Housing Wire
APRIL 2, 2021
Should you or shouldn’t you downsize? If you’re a homeowner , this is a question you’ll inevitably ask yourself. While owning a home is exciting, it comes with a great deal of responsibility. If your home doesn’t fit your lifestyle anymore, you might want to consider purchasing something smaller – or even renting. Besides cutting costs, downsizing has additional benefits.
Keeping Current Matters
MARCH 29, 2021
If you’ve given even a casual thought to selling your house in the near future, this is the time to really think seriously about making a move. Here’s why this season is the ultimate sellers’ market and the optimal time to make sure your house is available for buyers who are looking for homes to purchase. The latest Existing Home Sales Report from The National Association of Realtors (NAR) shows the inventory of houses for sale is still astonishingly low, sitting at just a 2-month supply a
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RIS Media
APRIL 1, 2021
Are you considering renting a U-Haul truck for an upcoming move? Whether you need to move you and your family across the state, or you’ve just got some building materials for an up-and-coming product you need to move, you’re probably going to need to rent a truck. Your first choice may be a U-Haul rental, but do you know all you should know about this rental company before you go ahead and trust them with your money and your goods?
Homes.com
APRIL 2, 2021
Learn about the best U.S suburbs to move to in 2021 based on a variety of factors such as average home price, education scores, and more! The post The Best U.S. Suburbs to Move to in 2021 appeared first on Homes.com.
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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.
Housing Wire
MARCH 29, 2021
The U.S. forbearance rate is officially below 5% for the first time in a year. Servicers’ forbearance portfolio volume fell nine basis points last week to 4.96%, according to a survey from the Mortgage Bankers Association. Since October, the percentage of portfolio loans in forbearance hovered between 5% and 6%, the longest a percentage range had held since the survey’s beginning as continuous extensions gave homeowners more time to postpone payments.
Keeping Current Matters
MARCH 30, 2021
Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Economist at Freddie Mac , shares : “ Since January, mortgage rates have increased half a percentage point from historic lows and home prices have risen, leaving potential homebuyers with less purchasing power.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Realtor.com
APRIL 1, 2021
Getty Images The meteoric rise in home prices isn’t slowing down. The national median home list price hit $370,000 in March—a new record high, according to a recent realtor.com® report. The increase in prices, a 15.6% increase over last year, is a direct result of the severe shortage of properties on the market just as first-time and trade-up buyers seeking larger homes have flooded the market.
Housing Wire
APRIL 2, 2021
After three months of mediocre gains , the U.S. unemployment situation brightened considerably in March. Total nonfarm payroll employment rose by 916,000 and pushed the unemployment rate down to 6%, according to the U.S. Labor Department. Sectors that were hit hardest by the pandemic led job growth last month, with jumps in leisure, hospitality, public and private education and construction – good signs for the housing industry.
Keeping Current Matters
APRIL 2, 2021
Some Highlights. With so many buyers looking for homes to purchase and so few houses available today, there’s a substantial increase in bidding wars, and homes are selling fast. According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR), on average, houses are receiving over four offers from buyers and they’re selling in less than three weeks.
Better Dwelling
MARCH 31, 2021
Canadian real estate prices are one of the biggest threats to the country, said a global agency. The IMF recently completed its regularly scheduled staff report on Canada. Staff found real estate prices present one of the biggest threats to the country. The agency shared the detailed numbers produced by their valuation models with us. […]. The post Canadian Real Estate Overvalued, Toronto Needs A 28% Correction For Fair Value: IMF appeared first on Better Dwelling.
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Brownstoner
MARCH 31, 2021
A luxury condo in Cobble Hill has radiated a shrill whistling sound for months, disrupting life in the quiet brownstone nabe with its piercing noise, according to locals. “It’s like fingernails on a blackboard,” said Dorothy Siegel, who lives a block away from the hissing tower. “It hurts your teeth,… Read More > The post Cobble Hill Residents Rattled by ‘Shrieking’ Sounds Emanating From Luxury Tower at LICH Site appeared first on Brownstoner.
Housing Wire
MARCH 31, 2021
After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February. Tightened supply was largely responsible for a 10.6% drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. The NAR’s pending home sale index managed to fall below 100 in the Northeast (92.3) and West (96.9) in February, while the South and Midwest also experienced declines but managed to st
Keeping Current Matters
MARCH 31, 2021
Since the birth of our nation, homeownership has always been considered a major piece of the American Dream. As Frederick Peters reports in Forbes : “The idea of a place of one’s own drives the American story. We became a nation out of a desire to slip the bonds of Europe, which was still in many respects a collection of feudal societies. Old rich families, or the church, owned all the land and, with few exceptions, everyone else was a tenant.
Better Dwelling
MARCH 27, 2021
Canadians are panic hoarding again… but this time it’s real estate and debt, says a Big Six bank. The country’s finance minister recently said they were “watching” housing, and its impact on first-time buyers. This has BMO senior economist Robert Kavcic wondering if they understand the issue. Overheated markets are an issue that extend far […].
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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
APRIL 1, 2021
According to the latest What Home Buyers Really Want*, 60% of home buyers would prefer a newly-built home over an existing home. In other words, all else equal, their first preference would be to purchase a new home. Looking at historical data shows a clear shift in preferences towards new construction in 2020. The share of buyers who would have.
Housing Wire
APRIL 1, 2021
The Consumer Financial Protection Bureau (CFPB) is warning servicers that it is ramping up enforcement and will be specifically watching how servicers manage borrowers coming out of forbearance. In a Thursday compliance bulletin, the CFPB said it will monitor how servicers work to prevent a wave of foreclosures from occurring this fall. “Unprepared is unacceptable,” the Bureau said.
Keeping Current Matters
APRIL 1, 2021
Today, some are afraid the real estate market is starting to look a lot like it did in 2006, just prior to the housing crash. One of the factors they’re pointing to is the availability of mortgage money. Recent articles about the availability of low down payment loans and down payment assistance programs are causing fear that we’re returning to the bad habits seen 15 years ago.
Better Dwelling
MARCH 30, 2021
Greater Toronto new home sales cooled abruptly, as pent-up demand collapsed. BILD GTA and Altus Group data shows a sharp decline in new home sales for February. The drop hit the City the most, especially in the condo apartment segment. While the drop was sharp, total sales for the month were more in line with […]. The post Greater Toronto New Home Sales Fall 34% As Pent-Up Demand Releases appeared first on Better Dwelling.
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.
Realtor.com
APRIL 1, 2021
Getty Images Ah, the telltale signs of spring: trees in bloom, slightly warmer weather, allergies flaring—and a long list of chores to tackle around the house. Before you pause to savor the sunnier days, it’s important to make sure your home is ready for the season. Here’s what experts say you need to include on your spring home maintenance checklist. 1.
Housing Wire
MARCH 30, 2021
The Housing Policy Council sent a letter to the Consumer Financial Protection Bureau on Tuesday expressing its opposition to delaying the implementation of the Final QM Rule and expiration of the 2013 QM Rule, set to take effect on July 1, 2021. On March 4, the CFPB released a notice of proposed rulemaking to delay the compliance date for the QM Rule until Oct. 1, 2022 and opened up a comment period.
Realty Biz
MARCH 29, 2021
In 2020, ATTOM Data Solutions identified that flipping houses consisted of over 7% of home sales in the United States housing market. House flipping indicates that buyers strongly believe they can earn without prior information in the real estate sector. Though the media has been at the forefront to spread real estate information, the bottom line is you need the right personality and resources to make money without engaging in long-term rental property.
Better Dwelling
APRIL 2, 2021
Canada’s banking regulator is seeing a spike in highly indebted mortgage borrowers. The Office of the Superintendent of Financial Institutions (OSFI) observed renewed growth in the exposure of mortgages to “over-leveraged” households in Q4 2020. Low interest rates are fueling rapid growth in borrowing — for both quantity and size. The share of mortgages going […].
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.
Realtor.com
APRIL 2, 2021
Getty Images Have a junk drawer that’s starting to overflow into other places? We know the feeling. Fortunately, your home life doesn’t need to be controlled by junk anymore. This installment of “ Decluttering for Dummies ” is all about getting your junk drawer in check, and transforming it from a burial ground for crap into a storage space that’s actually functional.
Housing Wire
MARCH 30, 2021
It’s no secret credit scores can hinder a potential borrower’s ability to qualify for the best loan program, which can ultimately lead to poor borrower satisfaction. At HousingWire’s 2021 Annual Spring Summit, CreditXpert VP of Sales and Client Success Matt Hydrew and T odd Worthington , director of qualification support at Bank of England, discussed top-of-the-funnel strategies lenders can use to help borrowers gain a better understanding of their credit score.
Sotheby's International Real Estate
MARCH 27, 2021
Equipped with lighting, entertainment, and climate control systems manageable from anywhere in the world, these compelling homes set high—and high-tech—standards for luxurious 21st-century living. Modern Luxury in the Heart of the Hamptons. Southampton, New York | Sharon Stern, Sotheby’s International Realty – Bridgehampton Brokerage. This home’s charming façade belies its impressively modern interiors, which are flooded with light from abundant oversized windows and glass doors.
Better Dwelling
MARCH 30, 2021
We’ve all heard the Canadian real estate stories, especially in Greater Toronto. An agent lists a property below market value, and dozens of offers pour in. It eventually sells much higher than the asking price, and sometimes even higher than the comps. Just one issue. How much did everyone below the winning offer bid? Did […]. The post Canadian Home Buyers Are Bidding Way Above Ask For No Real Reason appeared first on Better Dwelling.
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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.
Realtor.com
MARCH 31, 2021
Getty Images We’ve come a long way since last spring, when COVID-19 forced open houses to shut down and home tours to be canceled in favor of video viewings. Still, the pandemic does rage on. And some of us are still uncomfortable touring homes right now. Or maybe we just want to get a first peek over video before stepping foot in a stranger’s house.
Housing Wire
MARCH 31, 2021
Mortgage applications decreased for the fourth straight week – this time down 2.2%, according to the latest report from the Mortgage Bankers Association. The 30-year fixed rate also dropped, reported at 3.33% after seven weeks of increases – but it’s still almost half a percentage point higher than the beginning of 2021. Purchase activity is up 6% year-over-year, with the unadjusted purchase index 39% higher than the same week one year ago.
Realty Biz
MARCH 30, 2021
The ancient notion of “Buyer beware,” or caveat emptor, is particularly important when it comes to real estate. While the property market has become probably one the most documented markets available, buying homes still offer fertile fields for scammers and those looking to run off with people’s hard-earned money. So, for anyone looking to dive into the real estate market, a couple of key factors are critical for protecting one’s money as well as obligations in a home loa
Better Dwelling
MARCH 30, 2021
The Canadian government will not be taxing home equity — at least not under the current administration. Minister Ahmed Hussen, who oversees the country’s housing portfolio, said they will not entertain a tax on home equity, today. This comes after increasing calls from academics, and even banks, to consider doing so. It also comes just […].
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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