Housing Wire

OCTOBER 13, 2020

In the largest increase since 2013, luxury home sales rose 41.5% in the third quarter, according to a new report from Redfin. While sales in this segment of the housing market have skyrocketed, the sales of medium-priced homes went up only 3% and sales of affordable homes actually declined by 4.2%. “The luxury housing market normally takes a hit during recessions as wealthy Americans tighten their purse strings, but this isn’t a normal recession,” Redfin Chief Economist Daryl Fairweather said in

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Keeping Current Matters

OCTOBER 14, 2020

Many industries have been devastated by the economic shutdown caused by the COVID-19 virus. Real estate is not one of them. Mark Fleming, Chief Economist for First American , just reported : “Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the coronavirus is the housing market.

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Realty Biz

OCTOBER 13, 2020

What to Know About House Appraisals. A house appraisal can be concerning whether you are buying or selling a home. The licensed appraiser will check the property to work out the fair market value. This can make both buyers and sellers very nervous. Will the appraiser assess the home to be worth what is expected? Will the appraisal come in low? What happens then?

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Better Dwelling

OCTOBER 16, 2020

On the day Canadian home sales and prices hit record highs, the central bank announces an end to the program partially responsible for the surge. The Bank of Canada (BoC) flooded the market with cheap mortgage credit in March. Yesterday, as market data showed a fever pitch had been reached during the “worst” recession in […]. The post Bank of Canada Ending Pandemic Program That Helped Real Estate Prices Surge appeared first on Better Dwelling.

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Housing Wire

OCTOBER 16, 2020

Our job as mortgage professionals is to help consumers when and how they need us. This is especially important in the current crisis as the behaviors of both consumers and those in the housing industry are changing. Join Jornaya ’s Head of Consumer Finance Mike Eshelman and Chief Marketing Officer Rich Smith as they discuss consumer shopping trends and the impacts on the housing industry.

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Keeping Current Matters

OCTOBER 12, 2020

There are many benefits to working with a real estate professional when selling your house. During challenging times, like what we face today, it becomes even more important to have an expert you trust to help guide you through the process. If you’re considering selling on your own, known in the industry as a For Sale by Owner (FSBO) , it’s critical to consider the following: 1.

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Realtor.com

OCTOBER 15, 2020

fstop123/Getty Images Few things are as exciting as purchasing a newly constructed home. Everything is pristine and, presumably, will last for a very long time. However, just because a house is new doesn’t mean it’s free of flaws. There are a lot of factors that could make a brand-new home a less than ideal purchase. So, before closing on a new-construction home, here are some things you need to consider. 1.

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Housing Wire

OCTOBER 12, 2020

The health and economic crisis has made 2020 a horrific year for many Americans. Added to all that misery we had terrible fires in the West and hurricanes in the East. From my perspective, that ball in Times Square can’t drop fast enough hailing the end of this year. One might think that with all the bad juju circulating the planet lately, people would be extra careful not to bring more misery upon themselves.

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Keeping Current Matters

OCTOBER 13, 2020

One of the biggest misconceptions for first-time homebuyers is how much you’ll need to save for a down payment. Contrary to popular belief, you don’t always have to put 20% down to buy a house. Here’s how it breaks down. A recent survey by Point2Homes mentions that 74% of millennials (ages 25-40) say they’re interested in purchasing a home over the next 12 months.

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Better Dwelling

OCTOBER 13, 2020

Canadian real estate prices made one of the largest leaps on news of a pandemic-driven economic shut down. US Federal Reserve Bank of Dallas data shows most G7 countries saw prices rise in real terms during Q2. Canada however, saw real home prices launch at the fastest pace of any of the advanced economies. This […]. The post Canadian Real Estate Prices Make Biggest Jump In The G7, During The Pandemic appeared first on Better Dwelling.

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Banks 132

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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.

Loans

Realtor.com

OCTOBER 15, 2020

Kritchanut/Getty Images As much as we all wish we could go back to a time when social distancing was a foreign concept and masks were just something you wore with a Halloween costume, it’s clear by now that COVID-19 isn’t going anywhere. At least, not anytime soon. One consequence of the pandemic is that our collective concern over cleanliness remains at an all-time high.

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Housing Wire

OCTOBER 15, 2020

The average U.S. mortgage rate for a 30-year fixed loan fell to 2.81% this week, the lowest in Freddie Mac’s survey history, the mortgage giant said in a report on Thursday. The rate fell six basis points from the week prior and is now five basis points lower than the original all-time low set in mid-September. The average fixed rate for a 15-year mortgage was 2.35%, falling from last week’s 2.37% — matching the record set three weeks ago.

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Keeping Current Matters

OCTOBER 16, 2020

Some Highlights. With so few houses available on the market today, being ready for a bidding war is essential for prospective homebuyers. From pre-approval to making your best offer, here are three tips to make sure you can act quickly and confidently when you find the perfect home. Reach out to a trusted real estate professional today to be sure you have the guidance you need as the competition for homes heats up this season.

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Jason Fox

OCTOBER 14, 2020

How to Use Social Data to Launch a Successful Video Marketing Campaign. Companies from every industry are crazy about video marketing. For them, it’s a fun way to engage their audiences and also an effective strategy to boost brand exposure. It’s not just empty rhetoric, it’s a proven fact. Just take a look at these stats by Biteable: video content attracts 300% more traffic and effectively nurtures.

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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 13, 2020

Jirsak / Getty Images If you’re buying a home, one question you might wonder is this: Is home insurance required when you own a house? In many cases, homeowners insurance is indeed mandatory—and even in cases where it isn’t absolutely necessary, it’s still a good idea. To help you understand why, we’ve put together this Home Buyer’s Guide to Home Insurance , which will help walk you through what you need to know from beginning to end.

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Housing Wire

OCTOBER 16, 2020

The LGBTQ+ Real Estate Alliance organization announced that it is partnering with the National Fair Housing Alliance (NFHA) and has landed its first corporate sponsor, Engel & V?lkers. The LGBTQ+ Real Estate Alliance, which officially launched on Oct. 1, is an inclusive member-based organization dedicated to enhancing the professional lives of its members while providing consumers with the proper resources to assist in buying and selling their home.

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Homes.com

OCTOBER 12, 2020

Homeownership makes many positive social contributions, but the most important may be that it is the predominant way families build wealth. And now, numbers are soaring. The post Why is the Homeownership Rate Soaring? appeared first on Homes.com.

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Finance 127

Eye on Housing

OCTOBER 14, 2020

Prices paid for goods used in residential construction climbed 1.8% in September (not seasonally adjusted) according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The index for inputs to residential construction, goods less food and energy (i.e. the “core”)—a less volatile price measure—increased 2.2% over the month.

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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 16, 2020

realtor.com, Kevin C. Cox/Getty Image After buying a Florida mansion a few months ago, the Washington Nationals ace Max Scherzer is now ready to part with his gorgeous Virginia home. His modern mansion with Potomac River views in McLean, VA, is now on the market for $15 million. Scherzer purchased the home in August 2015 for $5.2 million, shortly after signing a seven-year, $210 million contract with the Nationals.

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Housing Wire

OCTOBER 13, 2020

Just one quarter away from its expected public debut, United Wholesale Mortgage reported record loan volume in the third quarter. The Detroit-based company, the largest wholesale lender in the U.S. , originated $54.2 billion in closed loans during the third quarter, an 81% increase from the $29.9 billion it originated in Q3 2019 (loan volume was up 31.8% from Q2 2020).

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Brownstoner

OCTOBER 14, 2020

Here's an opportunity to become just the third owner of a Prospect Heights row house that has a wealth of original details sure to appeal to a true brownstone aficionado. Located within the Prospect Heights Historic District, it's one of row built in 1901 on a stretch of Sterling Place… Read More > The post Intact Prospect Heights Brownstone With Mantels, Stained Glass, Marble Sinks Asks $3.595 Million appeared first on Brownstoner.

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Marketing 119

The American Genius for Real Estate

OCTOBER 13, 2020

(BROKERAGE) It sounds dreamy to open your own brokerage and be your own boss, but when is it TRULY time become a broker? The post How do you know it’s time to become a broker? appeared first on The American Genius Real Estate.

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Brokerage 119

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

Realtor.com

OCTOBER 13, 2020

tbradford/iStock Despite the fake cobwebs and fun, sparkly spiders people love to put up every Halloween, no one seems to like the real thing. Plastic arachnids might bring a smile, but barely glimpsed, eight-legged critters scurrying across your bedsheets evoke entirely different emotions—from annoyance to existential terror. We get it! But while many people are afraid of spiders, the creepy critters are usually a benign presence in your home, and one of the easier pests to get rid of.

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Housing Wire

OCTOBER 16, 2020

Wildfires continue to rip through the west coast, but that doesn’t mean homebuyers won’t purchase in high-risk areas. More than 4.5 million homes are located in areas at high risk of wildfire across the states of Washington, Oregon and California, with a total estimated home value of $3.3 trillion, a new Redfin report said. Since 2012, the median sale price of homes in ZIP codes with a low wildfire risk has increased 101% compared to an 88% increase for homes in high-risk ZIP codes,

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Sotheby's International Real Estate

OCTOBER 16, 2020

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Palm Springs, California | Gerard Bisignano , Vista Sotheby’s International Realty . The low-slung house was immortalized by several important photographers including Slim Aarons, whose popular 1970 photograph “Poolside Gossip” features two fashionable women lounging by the pool in midriff-baring outfits, the house and the silhouette of the desert mountains providing the backdrop.

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Brownstoner

OCTOBER 13, 2020

Editor's note: Brownstoner founder Jonathan Butler is back at it -- blogging, that is, on Instagram with the handle @real_estate_bites. We're pleased to run some of his snapshots of what he sees happening around Brooklyn here as a weekly column. Please note the views expressed are his own. [link]. Related Stories New Curbs,… Read More > The post New Bike Path Shaping Up on Kent Avenue Near Brooklyn Navy Yard in Williamsburg appeared first on Brownstoner.

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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.

Agents

Realtor.com

OCTOBER 16, 2020

DenisTangneyJr/Getty Images While millennials are seeking out starter homes and baby boomers are hoping to downsize, Generation Z is trying to elbow its way into the frenzied housing market marked by record-low mortgage rates and all-time-high home prices. These predominantly first-time buyers are purchasing property mostly in the nation’s more affordable metropolitan areas that boast much more reasonable home prices than the high-priced coasts, according to a recent LendingTree study.

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Housing Wire

OCTOBER 13, 2020

End-to-end lending and services platform Finance of America Capital is the latest mortgage company to get in on the mushrooming IPO craze. The lender and servicer, owned by the Blackstone Group’s Tactical Opportunities business, is slated to go public in the first half of 2021 through a special purpose acquisition company at a $1.9 billion valuation.

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App Folio

OCTOBER 12, 2020

Ever since the onset of the COVID-19 pandemic, many have speculated if the country’s most populated cities will be impacted by resident migration. The value of living in a large metropolitan city with benefits, such reliable public transport, entertainment, and great restaurants has lessened in the last six months. In addition, crowded streets and public spaces have made cities less desirable for many due to safety concerns and social distancing.

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Sotheby's International Real Estate

OCTOBER 15, 2020

Showcasing the height of new luxury construction in some of the world’s most sought after locations, let’s explore an exclusive new development from our worldwide network. Houston, Texas | Hedley Karpas & Karen Gillespie , Martha Turner Sotheby’s International Realty . With golden touches flickering from the past and a forward architectural design, The Paramount makes a bold and worthy statement for those who aspire to leave the complications of living on the ground behind.

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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.

Sales