Sat.Oct 24, 2020 - Fri.Oct 30, 2020

Redfin faces lawsuit claiming it favors white neighborhoods

Housing Wire

The National Fair Housing Alliance and nine other housing organizations filed a lawsuit against Redfin on Wednesday, accusing the online brokerage of racial discrimination and favoritism toward predominately white neighborhoods.

How Down Payment Assistance Opens the Door to Homeownership

Keeping Current Matters

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.

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9 Comics That Show What It’s Like Being a Real Estate Agent

Lighter Side of Real Estate

Agents: Share articles like these with your branding on them. Learn More. 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.

Luxury Real Estate Headlines: Final Week in October 2020

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Garberville, California | Healdsburg Sotheby’s International Realty .

Is 2021 a good time to buy a house?

Housing Wire

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?

Two Important Impacts of Home Equity

Keeping Current Matters

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.

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Fixed-rate mortgages favoured by first-timers; hybrid mortgage introduced

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: Fixed-rate mortgages favoured by first-timers; hybrid mortgage introduced.

Holy smokes — new home sales are up 32.1% year over year

Housing Wire

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.

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Buyer Interest Is Growing among Younger Generations

Keeping Current Matters

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.

Broad Upzoning Makes Housing Less Affordable, And Doesn’t Add Supply

Better Dwelling

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.

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Lisa Patel steers TRREB through COVID-19

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: Lisa Patel steers TRREB through COVID-19.

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Home price index sees greatest gain in over 2 years

Housing Wire

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%

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Three Ways Low Inventory Is a Win for Sellers

Keeping Current Matters

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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Glamorous Glass | 5 Homes with Stained-Glass Windows

Sotheby's International Real Estate

From New York to California, these homes feature stained-glass elements that transmit light and transform it into color, creating accents that are both visually striking and vibrant. A Piece of San Francisco History.

Don’t you forget about me: Stay in touch without being a nuisance

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: Don’t you forget about me: Stay in touch without being a nuisance.

Refis lead the way as mortgage applications rise 1.7%

Housing Wire

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.

A definition of the term Starter Home and why no one should use it

The American Genius for Real Estate

(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.

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Why you shouldn’t use your 401(k) to pay off a mortgage

The Morgtage Report

Most experts say: Don't use your 401(k) to pay off a mortgage. Luckily, you don't have to. There are plenty of other ways to pay off your mortgage early.

Teams return to Century 21 In Town Realty in Vancouver

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: Teams return to Century 21 In Town Realty in Vancouver.

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Mortgage forbearances down 2 basis points to 5.9%, led by Fannie and Freddie

Housing Wire

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.

Lead Nurturing Tips for the Busy Real Estate Agent

RIS Media

Do you have your real estate business set up for long-term success or do you find yourself going from transaction to transaction? You may also find clients who are ready to buy or sell immediately.

10-Year mortgage rates: Can I get a 10-Year fixed home loan?

The Morgtage Report

10-year mortgage rates are lower than 30- and 15-year rates. But payments are much higher. Find out: Are 10-year mortgage rates worth it for you? Mortgage Products Mortgage Rates Mortgage Strategy 10-year fixed mortgage rates 10-year mortgage rates 10-year refinance rates 10/1 ARM 10/1 ARM rates

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Are ghosts about to haunt your real estate deal?

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: Are ghosts about to haunt your real estate deal?

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Here are the top 15 cities where Gen Z wants to buy a home

Housing Wire

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. .

Driving Diversity in Real Estate: A Discussion with Jasmyn Sylvester

App Folio

Diversity is a word we hear often, but what does it actually mean? As defined by Global Diversity Practice , diversity is any dimension that can be used to differentiate groups and people from one another. It’s also about empowering people by respecting and appreciating what makes them different. .

7 Steps to Prepare Your Home for Winter

RIS Media

(TNS)—All seasons affect your home, but perhaps no other season impacts it more than winter. The cold temperatures, wind, snow and freezing rain combine to make it a season not to be ignored.

Inside a Remarkable Upper East Side Townhouse

Sotheby's International Real Estate

Along one of the storied streets of Manhattan’s Upper East Side, this stately five-bedroom townhouse stands as a stalwart example of the traditions and regal refinement for which its historic neighborhood is known and beloved.

Protected: A home shopper’s guide to navigating a competitive market

Housing Wire

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. Citi Mortgage Special Reports

RBC Forecasts Canadian Mortgage Defaults Will Start Rising Next Year

Better Dwelling

Canadian real estate markets aren’t yet in the clear, despite the surge in buying activity. RBC Capital Markets, in a note to institutional clients, is forecasting mortgage deferrals won’t rise until the second half of 2021.

10 Habits of Top Real Estate Agents

RIS Media

Attaining success isn’t simply a matter of luck—it’s a matter of taking the time to learn real estate inside and out, applying your knowledge and sticking with it. Being successful is never a “one-and-done” situation.