Housing Wire
NOVEMBER 11, 2021
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. In Ventura or Carlsbad, median single-family rents are $4,250, and in Santa Clara and Berkeley, median single-family rents reached $4,225 and $4,200, respectively.
Housing Wire
NOVEMBER 9, 2021
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. In August, 4% of mortgages were delinquent by at least 30 days, including foreclosure, a drop from the 6.6% rate in August of 2020.
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Keeping Current Matters
NOVEMBER 10, 2021
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. How much have home values appreciated over the last 12 months? According to the latest Home Price Index from CoreLogic , home values have increased by 18.1% compared to this time last year.
Lighter Side of Real Estate
NOVEMBER 11, 2021
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. A recent article from realtor.com outlined common ideas first-time buyers have about the homebuying process that, in this market, are unrealistic at best (and delusional at worst), including: You can find a mortgage after you find your house.
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Better Dwelling
NOVEMBER 10, 2021
It’s widely known that Canadian real estate affordability is getting worse, but it’s hard to picture. The latest affordability report from National Bank of Canada (NBC) can help with that. They crunched the numbers on how long it takes to save for the minimum down payment on a non-condo home. As of Q3 2021, it […]. The post It Now Takes Up To 36 Years To Save A Down Payment For Canadian Real Estate: NBC appeared first on Better Dwelling.
Housing Wire
NOVEMBER 9, 2021
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 most important factor is that debt structures are vanilla. Post-2010, lending standards in America became normal again, and while I still believe they’re very liberal, they’re sane.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Realty Biz
NOVEMBER 10, 2021
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? If you want to know what contingent means in real estate , we have the answers.
Sotheby's International Real Estate
NOVEMBER 6, 2021
From Manhattan to Pebble Beach, these distinctive foyers welcome visitors and introduce them to their homes’ unique character and style. Chic Cooperative. New York, New York | Louise C. Beit, Sotheby’s International Realty – East Side Manhattan Brokerage. Once the home of Hollywood luminary Joan Fontaine, this elegant four-bedroom residence enjoys an enviable location in a coveted 1928 cooperative.
Housing Wire
NOVEMBER 8, 2021
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. 31, according to the latest report from the Mortgage Bankers Association (MBA).
Keeping Current Matters
NOVEMBER 8, 2021
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. But as a homebuyer, what do rates above 3% really mean? Today’s Average Mortgage Rate Still Presents Buyers with a Great Opportunity.
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Better Dwelling
NOVEMBER 11, 2021
Canadian investment in home construction is slipping and due entirely to housing. Statistics Canada (Stat Can) data shows building construction investment fell in September. This data is mostly based on building permits, providing insight into construction sentiment. Home building isn’t doing so hot — falling enough to be considered a technical crash.
Sotheby's International Real Estate
NOVEMBER 9, 2021
Inspired by the likes of the legendary Richard Neutra, modernist architect Raúl F. Garduño employed a distinctive style characterized by a unique use of shapes, warm materials—including wood beams and rugged brick—and walls of glass. Garduño designed this low-slung 1971 home, blending hints of an Asian aesthetic with iconic midcentury modern elements.
Housing Wire
NOVEMBER 10, 2021
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. A year ago at this time, the average 30-year fixed-rate loan averaged 2.84%. “Despite the re-acceleration of economic growth, the recent bond rally drove mortgage rates down for the second consecutive week,” Sam Khater, Freddie Mac’s chief economist, said in a statemen
Keeping Current Matters
NOVEMBER 9, 2021
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. 1. Higher Prices. With so many more buyers in the market than homes available for sale, homebuyers are frequently getting into bidding wars for the houses they want to purchase.
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Realty Biz
NOVEMBER 10, 2021
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. has lifted travel restrictions on 33 countries that were put in place due to the COVID-19 pandemic, meaning vaccinated visitors from those territories can now visit freely. Analysts say that many of those people are likely to want to invest in U.S. real estate, and that their return could generate tens of billions of dollars in
Eye on Housing
NOVEMBER 9, 2021
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 increase comes on the heels of two consecutive monthly declines largely driven by steep declines in lumber and plywood prices. The price index of services inputs to residential construction.
Housing Wire
NOVEMBER 11, 2021
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. In September, Biden’s administration also called on state and local governments to “reduce zoning and financing barriers to these kinds of housing – housing that allows families to achieve homeownership and build wealth.”.
Keeping Current Matters
NOVEMBER 12, 2021
Some Highlights. If you’re deciding whether you should make updates before you sell your house, lean on your agent to be your guide. If the market is flooded with houses for sale, updates may be necessary for your house to stand out. In our current sellers’ market , the added expenses might not be worth it. Partner with a local real estate professional for expert advice on which updates are important in today’s market.
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.
Realty Biz
NOVEMBER 12, 2021
Are you trying to decide if now is a good time to put in the effort and money to buy a home? There are many questions that you should answer before making that decision. The financial question is only one of several that you want to start with. What about your personal life? Do you have kids that should be in a better school district and need a backyard to romp around in?
Brownstoner
NOVEMBER 12, 2021
If visitors strolling through the Children's Corner of Prospect Park detect the lingering scent of cedar wafting through the air and follow their nose, the pungent source can be traced not to trees, but bright new shingles adorning the roof of Lefferts Historic House. There were still a few pallets of… Read More > The post Up on the Roof of the Historic Lefferts House in Prospect Park as It Gets a New Old Look appeared first on Brownstoner.
Housing Wire
NOVEMBER 10, 2021
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. The announcement comes as servicers negotiate with over one million borrowers exiting forbearance plans.
Better Dwelling
NOVEMBER 9, 2021
BC’s Inquiry Into Money Laundering might be wrapping up, but there’s still a lot of data to trawl through. One data set is from the Canada Border Services Agency (CBSA) and cash seized from travelers. Between April 2015 and March 2020, the agency seized well over $100 million in undeclared large cash holdings from travelers. […]. The post Canadian Border Agents Seized $166 Million In Undeclared Cash From Travelers appeared first on Better Dwelling.
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.
Realty Biz
NOVEMBER 8, 2021
The real estate market in the United States is creating untold opportunities at the moment, with current sales in 2021 easily over $150 billion. This incredible boom means that real estate agents are keeping quite busy at the moment, and that goes true whether agents specialize in first-time home buyers, companies shopping for commercial sites to expand their business, or investors looking to grow their portfolios.
HomeLight
NOVEMBER 10, 2021
A few months from now, or maybe sooner, you plan to sell your house. And you can think of a million things to do before listing your home that would maybe lead to a better offer: Swap out the damaged laminate for tile, repaint certain rooms to match the rest of the house, fix the landscaping — the more you think about it, the more the mental to-dos mount.
Housing Wire
NOVEMBER 10, 2021
Mortgage applications revved up for the week ending Nov. 5, rising 5.5%, according to the Mortgage Bankers Association weekly survey published on Wednesday. The increase was mainly driven by the refi index growing by 7% from the previous week, though it was 28% lower than the same week one year ago, the report said. Concurrently, the purchase index grew by 3% from the week prior.
Better Dwelling
NOVEMBER 10, 2021
Australian lawmakers are learning how home prices have been inflated by money laundering. The Senate committee investigating the adequacy of anti-money laundering laws continues this week. A piece tabled is a study showing how high-profile individuals with questionable cash should have set off alarms. Instead, they were able to move millions of dollars of unknown […].
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Realty Biz
NOVEMBER 11, 2021
When you become interested in buying a piece of land in Oklahoma, for whatever specific reason, you will first have to start searching for the perfect land and the perfect area where you want to get it. Now, once you realize that you’ll need to do a lot of searching, you will also understand that this purchasing process isn’t something you can complete in a few minutes and that you should certainly take your time to find the best options for you before agreeing on anything.
Easy Agent Pro
NOVEMBER 12, 2021
I once read a post in EAP’s Beat Zillow Facebook group where an agent was complaining that so many of the blog posts pushed out to EAP clients are on non-real estate subjects. Actually, the posts are evenly split between homeowner topics and buying and selling topics. . That said, the agent said he’d prefer that his clients learn about down payment assistance and other such topics.
Housing Wire
NOVEMBER 8, 2021
After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. First, he has his clients lender call the listing agent. “This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained.
Better Dwelling
NOVEMBER 8, 2021
The Canadian real estate market is forecast to be busy next Spring, but a hurdle just appeared. RBC Economics updated its forecast for the Bank of Canada (BoC) overnight rate in 2022. Canada’s largest bank sees inflation forcing the BoC to hike rates in April. In just five months, this would increase mortgage rates at […]. The post RBC Sees The Bank of Canada Hiking Rates During The Busy Spring Real Estate Market appeared first on Better Dwelling.
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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