Housing Wire

JANUARY 12, 2022

Early in 2021, when I was talking about how people should worry about home prices overheating, I had a glimmer of hope that maybe toward the end of 2021 we would be spared another seasonal collapse of inventory. Inventory always falls in the fall and winter, but I hoped it wouldn’t be a repeat of 2020. Unfortunately, that didn’t happen and recent data shows that we are at fresh new all-time lows in housing inventory, with mortgage rates and the unemployment rate both under 4% currently.

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Keeping Current Matters

JANUARY 11, 2022

If you’re following along with the news today, you’re probably hearing a lot about record-breaking home prices, rising consumer costs, supply chain constraints, and more.

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Marketing 311

RIS Media

JANUARY 13, 2022

Foreclosure filings were down 29% from 2020 and down 95% from a peak of nearly 2.9 million in 2010, to the lowest level since tracking began in 2005, according ATTOM’s Year-End 2021 U.S. Foreclosure Market Report, released this week. The filings, which include default notices, scheduled auctions and bank repossessions, were reported on 151,153 U.S. properties in 2021, and represented 0.11% of all U.S. housing units, down from 0.16% in 2020 and down from a peak of 2.23% in 2010. 2021 Year-End His

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Better Dwelling

JANUARY 14, 2022

Canadian real estate is being scooped up by investors with excessively cheap credit. Ownership data for residential real estate across four regions show a significant share owned by investors in 2020. What’s most impressive is how fast this trend must have accelerated. Cities have seen up to 90% of recently completed homes go to investors, […].

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Speaker: Jady West, VP of Hospitality & Chris Bennett, Head of Sales & Engineering

The modern hotel room is no longer just a place to stay—it’s an experience to remember. Today’s guests expect seamless 5G connectivity, personalized comfort, and high-tech convenience. From AI-powered smart room controls to in-room entertainment and app-based services, technology is redefining hospitality from the inside out. In this new session featuring industry pros Jady West and Chris Bennett, we’ll explore how high-speed, high-bandwidth connectivity powers the innovations that are enabling

Technology

Housing Wire

JANUARY 10, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.

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Eye on Housing

JANUARY 14, 2022

The prices of goods used in residential construction ex-energy climbed 1.5% in December (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The index was driven higher by large price increases for wood products. Building materials prices increased 15.9% in 2021 and have risen 18.6% since December 2020.

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Better Dwelling

JANUARY 13, 2022

America’s largest bank is making a bold call for Canada’s central bank — it will raise rates within days. JP Morgan (JPM) economist Silvana Dimino shared their forecast for Canadian interest rates. JPM sees the Bank of Canada (BoC) hiking the overnight rate five times in 2022, sending it 500% higher. Most surprising is how […]. The post The Bank of Canada Will Raise Rates In Two Weeks, End Year 500% Higher: JP Morgan appeared first on Better Dwelling.

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Housing Wire

JANUARY 11, 2022

Mortgage delinquency rates hit pre-pandemic levels in October due to labor market improvements and home equity increases, according to the most recent CoreLogic Loan Performance Report. The expectation is that rates will continue to decline during 2022. In October, 3.8% of mortgages were delinquent by at least 30 days, including foreclosure, close to the 3.7% rate registered in the same period of 2019.

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Keeping Current Matters

JANUARY 14, 2022

Some Highlights. If you’re trying to decide when to list your house, the time is now. There are plenty of buyers eagerly waiting for your home to hit the market. The latest data indicates home showings are rising. There are more buyers than homes for sale right now. That means you’ll likely receive multiple offers, and your home won’t be on the market long.

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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

Sotheby's International Real Estate

JANUARY 11, 2022

Known for its sandy coves, rocky bluffs, and the eponymous semiprecious stones that often wash up on its shore, Moonstone Beach is one of Southern California’s most beloved stretches of coastline. On an emerald perch high above, this consummately private 78-acre estate is an elegant, self-sufficient sanctuary encompassing a 12,000-square-foot residence, an inviting guesthouse, staff quarters, garaging to showcase up to 50 cars, two event halls, a helipad, equestrian facilities, six acres of roll

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Land 145

Better Dwelling

JANUARY 12, 2022

The kings of Bay Street aren’t happy with Canada’s central bank, and they’re no longer holding back criticism. Four of the “Big Six” banks have recently urged the Bank of Canada (BoC) to raise the overnight rate. Another bank hasn’t urged action, yet. However, they’ve warned consumers of the risk of buying a home at […]. The post Four Canadian Banks Urge The BoC To Raise Rates, Another Is Warning Home Buyers appeared first on Better Dwelling.

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Housing Wire

JANUARY 11, 2022

Since its launch in August 2020, FinLedger has kept its pulse on the explosive and expansive sector of financial technology for thousands of readers. And now we’re ready for the next stage of FinLedger’s growth. As part of HW Media’s vision to cover All Things Housing, FinLedger will narrow its focus to proptech coverage, doubling down on a category of fintech that attracted $32 billion in investment in 2021 and yet is oft-overlooked by newsrooms.

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Keeping Current Matters

JANUARY 10, 2022

If you’re on the fence about whether or not you want to sell your house this year, there’s good news.

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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

Sotheby's International Real Estate

JANUARY 8, 2022

With specially chosen lighting, top-tier sound systems, and comfortable oversized seats, these home theaters make private viewing a pleasure. Classical Luxury in Los Angeles. Los Angeles, California | Tracey D. Clarke & John Giddins, Sotheby’s International Realty – Sunset Strip Brokerage. Traditional in style and filled with natural light, this wonderful 5,580-square-foot home is secluded at the end of a long gated drive on 1.14 parklike acres.

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Brokerage 145

Better Dwelling

JANUARY 8, 2022

Canadian real estate might have a lot more foreign owners than previously thought. Diving through Statistics Canada (Stat Can) data, we found non-resident participation in homeownership soared in 2020. Non-resident buyers have a small share in property transfer records, but foreign capital is pouring in. In the four provinces tracked, about 1 in 10 recently […].

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Housing Wire

JANUARY 10, 2022

HousingWire recently spoke with Tom Kriby, Vice President of Client Development and Partnerships at Westwood Insurance, about how insurance issues can hold up a home closing and how lenders can integrate insurance into their process to help their homebuyers avoid delays. HousingWire: What are some unexpected things that can delay a home closing? Tom Kriby: Everyone knows home inspections and appraisals can hold up a closing, but insurance is another possible roadblock for an on-time closing.

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Closing Loans Inspection Technology 506

Keeping Current Matters

JANUARY 12, 2022

If your goal is to purchase a home this year, you might be looking for any advantage you can get in today’s sellers’ market.

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Marketing 290

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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

RIS Media

JANUARY 12, 2022

When it comes to leveraging social media to drum up business in the new year, providing content that educates your audience on real estate is a great way to promote and build trust in your brand. With access to market data and other valuable information, agents can build a winning digital marketing strategy to package and present their educational content on social media.

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Better Dwelling

JANUARY 8, 2022

Canada’s most expensive province is finally giving hard-hit millionaire homeowners some help. The Government of British Columbia (GBC) raised the threshold for its Home Owner Grant. A primary residence worth up to nearly $2 million is eligible for the property tax rebate. Programs like this are usually for low-income households, not millionaire homeowners.

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Housing Wire

JANUARY 13, 2022

The average 30-year fixed rate mortgage increased to 3.45% during the week ending Jan. 13, up from 3.22% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed rate mortgage averaged 2.79%. The 15-year fixed rate mortgage averaged 2.62% last week, up from 2.43% the week prior. A year ago at this time, it averaged 2.23%.

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Keeping Current Matters

JANUARY 8, 2022

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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

Sotheby's International Real Estate

JANUARY 12, 2022

Luxurious contemporary living where the sky meets the sea epitomises this 16th level single level penthouse, the only penthouse in the newly completed Main Beach boutique high-rise, Cerulean. ?. Queensland, Australia | Kim Sharpe, Queensland Sotheby’s International Realty . As the internal lift doors open to reveal magical indoor and outdoor living with vistas to the coastal landscape and seashore, it is clear the north-oriented penthouse is bespoke, well-considered and designed in harmony

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Better Dwelling

JANUARY 10, 2022

Canadian real estate is amongst the most expensive in the world, but it’s not due to materials or labor. RLB, a global consultancy for builders, released its annual North American construction guide for 2022. Major cities in Canada topped the list when it came to building cost growth. It’s not unexpected when Toronto is the […]. The post Canadian Real Estate Construction Costs Are Amongst North America’s Lowest: RLB appeared first on Better Dwelling.

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Construction New Construction 143

Housing Wire

JANUARY 13, 2022

This article is part of our Housing 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.

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Fixed-rate mortgage Closing As-is Loans 475

The Mortgage Report

JANUARY 11, 2022

Home prices are on the rise in 2022. But you may still find affordable houses in these states and cities.

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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

JANUARY 10, 2022

Getty Images Since the COVID-19 pandemic began, the American dream of homeownership has felt more and more out of reach for many first-time buyers experiencing sticker shock over the high—and still rising—prices. Many believe they have better odds at winning Mega Millions than having their umpteenth bid accepted on a move-in ready home in a desirable location.

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Better Dwelling

JANUARY 13, 2022

Canada’s largest cities are seeing the struggle to keep locals heat up, as small cities up their game… or big cities drive locals out. We unpacked the latest Statistics Canada (Stat Can) data for migration in 2021. The largest real estate markets are losing locals, and becoming dependent on immigration. Meanwhile, rural areas are gaining […].

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Housing Wire

JANUARY 11, 2022

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing. The acquisition is intended to enable Seattle-based Redfin to expand its loans products nationally, as it wants to be a one-stop-shop for brokerage and lendin

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