Sat.May 28, 2022 - Fri.Jun 03, 2022

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MBA: Mortgage apps decline 2.3% to four-year low

Housing Wire

Mortgage apps dropped 2.3% for the week ending May 27, decreasing to the lowest level since December 2018, as measured by the Mortgage Bankers Association ’s (MBA) Market Composite Index. “Mortgage rates fell for the fourth time in five weeks, as concerns of weaker economic growth and the recent stock market sell-off drove Treasury yields lower,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting.

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Home Prices Surged in March

Eye on Housing

National home prices grew at an unsustainable pace in March, reaching an all-time high. This indicates that the imbalanced market with strong demand and record-low inventory continued to put upward pressures on home prices. However, keep in mind this is a backward-looking reading. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at.

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15 New Real Estate Agent Tips to Retire as a Millionaire

The Close

We collected the best real estate agent tips from hundreds of top-producing agents and coaches that we’ve worked with over the years. We’ve included links to 17 in-depth articles to help you learn more about each of these real estate agent tips from Rolls Royce driving, private jet flying, all-around real estate ballers. Believe it or not, we’re living in the golden age of self-made millionaires.

Agents 141
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Why Home Loans Today Aren’t What They Were in the Past

Keeping Current Matters

In today’s housing market, many are beginning to wonder if we’re returning to the riskier lending habits and borrowing options that led to the housing crash 15 years ago.

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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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Solid job growth defies recession talk — for now

Housing Wire

Some Americans believed we entered a recession at the start of 2022; however, the jobs report for May came in at 390,000, dashing any hopes that this was the case and starting their weekend on a foul note. We did have some minor negative revisions to the prior reports, but the 10-year yield stayed firm after the announcement at 2.95%, with no real movement.

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Virtual Tours are Here to Stay: 4 Tips for Landlords

GeekEstate

There’s no denying that the COVID-19 pandemic changed the world as we know it, and while we’re certainly returning to some sense of normalcy, there are a few trends that emerged that are likely here to stay. In the property management industry, virtual property tours are one of tools that increased in popularity during the pandemic , and are likely to continue into the future.

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How Homeownership Impacts You

Keeping Current Matters

June is National Homeownership Month, and it’s the perfect time to reflect on how impactful owning a home can truly be.

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Residential construction jobs now 7.6% above pre-COVID level

Housing Wire

After a month of very little change in April , the construction sector had a solid month of job growth in May, according to the U.S. Jobs Report released on Friday. Construction gained 36,000 jobs in May, with residential building adding 5,000 jobs and residential specialty trade contractors gain 11,700 jobs. Employment in the construction sector is 40,000 higher than its level in February 2020, while employment in residential building is 7.6% higher than its pre-pandemic level.

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The Lounge Life: Five Homes Ideal for Indoor-Outdoor Living

Sotheby's International Real Estate

In desirable locales from East Hampton to San Francisco, these five homes are perfect for the long, lovely days of summer, blending spaces for enjoying the outdoors with easy access to interior comforts and conveniences. Sleek Modern Style in Sagaponack. Beate V. Moore, Sotheby’s International Realty – Bridgehampton Brokerage. Designed by esteemed architect Steven Harris, this thoroughly modern farmhouse sits on 1.3 emerald acres just a block from the beach.

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Is It a Good Time to Buy a House or Wait Until 2023?

Marco Santarelli

Check out the latest housing trends if you're unsure whether it is a good time to buy a house. The average 30-year fixed mortgage rate surpassed 5% in April, a few percentage points higher than the historically low levels of 2021. As a buyer, you do not want to hear this because lower interest rates make home loans more affordable. According to the Mortgage Bankers Association, mortgage credit availability was 30 percent lower in March of this year than prior to the coronavirus pandemic.

Mortgages 124
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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What Does the Rest of the Year Hold for the Housing Market?

Keeping Current Matters

If you’re thinking of buying or selling a house, you’re at an exciting decision point.

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Mortgage rates steady at 5% as housing supply increases

Housing Wire

Purchase mortgage rates this week averaged 5.09%, essentially flat from the prior week, according to the latest Freddie Mac PMMS. A year ago at this time, 30-year fixed rate purchase rates were at 2.99%. The government-sponsored enterprise index accounts solely for purchase mortgages reported by lenders during the past three days. “Mortgage rates continued to inch downward this week but are still significantly higher than last year, affecting affordability and purchase demand,” said Sam Khater,

Mortgages 427
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Inside Villa Firenze

Sotheby's International Real Estate

Taking its name from the Italian city known as the birthplace of the Renaissance—with iconic art and architectural landmarks serving as reminders of that illustrious history—this majestic estate on 9.85 acres in Los Angeles lives up to its namesake with its eye-catching style, abundant Old World elements, and a dedication to luxury and refinement. The compound encompasses a magnificent main palazzo, a grand motor court with manicured hedges and a classical fountain, multiple expanses of lush eme

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Doom or Plateau?

BubbleInfo

These people have been insisting for years that prices will be going down because of higher rates, foreclosures, forbearances, recession – you name it! Will fewer sales will cause higher or lower prices? The authors below say that lower sales volume will result in the ‘home price trend for the next couple of years will […].

Sales 119
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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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.

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Construction Job Openings Jump

Eye on Housing

The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs jumped to 449,000 unfilled positions in April. This is the highest measure in the history of the data series (going back to late 2000). The housing market remains underbuilt and requires additional labor, lots and lumber and.

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Logan Mohtashami unpacks the slow train wreck that’s been happening in housing inventory

Housing Wire

In this HW+ Slack Q&A, HousingWire Lead Analyst Logan Mohtashami answers questions from our HW+ member community. One top question he addresses is how the industry is reacting to this savagely unhealthy housing market. As a member of HW+, you get access to 30-minute Slack Q&As , where we invite the HW Media newsroom to break down the hottest topics in the industry.

Sales 427
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Cuisine and Culture | A Tasting Plate of Pacific Flavors From Top Chef Ned Bell

Sotheby's International Real Estate

??. Acclaimed chef Ned Bell spent parts of his childhood on the rugged coasts of Vancouver Island in British Columbia, instilling in him a taste of the sea’s diverse delicacies—and an appreciation for its delicateness. Sourcing seafood wisely and creatively has never been more important, and is the focus of his bestselling cookbook Lure: Sustainable Seafood Recipes From the West Coast.

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San Diego Case-Shiller Index, March

BubbleInfo

Mortgage rates didn’t get into the fives until early April, and up until then, the frenzied-out buyers were grabbing something at any price. The June index will show the full effect, which we’ll get at the end of August. San Diego Non-Seasonally-Adjusted CSI changes Observation Month SD CSI M-o-M chg Y-o-Y chg Jan ’20 264.04 […].

Mortgages 119
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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

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38 Bad Real Estate Photos Agents Actually Posted

The Close

One of the first things new agents and buyers realize is that awful real estate pictures are everywhere. There’s just something about the combination of real estate agent + homeowner + camera that leads to an artistic disaster. That’s why we reached out to some of our favorite agents and friends to gather the worst of the worst real estate listing photos for your viewing “enjoyment.

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2022 Rising Star Morgan Salama: The intersection of strategy and real estate 

Housing Wire

2022 HousingWire Rising Star Morgan Salama, pictured above, is portrayed on the cover of the June HousingWire Magazine issue. Photo credit: Chris Plavidal. Strategy is the foundational element in building the future of the housing sector. And, if strategy is the foundation, we’d say that Morgan Salama is one of the key people building that foundation.

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VA loans give veterans the hope of homeownership, the American Dream

The American Genius for Real Estate

(HOMEOWNERSHIP) After a veteran of the US Navy was honorably discharged due to injuries, VA loans offered a chance to pursue homeownership. The post VA loans give veterans the hope of homeownership, the American Dream appeared first on The American Genius Real Estate.

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Boom to Doom?

BubbleInfo

The headline writers are having fun with the current real estate market. They must challenge each other with whom can come up with the most outrageous headline, regardless of what’s in the article. In this week’s article, he says, “that we’ve officially moved from a housing boom into a “housing correction.” “The housing market has […].

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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 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.

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Make the Most of Your Outdoor Space

Coldwell Banker

We all want to spend as much time as we can outside during the summer months. There’s nothing quite like a relaxing summer day in the backyard with friends, hosting a barbeque or enjoying an evening under the stars around the firepit. Summer is made for chilling and breathing in the fresh air and just […]. The post Make the Most of Your Outdoor Space appeared first on Coldwell Banker Blue Matter.

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Opinion: how digital closings can help with housing affordability

Housing Wire

From the White House and Congress to multiple federal agencies, one of the top concerns is housing affordability. Consumers are worried too. About half of U.S. adults (49%) say the availability of affordable housing is a major problem where they live, up 10 percentage points from 2018. The same 2021 Pew survey , 70% of Americans said young adults today have a harder time buying a home than their parents’ generation did.

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20 free professional marketing tools to kickstart growth for your business

The American Genius for Real Estate

(TECHNOLOGY) Running a small business is a ton of work and you need all the help you can get. Here are 20 free tools that help make it a little easier. The post 20 free professional marketing tools to kickstart growth for your business appeared first on The American Genius Real Estate.

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Apartment Absorption Increased while Completions Fell

Eye on Housing

Data from the Survey of Market Absorption of Apartments (SOMA), produced by the Census Bureau, suggest continued improvement for the multifamily sector in the fourth quarter of 2021 due to strong demand and low vacancy rates. However, the decline in the number of apartment and condominium completions in the fourth quarter of 2021 may reflect the ongoing supply chain challenges.

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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.

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Step by Step Guide: How CRO Can Help Increase Conversions for Your Real Estate Website

Jason Fox

Step by Step Guide: How CRO Can Help Increase Conversions for Your Real Estate Website. CRO, or conversion rate optimization, is becoming more important as businesses compete for customer attention. Businesses that hone in on CRO and make it a priority benefit from spikes in sales and client interaction. Conversion rate optimization (CRO) is the systematic process of increasing the percentage of website visitors who take a desired action.

Sales 111
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UWM’s CEO Mat Ishbia a finalist to buy Denver Broncos

Housing Wire

United Wholesale Mortgage ’s CEO Mat Ishbia is a finalist to buy the Denver Broncos, which have been up for grabs since February 2022. As first reported by 9NEWS , four contenders are currently in the running to snatch the team: Ishbia and his brother Justin Ishbia, who owns 22% of UWM; Josh Harris, owner of NBA Philadelphia 76ers and NHL New Jersey Devils; Rob Walton, son of Sam Walton, who was the founder of Walmart; and Jose Feliciano, co-owner of Clearlake Capital, which was the money behind

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Do agents have to disclose if they have friends and family as clients?

The American Genius for Real Estate

(BROKERAGE) If you’re a real estate professional looking to take a familial client under your wing, are you legally obligated to disclose your relation? The post Do agents have to disclose if they have friends and family as clients? appeared first on The American Genius Real Estate.

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Sotheby’s International Realty Expands its Presence in Ireland

Sotheby's International Real Estate

Sotheby’s International Realty today announced the opening of Lisney Sotheby’s International Realty in Ireland. The opening brings the brand’s total number of affiliated offices in Europe to more than 200 and signifies the brand’s continued expansion in Ireland with a total of seven offices servicing the country. Lisney Sotheby’s International Realty is owned and operated by Lisney, Ireland’s largest independently owned multi-disciplinary property advisory com

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How Enriching the Lives of Your Clients Leads to Greater Sales Success

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.