Sat.Nov 06, 2021 - Fri.Nov 12, 2021

Single-family rents soar in tight housing market

Housing Wire

You could buy a top-of-the-line laptop and a new cell phone to match, or you could pay one month’s rent for a single-family home in Los Angeles. It’s not much better for prospective single-family renters across California, a study by HouseCanary found.

Mortgage delinquency rate continues to shrink

Housing Wire

Mortgage delinquency rates hit the lowest level since the beginning of the pandemic in August, according to the most recent CoreLogic Loan Performance Report. However, some borrowers are still facing severe financial challenges.

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What’s Happening with Home Prices?

Keeping Current Matters

Many people have questions about home prices right now. How much have prices risen over the past 12 months? What’s happening with home values right now? What’s projected for next year? Here’s a look at the answers to all three of these questions.

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Building Materials Prices Post Record Year-To-Date Increase through October

Eyes on Housing

The prices of goods used in residential construction ex-energy climbed 0.8% in October (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics.

The Only Business Plan You'll Ever Need in Real Estate

Overthinking your business plan? The old and tired process of building a 12-month business plan simply doesn’t make sense for the modern real estate business. Learn how to build one that will help you keep on track, stay nimble, and close more deals in 2022.

Zillow Offers As A Proxy For 'Big Data' Shows The Lack Of Qualitative Analysis

Miller Samuel

Yes, big data usually infers 'quantitative' analysis, as in "relying on numbers." The Zestimate legacy of profound inaccuracy finally reached a devastating conclusion with the collapse of Zillow Offers this week and the loss of hundreds of millions in shareholder equity.

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VA Loans: Helping Veterans Achieve Their Homeownership Dreams

Keeping Current Matters

The purpose of Veterans Affairs (VA) home loans is to provide a pathway to homeownership for those who have sacrificed so much by serving our nation.

Construction Layoff Rate Dives

Eyes on Housing

The labor market continues to tighten. In the September BLS Job Openings and Labor Turnover Survey (JOLTS) data, the national number of job quits for all sectors (4.4 million) was up 34% year-over-year as worker churn accelerates. Total national job openings stands at 10.4 million.

Is it Possible to Buy a Contingent House?

Realty Biz

Is Buying a Contingent Home Possible? It can take a long time to find your perfect home, but just when you think your search is over, you might discover that it is listed as a contingent house. So can you still offer on a contingent home, or have you missed the chance to buy your perfect property?

Mortgage rates drop below 3% yet again

Housing Wire

Mortgage rates fell below 3% in the week ending November 10, according to the latest Freddie Mac PMMS mortgage report. The 30-year fixed-rate mortgage declined to 2.98% last week, falling 11 basis points from 3.09% the week prior.

What Agents Should Be Doing Every Day to Succeed With Leads

Top agents do this every day to succeed.do you? It’s all about the follow-up. Top agents shared their perfected processes, and we compiled it into a super easy visual to-do list for Real Estate lead follow up that wins. Get the list now!

Two Graphs That Show Why You Shouldn’t Be Upset About 3% Mortgage Rates

Keeping Current Matters

With the average 30-year fixed mortgage rate from Freddie Mac climbing above 3%, rising rates are one of the topics dominating the discussion in the housing market today. And since experts project rates will rise further in the coming months, that conversation isn’t going away any time soon.

Consumer Prices Post the Largest Gain in Three Decades

Eyes on Housing

Compared to a year ago, on a not seasonally adjusted basis, consumer prices increased by 6.2% in October, the largest year-over-year gain since December 1990. Supply-chain constraints and strong consumer demand as the economy reopened have contributed to recent price increases.

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Tips to Help You Be a Better (More Successful) First-Time Buyer in This Market

Lighter Side of Real Estate

If you’ve never purchased a home before, it can be hard to know what the process will be like. But chances are, you have some ideas about what to expect—but in this real estate market, you may need to reevaluate some of those expectations.

Americans’ mortgage debt looks great again

Housing Wire

One of the most unloved American economic success stories has been how spectacular American households with mortgage debt look today. Let’s take a look at the New York Federal Reserve’s Household Debt and Credit Report for the third quarter, released today.

The #1 Reason Why Sales Coaching is Critical to Your 2022 Sales Success

Speaker: Tim Hughes, Co-Founder and CEO of Digital Leadership Associates

Join Tim Hughes, Author of Social Selling – Influencing Buyers and Changemakers and Co-Founder/CEO of Digital Leadership Associates, as he details how investing in sales coaching will teach your team how to navigate social media and therefore create greater sales success.

How Sellers Win When Housing Inventory Is Low

Keeping Current Matters

In today’s housing market, the number of homes for sale is much lower than the strong buyer demand. As a result, homeowners ready to sell have a significant advantage. Here are three ways today’s low inventory will set you up for a win when you sell this season. Higher Prices.

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Housing Affordability Holds Steady but Supply-Side Challenges Persist

Eyes on Housing

Housing affordability held steady at its lowest level in nearly a decade, as higher home prices offset lower mortgage rates to keep the affordability rate flat in the third quarter of 2021.

This Just In: The 'A' in 'Zillow' Stands for 'Accuracy'

Miller Samuel

The news came quickly and brutally (especially if you were a ZG investor): @mortgage_yack #zillow #PINKHolidayRemix #realestate #utahrealestate ? original sound - Jack. I jumped on the bandwagon with this: This just in: The “A” in “Zillow” stands for “Accuracy.”

More borrowers are getting forbearance modifications

Housing Wire

Forbearance predictably declined across the board last week as exits accelerated, but more borrowers are going into plan modifications because they are still struggling to recover their pre-pandemic income. The total number of loans in forbearance decreased by nine basis points to 2.06% as of Oct.

How Sales Enablement is Supporting Social Selling in 2022

Speaker: Brynne Tillman CEO | LinkedIn Whisperer at Social Sales Link

In this 1-hour session, Brynne Tillman from Social Sales Link will teach you why Sales Enablement teams should own Social Selling

Shortage of construction workers hits “crisis level”

Realty Biz

Anyone looking for a career change that doesn’t have the advantage of a college degree could do a whole lot worse than retraining as a construction worker.

Residential Real Estate Credit Standards Ease Slightly in Third Quarter

Eyes on Housing

The latest results of the Federal Reserve’s Board’s Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS), lending standards and demand for residential real estate (RRE) loans both eased slightly in the third quarter of 2021.

11 Things to Do Before Listing Your Home That Are Worth the Effort

HomeLight

A few months from now, or maybe sooner, you plan to sell your house.

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FHA’s manufactured housing loan program gets a facelift

Housing Wire

Manufactured housing is a topic that has gained some steam on Capital Hill as of late, with the White House announcing earlier in the year that it intends to address the lack of affordable housing in the nation by upping the available supply of MH.

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The Secret to Building Successful Digital Sales Programs in 2022 and Beyond

Speaker: Jordi Gili, International Speaker, Managing Director at Execus, Professor Geneva Business School

In this session Prof. Jordi Gili with the Geneva Business School will share key learnings from digital sales programs and will hint at the Key Performance Indicators that Digital Sales programs should aspire to in 2023.

Foreign buyers to return to U.S. real estate en masse

Realty Biz

The U.S. housing market is on the verge of being flooded with foreign buyers, and real estate brokers across the nation are bracing themselves for their return. The U.S.

Don’t fear multiple credit inquiries when mortgage rate shopping

The Mortgage Report

You may not get dinged for multiple credit inquiries when shopping for a mortgage, as long as you follow these guidelines. FICO & Credit Scores Craig Berry FICO score Housing Mortgage mortgage rates Real Estate

What Is a Craftsman Style House?

Redfin

Craftsman-style houses are one of the most popular house styles in the U.S. While original craftsman houses are most heavily concentrated in the Midwest and Southern California, the architectural style can be found all over the country.

Regulators done playing nice with mortgage servicers

Housing Wire

The federal government’s top regulators announced Wednesday that they are collectively resuming mortgage servicing supervisory and enforcement practices in full, ending certain flexibilities it offered mortgage servicers at the onset of the Covid-19 pandemic.

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