Housing Wire

JUNE 21, 2022

The housing nightmare continues. The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 million , down 3.4% from the previous month and 8.6% from last year. But, the savagely unhealthy data line was that home prices are up 14.8%. Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, has

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Eye on Housing

JUNE 21, 2022

As rising mortgage rates and higher home prices continued to price out homebuyers, existing home sales declined for four consecutive months, according to the National Association of Realtors (NAR). However, the trend in home price appreciation continued as supply remained tight. The median existing home prices in May surpassed $400,000, the highest level on record since 1999.

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The Close

JUNE 21, 2022

Real estate farming is a lead generation and marketing strategy used by real estate professionals to generate consistent business from a specific geographic area. Agents farm a specific neighborhood by providing consistent value and attention and cultivating relationships—thereby generating leads that evolve into long-term clients and reliable business.

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Keeping Current Matters

JUNE 22, 2022

Once you’ve applied for a mortgage to buy a home, there are some key things to keep in mind.

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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

JUNE 21, 2022

As someone who spent a career in the title insurance industry – both as a builder of a title business and leader of the industry’s trade group, — I am proud of the role we play in helping to protect what most Americans consider the biggest purchase of their lives. Title insurance is imperative for lenders to ensure the borrower has ownership rights to a property, but it doesn’t just protect against problems affecting title.

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Real Trends

JUNE 21, 2022

As markets across the country have cooled thanks to rising mortgage rates and higher home prices, existing home sales fell in May for the fourth consecutive month. The seasonally adjusted sales rate for existing homes fell 3.4% to 5.41 million from April , according to a report from the National Association of Realtors released Tuesday. The sales pace is down 8.6% compared to a year ago. “Home sales have essentially returned to the levels seen in 2019 — prior to the pandemic — after two ye

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Keeping Current Matters

JUNE 21, 2022

If you own a home, your net worth likely just got a big boost thanks to rising home equity.

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Housing Wire

JUNE 22, 2022

JPMorgan Chase , the nation’s largest bank, has started a workforce reduction of its mortgage lending business this week after having been struck by a tightening monetary policy that drove mortgage rates to over 6%. “Our staffing decision this week was a result of cyclical changes in the mortgage market ,” a spokeswoman for JPMorgan wrote in a statement on Wednesday.

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Sotheby's International Real Estate

JUNE 21, 2022

A scenic coastal stretch of rocky coves, forest groves, and enchanting beaches, Pebble Beach is known the world over for luxurious resorts, celebrated golf courses, and the scenic historic 17-Mile Drive that meanders between Monterey and Carmel. Just steps from the area’s renowned Lodge at Pebble Beach—with its superior golfing, restaurants, and boutiques—this handsome five-bedroom home is a welcoming oasis with views of the iconic sights, including Stillwater Cove and Carmel Bay, that make the

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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

Eye on Housing

JUNE 24, 2022

After posting four consecutive monthly declines on rising mortgage rates and worsening affordability conditions, new home sales posted a solid gain in May as some buyers rushed into the market in advance of the Federal Reserve’s June interest rate hike. Sales of newly built, single-family homes in May increased 10.7% to a 696,000 seasonally adjusted annual rate from an upwardly.

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Keeping Current Matters

JUNE 20, 2022

Today we take time to honor and recognize the past and present experiences of Black Americans.

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Marketing 296

Housing Wire

JUNE 24, 2022

New home sales beat the headline estimates and had positive revisions. How on earth did that happen? Not only that, the monthly supply data was revised lower from nine months to 8.3 months for the previous report. Let me tell you, we had a lot of shocked faces in economic land this morning. First, we must never forget that the new home sales reports can be very wild month to month and that positive or negative revisions are widespread.

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Sotheby's International Real Estate

JUNE 24, 2022

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Maui, Hawaii | Dan Omer, Island Sotheby’s International Realty. In Hawaii, a roughly 3,600-acre ranch next to Oprah Winfrey’s property is coming on the market for $75 million. A Massive Maui Ranch Next Door to Oprah’s Property Asks $75 Million – Wall Street Journal.

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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

GeekEstate

JUNE 21, 2022

In this week’s founder interview, we interviewed Hayden James from Fraction. Without further ado…. Who are you and what do you do? My name is Hayden James, and I am the CEO and Co-Founder of Fraction. I am a husband and father and above all, a serial entrepreneur looking to make the homeownership experience fairer. What problem does your product/service solve?

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Keeping Current Matters

JUNE 24, 2022

Some Highlights. When it comes to pricing your house, there’s a lot to consider. The only way to ensure you price it right is by partnering with a local real estate professional. To find the best price, your agent balances current market demand, the values of homes in your neighborhood, where prices are headed, and your home’s condition. Don’t pick just any price for your house.

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Agents Marketing 289

Housing Wire

JUNE 21, 2022

Despite mortgage rates reaching the highest level in 14 years, mortgage applications increased 4.2% from the prior week, according to the latest Mortgage Bankers Association (MBA) survey for the week ending June 17. “Mortgage rates continued to surge last week, with the 30-year fixed mortgage rate jumping 33 basis points to 5.98% – the highest since November 2008 and the largest single-week increase since 2009,” Joel Kan, associate vice president of economic and industry forecasting for the trad

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Lighter Side of Real Estate

JUNE 21, 2022

If you’re either in the process of buying a house, or thinking of jumping into the market, you’re probably well aware that rates have jumped significantly in recent weeks. And that likely doesn’t feel or sound like anything good to you. But what you might not be well aware of is that, according to Chair of the Federal Reserve, Jerome Powell, raising interest rates is actually being done (at least in part) for the good of home buyers.

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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

The Mortgage Report

JUNE 20, 2022

Has the U.S. housing market peaked? There are signs a cool-off could be coming. Here's what home buyers should know.

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Marketing 124

Keeping Current Matters

JUNE 23, 2022

If you’re following along with the news today, you’ve heard about rising inflation.

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Housing Wire

JUNE 24, 2022

This week’s HW+ member spotlight features Ben Bernstein, director at Axonic Capital , an investment firm with a deep focus on the structured credit sector of the financial markets. Prior to that, Bernstein held leadership roles in Odeon Capital Group and JPMorgan Chase. Below, Bernstein answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why?

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GeekEstate

JUNE 20, 2022

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Latchel.]. One upside to renting is the ability to call someone else when something goes haywire with the property. While a great perk for tenants, the hassle of managing a property is a big reason landlords are likely to sell an investment property.

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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

The Mortgage Report

JUNE 22, 2022

Learn how rising mortgage rates impact home buyers and what you can do to improve your home buying odds in today's market.

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Mortgages Marketing 122

HomeLight

JUNE 21, 2022

After going through the stressful process of staging and showing your house, you’ve accepted an offer that exceeds your expectations. You can’t wait to close the deal so you can move out and begin the next chapter of your life. But you’ll still have to get over the home inspection hurdle that could reveal issues requiring repairs or cause buyers to renegotiate a lower sales price or even walk away from the deal.

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Housing Wire

JUNE 22, 2022

United Wholesale Mortgage (UWM), the nation’s largest wholesale lender, wants to beat rival lenders by offering competitive pricing to brokers, a move designed to navigate a shrinking mortgage market with compressed margins. UWM dropped rates by 50 to 100 basis points across all loan types, the company said in a release. The new program follows UWM’s two-month price-match trial that ends June 30.

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Loans Loan Officer Banks Mortgages 441

Realty Biz

JUNE 24, 2022

According to the National Association of Realtors , highlights indicate that existing and pending home sales have seen a steep decline. The housing market showcases a housing shortage, with rising mortgage rates at 5.8% and inflation rates at 8.6%. This makes it incredibly difficult for potential buyers despite solid demand. . Real estate agents’ response to declining homeownership opportunities can be made through a powerful and proactive digital presence.

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Brokerage

Toronto Realty Blog

JUNE 20, 2022

TorontoRealtyBlog. Do you subscribe to the Wall Street Journal ? Wait, sorry, that sounded like such a douchey thing to say. It reminds me of the line in American Psycho: “Do you tan? I have a tanning bed at home, you should get one.” But seriously, for those that do subscribe, the weekend edition was rather telling. No matter what you know, or don’t know, about inflation, you could take a look at the graph on the front cover of the WSJ that showed a spike on the left side a

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Brownstoner

JUNE 22, 2022

A long-awaited second entrance for the deep and cavernous York Street subway station on the F line in Dumbo would cost nearly half a billion dollars to build, according to the MTA. The eye-watering price tag to construct a full new entry and exit to the station would be between $420… Read More > The post MTA Says Price Tag for Second York Street Station Exit Could Hit Almost Half a Billion appeared first on Brownstoner.

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Construction 119

Housing Wire

JUNE 24, 2022

Mortgage lender First Guaranty Mortgage Corporation cut about 80% of its workforce on Friday and has stopped accepting new mortgage applications, HousingWire has learned. Former employees said the lender has “essentially shuttered.” According to two former FGMC employees, the company on Friday laid off around 500 employees without severance payment, meaning only 100 staffers remain. .

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