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 538
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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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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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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 544
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Sipping in Style: 4 Well-Equipped Home Cocktail Bars

Sotheby's International Real Estate

In elegant estates from East Coast to West, these distinctive, expertly appointed bars prove that the best spot for a festive nightcap is often home sweet home. California Contemporary. Robin Walpert | Sotheby’s International Realty – Santa Monica – Venice Brokerage. This new solar-powered five-bedroom contemporary residence was designed for sophisticated entertaining and luxurious environmentally friendly living.

Brokerage 145
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Canada’s Real Estate Bubble Is Now The Largest Ever, Correction Needed: RBC

Better Dwelling

Canadian real estate is in the largest bubble the county has ever experienced. RBC warns that housing affordability has eroded right across the country in November. In a research note to investors, the bank explains it’s now even harder to buy a home than during the 1980s bubble. A correction is now required to stabilize […]. The post Canada’s Real Estate Bubble Is Now The Largest Ever, Correction Needed: RBC appeared first on Better Dwelling.

Banks 144

More Trending

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Converting the Garage

GeekEstate

[Editor’s note: Originally published in the GEM as a Weekly Radar entry.]. SYMBiHOM is a company in the Bay area that designs prefabricated garage to ADU conversionprefab kits that take less than 4 weeks to install. Based on the garage dimensions, ADUs can be a studio, 1-bedroom, or 2-bedroom living unit with a full bathroom and kitchen. The solution increases workforce housing, homeowner income, multifamily living and aging in place with income.

Design 145
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Homebuilders now targeting low-density, low-cost metros

Real Trends

Since the onset of the COVID-19 pandemic, homebuilders have shifted from high-density, high-cost areas to lower density and lower cost areas, according to the National Association of Home Builders second quarter 2022 Home Building Geography Index (HBGI) report released Tuesday. The index shows that the market share for single-family home building in large metro core areas and inner suburbs has fallen from 44.5% in the fourth quarter of 2019 to 41.6% in the second quarter of 2022.

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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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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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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.

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What Do Home Buyers Buy after Moving

Eye on Housing

NAHB analysis of Consumer Expenditure Survey (CES) data from the Bureau of Labor Statistics shows that during the first year after closing on a home sale, home buyers tend to spend considerably more money on furnishings, appliances and remodeling compared to non-moving owners. Buyers of new homes spend most, spending four times as much as non-moving owners and twice as.

Closing 145
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The 18-year Property Cycle and What it Means

RRT Submitted Articles

Many believe that the property market is driven by an 18 year property cycle. This post explains what the 18 year cycle is.

Marketing 232
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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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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 546
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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

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Luxury Real Estate Headlines: First Week in December 2022

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. San Francisco, California | Sotheby’s International Realty – San Franciasco Brokerage. The “grand-scaled” mansion is located on tree-lined street in Presidio Heights. 100-Year-Old San Francisco Home Lists for $11.35 Million – Mansion Global.

Brokerage 143
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Canadian Real Estate Prices Have Officially Crashed In 18 Markets

Better Dwelling

Canadian real estate markets went from boom to crash in less than a year. Canadian Real Estate Association (CREA) data shows every major composite index was down from its peak in November. Over a dozen of Canada’s real estate markets have even “crashed” as a sharp mix of reality and higher interest rates sink in. […]. The post Canadian Real Estate Prices Have Officially Crashed In 18 Markets appeared first on Better Dwelling.

Marketing 144
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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 144
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The Simple Tech Tools That Have Saved Me The Most Time As A Landlord

GeekEstate

They say time is money, which means time is our most valuable resource as landlords. In addition to being a real estate investor and landlord myself, I’m a CEO, an entrepreneur, a husband and a father. I am always, always, always looking for tools and technology that can help me streamline my workflow and give me more time to focus on the bigger picture. .

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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 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.

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Surprise! Google searches for “sell my house” explode

Real Trends

It looks like inventory is about to get a boost. An analysis of Google search data reveals that searches for ‘sell my house’ exploded 147% in the United States as of July 2022 — the highest level in internet history for America, according to luxury real estate platform RubyHome. This comes as Americans face rising property and rent costs, with fears of a recession looming.

Mortgages 145
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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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3 Signs That You Should Keep Calm and Call on…Your Buyer’s Agent

Lighter Side of Real Estate

When you’re on the hunt for a house, you’re glued to the Internet, scrolling every listing site you can to make sure you aren’t missing anything. The Internet has certainly made it easier than it used to be to make sure you weren’t missing out on the house of your dreams. But you probably also keep your eyes peeled and ears perked for any word of a listing that may not have been listed on the MLS or any real estate site you browse.

Agents 145
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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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5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

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Are Interest Rates Going Up or Down?

RRT Submitted Articles

Are interest rates going up or down? This post covers recent mortgage rate trends and the future forecasts of industry leading experts.

Mortgages 218
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How a Home Inspection Works When It’s Your House in the Hot Seat

HomeLight

You’ve done the work to get your home ready to sell — repainted rooms a neutral color and taken care of minor repairs, hired a great real estate agent , staged it to perfection , kept it clean for open houses and home tours — and now you’ve accepted an offer. Up next: The home inspection. Once the buyer orders a home inspection, your home is in the hot seat.

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Builders apply the brakes amid canceled contracts

Housing Wire

The best way to fight inflation is to add more supply, and when I look at the housing completion data for the past two years, it just makes me want to puke. In previous expansions, builders’ housing completion data would move in line with housing starts and permits. However, for the first time in recent modern-day history — due to supply chain issues and other factors — housing completion data has lagged behind housing permits and starts.

Mortgages 545
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The Lounge Life: Five Homes Ideal for Indoor-Outdoor Living

Sotheby's International Real Estate

In desirable locales from East Hampton to San Francisco, these five homes are perfect for the long, lovely days of summer, blending spaces for enjoying the outdoors with easy access to interior comforts and conveniences. Sleek Modern Style in Sagaponack. Beate V. Moore, Sotheby’s International Realty – Bridgehampton Brokerage. Designed by esteemed architect Steven Harris, this thoroughly modern farmhouse sits on 1.3 emerald acres just a block from the beach.

Brokerage 145
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How Enriching the Lives of Your Clients Leads to Greater Sales Success

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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Canadian Housing Affordability Hits Unsustainable Level: BoC Index

Better Dwelling

Canadian real estate has never exactly been cheap, but it’s rarely this unaffordable. The Bank of Canada (BoC) Housing Affordability Index (HAI) hit a 32-year high in Q3 2022. That means it’s nearly impossible for an average household to buy a home right across the country. The cost of housing has breached an unsustainable level […]. The post Canadian Housing Affordability Hits Unsustainable Level: BoC Index appeared first on Better Dwelling.

Banks 144
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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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Meet The Real Estate Tech Entrepreneur: Jeff Glass from Hometap

GeekEstate

In this week’s founder interview, we’re bringing you Jeff Glass from Hometap. Without further ado…. Who are you and what do you do? My name is Jeffrey Glass. I am the CEO and cofounder of Hometap Equity Partners. My job has five main requirements. My number one role is to ensure that we are capitalized to accomplish our mission of making homeownership less stressful and more accessible, as we have ambitious operating and deployment goals that can’t be accomplished unless we have the

Equity 140
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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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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

As we kick off 2022, companies are giving more attention to their Digital/Social Sales Programs. While companies are enabling their sales professionals with coaching and a variety of digital tools to connect with potential customers, they're experiencing fluctuating KPIs. The secret to having a successful digital sales program is to have a structured Corporate Digital Selling Initiative that is centered around these four pillars: 1.