Mortgage applications for new home purchases in June decreased 3% from May and 23.8% year over year, suggesting a slowdown in the housing market, according to a recent report from the Mortgage Bankers Association. New single-family home sales were reported at a seasonally adjusted annual rate of 704,000 units in June, a decrease of 5% from May’s pace of 741,000. MORE
Housing Wire
JULY 21, 2021
Mortgage applications decreased 4% for the week ending July 16, just one week after applications jumped 16% on the strength of falling mortgage rates. The 10-year Treasury yield dropped sharply last week, in part due to investors becoming more concerned about the spread of COVID variants and their impact on global economic growth, according to the latest survey from the Mortgage Bankers Association.
Keeping Current Matters
JULY 19, 2021
In today’s real estate market, mortgage interest rates are near record lows. If you’ve been in your current home for several years and haven’t refinanced lately, there’s a good chance you have a mortgage with an interest rate higher than today’s average. Here are some options you should consider if you want to take advantage of today’s current low rates before they rise.
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Eye on Housing
JULY 21, 2021
Seventeen percent of American adults are considering the purchase of a home within a year, according to NAHB’s Housing Trends Report for the second quarter of 2021. The share (now seasonally-adjusted) has increased for five consecutive quarters, after hitting a series low of 10% in the first quarter of 2020. The upward trend is clear evidence of Americans’ growing desire.
Realty Biz
JULY 19, 2021
If you are asking yourself, “should I refinance?” there are many things to consider. Homes are normally the largest expense people ever commit to and one that can have far-reaching consequences on their financial future. Looking at refinance mortgage options should provide you a way to deal with unexpected expenses, better plan your retirement, or pay for improvements to your home.
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Housing Wire
JULY 23, 2021
Competition for home buyers is tougher than ever right now, as tightened housing stock supply continues to plague the housing market. Acra Lending is doing what it can to help free up inventory. The company specializes in non-QM products, a sector that serves many borrowers who might not fit agency loans. By working with borrowers in unusual circumstances, Acra is helping create opportunities for inventory to open up. 3-month bank statement.
Keeping Current Matters
JULY 21, 2021
Over the past year, many homeowners realized what they need in a home is changing, especially with the rise in remote work. If you’re longing for a dedicated home office or a change in scenery, now may be the time to find the home that addresses your evolving needs. Working from Home Isn’t a Passing Fad. Before the pandemic, only 21% of individuals worked from home.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Better Dwelling
JULY 17, 2021
Canadian real estate prices have been generous to sellers over the past year, but not so much for buyers. The Canada Mortgage and Housing Corporation (CMHC) released the results of its annual Mortgage Consumer Survey for 2021. One of the more interesting stories told in the data is how buyers are navigating this market. It […]. The post Over Half of Canadian Home Buyers Are Borrowing The Maximum They Can: CMHC appeared first on Better Dwelling.
Housing Wire
JULY 23, 2021
The following Q&A comes from the HW+ exclusive Slack channel, where HousingWire Senior Real Estate Reporter Matthew Blake answered questions about his latest coverage on the impact of the DOJ’s decision and how the industry is gearing up to respond. During the Q&A, Blake discussed the ramifications of previous DOJ investigations into NAR and conversations he has had with top-level agents on how they’re feeling about this news.
Realtor.com
JULY 19, 2021
Getty Images When our bathrooms are out of order, it’s as if our lives are out of order. Whether you have one bathroom or five, uninterrupted function and cleanliness are crucial. That’s why it’s important to know exactly when the elements in your bathroom can conk out and need to be replaced. “Homeowners should be thinking about replacing and performing the proper upkeep with things in the bathroom because it’s the second most used room in the house, next to the kitchen,
Sotheby's International Real Estate
JULY 20, 2021
Among all the storied streets and boulevards in the world, few are as renowned and respected as Fifth Avenue in Manhattan, fabled and sought after for its Museum Mile, its proximity to Central Park, its spectacular architecture, and the luxurious apartments and penthouses soaring above its bustle. New York, New York | Craig George & Kevin B. Brown, Sotheby’s International Realty – East Side Manhattan Brokerage.
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Better Dwelling
JULY 22, 2021
The whole world might be in a property bubble, but Canada is the second riskiest. That’s the take from Oxford Economics in their latest housing report this morning. Adam Slater, the firm’s lead economist, broke down fundamentals for global markets. He found double-digit overvaluations are widely seen these days. The firm believes a correction is […].
Housing Wire
JULY 19, 2021
As some borrowers exit forbearance and consider selling their homes, they could use some guidance to ensure they’re making the right decision. Using Xome’s Xpert Seller Program, servicers can help borrowers determine the best marketing strategy list and sell their homes. HousingWire recently spoke with Joe Cutrona, SVP, Auction Exchange & Asset Management at Xome, about Xpert Seller and how it benefits both servicers and borrowers.
Realtor.com
JULY 19, 2021
Getty Images The kitchen may be the heart of the home, but the living room is the hub. It’s where everyone convenes to relax and enjoy quality time with each other (or with the TV). If you’re preparing to list your house, you need to go the extra mile to help prospective new owners see your living room’s full potential. Today’s buyers expect spaces that are equal parts inviting and updated.
Sotheby's International Real Estate
JULY 17, 2021
Few things are more enticing than a refreshing swim or float during the long, hot days of summer. These dazzling pools—in locations from Connecticut to California—encourage outdoor enjoyment and relaxation in sophisticated settings. Wine Country Retreat in Sonoma, California. Sheri Morgensen, Sotheby’s International Realty – San Francisco Brokerage.
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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.
Better Dwelling
JULY 19, 2021
Canadian housing is cooling very fast, something few would believe a few months ago. Canadian Real Estate Association (CREA) data shows the national sales to new listings ratio (SNLR) fell in June. The measure, a proxy for demand, shows buyers are dropping out of the market faster than sellers. Most markets are now displaying this […]. The post Most Canadian Real Estate Markets Are Seeing Buyers Disappear Faster Than Sellers appeared first on Better Dwelling.
Housing Wire
JULY 23, 2021
Three of the “Big Four” title insurers — First American Financial , Old Republic and Stewart Title — released their second-quarter earnings this week. Fidelity National will release its second-quarter earnings on Aug. 3. First American reported $2.3 billion in total revenue for the second quarter, a 41% increase year over year and up from $2 billion in the first quarter of 2021.
Realtor.com
JULY 22, 2021
Getty Images If you’re reading this, you’ve probably already been scrolling through Realtor.com listings in search of your idyllic lakeside cottage. And who could blame you? In these dog days of summer, we could all use a little waterfront respite from life’s stresses. . Take it from me—lakeside living truly is a dream come true. My grandpa built a cabin in Michigan where I spent many weekends and summers, and it’s still used by our family today.
Sotheby's International Real Estate
JULY 23, 2021
Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Big Pine Key, Florida | Ally Kelley, Ocean Sotheby’s International Realty . An oceanfront house listed for $5.49 million on West Cahill Court on Florida’s Big Pine Key offers a private place to witness aquatic life up close. $5.5M Florida Keys Home Features an Aquarium Big Enough for Snorkeling – Realtor.com. 7 Stylish Homes With Sophisticated Drinking Lounges on Property – Archite
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.
Better Dwelling
JULY 20, 2021
Canadian mortgage credit must be seen as too cheap to pass on, since everyone is borrowing. Bank of Canada (BoC) data shows the outstanding mortgage credit for May grew at the fastest rate in over a decade. The balance is also likely to climb at an even faster rate as well, despite the backdrop of […]. The post Canadian Mortgage Debt Grew At The Fastest Rate Since 2010 Even With Falling Sales appeared first on Better Dwelling.
Housing Wire
JULY 22, 2021
Title insurance veteran Janice Cassidy has been named agency compliance manager at North American Title Insurance Co., a subsidiary of Doma. The company announced this week that Cassidy’s role will include evaluating and monitoring NATIC’s independent policy-issuing agencies, settlement and escrow agents, and approved and supported attorneys for compliance with agency underwriting agreement requirements, company programs, legal and regulatory requirements.
Fancy Pants Homes
JULY 22, 2021
In a time long before Thanos wiped out half of the world’s population, one of the most memorable movie scenes in the Marvel Cinematic Universe saw Iron Man’s house crumble down to the bottom of the ocean. And while Tony Stark was (rightfully so) busy saving Pepper from the wreckage, we just sat there, looking at his futuristic mansion being wiped out from the face of the Earth.
Sotheby's International Real Estate
JULY 19, 2021
Minimalism has its appeal, but it’s hard to argue that maximalism doesn’t deserve its share of the design spotlight. In contrast to the pared-down aesthetics of minimalism and its Scandinavian neutrals, maximalism makes the claim that more is better. Instead of white walls and sparse decorative elements, think saturated colors, layered textures, and eclectic pieces that contribute to a bold and undeniably unique space.
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.
Better Dwelling
JULY 23, 2021
Canadian real estate markets are losing some steam after its record year. Canadian Real Estate Association (CREA) data shows just over half of markets saw price growth slow in June. Looking more closely at recent numbers reveals this trend is about to become more common. All but a few markets are currently on track for […]. The post Nearly 3 In 4 Canadian Real Estate Markets Have Seen Price Growth Slow appeared first on Better Dwelling.
Housing Wire
JULY 21, 2021
America’s largest retirement community spans three Florida counties and more than 70 miles. It has over 120,000 residents — all of whom are at least 55 years of age. And if the sheer size of the gated, master-planned complex known as The Villages doesn’t convince you of the uniqueness of the community – which was developed in the 1980s by developer Harold Schwartz and his son H.
Maximum Exposure Real Estate
JULY 19, 2021
Getting a Mortgage to Buy a House With Bad Credit Can I buy a house with bad credit? Are bad credit home loans available? If you are asking these questions, you’re not alone. Many people who are interested in purchasing a house want to know the minimum credit score requirement. Getting a home loan with […]. The post How to Buy a House With Bad Credit: Mortgages With Low Credit Score appeared first on Massachusetts Real Estate Exposure.
BubbleInfo
JULY 23, 2021
The prognostications are coming in about the direction of home prices. It’s easy to predict that the market won’t be as hot as it’s been (or will it?). The Burns forecast will be as good any of the guesses, and don’t be surprised if all of them end up predicting a goose egg over the […].
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Better Dwelling
JULY 19, 2021
Canadian real estate just got another data point to show how lofty recent home price gains have been. Statistics Canada (Stat Can) released the median after-tax income of households in 2019. The data confirms what many suspected — home prices grew much faster than incomes. A lot faster. About Today’s Data Today we’re going to […]. The post Canadian Home Prices Increased 11x Income Before The Recent Pandemic Boom appeared first on Better Dwelling.
Housing Wire
JULY 22, 2021
RealTrends Market Leaders report ranks the top residential real estate firms in over 160 different metropolitan areas based on 2021 RealTrends 500 brokerage rankings. When it comes to movers and shakers in the Market Leaders report, it can be boiled down to Compass and flat-fee brokerages. Both are making noise, rising quickly up the rankings to the top of select markets around the nation.
Sotheby's International Real Estate
JULY 22, 2021
When it comes to your walls, a simple paint job or swath of wallpaper can completely transform a space. If you’re looking for something a bit more unexpected, though, there are a few less common options for the ambitious designer looking to really make an impact. From murals and frescoes to walls covered in antique mirrors, there’s no shortage of inspiring and one-of-a-kind wall treatments that feel like a departure from the ordinary.
BubbleInfo
JULY 22, 2021
Abalone Landing Terrace in Carmel Valley has had a typical frenzy – low inventory and rapidly rising prices. There were two sales that closed in 2020 – one $1,650,000 in July and $1,780,000 in October. At the end of May, 2021 a new listing hit the open market at $1,950,000, and was promptly bid up […].
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.
Housing Wire
JULY 20, 2021
Mortgage applications for new home purchases in June decreased 3% from May and 23.8% year over year, suggesting a slowdown in the housing market, according to a recent report from the Mortgage Bankers Association. New single-family home sales were reported at a seasonally adjusted annual rate of 704,000 units in June, a decrease of 5% from May’s pace of 741,000.
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