Housing Wire
NOVEMBER 17, 2021
Today, the U.S. Census Bureau reported that housing starts came in as a miss of estimates at 1.52 million for October and housing permits came in at a beat at 1.65 million. Revisions came in negative, but the real story here is that housing is back to its slow construction phase, which isn’t shocking considering where monthly supply is at and the delays in construction that we are all aware of.
Keeping Current Matters
NOVEMBER 18, 2021
Like most industries, residential real estate has a seasonality to it. For example, toy stores sell more toys in October, November, and December than they do in any other three-month span throughout the year. More cars are sold in the U.S. during the second quarter (April, May, and June) than in any other quarter of the year. Real estate is very similar.
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Eye on Housing
NOVEMBER 17, 2021
The number of single-family built-for-rent (SFBFR) construction starts reached its highest quarterly volume on record during the third quarter of 2021. The SFBFR market is a way to add inventory amid concerns over housing affordability and downpayment requirements in the for-sale market, particularly during a period when a growing number of people want more space and a single-family structure.
Sotheby's International Real Estate
NOVEMBER 18, 2021
Barcelona, Spain | Barcelona & Costa Brava Sotheby’s International Realty. Looking to manifest a little more joy at home? Just add a pop of color. While a neutral palette and soft hues continue to lead the way in contemporary design, maximalist desires are proving to be in demand once again, and that includes the use of bright and bold shades. Whether fully committing to transforming a room with an unexpected tone, or opting to incorporate accents for a little panache, the spaces in these f
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Housing Wire
NOVEMBER 15, 2021
Vishal Garg, founder and CEO, Better.com. Better.com is struggling to deal with the waning influence of refis in the mortgage market, with preliminary results published by their SPAC partner revealing that the digital lender expects a net loss between $85 million and $100 million in the third quarter. And the forecast looks even worse for the fourth quarter, documents show.
Keeping Current Matters
NOVEMBER 15, 2021
As a renter, you’re constantly faced with the same dilemma: keep renting for another year or purchase a home? Your answer depends on your current situation and future plans, but there are a number of benefits to homeownership every renter needs to consider. Here are a few things you should think about before you settle on renting for another year. 1.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Sotheby's International Real Estate
NOVEMBER 13, 2021
Whether in California’s wine country or on the rolling plains outside historic Santa Fe, these welcoming guesthouses allow visiting family and friends to unwind in seclusion and style. Houston Hacienda. Houston, Texas | Ann Singleton, Martha Turner Sotheby’s International Realty . Beneath mature shady trees on 1.29 acres in the coveted Broadacres area of Houston, this Spanish-style hacienda is filled with elegant Old World character, from cypress ceiling beams to vintage terra cotta tile.
Housing Wire
NOVEMBER 18, 2021
Mortgage rates strongly increased above 3% in the week ending November 18, according to the latest Freddie Mac PMMS mortgage report. The 30-year fixed-rate mortgage hit 3.10%, up 12 basis points from 2.98% the week prior. A year ago at this time, the average 30-year fixed-rate loan averaged just 2.72%. Sam Khater, Freddie Mac’s chief economist, said the combination of rising inflation and consumer spending is driving mortgage rates higher.
Keeping Current Matters
NOVEMBER 16, 2021
Are you thinking about selling your house right now, but you’re not sure you’ll have the time to do so as the holidays draw near? If so, consider this: even as the holiday season approaches, there are plenty of buyers out there, and they really want your house. Here’s why selling this winter is a win for you. Today’s buyers are still dealing with a limited number of homes for sale.
Better Dwelling
NOVEMBER 16, 2021
Canadian new housing starts are returning to reality as cheap capital starts to ease. The Canada Mortgage and Housing Corporation (CMHC), the country’s state-owned insurer, reported housing starts fell in October. Housing starts are exactly what they sound like — homes that have started construction. The drop was large enough to be considered a technical […].
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Sotheby's International Real Estate
NOVEMBER 16, 2021
Tucked among the towering grandfather trees of Houston’s Stablewood—a luxurious gated community established in the 1990s—this three-bedroom, 20,122-square-foot residence is a veritable palazzo replete with eye-catching bespoke design elements and details. Contributing to its unique ambience are hand-distressed walnut floors, plaster walls, hand-applied gold leaf accents, Renaissance-inspired painted ceiling beams, chic wall treatments, elaborate ironwork, antique chandeliers, stained and jeweled
Housing Wire
NOVEMBER 16, 2021
Soon after the Department of Housing and Urban Development released its Mutual Mortgage Insurance fund report, housing finance and policy experts opined on whether the Federal Housing Administration (FHA) should lower the fees it charges borrowers. The fund, which insures mortgages backed by the Federal Housing Administration , benefited from the same macroeconomic factors that have boosted the broader mortgage market.
Keeping Current Matters
NOVEMBER 19, 2021
Some Highlights. When it comes to buying a home , there are a number of key milestones along the way. The process includes everything from building your team and understanding your finances to going house hunting , making an offer , and more. When you’re ready to start your journey , partner with a professional so you have trusted guidance at every milestone in the process.
Realty Biz
NOVEMBER 18, 2021
You may think that, when you buy a house, the only important thing is the house itself. While the house will play the biggest role, a good estate agent can help you find the perfect house. If you want to sell your house, a good estate agent can also be the difference between your house selling quickly or staying on the market for months. You can probably see that a good real estate agent is important for anyone wanting to buy, rent, or sell a house, but the problem is that you may not know what
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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.
Eye on Housing
NOVEMBER 18, 2021
The missing middle construction sector includes development of medium-density housing, including townhouses, duplexes and other small multifamily properties. While townhouse construction has trended higher in recent quarters, the multifamily segment of the missing middle (apartments in 2 to 4 unit properties) has shown weakness. For the third quarter of 2021, there were only 2,000 starts of such residences.
Housing Wire
NOVEMBER 16, 2021
North Carolina-based fintech firm nCino has reached a deal to acquire mortgage tech vendor SimpleNexus for $1.2 billion, the company said in a statement late Tuesday afternoon. The sum entails a $240 million cash payment and approximately 13.2 million shares of nCino common stock, nCino said. nCino, a publicly traded financial tech company that specializes in cloud banking, said that its decision to purchase Utah-based SimpleNexus is a natural expansion of the company into the point-of-sale mort
Keeping Current Matters
NOVEMBER 17, 2021
The past year and a half brought about significant life changes for many of us. For some, it meant entering retirement earlier than expected. Recent data shows more people retired this year than anticipated. According to the Schwartz Center for Economic Policy Analysis , 2021 saw a retirement boom : “At least 1.7 million more older workers than expected retired due to the pandemic recession.”.
Realty Biz
NOVEMBER 16, 2021
These days, more than 90% of people looking for a home use the internet. That means that if you want to reach your target buyers, you need to come up with a way to reach them. That’s where SEO comes in. If you’re not already using it as part of your marketing approach, it’s time to seriously consider it. Let’s take a look at how to use SEO for real estate marketing and how it can be used to boost brand awareness. . 1.
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.
Better Dwelling
NOVEMBER 16, 2021
Canadian real estate prices are soaring due to demand, but how much of it is excess? That’s a question BMO tackled in its latest research note, looking at home sale dollar volumes. The bank estimates excess demand driven by the central bank is now the size of 6 points of gross domestic product (GDP). Remember, […]. The post Canada Goes All-In On Real Estate With “Excess” Home Sales Hitting 6% of GDP: BMO appeared first on Better Dwelling.
Housing Wire
NOVEMBER 18, 2021
The advancement in digital mortgage has focused on delivering end-to-end digital solutions to improve the consumer experience. But even with this push to make a borrower’s life easier, systemic inequality still exists. HousingWire recently sat down with Joe Hallett, Fannie Mae’s Vice President – Digital Products Management, to discuss how Fannie Mae is leveraging technology to expand access to homeownership.
Fancy Pants Homes
NOVEMBER 19, 2021
A sprawling mansion — with a touch of magic — located in Golden Oak, the upscale residential community in Walt Disney World, has recently hit the market. Listed for sale by Pittsburgh Steelers Co-Owner Robert Citrone, the $8.5 million property is looking for a new owner to enjoy both its spectacular features and its prime location in the Most Magical Place on Earth.
Coldwell Banker
NOVEMBER 17, 2021
Latest Coldwell Banker survey reveals Americans are prioritizing homeownership. The post Americans are Prioritizing Homeownership Over Other Luxuries appeared first on Coldwell Banker Blue Matter.
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.
Better Dwelling
NOVEMBER 16, 2021
Canadian immigration was slow through the pandemic but it’s now back with a vengeance. Government of Canada (GoC) data shows permanent resident arrival admissions soared in September. It didn’t just recover from the lull either. The number of arrivals in the month was the biggest number in at least a century. Canada Sees A Record […].
Housing Wire
NOVEMBER 16, 2021
Alessandro P. DiNello, president and CEO of president at F lagstar Bancorp. Flagstar Bancorp. has been on a tear in 2021 when it comes to pursuing private-label securitizations, with 13 deals backed by some 22,000 home loans valued at $8 billion now under its belt through mid-November of this year. A pending merger with a New York bank boasting $58 billion in assets, once finalized, promises to further bolster Flagstar’s activity in the private-label space in the year ahead.
Sotheby's International Real Estate
NOVEMBER 17, 2021
Featuring curated videos from the most sought-after destinations the world over, discover this week’s V ideo of the Week. ??. Curacao | Ray Seijs, Curacao Sotheby’s International Realty. Located on the tip of the Bottelier, offering scenic views over the Jan Thiel salt pans, suburb and hills, is this modern villa. The 275-square-meter, three-story property of four bedrooms, three-and-one-half bathrooms is built on a 970-square-meter inclined lot.
Realty Biz
NOVEMBER 18, 2021
A Broker Price Opinion (BPO) is very similar to an appraisal except that a real estate broker (or agent) does it rather than a lender’s appraiser. A BPO is also similar to a comparative market analysis (CMA) that real estate agents use to suggest a listing price to a seller. It boils down to a BPO being another tool that can be used to determine the current fair market value of a property.
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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.
Better Dwelling
NOVEMBER 13, 2021
In the upside-down world, a weak economy is great for Canadian home prices — and people are betting on it. The majority of mortgage debt issued in August has a variable interest rate. This is when a borrower’s interest paid is attached to market rates, as opposed to a fixed rate. Experts, including the central […]. The post Canadian Mortgage Borrowers Are Betting Against Rising Rates, Despite Warnings appeared first on Better Dwelling.
Housing Wire
NOVEMBER 17, 2021
Refinance mortgage loan applications dipped 31% year-to-year on the week ending Nov. 12, according to a survey published by the Mortgage Bankers Association (MBA) on Wednesday. The refi volume decreased 5% compared to the previous week. Meanwhile, applications to purchase a new home declined 6% in one year. However, they were up 2% in comparison to the previous week.
Sotheby's International Real Estate
NOVEMBER 15, 2021
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. Turks and Caicos | Nina Siegenthaler & Joe Zahm, Turks & Caicos Sotheby’s International Realty . The Strand Turks & Caicos is a private residential resort community unlike any other.
Realty Biz
NOVEMBER 14, 2021
The gender pay gap in the U.S. has been well documented, but new research shows that men don’t just earn more money, on average, but they also get higher borrowing limits when it comes to credit. That’s according to new research from the Federal Reserve Bank of Philadelphia, which identified an “unexplained gender difference in bankcard limits” of around $1,323, with men enjoying higher limits than their female counterparts.
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.
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