Housing Wire
AUGUST 20, 2021
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. Millennial buyers, for instance, are more prominent in Colorado while older buyers are more likely to put down roots in Ohio. . These are the places with the oldest average homeowners: 1.
Keeping Current Matters
AUGUST 17, 2021
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? It starts with the number of houses available for sale. The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low.
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Realtor.com
AUGUST 17, 2021
California Gov. Gavin Newsom has sold his midcentury modern home in the Marin County enclave of Kentfield, CA, for $5.9 million. The post California Gov. Gavin Newsom Sells Marin County Mansion for $5.9M appeared first on Real Estate News & Insights | realtor.com®.
Better Dwelling
AUGUST 17, 2021
Canada’s highly indebted households are worried about their cost of living. Now they want politicians to fix it. Abacus Data polled voters in August for their top concerns this election. Voters overwhelmingly agree the cost of living is the biggest, by far. It was an issue last election, but not to this extent — nearly […]. The post Canada’s Cost of Living Is The Number One Issue This Election: Abacus Data appeared first on Better Dwelling.
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Housing Wire
AUGUST 18, 2021
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. This mixed bag of results reflects the typical variability in the data that occurs when not too much has been happening in housing except that monthly supply has been rising for the new home sales market.
Keeping Current Matters
AUGUST 19, 2021
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. Odeta Kushi, Deputy Chief Economist for First American , explains why millennials have put off certain milestones linked to homeownership. Those delays led to their homeownership rates trailing slightly behind older generations: “ Historically, millennials have delayed the critical lifestyle cho
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Better Dwelling
AUGUST 17, 2021
Canada’s highly indebted households didn’t see their finances improve during the pandemic. Many did get a lot more neat stuff they couldn’t afford without low interest rates though. That’s the takeaway from the MNP Consumer Debt Index, conducted quarterly by Ipsos. The poll found a third of Canadians consider themselves “house poor.” Even more are […].
Housing Wire
AUGUST 17, 2021
For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology.
Homes.com
AUGUST 18, 2021
In an intense seller’s market, it’s not unusual to see buyers waive contingencies or place an offer on a house sight unseen — both of which can lead to buyer’s remorse. Once a buyer’s offer is accepted by the seller, the buyer is contractually obligated to the home purchase. Or are they? The post Can a Buyer Back Out of a Home Purchase Contract? appeared first on Homes.com.
Sotheby's International Real Estate
AUGUST 17, 2021
On a Malibu hillside not far from the cool blue depths of the Pacific, this secluded and secure 10-acre oasis exudes a chic coastal ambience recalling the seaside escapes of Brazil, which offer peaceful natural respite from that country’s bustling metropolises. Rooms throughout the 3,878-square-foot floor plan open to a collection of patios, verandas, and breezy sitting alcoves, and the property’s constellation of towering palms, fruit and avocado trees, and mature green foliage furthers the sen
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.
Better Dwelling
AUGUST 18, 2021
Canada hasn’t seen this much housing being delivered in a very long time. BMO senior economist Robert Kavcic wrote to clients about July’s new housing completion data this morning. Canada hasn’t built this much housing in decades. While some supply-side issues remain, it’s less of the concern it was a few years ago. Instead, he […].
Housing Wire
AUGUST 19, 2021
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. This week’s slight decline tracks closely with downward-trending U.S. Treasury yields.
Realty Biz
AUGUST 17, 2021
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. And with the rise of e-commerce and curbside pickups, many felt that the retail sector was headed towards an apocalypse.
Sotheby's International Real Estate
AUGUST 16, 2021
In fairy tales, castles play host to adventure, celebration, and romance, so it’s no wonder that castle living is a dream that carries over into real life. While modern castles are a rarity, the architectural style of these storied structures can still be found around the world for those who seek it—and turrets are just one of these magical elements.
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Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.
Better Dwelling
AUGUST 18, 2021
Canadian inflation made an unexpected surge last month. Statistics Canada (Stat Can) data shows the Consumer Price Index (CPI) jumped in July. The measure of inflation accelerated after a brief pause the month before. Housing once again played a big role in the acceleration of the cost of living. Canadians Saw Their Cost of Living […]. The post Soaring Canadian Home Prices Help To Push Inflation To The Highest Level In Years appeared first on Better Dwelling.
Housing Wire
AUGUST 18, 2021
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. Ten-year Treasury yields rose overall but tapered off slightly at the end of last week , and 30-year mortgage rates tracked by the MBA reached 3.06%.
HomeLight
AUGUST 16, 2021
You’ll see the term as-is when shopping for a house, but what exactly does as-is mean? Does it mean you’re about to walk into a home where the roof is falling in, or one that is occupied by a rogue family of raccoons? It can — but as-is doesn’t necessarily mean a home is unlivable or unsafe. There are a few different types of as-is designations, and what as-is really means varies by designation.
Sotheby's International Real Estate
AUGUST 19, 2021
Traditional Victorian homes tend to be steeped in history, and this immaculate Madison, New Jersey property quite literally has a storied past. Commissioned by J.H. McGraw of McGraw Hill Publishing as a summer retreat for the family, the home was completed in 1890 and dubbed “Edgewood.”. While Victorian architecture refers to the era of Queen Victoria’s reign from 1837 through 1901, this home’s design in particular is classically Queen Anne, distinguished by its gabled roofs, rounded towers, asy
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.
Better Dwelling
AUGUST 15, 2021
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Largest Source Of Money Laundered Funds For Real Estate Is… Canadians Dirty money from Canada is the biggest source of cash laundered through real estate. Global Financial Integrity (GFI) conducted a study, and found US$626.3 million ($822.7 million) of real […].
Housing Wire
AUGUST 20, 2021
Low-fee, team brokerage and alternative models lead the 2021 Inc. 5000 rankings, mirroring the 2021 RealTrends 500 rankings. Some 69 fast growing real estate brokerage firms, teams and alternative models made the list. Top Verticals. Growth. Mortgage. Tech & Solutions. Title. At the top of the real estate/alternative model category, at No. 56, was Big Block Realty , which ranked No. 160 by sides and No. 91 by volume in the RealTrends 500 (RT500).
Brownstoner
AUGUST 20, 2021
The dream is coming to an end. Grand Prospect Hall may soon be demolished, as the property’s new owner has filed demolition permits for the iconic Prospect Avenue structure, public records show. The banquet hall is one of several connected buildings between 253 and 273 Prospect Avenue that are being… Read More > The post Demolition Permit Filed for Park Slope’s Grand Prospect Hall appeared first on Brownstoner.
Sotheby's International Real Estate
AUGUST 18, 2021
Featuring curated videos from the most sought-after destinations the world over, discover this week’s V ideo of the Week. ??. Ontario, Canada | Martinus Geleynse, Sotheby’s International Realty Canada. Overlooking Lake Ontario, this unique property offers luxurious living with four indoor kitchens, two outdoor kitchens, top of the line appliances and finishes, and a large covered walk-out deck.
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.
Better Dwelling
AUGUST 19, 2021
Home sales might be slowing, but Canadians have begun one of the most epic debt binges ever. Bank of Canada (BoC) data shows outstanding residential mortgage credit reached a new record in June. It didn’t just “soar” to that level though. It showed explosive growth, like someone strapped a rocket to it. Canadians Now Have […]. The post Canadian Mortgage Debt Has Never Seen Such Explosive Growth, Hits $1.7 Trillion appeared first on Better Dwelling.
Housing Wire
AUGUST 20, 2021
The mortgage market had a stunning year in 2020, with closed-end originations increasing by 65.2% from the year prior, a Home Mortgage Disclosure Act (HMDA) report published by the Consumer Financial Protection Bureau this week disclosed. But some of the industry’s same problems remained in 2020. According to the report, comprised of data provided by 4,472 financial institutions, the increase was predominantly driven by the refi wave , with originations jumping from 8.3 million in 2019 to
Brownstoner
AUGUST 17, 2021
The City Planning Commission will vote to disapprove the controversial Crown Heights apartment tower that threatens to block the Brooklyn Botanic Garden’s sunlight, the commission’s chair said on August 16. During a public meeting of the commission, Lago reiterated concerns about the size of the development and the risk it… Read More > The post Citing Risk to Botanic Garden, City Planning Commission Will Vote No on Crown Heights Tower appeared first on Brownstoner.
The Mortgage Report
AUGUST 16, 2021
Today’s mortgage and refinance rates Average mortgage rates inched lower last Friday. But, in spite of that making three consecutive days of falls, those rates were higher on Friday evening […].
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Better Dwelling
AUGUST 14, 2021
Canadian real estate has seen record sales and record prices — fueled by record mortgage debt. Bank of Canada (BoC) data shows banks held a record amount of mortgage debt in Q1 2021. If broken down by region, we can see Ontario and PEI are the fastest-growing markets. Considering Ontario is such a large balance, […]. The post Canadian Banks See Mortgage Debt Surge In Growth, Led By Ontario and PEI appeared first on Better Dwelling.
Housing Wire
AUGUST 19, 2021
Delinquency rates for mortgage loans on one-to-four-unit residential properties shrank across the board to 5.47% in the second quarter, according to a Mortgage Bankers Association survey published this week. Compared to the previous quarter , the delinquency rate dropped 91 basis points and was down a whopping 275 bps from a year ago. The results are welcome news and run counter to worries that gained traction last year that elevated levels of delinquencies would result in a slew of foreclosures
GeekEstate
AUGUST 19, 2021
Real estate fraud is terrifying. Even some of the best in the business get duped, like Barbara Corcoran and her staff. Consumers are trusting professionals in the industry to take care of them and the buying and selling of their largest assets, so we have to be prepared for deceit. We receive phishing emails all of the time and alert our staff to not respond as soon as we can.
The Mortgage Report
AUGUST 16, 2021
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.
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.
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