Housing Wire
JUNE 23, 2021
Mark Calabria, the director of the Federal Housing Finance Agency , must go. He is slowly but surely undermining the system he has been charged to oversee, imposing his ideological will on Fannie Mae and Freddie Mac in a way that will leave them weaker, and the housing finance system that depends on them increasingly unable to meet the critical housing needs of the nation.
Keeping Current Matters
JUNE 22, 2021
You may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market , with rising home prices and high buyer competition, it’s crucial to have a clear understanding of your budget so you stand out to sellers as a serious homebuyer.
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Eye on Housing
JUNE 21, 2021
Last Thursday’s post reported on home buyer preferences for kitchen features, from NAHB’s recent study What Home Buyers Really Want, 2021 Edition. That study also asked the same panel of 3,247 recent and prospective home buyers to rate 18 bathroom features on the same four tier scale: Results show that bathrooms, especially the home’s primary bathroom, tend to be very.
Realtor.com
JUNE 23, 2021
Getty Images. Just when you thought it was safe to get back in the water—you can’t! Yup, a perfect storm has converged right when homeowners were hoping to open up (or install) a pool in their backyards this season. Since the COVID-19 lockdown forced folks to stick close to home, the desire for pools has skyrocketed. That’s created a dearth of pool-building materials and contractors who can put one in.
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Housing Wire
JUNE 23, 2021
The big news from the U.S. Census Bureau’s May new home sales report is that sales inventory has increased to 5.1 months, which brings the three-month average to 4.63 months. That begins to change the equation for some homebuilders, who were absolutely thriving in an ultra-low-inventory housing market environment. . As a reminder, when the three-month average for inventory is 4.3 months or lower, builders have the confidence to continue to build.
Keeping Current Matters
JUNE 21, 2021
When it comes to buying a house, you’re looking for the perfect place to call home. The problem is, in today’s market there just aren’t that many homes available to purchase. With inventory hovering near record lows and sky-high buyer demand , a multi-offer scenario is the new normal. Here are five things to keep in mind when you’re ready to make an offer. 1.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Realtor.com
JUNE 24, 2021
Realtor.com; Getty Images It doesn’t matter how perfect your home is—if your listing photos don’t stand out, potential buyers won’t come by to take a look. In our series “ Lessons From Listing Photos ,” we dissect the smart updates sellers have made to their homes, and how their listing pictures highlight the home’s best assets. It’s been said there’s no perfect time to sell a home, but anyone who’s remotely familiar with the housing market in 2021 may beg to differ.
Housing Wire
JUNE 24, 2021
The average 30-year fixed-rate mortgage rose nine basis points from the week prior to 3.02%, according to data released Thursday by Freddie Mac ‘s PMMS. This is the first time in 10 weeks mortgage rates have risen above 3%. “As the economy progresses and inflation remains elevated, we expect that rates will continue to gradually rise in the second half of the year,” said Sam Khater, Freddie Mac’s chief economist. “For those homeowners who have not yet refinanced – and there rem
Keeping Current Matters
JUNE 25, 2021
Some Highlights. Today’s sellers’ market provides unique challenges —and benefits—for buyers. Current low interest rates won’t last forever, and home prices are forecast to rise. If you’re a homebuyer, hang in there. Homeownership improves your quality of life , and the long-term benefits outweigh the short-term challenges. The post Homebuyers: Hang in There [INFOGRAPHIC] appeared first on Keeping Current Matters.
Maximum Exposure Real Estate
JUNE 20, 2021
Best Tips for Coming Out on Top in a Bidding War How do you win when there are multiple offers on the home you love? Winning a bidding war on a house isn’t always easy. If you are planning to buy a home, you may find that out quickly. When making a home purchase now, […]. The post 13 Tips on How to Win a Bidding War When Buying a House appeared first on Massachusetts Real Estate Exposure.
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Realtor.com
JUNE 24, 2021
Realtor.com Get ready. Generation Z is preparing to enter the housing market over the next few years. Almost three-quarters of this cost-conscious generation, currently aged 18 to 25, would prefer to own a home rather than rent one, according to a recent Realtor.com® survey. That’s likely because it can be more financially beneficial to own and build wealth rather than deal with escalating rents each year—and this generation is known to be careful with their money.
Housing Wire
JUNE 23, 2021
An astonishing 580 homes in the Seattle metro area have sold for $300,000 or more above their asking prices in 2021. That’s compared to only 16 homes during the same period in 2020. And that’s just the high end, according to the latest analysis from Redfin. The brokerage/listings portal said 4,078 homes in Seattle have sold for between $100,000 and $299,999 above asking price, compared with 362 last year.
Keeping Current Matters
JUNE 23, 2021
Building financial wealth and stability remains one of the top reasons Americans choose to own a home, and as a homeowner, your wealth often grows without you even realizing it. In a recent paper published by the Urban Institute, Home Ownership is Affordable Housing , author Mike Loftin illustrates how homeowners increase their equity and their wealth simply by making monthly mortgage payments: “The principal portion that reduces the loan balance builds the homeowner’s equity.
Realty Biz
JUNE 22, 2021
What to Know About a Seller Concession. Many terms get bantered around in real estate that either a buyer or seller may not know the meaning of. One such term is seller’s concessions. It is not uncommon at all for a client to ask what are seller concessions. Seller concessions are monies that a homeowner agrees to credit to a buyer in a real estate transaction.
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Realtor.com
JUNE 21, 2021
Getty Images Hummingbirds have long been considered a symbol of joy and happiness and are said to bring good luck and positive energy to those who encounter them. So why not keep the good vibes going by creating a hummingbird hangout in your garden that can ensure these beautiful creatures return year after year? “Adding a hummingbird-friendly spot in your garden, with a foundation of native plants, is an amazing way to support local wildlife and the broader natural environment,” say
Housing Wire
JUNE 22, 2021
Crazy. Horrible. Grueling. These are the words real estate agents use when asked to describe the current state of the market and what it’s like to buy a home today. Buyers are facing unprecedented challenges, they say, due to a confluence of housing market conditions: Pricing. Redfin reported earlier this month that the national median home-sale price hit a record high of $377,200 in May, up a record 26% year over year.
Keeping Current Matters
JUNE 24, 2021
The pandemic created a tremendous interest in vacation homes across the country. Throughout the last year, many people purchased second homes as a safe getaway from the challenges of the health crisis. With many professionals working from home and many students taking classes remotely, it made sense to see a migration away from cities and into counties with more vacation destinations.
Better Dwelling
JUNE 22, 2021
Weak home sales and generally slowing demand have sent lumber prices into a tailspin. The price for the commodity shed another 7 points over the past 7 days. Lumber is now trading at almost half the cost it was 45 days ago, at the record high. Even with that kind of haircut, experts see prices […]. The post Lumber Prices Have Crashed Over 45%, Dropping A Point Per Day On Average appeared first on Better Dwelling.
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.
Sotheby's International Real Estate
JUNE 19, 2021
Each of these stylish compounds—from Connecticut to California wine country—would make an ideal private retreat to enjoy swimming, stargazing, sports, or simply relaxing indoors and out. Chic Wine Country Estate. Sonoma, California | Jennifer Powers, Sotheby’s International Realty – Wine Country – East Napa Street Brokerage. Set amid olive groves and acres of Chardonnay and Pinot vines, this sophisticated compound is a chic wine country retreat.
Housing Wire
JUNE 25, 2021
iBuying appears to be back, after the nation’s top iBuying companies purchased 4,383 homes in the first quarter of 2021 — up 20.6% from the prior quarter. Per a recent report from Redfin , the typical iBuyer-owned home found a buyer after 13 days on the market — the quickest pace since at least 2015, when Redfin began recording iBuyer data. The top quarter of iBuyer activity remains the third quarter of 2019 when, according to Redfin, 8,310 homes were bought via iBuyers.
Realtor.com
JUNE 23, 2021
Getty Images. You might be gazing out at your backyard and thinking it’s seen better days. Sure, the past year was tough on all of us—and even your backyard may be showing battle wounds. But does fixing up your outdoor space really need to be a big financial commitment? The American Society of Landscape Architects recommends homeowners budget the cost of a major landscaping project at 5% to 10% of the value of their home.
Better Dwelling
JUNE 24, 2021
The Canadian property bubble is now receiving some international attention. Bloomberg Economics ranked housing bubbles across the OECD. Second on that list is Canada, which came in just a few points under New Zealand, the king of froth. Global Property Bubbles Are Synchronizing Countries that made headlines for frothy home prices recently, were the largest […].
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.
Sotheby's International Real Estate
JUNE 22, 2021
In 1848, New York phrenologist Orson S. Fowler published a book titled “The Octagon House, A Home for All,” in which he argued that compared to their four-sided cousins, eight-sided homes were healthier—with plentiful windows and a cupola to let in more natural light and fresh air—and more economical—the octagonal shape maximizing interior space and creating a more efficient floor plan.
Housing Wire
JUNE 22, 2021
The question on everyone’s minds: When will this hot housing market cool down? Arch MI investigates this and more in its Spring Housing and Mortgage Market Review. We’ve broken down some of the data below, but be sure to take a deeper dive into the report by clicking here. The post Will we ever see a “normal” housing market again? appeared first on HousingWire.
Afford Anything
JUNE 21, 2021
What did you learn from 2020? That question carries a lot of weight, doesn’t it? Collectively, all of us experienced an unprecedented year. In March 2020, the world changed overnight. Working from home became the norm. The market shot up and down and up again. Bitcoin skyrocketed. Housing prices held at jaw-dropping highs. Needless to say, our internal and external worlds experienced rapid shifts.
Better Dwelling
JUNE 21, 2021
Canadian real estate markets are seeing a shift from peak activity earlier this year. Canadian Real Estate Association (CREA) data shows the sales to new listings ratio (SNLR) fell in May. This is the fourth consecutive month the ratio has fallen since reaching a peak in January. While the SNLR is still high, buyers are […]. The post Canadian Real Estate Markets Are Seeing A Big Shift, As Buyers Drop Faster Than Sellers appeared first on Better Dwelling.
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BubbleInfo
JUNE 23, 2021
Here’s our bimonthly check on how the actives and pendings are faring. Two weeks ago it was suggested, “We were driving 135 MPH, and now we’re down to 127 MPH”. We’re probably down to 100 MPH now. For the first time in months, the total number of active and pending listings are balanced, and almost […].
Housing Wire
JUNE 21, 2021
Though the number of high-quality refi candidates grew from 12 to more than 14 million from March through May — a 15% increase — actual refinance rate locks dropped by 27% over the same period, according to recent data from Black Knight’s Originations Market Monitor. Month over month, overall rate lock volume was down 4.7% in May, with declines seen across purchase locks (-3.4%) as well as cash-out (-3.4%) and rate/term (-8.2%) refinance locks.
Sotheby's International Real Estate
JUNE 24, 2021
While a trip to the cinema is a rewarding experience, curling up to watch a film in the privacy of your own home is a special luxury—especially when you can take the movies outdoors. Setting is a crucial part of any film and residence: where we live shapes our own story, and sets the stage for a narrative to unfold. Whether settling in to watch a Hollywood classic or screening a modern blockbuster for maximum family fun, here are five luxury homes all set for outdoor movie nights.
Realtor.com
JUNE 23, 2021
CHRIS DELMAS/AFP via Getty Images. The numbers: New home sales dropped by a larger-than-expected amount, falling to the lowest level in a year. New home sales occurred at a seasonally-adjusted annual rate of 769,000 in May, the U.S. Census Bureau reported Wednesday. The figure represented a 5.9% drop from the previous month’s revised figure, but was up 9.2% from a year ago.
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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