Sat.Jan 16, 2021 - Fri.Jan 22, 2021

COVID couldn’t stop the U.S. housing market in 2020

Housing Wire

Today the National Association of Realtors reported existing home sales for the month of December were at 6,760,000, a beat of estimates. This also closed the books on 2020’s housing market as we finished out the year at 5,640,000 total existing-home sales — a 5.6%

Owning a Home Is Still More Affordable Than Renting One

Keeping Current Matters

If spending more time at home over the past year is making you really think hard about buying a home instead of renting one, you’re not alone. You may be wondering, however, if the dollars and cents add up in your favor as home prices continue to rise.

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Canadian Real Estate Prices Grew Over 25x Faster Than U.S. Prices Since 2005

Better Dwelling

Canadian real estate prices are growing to comical levels, as bad policy stacks up. Federal Reserve data shows real adjusted home prices increased at double the pace of the U.S in Q3 2020. As big as the gain is, it’s one of many times Canadian real estate prices have outperformed the U.S.

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What is PMI: How to Get Rid of Private Mortgage Insurance

Maximum Exposure Real Estate

How to End Paying Private Mortgage Insurance What is PMI? Great question, right? Many people, especially first time home buyers, hear the term PMI and have no idea what it means. You will see the definition of PMI in a moment and, more importantly, how to terminate it.

Housing starts hit highest pace since 2006

Housing Wire

Single-family housing starts ended 2020 on a high note, rising 12% in December to a 1.338 million unit pace – the highest pace since 2006, according to the Census Bureau. That’s up 27.8%

How to Make the Dream of Homeownership a Reality This Year

Keeping Current Matters

In 1963, Martin Luther King, Jr. inspired a powerful movement with his famous “ I Have a Dream ” speech. Through his passion and determination, he sparked interest, ambition, and courage in his audience.

More Trending

How Affordable is the New Home Premium?

Eye on Housing

Earlier we published a post highlighting lower operating costs per dollar value for new homes.

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Biden’s executive order will extend foreclosure moratorium

Housing Wire

Following his inauguration on Wednesday, President Joe Biden revealed that he plans to sign 17 executive orders his first day in office, including a further extension of the eviction and foreclosure moratorium to at least March 31.

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Should I Wait for Lower Mortgage Interest Rates?

Keeping Current Matters

Historically low mortgage rates are a big motivator for homebuyers right now. In 2020 alone, rates hit new record-lows 16 times, and the trend continued into the early part of this year.

4 Mistakes Homebuyers Make in a Hot Real Estate Market

RIS Media

Some buyers are very green when it comes to purchasing real estate. As their agent, you are there to help them make the right decisions so that they stand a fighting chance in a highly competitive housing market.

Existing Home Sales Reached 14-year High in 2020

Eye on Housing

As demand continues to be driven by low mortgage rates and a suburban shift for home-buying preference, existing home sales, as reported by the National Association of Realtors (NAR), ticked up in December and the annual sales tally reached the highest level since 2006.

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Mortgage rates hold steady at 2.77%

Housing Wire

The average mortgage rate for a 30-year fixed loan fell two basis points last week to 2.77%, according to Freddie Mac ’s Primary Mortgage Market Survey. Now 12 basis points above the record low set Jan. 7 , rates more closely resemble those seen over two months ago.

What Experts Are Saying about the 2021 Job Market

Keeping Current Matters

Earlier this month, the Bureau of Labor Statistics (BLS) released their most recent Jobs Report. The report revealed that the economy lost 140,000 jobs in December. That’s a devastating number and dramatically impacts those households that lost a source of income.

Stronger Than Ever

RIS Media

This article first appeared in Real Estate magazine’s special-edition Women in Real Estate issue. View the entire issue here. Anna Ciano-Hendricks. Broker/Owner. RE/MAX Pathway. Kent, Ohio. www.pathwayoh.com. Region served: Northeast Ohio. Years in real estate: 11. Number of offices: 2.

Continued Gains for November Single-Family Permits

Eye on Housing

Over the first eleven months of 2020, total single-family permits issued year-to-date (YTD) nationwide reached 888,217. On a year-over-year (YoY) basis, this is an 12.2% increase over the November 2019 level of 791,452.

Prepare for the rise in mortgage rates

Housing Wire

As the calendar flipped to 2021, it didn’t take long for the rise in mortgage rates. Just two weeks into the new year, Freddie Mac reported that mortgage rates climbed 14 basis points to 2.79% , a dramatic contrast to 2020, a year in which mortgage rates set record lows 16 times.

The tables have turned: Zillow being sued for violating antitrust law

The American Genius for Real Estate

(REAL ESTATE CORPORATE) A Vermont real estate company is bringing a lawsuit against Zillow for violating antitrust laws. Will it be enough to slow the real estate giant? The post The tables have turned: Zillow being sued for violating antitrust law appeared first on The American Genius Real Estate.

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New Zillow Rental Policy Could Cost Industry ‘Tens of Millions of Dollars’

RIS Media

Last year, Zillow announced the launch of its own brokerage: Zillow Homes. Due to this, starting this year, rental listings syndicated through the MLS are no longer feeding directly to Zillow.

What Recession? Canadian Real Estate Sales Grow At Fastest Rate Since 2010

Better Dwelling

Canadian real estate sales are soaring, shattering quite a few records. Canadian Real Estate Association (CREA) data shows another monthly record in December. The annual rate of growth was also the highest rate since just after the Great Recession.

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Need a real estate agent? Here’s how to pick the right one

Housing Wire

Let’s face it, if you’re a first-time homebuyer, you have a lot of questions about the home-buying process. That’s what real estate agents are here for. Almost 90% of buyers recently used a real estate agent or broker to purchase their home, according to the National Association of Realtors.

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What credit score do you need to buy a house? Your guide to credit and mortgages

The Mortgage Report

The minimum credit score to buy a house varies by loan program. Most home buyers can get approved with a 580 credit score or higher. Learn how. Buying a home FICO & Credit Scores FICO Mortgage mortgage rates Real Estate

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Women in Real Estate: Advancing Leadership and Diversity in 2021

RIS Media

Although the trials of 2020 are now in the rearview mirror, the real estate industry—and the world at large—is staring down new and ongoing challenges in 2021.

Coldwell Banker Around the World: January 2021

Coldwell Banker

For our inaugural Coldwell Banker Around the World blog post, we are heading to the sunny climate of Cascais, Portugal.

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Three reasons there won’t be a 2021 housing market crash

Housing Wire

2020 came, and with it COVID-19. Five weeks into the crisis, demand in the U.S. housing market bottomed and then after about nine weeks, began to climb again, with purchase applications making a full V-shaped recovery by early June.

Congratulations to Principal Broker – Aryne Blumklotz

The Living Room

Congratulations To Aryne. She Is Now A Principal Broker! Our team is thrilled that Aryne is now a Principal Broker! This allows us to grow our team and serve you in new and exciting ways! Nice job, Aryne!

Women Leaders in Virtual Real Estate

RIS Media

This article first appeared in Real Estate magazine’s special-edition Women in Real Estate issue. View the entire issue here. Women make an incredible difference in the often male-dominated real estate industry. At MyOutDesk, we know this, and we celebrate women in the field. As the No.

Getting a mortgage without your spouse: What are the benefits and drawbacks?

The Mortgage Report

Thinking about buying a house or refinancing with only one spouse on the mortgage? Here are the major benefits and drawbacks to consider. Buying a home Mortgage Strategy Mortgage Vlogs

CFPB Director Kathy Kraninger resigns at Biden’s request

Housing Wire

Consumer Financial Protection Bureau Director Kathy Kraninger announced Wednesday she is resigning from her post at the request of President Joe Biden’s administration. “As As requested by the Biden administration, today I resigned as Director of the CFPB,” Kraninger said. “I

Smart Living: The Latest Smart Home Tech to Add to Your Home

Redfin

Living in a smart house used to only exist in sci-fi movies. Fast forward to today and connected homes and smart gadgets are quickly becoming the norm. Smart home tech has transformed every aspect of home life, from security and basic kitchen tasks to how a house is built.

Feng Shui Staging Tips

RIS Media

If you’re looking to spice up staging strategies for your listings, you might consider incorporating some Feng Shui techniques.