Housing Wire

OCTOBER 27, 2020

This year’s housing market has been plagued with low inventory, rising home prices, and endless bidding wars, making it hard for some would-be homeowners to get their foot in the door. Will 2021 be any different? Or, will it be a good time to buy a home? If you’ve been eyeing a home purchase but have sat out due to 2020’s competitive market (not to mention the other challenges the year has come with), you might be wondering just that.

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Construction New Construction Loans Mortgages 545

Keeping Current Matters

OCTOBER 27, 2020

Many people are eager to buy a home right now while affordability continues to be a highlight of the current housing market. However, a recent survey by Sparks Research shows that 20% of first-time homebuyers cite a lack of financial education as a barrier to homeownership. This is definitely understandable. If you don’t feel comfortable with the financial process of buying a home, it’s hard to make a confident decision.

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Lighter Side of Real Estate

OCTOBER 27, 2020

Agents: Share articles like these with your branding on them. Learn More. 1. 2. 3. 4. 5. 6. 7. 8. 9. Members: Sign in here to share this article with your branding. Sign in here. Not a member? Seriously? Learn how you can share articles like this one with your branding. Learn more. The post 9 Comics That Show What It’s Like Being a Real Estate Agent appeared first on Lighter Side of Real Estate.

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Eye on Housing

OCTOBER 27, 2020

In August, home price appreciation accelerated in major markets across the nation. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate of 12.1% in August, faster than an 8.9% increase in July. It marks the highest annual growth rate since April 2013.

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Marketing 145

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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

Development

Housing Wire

OCTOBER 26, 2020

The one economic sector that has blown away my estimates this year has been the new home sales market. I predicted peak year-to-date growth of 4.7% but this was before COVID-19, which temporarily crushed bond yields and mortgage rates. This sector is very sensitive to yields in both a positive and negative direction. When mortgage rates got to 4.75% -5% in 2018, demand fell and inventory for new homes went up.

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Sales Construction Mortgages Residential 545

Keeping Current Matters

OCTOBER 30, 2020

Some Highlights. In today’s hyper-competitive market, buyers are often willing to overlook cosmetic or minor repair needs if it means snagging a home in their price range. With so few houses available for sale today, you may be able to skip the bigger renovations before you sell and cash in on the current demand for your house. If you’re ready to move, reach out to a local real estate professional to determine your best next steps in this sellers’ market.

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Point2Homes

OCTOBER 26, 2020

Image: Antonio Guillem / Shutterstock.com. If you’re considering moving out of your parent’s home and into your first apartment, you’re probably pumped. Renting an apartment for the first time can be an exciting experience. Suddenly, you have the freedom to do what you want and create a living space that’s just right for your needs. But, of course, renting does come with some downsides — like having to pay your own bills.

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Housing Wire

OCTOBER 27, 2020

The S&P CoreLogic Case-Shiller index of home prices in 19* U.S. cities rose 5.7% in August from a year ago, the greatest year-over-year gain since 2018, driven unsurprisingly by tightened supply amid record-low interest rates. The August increase was larger than the 4.8% advance the month prior, and the largest annual gain since July 2018, when rates sat closer to 4.52%.

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Technology Mortgages Sales Industrial 531

Keeping Current Matters

OCTOBER 26, 2020

Equity continues to rise, helping American homeowners secure a much more stable financial future. According to the most recent data from CoreLogic , the average homeowner gained $9,800 in equity over the past year. In addition, experts project 2020 home prices to continue rising. With prices going up, equity gains will also keep accelerating. Black Knight just reported : “The annual percent change in the overall median existing single-family-home price has skyrocketed in the past several months,

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Realtor.com

OCTOBER 27, 2020

Jack Kirby A historically significant house has been brought into the 21st century with artistic flair, thanks to a world-renowned painter. The neoexpressionist painter Hunt Slonem is selling the stately Woolworth Mansion on Jefferson Avenue in Scranton, PA, for $1.35 million. He bought the property in 2015 for $295,000, and has spent the last five years restoring it.

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Renovation Commercial As-is Agents 143

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

Industrial

Better Dwelling

OCTOBER 30, 2020

Politicians are increasingly discussing broad upzoning as a housing affordability solution. Instead of one home on a property, you can now build two homes on the same amount of land. All across the city, in some cases. The assumption is if there’s two homes on a property, it’ll be half the price. Makes sense, right? […]. The post Broad Upzoning Makes Housing Less Affordable, And Doesn’t Add Supply appeared first on Better Dwelling.

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Housing Wire

OCTOBER 26, 2020

This content is password protected. To view it please enter your password below: Password: The post Protected: A home shopper’s guide to navigating a competitive market appeared first on HousingWire.

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Marketing Mortgages 528

Keeping Current Matters

OCTOBER 28, 2020

The demand for homes this year is extraordinary as record-breaking numbers of hopeful buyers continue to shop for homes. In a normal year, the peak homebuying season comes to a close by early fall. However, 2020 is anything but a normal year, and the housing market is no exception. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), explains : “ Home sales traditionally taper off toward the end of the year, but in September they surged beyond what we normally see during

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RIS Media

OCTOBER 29, 2020

When taking on any new project, the more you know and understand, the better things are likely to go. The same is true when buying a home for the first time. With our first-time buyer tips, you should be able to avoid many of the problems that can prevent your purchase from going well. Let’s take a look at some of the key things to consider before you jump into the real estate market and buy your first house.

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As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

Agents

Eye on Housing

OCTOBER 27, 2020

The Census Bureau’s Housing Vacancy Survey (CPS/HVS) reported the U.S. homeownership rate declined to 67.4% in the third quarter of 2020, from 67.9% in the prior quarter. The elevated homeownership rates are line with increases in both existing and new home sales in the second quarter. The national rental vacancy rate increased, while the homeowner vacancy rate remained unchanged.

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Sales 140

Housing Wire

OCTOBER 28, 2020

After two weeks of slight declines , mortgage applications regained their footing last week, rising 1.7% from the week prior, according to a report from the Mortgage Bankers Association. The refinance index led the rebound after it gained 3% from the previous week, however, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting, refinance activity has been somewhat volatile over the past few months.

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Fixed-rate mortgage Mortgages Loans Industrial 523

Keeping Current Matters

OCTOBER 29, 2020

The number of houses for sale today is significantly lower than the high buyer activity in the current housing market. According to Lawrence Yun, Chief Economist for the National Association of Realtors ( NAR ): “There is no shortage of hopeful, potential buyers, but inventory is historically low.” When the demand for homes is higher than what’s available for sale, it’s a great time for homeowners to sell their house.

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Maximum Exposure Real Estate

OCTOBER 26, 2020

The Ultimate Guide to Understanding Townhouses Are you thinking about buying a townhouse? Townhouses are once again becoming popular with homebuyers. The increased popularity is thanks to buyers looking for low-maintenance homes, close to amenities that they can walk to, and offer better value. Lots of folks choose to purchase a townhouse as a second […].

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Closing As-is 140

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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.

Sales

Realtor.com

OCTOBER 29, 2020

When you’re a first-time home buyer approaching the finish line in the journey to your new home, you want nothing to go wrong, right? That’s why we’ve put together a home closing checklist, which outlines your action points in those few days leading up to settlement. Keep this closing process list handy to know you’ve done what you need to in order to close the deal. 1.

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Housing Wire

OCTOBER 27, 2020

As news of rising home prices spreads, more and more homeowners consider selling their properties. . After all, higher home prices mean bigger profits, right? Unfortunately, home prices aren’t the only thing you’ll want to think about before listing your home—especially amid a pandemic. If you’re considering selling your home in the current environment, here’s what you’ll want to factor in: Buyer demand: Do people want to buy your home?

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Pre-approval Mortgages As-is Closing 514

Eye on Housing

OCTOBER 30, 2020

Of the 13% of American adults considering a future home purchase in the third quarter of 2020, 50% have moved beyond planning and are actively trying to find one to buy. That is a solid gain from the comparable figure a year ago (44%), which suggests that the COVID-19 crisis and its accompanying record-low mortgage rates continue to convert some. Read More › The post Low Mortgage Rates Continue to Convert Passive Buyers into Active Buyers first appeared on Eye On Housing.

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Mortgages 130

Lighter Side of Real Estate

OCTOBER 26, 2020

Except for the select few who truly don’t care, most people have their own taste for design. Whether it’s transitional, rustic, or farmhouse, everyone has an aesthetic that makes them light up and dream about being able to buy a home that gets everything just right. But there’s one group of people who, above all, knows what they love and aren’t afraid to be vocal about it: the modern design lover.

Design 130

Design 130

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In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

Brokerage

Realtor.com

OCTOBER 28, 2020

tiero / Getty Images Whether your home is hit by lightning, hail, or some other calamity, you’ll be awfully glad you have a home insurance policy in place to help foot the cost of repairs. Yet while homeowner insurance typically covers a variety of common hazards that can befall your home, don’t get too confident, because it may not cover every mishap that may come your way.

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Renovation Land Principal New Construction 135

Housing Wire

OCTOBER 27, 2020

Gen Zers are finally starting to break into the housing market. According to TransUnion, Gen Z mortgage originations jumped 84% at the end of last year, and if recent survey data from Freddie Mac rings true, those numbers should grow substantially over the coming years. . The GSE’s Generation Z Study shows that of Gen Zers — the cohort ranging in age from 8 to 23 — a whopping 89% plan to buy a home by age 30. .

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Loans Mortgages As-is Marketing 497

Eye on Housing

OCTOBER 28, 2020

For some home buyers, housing affordability improved in the last 12 months. According to the Housing Trends Report for the third quarter of 2020, 27% of buyers report being able to afford half or more of the homes available for-sale in their markets. A year earlier, that share was 20%. The increase is an indication that lower mortgage rates have. Read More › The post Some Buyers Perceive an Improvement in Housing Affordability first appeared on Eye On Housing.

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Mortgages Sales Marketing 130

The Mortgage Report

OCTOBER 30, 2020

Popular government mortgage relief programs like HARP and FMERR have ended. But there's one mortgage relief refinance left. Find out if you qualify.

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Mortgages VA loan Loans 128

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.

Agents

Realtor.com

OCTOBER 28, 2020

nadia_bormotova/Getty Images For generations, people have been drawn to big-city life by the irresistible lure of career opportunities, cultural riches, and the sheer excitement of rubbing shoulders with hundreds of thousands—even millions—of people doing varied and interesting things. Then came the COVID-19 pandemic, and suddenly, those tiny apartments, public transportation, and crowded public spaces lost their appeal.

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Housing Wire

OCTOBER 26, 2020

The U.S. forbearance rate measuring the share of mortgages with suspended payments fell slightly to 5.9% last week, according to the Mortgage Bankers Association. Though the rate fell 2 basis points, the decline has begun to slow after two weeks of what MBA’s chief economist Mike Fratantoni called “a flurry of borrowers” exiting as they reached the six-month mark.

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The American Genius for Real Estate

OCTOBER 26, 2020

(HOMEOWNERSHIP) You see the term in the MLS for fixer uppers. You hear it when Realtors are working with first time buyers. But the term "starter home" shouldn't be in anyone's vocabulary. The post A definition of the term Starter Home and why no one should use it appeared first on The American Genius Real Estate.

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MLS 126

Mandrona Group

OCTOBER 30, 2020

The 5 Rights Of Selling Your Home When we talk about getting your home Market Ready Day One we. Read More.

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Marketing 126

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.

Agents