Sat.Aug 14, 2021 - Fri.Aug 20, 2021

Here’s where the oldest and youngest homeowners live

Housing Wire

Have you ever considered the median age of homeowners in your area? According to a study conducted by LendingTree, homeowners gravitate towards specific parts of the country depending on their age.

What Does Being in a Sellers’ Market Mean?

Keeping Current Matters

Whether or not you’ve been following the real estate industry lately, there’s a good chance you’ve heard we’re in a serious sellers’ market. But what does that really mean? And why are conditions today so good for people who want to list their house?

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Builder Confidence at 13-Month Low on Higher Material Costs, Home Prices

Eyes on Housing

Builder sentiment in the market for newly-built single-family homes fell five points to 75 in August, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The index is at its lowest point since July 2020.

Investors say car condos are ‘better than owning an apartment’

Inman

With a rise in vehicle ownership and a decline in available street parking, Manhattan investors are betting big on car condos as New Yorkers prepare to return to in-person work.

Millennials are Determined and Prices are Soaring: The Step-by-Step Formula for Closing More Sales to Millennial Buyers Fast!

Speaker: Paul Moya - CEO, Millennial Labs, and The Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World

Join Paul Moya, CEO of Millennial Labs and the Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World, as he shares insights and information about the importance of understanding a buyer and how their needs change with each generation.

FHFA proposes ambitious housing goals for GSEs

Housing Wire

The Biden administration will use the most effective tool in its toolkit to increase minority homeownership: the Federal Housing Finance Agency (FHFA).

More Trending

Best Quarter for Townhouse Construction in 14 Years

Eyes on Housing

According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction in the second quarter of 2021 posted the highest count of starts in 14 years.

Rent prices rise at highest level since 2005: CoreLogic

Inman

According to the latest CoreLogic report, rent for a typical single-family home increased by 7.5 percent year over year in June. Markets & Economy News Brief Property Portfolio Rentals corelogic Molly Boesel rent rent growth rent prices

Why aren’t builders creating more housing inventory?

Housing Wire

Today, the U.S. Census Bureau reported that housing starts hit 1,534,000 for July, missing estimates. Permits, on the other hand, beat estimates, coming in at a seasonally adjusted rate of 1,635,000. Positive revisions to the previous data were made, but not by very much.

Sales 412

More Young People Are Buying Homes

Keeping Current Matters

There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief.

Reimagining How Construction Companies Capture Progress Tracking

Speaker: Felipe Engineer-Manriquez, Christopher Gagliardi, George Hedley, and Jason Nichols

Join our esteemed panelists for their discussion on the importance of progress tracking which ultimately touches upon every digital aspect within the construction cycle. Our thought-leaders' years of experience on the job sites can help you build a better future at your company.

Share of New Homes with Patios Climbs to Record 61 Percent

Eyes on Housing

For the first time since the Census Bureau’s 2005 survey redesign, the share of new homes with patios broke above 60 percent in 2020. More specifically, of the roughly 990,000 single-family homes started in 2020, 61.4 percent came with patios.

Flueid awarded patent on title insurance decisioning platform

Inman

Flueid Decision is multi-tenant and agnostic, meaning "it's not owned or managed by any one underwriter, title agent, lender, servicer or service provider and is not focused on any one component of the real estate lifecycle." .

Title 161

Mortgage rates dip slightly to 2.86%

Housing Wire

The average 30-year fixed-rate mortgage declined slightly to 2.86% for the week ending in August 19, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates rose to 2.87% , after six consecutive weeks of mortgage rate declines.

A Look at Home Price Appreciation and What It Means for Sellers

Keeping Current Matters

When you hear the phrase home price appreciation , what does it mean to you? Through context clues alone, chances are you know it has to do with rising home prices. And as a seller, you know rising home prices are good news for your potential sale.

Equity 196

Gain for Custom Home Building

Eyes on Housing

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building posted the second best quarter since the Great Recession during the Spring of 2021.

Design 142

UPDATE: 100 more presale tickets released for Inman Connect New York

Inman

Exclusive presale tickets for Inman Connect New York 2022 sold out quickly! Great news: We released 100 additional tickets for Inman Select members so that you have one last chance to attend ICNY for the best price.

3 mortgage industry trends that will define the rest of 2021

Housing Wire

For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market.

Your Playbook for Success in Today’s Shifting Market [LIVE WEBINAR]

Keeping Current Matters

The post Your Playbook for Success in Today’s Shifting Market [LIVE WEBINAR] appeared first on Keeping Current Matters. Webinars

June Single-Family Permit Gains

Eyes on Housing

Over the six months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 589,146. On a year-over-year (YoY) basis, this is a 35.9% increase over the June 2020 level of 433,484. Year-to-date ending in June, single-family permits increased in all four regions.

The ‘looming eviction crisis’ is overblown. Here’s why

Inman

Although there's a lot of chatter about an "eviction tsunami" or "eviction apocalypse" whenever the federal moratorium ends, the data does not support that fear. Here's a deeper dive.

Housing starts tumble in July due to choked supply lines

Housing Wire

Housing starts in the U.S. fell 7.0% in July compared to the prior month, an indication that construction supply lines are still choked and near record-high home prices are shutting out scores of buyers. The U.S.

Can I buy a house without a 2-year job history? (Podcast)

The Mortgage Report

You typically need a two-year job history to buy a house. But there are exceptions to that rule. Learn how to buy a house without a two-year job history. Buying a home First-Time Home Buyers

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Refinancing Stirs in Latest Month to Highest Level Since February

Eyes on Housing

In the past month, total mortgage activity, as measured by the Mortgage Bankers Association’s (MBA) Market Composite Index, was supported by refinancing, recovering from the relatively lower levels that were characteristic of the months prior.

4 apartment problem areas landlords should keep an eye on

Inman

RentCheck co-founder Lydia Winkler suggested that property managers be proactive about maintenance to keep tenants happy with a fully returned deposit and avoid headaches in between leases.

Housing sector dominates Inc. 5000

Housing Wire

Congratulations to all of the entrepreneurs, founders and executives who have survived the onslaught of phone calls, emails and DMs from first-year private equity associates (yeah… we’re looking at you Summit Partners ….).

Mall traffic rebounds to pre-COVID levels as shoppers return

Realty Biz

Shopping malls in the U.S. are seeing foot traffic return to close to pre-COVID-19 pandemic levels amid what analysts say is a surprising turnaround for the industry. Indoor shopping malls were hard hit during the pandemic as shoppers chose to stay at home rather than venture outside.

Expansion for Single-Family Built-for-Rent Construction

Eyes on Housing

The number of single-family built-for-rent (SFBFR) construction starts is expanding as demand for single-family structures, both for-sale and for-rent, remains strong.

The top 10 most lucrative markets to buy a vacation rental

Inman

The vacation rental management company, Vacasa, analyzed the average cap rate, median home sale price, and annual gross rental revenue in second-home markets across the U.S.

Sales 156

Refinance applications fall as mortgage rates rise

Housing Wire

Mortgage applications decreased 3.9% for the week ending Aug. 13 compared to the week prior and fewer borrowers opted to refinance, according to the latest report from the Mortgage Bankers Association.

7 Backyard Remodeling Ideas for Homeowners on a Budget

HomeLight

Want the backyard of your dreams, but need to stick to a budget? There are plenty of backyard renovation projects that don’t break the bank — and add value to your home. We’ve rounded up seven low-cost, high impact backyard remodeling ideas to totally transform your outdoors: Jump to a project: .