3.11%, which is the lowest since ear

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Fixed-rate mortgage Mortgages Loans Industrial 515

Better Dwelling

JUNE 17, 2021

Ontario is out, and the coasts are in according to the latest population growth data. Statistics Canada (Stat Can) quarterly population estimates were released for Q1 2021. Interprovincial migration data shows Ontario lost more Canadians than it could attract. Affordable provinces such as Quebec and Nova Scotia were able to show a net gain. BC […].

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Marco Santarelli

JUNE 12, 2021

The Tampa housing market is growing steadily, prices are still low and properties have a good chance for a strong appreciation in the coming years. Home is selling incredibly fast in the Tampa Bay housing market with hot homes getting multiple offers. There is less than 2-month of the available inventory in the entire Tampa St. Petersburg Clearwater MSA.

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Housing Wire

JUNE 14, 2021

The recent action in the 10-year bond yield has puzzled many people, but it looks wonderful to me as it shows that the U.S. economy is leading the world out of the recession. When I wrote the America Is Back economic model on April 7, 2020, the bond market was already signaling that the economy and housing would be ok. In addition to the bond market yield action, responsible lending post-2010 gave me confidence that forbearance was not going to be the negative issue that many had hoped for.

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Lending Loans Marketing As-is 515

Keeping Current Matters

JUNE 14, 2021

In a normal market, it’s good to have an experienced guide coaching you through the process of buying or selling a home. That person can advise you on important things like pricing your home correctly or the first steps to take when you’re ready to buy. However, the market we’re in today is far from normal. As a result, an expert isn’t just good to have by your side – an expert is essential.

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Marketing Equity Agents As-is 311

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Development

Better Dwelling

JUNE 12, 2021

The Canadian property bubble is consuming the whole economy — and concentrating wealth creation. Household net-worth soared to a new high in the first quarter of 2021, according to Statistics Canada (Stat Can) data. Real estate represented over three-quarters of the gains in wealth, which is much higher than normal. Fanning the flames of the […].

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Maximum Exposure Real Estate

JUNE 14, 2021

What to Know About Buying New Construction Homes Are you thinking about buying new construction? The idea of buying a brand new house is appealing to many homebuyers. Going directly to the builder and being the first folks to live in a home offers advantages. However, buying a newly constructed home isn’t the same as […]. The post 15 New Construction Home Buying Tips: How To Buy a New House appeared first on Massachusetts Real Estate Exposure.

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Housing Wire

JUNE 17, 2021

Mortgage applications for new home purchases fell 9% month-over-month in May at a seasonally unadjusted pace ? the second consecutive month sales of new homes have dropped, according to data released Thursday by the Mortgage Bankers Association. Compared to May of last year, MBA’s Builder Application Survey (BAS) revealed purchases are down 5.9%.

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Sales VA loan FHA loan Loans 500

Keeping Current Matters

JUNE 17, 2021

The real estate market is soaring today. Residential home values are rising, and that’s a big win for homeowners. In 2020, there was a double-digit increase in home values – a trend that’s expected to head toward similar levels this year. However, skyrocketing prices are causing some to start questioning affordability in the current housing market. Many are quick to emphasize the fact that homes today are less affordable than they were last year.

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Equity Residential As-is Marketing 303

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

JUNE 15, 2021

Canadian home sales are coming down from the all-time record high hit earlier this year. Seasonally adjusted home sales fell in May, shows Canadian Real Estate Association (CREA) data. Home sale activity still remains elevated, even printing another monthly record. However, sales dropped in 80% of markets across the country, and are falling fast. With […].

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Realtor.com

JUNE 18, 2021

Living Spaces Even with the outside world opening back up, many of us have found new comfort in staying at home. Backyard dinner parties, outdoor movie nights , drinks on the deck—you name it, there are so many summertime favorites that really don’t require going anywhere, especially if you have a great outdoor space. And if you don’t? Well, we’re here to help with that.

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Design As-is 138

Housing Wire

JUNE 16, 2021

Another month of steadily increasing home prices and insatiable demand led Fannie Mae ‘s Economic and Strategic Research Group to alter many of its 2021 predictions – in particular, its outlook on the symbiotic relationship between the housing market and inflation measures. While the housing research group believes current inflation acceleration could be considered transitory, price pressures in all sectors – not just housing – are likely to last into 2022.

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Development Mortgages Construction Sales 496

The Mortgage Report

JUNE 17, 2021

How FHA mortgage insurance premiums work, and how to cancel your monthly MIP. With the right steps, eliminate FHA MIP in 30 days or fewer.

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Mortgages 137

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Agents

Better Dwelling

JUNE 14, 2021

Lumber prices are still making a nose dive, as supply catches up and demand softens. Last week we mentioned lumber prices have officially crashed from their all-time high. This week BMO economist Carl Campus wrote to clients that prices have fallen below US$1,000/mbf. This is the first time it fell below that mark since March. […]. The post Soft Demand For New Housing Crashed Lumber Prices Over 40% In Just 38 Days: BMO appeared first on Better Dwelling.

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Realtor.com

JUNE 16, 2021

Getty Images After what feels like the longest ever stretch of months stuck indoors, summer—glorious summer—is finally upon us. But before you get too comfy and curl up in a hammock with a delicious blended beverage, know that there are a few things you really should check off your to-do list first. Yes, that’s right: We hate to be a drag, but in between barbecues and beach days, you still need to stay on top of maintenance around the home.

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Inspection As-is Closing Sales 137

Housing Wire

JUNE 18, 2021

Only 2.7% of all home sales in the first quarter of 2021 were flips — or one in 37 transactions, the lowest level since 2000. Per a report from ATTOM , a national property database, 32,526 single-family homes and condominiums in the U.S. were flipped in the first quarter. That number is down from 4.8%, or one in every 21 home sales in the nation during the fourth quarter of 2020.

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House Flipping Investor Loans Lending 485

Sotheby's International Real Estate

JUNE 17, 2021

Houston, Texas | Monica Brashear, Martha Turner Sotheby’s International Realty . One luxury that has skyrocketed in popularity over the last year and a half is pet ownership. Many people have expanded their families with four-legged companions during the pandemic. And while a gourmet kitchen, landscaped grounds, or a swimming pool may top the list of personal must-haves when considering the purchase of a new home, it’s important to accommodate dogs and cats as well.

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As-is 133

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Sales

Better Dwelling

JUNE 14, 2021

Canadian inflation is marching higher, and so are the expectations for mortgage rates. Desjardins economics sees the 5-year posted rate having more room to rise than fall in the future. The institution has forecast the posted 5-year fixed-rate mortgage can rise up to 40% by 2024. While the posted rate is rarely the rate paid […]. The post Canadian Mortgage Rates Forecast To Rise Over 40%, Posted Rate Can Hit 7%: Desjardins appeared first on Better Dwelling.

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Fixed-rate mortgage Mortgages 139

The Mortgage Report

JUNE 14, 2021

More buyers are making cash offers in today's market. As a home buyer using a mortgage loan, how do you compete? Here are 7 strategies to help you win.

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Loans Mortgages Marketing 133

Housing Wire

JUNE 16, 2021

Housing starts are inching back up across the country, and a big fall in the price of lumber in recent weeks has housing economists projecting an uptick in activity from homebuilders. Housing starts increased 3.6% in May to a rate of 1.57 million, according to the most recent study from the U.S. Census Bureau. That’s more than 50% above above the May 2020 rate — when the COVID-19 pandemic was at its height in the country — of 1.05 million.

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New Construction Construction Industrial Agents 473

Eye on Housing

JUNE 17, 2021

Prices paid for goods used in residential construction ex-energy rose 3.6% in May (not seasonally adjusted) and have increased 16.5% 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., inputs to residential construction less food and energy) prices have declined just twice since December 2019.

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Residential Construction 130

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Brokerage

Better Dwelling

JUNE 14, 2021

Tales of big city buyers pushing prices higher in small towns has more data confirmation. Teranet, Ontario’s private land registry operator, conducted a study on provincial migration. They found existing homeowners migrated in record numbers over the past 3 quarters. Owners fleeing Toronto paid much more than the average migrating household as well.

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Land 131

Realtor.com

JUNE 17, 2021

Getty Images “I want a longer commute,” said just about nobody ever. However, today’s record-high home prices have led more homebuyers to sacrifice shorter commutes for larger homes at lower prices farther outside of the big cities, according to a recent Realtor.com® survey. That’s likely because many professionals worked remotely during the COVID-19 pandemic and expect to continue doing so a few days a week going forward.

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Earnest money deposit New Construction Construction As-is 126

Housing Wire

JUNE 17, 2021

“These are the best of times,” declared Stuart Miller, chairman of the board for Lennar Thursday. And the homebuilder’s quarterly financial performance backs up what Miller is talking about. Lennar, best known for producing homes for the middle class, reported $831 million in net income for the months of March, April and May, a 61% increase from the same three months in 2020, which coincided with the pandemic’s onset.

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Construction As-is Marketing 466