Sat.May 22, 2021 - Fri.May 28, 2021

NAR: Almost 50% of homes sold for more than list price

Housing Wire

The National Association of Realtors Confidence Index Survey for April reveals how hot the housing market is. Per the report, homes that sold had five offers on average , and nearly 50% of homes sold for more than their list price during the four weeks ending May 16.

Sales 389

3 Things To Prioritize When Selling Your House

Keeping Current Matters

Today’s housing market is full of unprecedented opportunities. High buyer demand paired with record-low housing inventory is creating the ultimate sellers’ market , which means it’s a fantastic time to sell your house. However, that doesn’t mean sellers are guaranteed success no matter what.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Record Numbers of Builders Report Material Shortages

Eyes on Housing

Shortages of materials are now more widespread than at any at any time since NAHB began tracking the issue on a regular basis in the 1990s, in is survey for the NAHB/Wells Fargo Housing Market Index (HMI).

Mortgage requirements are loosening for home buyers

The Mortgage Report

Mortgage requirements are easing up. That's good news for home buyers. It may be easier to buy with low credit or a low down payment than it was in 2020. Mortgage News

VA-like housing bill proposed for first responders, teachers

Housing Wire

New legislation would extend a benefit similar to Veterans Affairs loans to first responders and teachers who buy homes. Representatives John Rutherford (R-Fla.), Al Lawson (D-Fla.), John Katko (R-N.Y.), and Bonnie Watson Coleman (D-N.J.)

Buying a Home Is Still Affordable

Keeping Current Matters

The last year has put emphasis on the importance of one’s home. As a result, some renters are making the jump into homeownership while some homeowners are re-evaluating their current house and considering a move to one that better fits their current lifestyle.

More Trending

Most Pandemic Buyers Happy With Their Home Purchase and the Process

Lighter Side of Real Estate

Between COVID restrictions, low inventory, and high competition, there’s no denying that the real estate market has been tough for buyers over the past year. But despite those challenges, the majority of buyers are happy with their decision to buy.

Sales 100

Lenders pick up the pace in closing mortgages

Housing Wire

The average time to close on a mortgage has decreased for a fourth consecutive month to 51 days, according to a new study from ICE Mortgage Technology.

Where Do Experts Say the Housing Market Is Heading?

Keeping Current Matters

As we enter the middle of 2021, many are wondering if we’ll see big changes in the housing market during the second half of this year. Here’s a look at what some experts have to say about key factors that will drive the industry and the economy forward in the months to come. realtor.com. “.

Domestic Sawmill Output Not Keeping Up with Construction

Eyes on Housing

The historic climb for lumber prices, combined with delays and higher costs for other building materials, is a significant limiting factor for home building in 2021.

Feeling overwhelmed? 12 systems to automate your business growth

Inman

Your ability to systematize your efforts and build powerful processes directly impacts your success. To fuel your growth and ensure your real estate business fires on all cylinders, use these 12 real estate agent tips and systems.

Agents 139

Redfin: Over half of buyers are going above asking price

Housing Wire

More than half of homes (51%) have sold above their listing price in the four week period ending May 23, 2021 — up from 26% one year ago, according to a recent study by Redfin. The Redfin study looked at homes sold in 400 U.S. metros.

Sales 355

How Misunderstandings About Affordability Could Cost You

Keeping Current Matters

There’s a lot of discussion about affordability as home prices continue to appreciate rapidly.

Regulation Now Accounts for $93,870 of the Average New Home Price

Eyes on Housing

A new NAHB study shows that, on average, regulations imposed by government at all levels account for $93,870 of the final price of a new single-family home built for sale.

Cash-offer startup Homeward scores $371M in funding

Inman

The funding is split between $136 million in equity and $235 million in debt and will go toward expanding the company's scale.

Equity 135

Freddie Mac taps Michael DeVito as next CEO

Housing Wire

Nearly six months after David Brickman stepped down, government-sponsored entity Freddie Mac has tapped ex- Wells Fargo mortgage executive Michael DeVito to assume the role of CEO.

Mortgage and refinance rates today, May 22, and rate forecast for next week

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates barely moved on Friday. And that brought to an end a week in which they’d edged upward. But such a small change […]. Mortgage Rates Now

New Home Sales Decline Due to Higher Costs

Eyes on Housing

After a significant downward revision for the preliminary March data, April recorded a decline of 5.9% for sales of newly-constructed single family homes, according to estimates from the Census Bureau and HUD.

Sales 101

Need to dust off your LinkedIn profile? 3 steps for making it pop

Inman

If you aren't on LinkedIn already or haven't updated your profile in a while, now's the time to dive in. Here are a few ways to level up your LinkedIn game — and boost your connections.

Mortgage applications decrease 4%

Housing Wire

After two straight weeks of increases , mortgage applications dropped 4.2% for the week ending May 21, 2021, according to the Mortgage Bankers Association ‘s weekly mortgage applications survey.

Should I lock a mortgage rate today? Rate lock strategies

The Mortgage Report

When should you lock a mortgage rate? Ideally, after you're approved for the loan and found the lender offering your lowest rate. Mortgage Rates Mortgage Strategy Erik J. Martin Housing Mortgage mortgage rates Real Estate

Loans 87

Multifamily Built-for-Rent Share: 96% of Starts

Eyes on Housing

According to NAHB analysis of quarterly Census data, the market share of rental units of multifamily construction starts remained elevated at 96% during the first quarter of 2021. In contrast, the historical low share of 47% was set during the third quarter of 2005, during the condo building boom.

The New Normal: What if the brokerage of the future isn’t a brokerage at all?

Inman

How are brokerages evolving given that teams are less constrained by geography thanks to powerful new upstart companies, even as control of real estate technology becomes more centralized? Dive into Part 1 of Inman’s New Normal series.

Turnkey homes vs. fixer-uppers: The best home for your wallet

Housing Wire

There’s a common misconception that fixer-uppers are less expensive than turnkey properties. While turnkey properties come with a higher price tag , they can be a cheaper investment in the long run.

Can the No. 1 Agent Business Challenge Be Solved for Free?

RIS Media

The National Association of REALTORS® (NAR) reports that 93% of homebuyers and sellers claim they are happy with their agent and would use them again. Less than 13% actually do. Most experts agree that, as an industry, the No.

Home Prices Soar in March

Eyes on Housing

In March, national home prices continued to rise at a fast — and unsustainable rate — pushed by strong demand and low housing inventory. Home price appreciation accelerated in most metro areas. The S&P CoreLogic Case-Shiller U.S.

86

Berkshire Hathaway HomeServices CEO steps down to lead Place

Inman

Place, Ben Kinney's back-end technology platform, has tapped BHHS CEO Chris Stuart to lead the company as its new president, Inman has learned exclusively.

New home sales trigger concern over lumber prices

Housing Wire

Today the Census Bureau reported 863,000 new home sales in April 2021. This was a miss from estimates and revisions for the previous months were all negative. From Census : “Sales of new single?family

Sales 275

6 Reasons to Turn Down an Offer on Your Home

American Lifestyle

The post 6 Reasons to Turn Down an Offer on Your Home appeared first on American Lifestyle Magazine. Buying & Selling Home Selling Offer Real Estate Real Estate Owned Real Estate Tips

Agent Spotlight: Christine Bova

First Team Real Estate

FirstTeam Real Estate agent Christine Bova closed an impressive $5 million in total transactions for the month of April, placing her among the top-performing agents in our Huntington Beach Seacliff Office.

Does technology even matter in today’s market?

Inman

With homes flying off the market, is technology still an important piece of an agent’s repertoire, or has that been replaced by good old fashioned real estate fundamentals like masterful negotiating and marketing? Agent Sponsored coldwell banker Does technology even matter in today’s market

How is the housing market impacting real estate agents?

Housing Wire

George Schechter has an entirely new business model. A real estate agent at Compass Florida in Coconut Grove, Schechter has 12 years of experience in the real estate industry, so he’s familiar with its cyclical ups and downs. But today’s housing market has forced him to pivot to remain successful.

Agents 267

Maintaining Your Outdoor Spaces This Summer

American Lifestyle

The post Maintaining Your Outdoor Spaces This Summer appeared first on American Lifestyle Magazine. Outdoors & Gardening Deck Home Maintenence Home Tips Home Trends Landscaping Lawn Care Lawn Tips Outdoors Patio summer

83

Nuggets of wisdom from top Barrie sales rep Bonnie Sample

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: Nuggets of wisdom from top Barrie sales rep Bonnie Sample.

Sales 83