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

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

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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.

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Median Age of Construction Workforce

Eyes on Housing

NAHB analysis of the most recent 2019 American Community Survey (ACS) data reveals that the median age of construction workers is 41, the same as a typical worker in the national labor force.

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.

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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In this webinar, Keller Williams Team Leader Trey Willard will teach you how to create a winning tech stack, and how to leverage apps for real estate success.

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.

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More Trending

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).

8 Easy Tips for Keeping a House Cool in Extreme Heat

Redfin

When temperatures and humidity levels start to rise, it can feel impossible to keep your home at a comfortable temperature. This can be especially true if you live somewhere with intense summers, such as Tucson, AZ or Houston, TX.

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.

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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. “.

5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

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.

No Closing Cost Refinance: What to Know About Zero Costs Refinancing

Maximum Exposure Real Estate

What You Need to Know About No Closing Cost Refinancing Did you know it’s possible to do a no closing costs refinance? Many people have no idea this is even possible. When you were buying a house, you probably didn’t give this much thought.

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.)

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.

Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

In this webinar, Mary Maloney will demonstrate a methodology that will help you create a pipeline with continuous prospects.

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.

Realogy’s Sherry Chris Shares Her Real Estate Marketing Insight

Realty Biz

If there is one thing in this world that remains certain, it’s the fact that legends are busy and difficult to catch up with. Fortunately, even in a worldwide pandemic and cataclysm, many times we find even the most famous and influential leaders are a lot more accessible than we think.

Mortgage rates drop below 3% again

Housing Wire

Mortgage rates fluctuated again last week, down 5 basis points to 2.95% after managing to pop back up to 3% the week prior, according to Thursday data from Freddie Mac ‘s PMMS.

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

Become THE Social-Savvy Agent With This Free eBook

Close more deals from social media leads in 2022! This three-chapter eBook covers the fundamentals of building a digital strategy. You’ll hear from top industry experts and get exclusive insights into how you can become the social-savvy agent. Get your copy today!

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.

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Understanding What Escrow is and How it Works

Redfin

As a homebuyer, there are actually two different times you’ll be dealing with escrow. The first takes place during the home buying process. Escrow starts with your purchase offer on a home and ends when you close on the house. The second escrow period kicks in once you’re a homeowner.

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.

How to Start Investing in Real Estate with $1,000

Realty Biz

Young people ask me all the time if they can start investing in real estate even if they only have $1,000. For that matter, some not-so-young people ask that question too. To which I always answer “Yes – with some limitations.”. The more time your money has to compound, the less you have to invest.

The Complete Realtor: Tools to Successfully Manage Your Personal Life, Career, and Health

Speaker: Marki Lemons Ryhal, REALTOR, Keynote Speaker, 4X International Best Selling Author, and Podcaster at ReMarkiTable, LLC

In this webinar, Marki Lemons Ryhal will teach you how you can pivot and succeed as a real estate agent in the face of adversity!

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.

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How refinancing affects your credit score, and vice versa

The Mortgage Report

Does refinancing hurt your credit? Done correctly, the effects of refinancing should be tiny. But you need to know how to protect your score.

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.

What Happened to Michael Jackson’s Neverland Ranch? A History of the Iconic Celebrity House

Fancy Pants Homes

Many, many years after its famous owner, the King of Pop, stopped calling it home, the sprawling property once known as Neverland Ranch finally found a new resident.

Land 99

The Only Business Plan You'll Ever Need in Real Estate

Overthinking your business plan? The old and tired process of building a 12-month business plan simply doesn’t make sense for the modern real estate business. Learn how to build one that will help you keep on track, stay nimble, and close more deals in 2022.