Sat.Jul 23, 2022 - Fri.Jul 29, 2022

New home sales make it clear: Housing is in a recession

Housing Wire

Tuesday’s report on new home sales came in as a miss of estimates and prior revisions were all negative. This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession.

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What Are the Top Housing Markets to Live In 2022

Realty Biz

Research shows that the U.S. housing markets are cooling, with more than 25% of sellers slashing their prices this year. Rising interest rates are the main driver behind this downturn.

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A Real Estate Professional Helps You Separate Fact from Fiction

Keeping Current Matters

If you’re following the news, chances are you’ve seen or heard some headlines about the housing market that don’t give the full picture. Buying Myths For Buyers For Sellers Housing Market Updates Pricing Selling Myths Content Hub

Housing Demand Flattens as 1st-Time Buyers Retreat

Eyes on Housing

The share of adults planning a home purchase within a year stood at 13% in the second quarter of 2022, unchanged from the previous quarter, but lower than a year earlier (17%).

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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In this webinar, Keller Williams Team Leader Trey Willard will teach you how to create a winning tech stack, and how to leverage apps for real estate success.

U.S. House passes remote online notarization bill

Housing Wire

The U.S. House of Representatives passed a bill late Wednesday creating federal minimum standards, which would allow notaries nationwide to perform remote online notarizations. The legislation passed the House with a vote of 336-90.

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More Trending

Want To Buy a Home? Now May Be the Time.

Keeping Current Matters

There are more homes for sale today than at any time last year. First Time Home Buyers For Buyers Move-Up Buyers Content Hub

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Some Buyers Turning to New Construction

Eyes on Housing

After falling steadily for five quarters, the popularity of new homes rebounded in the second quarter of 2022, as 21% of prospective buyers reported looking for a newly-built home – up from 19% a quarter earlier.

Housing inventory nationwide rises for the first time in years

Housing Wire

Fast-rising home prices and interest rates coupled with a slipping economy helped to cool the nation’s housing market in June leading to a nearly 2% increase in the number of homes on the market.

Should I Sell My Current House Before I Buy a New One?

HomeLight

Timing is critical in all things, but it can be especially challenging when it comes to real estate. Deciding whether to sell your home before buying a new one is a difficult decision. It could land you in temporary housing if you haven’t found a house to buy.

Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

In this webinar, Mary Maloney will demonstrate a methodology that will help you create a pipeline with continuous prospects.

A Window of Opportunity for Homebuyers

Keeping Current Matters

Mortgage rates are much higher today than they were at the beginning of the year, and that’s had a clear impact on the housing market. First Time Home Buyers For Buyers Housing Market Updates Move-Up Buyers Content Hub

New Home Sales Plunge in June

Eyes on Housing

New single-family home sales declined in June due to rising mortgage rates and worsening affordability conditions. Per Freddie Mac, the 30-year fixed rate mortgage was 5.10% at the end of May and climbed to 5.70% by the end of June. The U.S. Department of Housing and Urban Development and the U.S.

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The nation’s housing market is on a correction course

Housing Wire

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July.

What is a Buyer’s Market in Real Estate

Maximum Exposure Real Estate

The Definition of a Buyer’s Market In real estate sales, there are essentially three types of markets. There is a buyer’s market, a seller’s market, and a balanced market. The differences between buyers’ and sellers’ markets are like night and day.

The Complete Realtor: Tools to Successfully Manage Your Personal Life, Career, and Health

Speaker: Marki Lemons Ryhal, REALTOR, Keynote Speaker, 4X International Best Selling Author, and Podcaster at ReMarkiTable, LLC

In this webinar, Marki Lemons Ryhal will teach you how you can pivot and succeed as a real estate agent in the face of adversity!

What’s Causing Ongoing Home Price Appreciation?

Keeping Current Matters

If you’re thinking about making a move, you probably want to know what’s going to happen to home prices for the rest of the year. For Buyers For Sellers Housing Market Updates Pricing Content Hub

Share of New Home Sales Backed by FHA Loans Reaches 14-Year Low

Eyes on Housing

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that the four-quarter moving average (MA) share of new home sales financed through FHA was 11.0% in Q2 2022–its smallest share since early 2008. Conventional loans financed 74.8%

The Fed admits the economy is slowing

Housing Wire

The Federal Reserve hiked rates 0.75% on Wednesday, which was mostly expected by market participants before the announcement. The question is, will the Fed keep aggressively hiking rates if the economic data worsens? I say this because I’ve raised all but one of my six recession red flags.

Dr. Lautz identifies four opportunities for Realtors in 2022

The American Genius for Real Estate

As trends shift, most people fail to see the new opportunities in each one - Dr. Lautz identifies ways Realtors can win business today. The post Dr. Lautz identifies four opportunities for Realtors in 2022 appeared first on The American Genius Real Estate.

Database Restoration: How to Revive Dead Leads and Generate New Ones

Speaker: Rivers Pearce, CEO of W8LESS

In this session Rivers Pierce, CEO of W8LESS, will teach you how winning agents restore and revive their database to continue to gain market share!

Does a Patio Increase Home Value? How to Sell Buyers On Your Outdoor Oasis

HomeLight

Outdoor spaces, such as patios, have become increasingly attractive to buyers, thanks in part to the rise of more flexible and remote work. In fact, in a Fall 2021 HomeLight survey , agents reported that outdoor space was the third-most-prioritized feature for homebuyers.

The Second Quarter of Negative Growth: A Recession?

Eyes on Housing

The U.S. economy definitively slowed in the first half of 2022 as the Federal Reserve tightened financial conditions. Real GDP fell for the second straight quarter, while the Fed raised interest rates by 75 basis points for the second consecutive month to reduce inflation pressure.

Fed hikes rate by 75 bps, back to 2018 level

Housing Wire

The Federal Reserve (Fed) on Wednesday raised the federal funds rate by another 75 basis points, to 2.25%-2.50%, delivering what was expected by most investors and economists in recent weeks.

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Dallas Cowboys fullback and Engel & Völkers agent on his real estate game plan

Real Trends

Nick Ralston, Engel & Völkers Frisco, Texas. Dallas Cowboys fullback Nick Ralston finishes his workout in the Cowboys’ weight room, showers and dresses in the locker room. He walks three minutes to The Formation, a professional workspace in The Star, the Cowboys’ world headquarters.

The Real Estate Pulse: Analyzing the 2022 Housing Market

Speaker: Grier Allen, CEO and Co-Founder of BoomTown

In this session, Grier Allen, CEO and Co-Founder of BoomTown, will breakdown the top housing trends for 2022, and help you navigate the constant changes in the market so that you can achieve success!

25 Nightmare Scenarios That Can Disrupt Closing (And How to Avoid Them)

HomeLight

Closing on a house is a thrilling time for buyers : Once you’ve found the one and have an accepted offer, you’re ready to grab the keys and make it your own. But closing time can also be plenty to rack your nerves.

Employment Situation in June: State-Level Analysis

Eyes on Housing

Nonfarm payroll employment increased in 38 states in June compared to the previous month while 11 states and the District of Columbia lost jobs. Rhode Island reported no change.

DOJ, CFPB announce $24M redlining settlement with Trident Mortgage

Housing Wire

The Department of Justice and the Consumer Financial Protection Bureau are taking the fight to non-bank mortgage lenders for redlining. The two agencies revealed their new strategy to rein in mortgage discrimination on Wednesday, with a $24.4

How agents transition successfully from residential to commercial real estate

The American Genius for Real Estate

NAR's Spire membership program was birthed out of efforts to diversify the real estate field and a commitment to mentorship. The post How agents transition successfully from residential to commercial real estate appeared first on The American Genius Real Estate.

Become THE Social-Savvy Agent With This Free eBook

Close more deals from social media leads in 2022! This three-chapter eBook covers the fundamentals of building a digital strategy. You’ll hear from top industry experts and get exclusive insights into how you can become the social-savvy agent. Get your copy today!