2022

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Cooler inflation data sends mortgage rates lower

Housing Wire

On Tuesday, the Consumer Price Index (CPI) data came in cooler than expected , and the bond market loved it, driving mortgage rates lower. Where do we go from here? Headline inflation is still very elevated historically, but the trend can be our friend over the next 12 months. I say this because the most significant component of Core CPI is shelter inflation.

Mortgages 536
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Advice for Buyers & Sellers in Today’s Market

RRT Submitted Articles

The housing market has shifted, and today I have some practical advice for buyers and sellers. This is coming from hundreds of conversations every month as well as stats I'm pulling. Some new memes too. Enjoy if you wish.

Marketing 257
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3 Trends That Are Good News for Today’s Homebuyers

Keeping Current Matters

While higher mortgage rates are creating affordability challenges for homebuyers this year, there is some good news for those people still looking to buy a home.

Mortgages 339
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How smart home technology increases property value in a challenging market

Housing Wire

Over the past few years, we’ve seen an increased demand for smart home technology as consumers continue to embrace a digital lifestyle. “Smart home technology, whether it be keyless entry locks, smart thermostats or leak sensors, these are all things that, five or six years ago, were still pretty new to the marketplace,” said Andre Sanchez, COO of Rently, a smart home and self-guided touring solutions provider.

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

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

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.

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Lower mortgage rates are stabilizing the housing market

Housing Wire

Since the weaker CPI data was released in November, bond yields and mortgage rates have been heading lower. The question then was: What would lower mortgage rates do to this data? Now, with five weeks of data in front of us, we can say they have stabilized the market. Purchase application data came out on Wednesday and the week-to-week data was down 3%, breaking the streak of four straight weeks of growth.

Mortgages 536
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Why This Housing Market Is Not a Bubble Ready To Pop

Keeping Current Matters

Homeownership has become a major element in achieving the American Dream.

Marketing 359

More Trending

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11 Things to Know About Escrow When Buying a House

Realty Biz

Buying a house is a complicated process, so it’s refreshing when one simple concept covers more than one aspect of it. Escrow is just such a concept. This is the practice of enlisting a third party to hold both the deed to a property and the money used to buy it until both buyer and seller are satisfied with the terms. When this idea originated around the turn of the 20th century , selling property was much more simple.

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Be Your Own Builder: The Cheapest Way to Build a House

HomeLight

You’ve heard the stories about people who’ve bucked the system when it comes to homebuying, striking out and building their home themselves at a huge savings. Considering the ever-rising costs of existing homes and the lack of affordable housing in many areas, building new can seem very appealing. But you also have to wonder how sustainable the idea really is.

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Housing inventory projected to increase in these markets, says study

Real Trends

Gainesville, Ga., led communities with 100,000 to 250,000 in population with nearly 15,000 projected listings. Port St. Lucie, Fla. (23,800), Durham-Chapel Hill, N.C. (44,850), North Port-Sarasota-Bradenton, Fla. (40,141), Nashville-Davidson-Murfreesboro-Franklin, Tenn. (82,050), Phoenix-Mesa-Chandler, Ariz. (136,394) and New York-Newark-Jersey City, N.Y.

Marketing 140
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5 Simple Ideas for Fall Home Makeovers

Coldwell Banker

Deck out your home for fall with these five easy, creative ways to infuse fall colors and textures into your décor. The post 5 Simple Ideas for Fall Home Makeovers appeared first on Coldwell Banker Blue Matter.

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

Speaker: Rivers Pearce, CEO of W8LESS

Successful real estate professionals know that the most powerful tool in their business (aside from their stellar personality, of course) is maintaining a robust database of past, current, and prospective clients. However, keeping your contacts in a spreadsheet, or worse, sitting in your iPhone, simply won’t cut it in today’s world. 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.

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111 Shocking Real Estate Statistics You Need To Know

The Close

Current home sales in 2022 are the second highest tally since 2007, trailing only 2021. Real estate statistics like this one are a critical part of understanding the ever-changing real estate market and the industry at large. We’ve researched multiple sources to bring you 111 of the most compelling real estate stats from across the industry—covering everything from market performance, agent demographics, marketing, teams, brokerages, and more.

Agents 139
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How to Accept (and Fire) Real Estate Clients

RRT Submitted Articles

Here’s what you need to know about finding the best clients for your real estate business.

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Bed Stuy’s Beloved Dangler Mansion Is Gone (Video)

Brownstoner

Well, that was fast. After pausing for a Department of Buildings inspection this morning, workers got the go-ahead to reenter the site and resume demolition at 1 p.m. [link]. By 4 p.m., the excavator was back at work chomping on the brick. Demolition often takes two or three days. Not this… Read More > The post Bed Stuy’s Beloved Dangler Mansion Is Gone (Video) appeared first on Brownstoner.

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6 Real Estate Reality Shows Agents Wish Existed

Lighter Side of Real Estate

There’s a never-ending loop of real estate shows you can watch on TV nowadays. It doesn’t matter what time of day it is, you’re bound to find one on. But be careful: the minute you get sucked into one , you may find yourself sucked into the next the way they phase out of one episode into the next! You can go from watching one agent helping a couple buy their first home on a shoe-string budget, to another helping a family who just won the lottery buying a home bigger than they ever hoped for in t

Agents 139
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The Real Estate Pulse: Analyzing the 2022 Housing Market

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

For real estate professionals, 2021 was an iconic year. And while the seller’s market continues to shape 2022, real estate experts predict significant changes in inventory, mortgage rates, home prices, and buyer’s checklists. It can be difficult to navigate these constant shifts. However, with the right strategy in place, there is no doubt that you can achieve success.

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Comparing this housing market recession to 2008

Housing Wire

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. There are similarities and significant differences between the housing recession we’ve seen this year versus 2008, and looking at specific factors in both timeframes gives us an idea of what to expect in 2023.

Marketing 543
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Your House Could Be the #1 Item on a Homebuyer’s Wish List During the Holidays

Keeping Current Matters

Each year, homeowners planning to make a move are faced with a decision: sell their house during the holidays or wait.

Marketing 334
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Builders Are Cutting Prices & Offering Incentives, But It’s Not 2008

Eye on Housing

In November of 2022, 36 percent of single-family home builders reported reducing their prices, and 59 percent were offering special sales incentives. These percentages may seem relatively high—and in fact they have increased significantly since July of this year—but they are nowhere near as high as they were during the 2007-2008 financial crisis. Questions on sales incentives have been a.

Sales 137
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Killer Tips For Preparing to Get a Home Loan

Realty Biz

Most people need to get help from a lender to buy a home, and applying for a loan can be difficult at times. Getting a mortgage in the current conditions, where interest rates have risen quickly, hasn't made the situation any easier. While it might be more difficult to get a mortgage, it is, of course, still possible, but you might need to prepare more carefully.

Loans 137
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#Trending: How to Leverage Instagram’s Algorithm to Build Your Pipeline

Speaker: Eric Simon, Founder of The Broke Agent Media | Matt Lionetti, Real Estate Salesperson at The Agency

Social Media is one of the most efficient sales tools an agent can use! It has the potential to produce high-quality leads and foster client relationships when used effectively. As new social media tactics flood the market, agents are being inundated with the various apps and trends that could lead to their success. In this webinar, The Broke Agent and Matt Lionetti breakdown the strategies they utilized to grow their accounts to over 400,000 combined followers.

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Can You Put an Offer on a House That’s Contingent?

RIS Media

Yes! Once you find your dream home and it happens to be marked as contingent, you can still place an offer. Here’s all you should know about contingent sales as a potential home buyer. Contingent meaning. Real estate listings go through different stages. An active listing means the home in question is currently on sale, and sellers are actively open to offers.

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The best week to buy a home is coming up

Real Trends

It is general knowledge that spring time is home selling season , but the best time to buy a house can change from year to year. According to a report from Realtor.com published Wednesday, in 2022, the best week to buy a house is from September 25 to October 1. Many in the industry view fall as “off season” for the housing market, which offers opportunistic buyers many favorable factors including more listing, less competition, and lower prices.

Mortgages 144
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How Much Does It Cost to Build a House in 2022?

HomeLight

Amna Shamim contributed research and writing to the most recent version of this story. In certain scenarios, it could be less costly to build than to buy. So how much does it cost to build a house? According to HomeAdvisor, the national average cost to build a new home in 2022 is $283,900. The U.S. Census Bureau puts the sales price of a new home higher, at an average of $496,900 in January 2022.

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17 Clever Home Staging Tips From Top Agents (+ DIY Shopping Guide)

The Close

One of the many marketing strategies that new listing agents struggle with, home staging is probably the most challenging. Hiring a professional stager is expensive, and DIY staging is something of a mystery for most new listing agents. In order to demystify the process, we worked with top-producing listing agents, including our friends at Ryan Serhant’s luxury brokerage SERHANT., to get the best home staging tips for 2022.

Agents 142
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The #1 Reason Why Sales Coaching is Critical to Your 2022 Sales Success

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

In this era of social media, traditional ways of selling are not as effective as they used to be. As prospects become more proficient on social media, many organizations struggle to keep up, not knowing how to navigate the new digital landscape. With most of the world’s population active on social media, it is imperative that teams improve their sales strategies by investing in sales coaching & training.

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How to Get the Best Real Estate Referrals

RRT Submitted Articles

How much of your Real Estate business comes from referrals? You can quickly increase your referral network by learning how to position yourself to be a good referral partner. Here’s how you can earn more referrals to grow your real estate business this year.

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Pack Your Bags: We’re Moving To Calgary!

Toronto Realty Blog

TorontoRealtyBlog. What’s the best film trilogy of all time? Many of you are going to say Lord of The Rings , and that’s fair, although I consider that to be the same movie divided into three. And that’s unfair of me to say, since I only saw the first film (and didn’t like it), and I also don’t support the “fantasy” genre.

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Been Waiting to Sell and Buy a “Move-Up” Home? Now May Be the Perfect Time!

Lighter Side of Real Estate

Most people don’t buy their “forever house” right out of the gate. It’s hard to afford a home that has the size and amenities you want on your first (or even second) purchase. So most people start out with something a little smaller, needing some work, or not in their ideal location. The plan is usually to spend a few years in it, then sell it to buy a bigger, better home in your ideal neighborhood once you’ve built up some equity.

Equity 145
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The 2023 Housing Market: A Look Ahead

Housing Wire

This article is part of our 2022-23 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.

Mortgages 501
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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 actually help you keep on track, stay nimble, and close more deals in 2022. Download now!

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How To Prep Your House for Sale This Fall

Keeping Current Matters

Today’s housing market is different than it was just a few months ago.

Sales 342
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Type of Parking Facility of New Single-Family Houses Completed: 2021 Data

Eye on Housing

A majority of new homes that completed construction in 2021 included two-car garages (67%), according to NAHB analysis of 2021 Census Bureau Survey of Construction data. There is clear uniformity for parking options in new homes completed across the Census divisions: the 2-car garage was the most popular parking option for completed homes in all divisions.

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Killer Tips For Negotiating a Home Inspection

Realty Biz

One of the most vital phases of buying a house is having it inspected. Home inspections over the last few years were few and far between. The crazy hot seller's market forced many home buyers into forgoing their inspection. With bidding wars being the norm and not the exception, many buyers were waiving their inspection to strengthen their offer. Things are starting to change in many real estate markets around the country.

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U.S. Supply Chain Hurdles Present Major Headwind for Housing Market

RIS Media

As supply chain hurdles continue to strain homebuilders, industry experts and stakeholders say that conditions have worsened as pre-existing and new challenges have contributed to longer build times and higher prices for new homes. “Construction cycle times are up anywhere from four to 10 weeks and in some cases longer, particularly for the higher-end homes that are using a lot of custom materials that have to be transported,” says Rob Dietz, chief economist at the National Associati

Marketing 144
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How Sales Enablement is Supporting Social Selling in 2022

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

In many organizations, Sales Enablement is owning both LinkedIn and Social Selling. LinkedIn, even the free version, is an essential sales tool that every sales professional should be using, while leadership is continuing to turn to Sales Enablement to ensure that the business development team has all the strategies and tactics they need to be successful.