Housing Wire

JUNE 17, 2021

Median home-sale prices hit yet another record high in May — up to $377,200, a 26% increase year over year. And 54% of homes sold above their asking price in May — another a record high, up from 26% a year ago, according to a new report from Redfin. The report also shows the housing market also set new records for home-selling speeds and competition, although seasonally adjusted home sales and new listings flattened from April.

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Sales Investor Marketing Mortgages 534

Keeping Current Matters

JUNE 18, 2021

Some Highlights. When you rent , you build your landlord’s wealth, your monthly payment depends on ever-rising rents , and you don’t benefit from home price appreciation. On the other hand, when you own your home, you build your own wealth , your monthly payment is locked in , and you benefit directly from home price appreciation. If you’re feeling the challenges of a competitive market , remember that homeownership is a long-term game.

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Marketing 258

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

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 144

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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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Mortgages Loans Investor As-is 530

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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New Construction Construction Residential Sales 253

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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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

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 250

Realtor.com

JUNE 14, 2021

Getty Images Any tree hugger worth her bark knows that trees help the environment by supplying oxygen, improving air quality, conserving water, stabilizing the soil, and providing a habitat for wildlife. And let’s not forget that they also provide shade and beautify our homes. But did you know that healthy, mature trees on your property can directly affect your property’s long-term value, too?

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Development Design Closing 137

Advertiser: Trellis

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

Loans

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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As-is New Construction Construction 138

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 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 233

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

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Sales

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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As-is 136

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

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

Realtor.com

JUNE 15, 2021

Clint Rackers A Victorian home in the middle of downtown Pensacola, FL, offers great income potential—as long as potential tenants get along with Fred. Fred is a ghost who, some say, resides at the historic house, now on the market for $750,000. “We had no knowledge of the situation until the day we purchased the house,” says the seller Gene Church , who bought the house with his wife, Jeaniene , in 2012.

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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

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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Sales Marketing 134

Housing Wire

JUNE 15, 2021

Women in brokerage aren’t common, but Rocket Pro TPO aims to change that. By integrating programs that enhance inclusivity, the company encourages female leadership. HousingWire recently spoke with Keri Stichler, Divisional Vice President at Rocket Pro TPO, about why female leadership is crucial in the mortgage industry and how companies can advocate for inclusivity.

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Industrial Mortgages Equity Brokerage 466

Eye on Housing

JUNE 17, 2021

In the recent NAHB study, What Home Buyers Really Want, 2021 Edition, side-by-side double sinks and walk-in pantries ranked as the most popular of 30 listed kitchen features. This result is based on a comprehensive, nationwide survey of 3,247 recent and prospective home buyers conducted in the summer of 2020. Among other things, the survey asked recent and prospective buyers.

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As-is 121

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

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

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 132

Housing Wire

JUNE 14, 2021

This is Part I of a deep dive into the home appraisal industry, which has faced a growing number of claims of racial bias. Today we explore the origins of the appraisal industry and its current lack of diversity. In Part II, we will examine what hard evidence of bias exists, and the assumptions behind home appraising. Pat Turner’s mother was a child welfare worker in Suffolk, Virginia, during the Jim Crow era, who helped children of all races.

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Industrial As-is Finance 458

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

Realtor.com

JUNE 18, 2021

Getty Images When you’re shopping for a home, you might encounter certain homes listed as FSBO. Short for “for sale by owner,” these are properties that homeowners are selling on their own, typically to save money that traditionally goes toward a real estate agent’s commission. But what happens if you, the buyer, are working with a real estate agent—does that mean FSBO homes are off limits?

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Purchase and sale agreement Agents Sales Construction 122

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Agents

Sotheby's International Real Estate

JUNE 15, 2021

Greenwich architect Richard Granoff—founder of one of the tri-state area’s leading firms—is revered for an aesthetic “balanced between respect for the past and excitement about the future.” This enviable equilibrium is on elegant display at this outstanding Georgian-inspired manor, ideally sited on 2.27 emerald acres on a peaceful gated lane in one of the country’s most sought-after communities.

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Brokerage 117

Housing Wire

JUNE 17, 2021

Phoenix, Austin, Sacramento, Las Vegas and Miami reported the biggest increase in home prices in May, according to a recent report from Redfin. Home prices in Austin were up 42.4% year over year in May to $470,000, the biggest increase of the 88 largest U.S. metros. Phoenix, with a 33.3% gain to $400,000, had the second-biggest annual price increase in the U.S., and Sacramento had the fifth-biggest increase.

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Marketing Closing Mortgages Agents 450

Realty Biz

JUNE 14, 2021

According to the US commerce department, online retail sales have overtaken general merchandise sales. It is one of the critical hallmarks in the long trend that will usher e-commerce in replacing traditional brick and mortar consumer shopping. With the Covid-19 pandemic engulfing all countries, online shopping is more encouraged than ever to contain the scourge.

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Development Sales Brokerage Industrial 117

The American Genius for Real Estate

JUNE 17, 2021

(TECHNOLOGY) DuckDuckGo is a search engine that doesn't listen to home recordings, sell you stuff, or track your every movement. They just provide search results. The post Value privacy? DuckDuckGo is the answer to breaking up with Google appeared first on The American Genius Real Estate.

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Technology 116

Speaker: Ari Capogeannis, Director - Revenue Marketing at NVIDIA and Bill Pappa, Sales and Marketing Leader at Ai Media Group

Building strong personal and professional relationships with clients is a critical success factor. Sales professionals who focus on relationship building generate more leads and raise their brand awareness. Because this can take time, having regular engagements can help you cultivate these relationships more efficiently. The most effective way to accomplish this is through direct hyper-personalized touchpoints.

Sales