Now that we are heading toward the end of 2021, what can we say about the U.S. housing market this year? No question it has been another year of ups and downs with seemingly conflicting data, which could indicate a coming boom or a bust depending on how you decide to parse it. If we stick to the facts, however, we can glean a few important take-homes as to what risks the housing market faces for 2021 and beyond. MORE
Housing Wire
OCTOBER 11, 2021
Servicers’ forbearance portfolio volume declined at the fastest rate in a year, as mortgage holders exit COVID-19 plans, according to the Mortgage Bankers Association (MBA). Exits are expected to pick up the pace in the weeks ahead due to economic improvement. The total number of loans in forbearance decreased by 27 basis points to 2.62% as of Oct. 3.
Housing Wire
OCTOBER 11, 2021
Now that we are heading toward the end of 2021, what can we say about the U.S. housing market this year? No question it has been another year of ups and downs with seemingly conflicting data, which could indicate a coming boom or a bust depending on how you decide to parse it. If we stick to the facts, however, we can glean a few important take-homes as to what risks the housing market faces for 2021 and beyond.
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Eye on Housing
OCTOBER 12, 2021
In the August labor market data, job openings for the overall economy remained elevated at 10.4 million open positions. What had been a challenge in certain sectors, like construction, continues as a broad labor access issue as businesses seek workers as the economy expands. The count of open construction jobs was stable at 344,000 unfilled positions, according to data from.
Keeping Current Matters
OCTOBER 13, 2021
The last 18 months changed what many buyers are looking for in a home. Recently, the American Institute of Architects released their AIA Home Design Trends Survey results for Q3 2021. The survey reveals the following: 70% of respondents want more outdoor living space. 69% of respondents want a home office (48% wanted multiple offices). 46% of respondents want a multi-function room/flexible space. 42% of respondents want an au pair/in-law suite. 39% of respondents want an exercise room/yoga space
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Better Dwelling
OCTOBER 13, 2021
Hong Kong, New York City, and Paris? They have nothing on Canada’s biggest real estate bubbles. UBS released its annual Global Real Estate Bubble Index today. Two Canadian cities managed to rank near the top of the charts — Toronto and Vancouver. Toronto home prices now rank as the second biggest bubble in the world. […]. The post A Global Swiss Bank Named Toronto The 2nd Biggest Real Estate Bubble In The World appeared first on Better Dwelling.
Housing Wire
OCTOBER 11, 2021
For the second month in a row, national housing affordability improved in August, according to the latest National Association of Realtors housing affordability index report. This improvement came as monthly mortgage payments fell by 1.1% while median family income fell by 0.7%. As of August 2021, the 30-year fixed mortgage rate was 2.89% compared to 3% a year prior.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Keeping Current Matters
OCTOBER 12, 2021
Today’s housing market is truly one for the record books. Over the past year, we’ve seen the lowest mortgage rates in history. And while those rates seemed to bottom out in January of this year, the golden window of opportunity for buyers isn’t over just yet. If you’re one of the buyers who worry they’ve missed out, rest assured today’s mortgage rates are still worth taking advantage of.
Sotheby's International Real Estate
OCTOBER 14, 2021
Atami, Japan | List Sotheby’s International Realty. Seeking peace, harmony, and tranquility at home? Perhaps it’s time to embrace the minimalism, artisanal craftsmanship, and traditional features that make Japanese design so inviting. Though Japandi style—a combination of classic Japanese and streamlined Scandinavian aesthetics—is topping trend lists this year, the foundational components of Japanese design are truly timeless.
Housing Wire
OCTOBER 14, 2021
Young people make up a smaller share of recent homebuyers than in previous years most likely due to the increased market activity of baby boomers, a new Zillow report published on Thursday found. It’s hardly breaking news that the demand for housing has drastically increased over the past 18 months, but the report suggests that this has more to do with demographic trends than the pandemic.
Better Dwelling
OCTOBER 12, 2021
Canadian home prices just keep rising at a faster and faster rate. US Federal Reserve (The Fed) data shows real home prices in the country surged in Q2 2021. Actually, that’s really underselling what happened. Residential real estate prices in Canada are growing at the fastest rates in the G7. Not just over the past […]. The post Canada’s Real Estate Bubble Grew Faster Than Any G7 Country In The Past 30 Years appeared first on Better Dwelling.
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Keeping Current Matters
OCTOBER 14, 2021
As you follow the news, you’re likely seeing headlines discussing what’s going on in today’s housing market. Chances are high that some of the more recent storylines you’ve come across mention terms like cooling or slowing when talking about where the market is headed. But what do these terms mean? The housing market today is anything but normal , and it’s still an incredibly strong sellers’ market , especially when compared to the few years leading up to the pandemic.
Sotheby's International Real Estate
OCTOBER 9, 2021
In peaceful locations from the verdant reaches outside Greenwich to New Mexico’s “O’Keeffe Country,” these rural retreats enjoy plentiful privacy, inspiring views, fresh air, and interiors that are as enchanting as their surroundings. The Forest Home. Healdsburg, California | Sheri Morgensen & Jessica Wynne, Sotheby’s International Realty – San Francisco Brokerage.
Housing Wire
OCTOBER 12, 2021
Mortgage credit availability increased for the third consecutive month in September, but is still 30% below the pre-pandemic level, according to a report released Tuesday by the Mortgage Bankers Association (MBA). Much of the growth in credit availability has come from loans that cater to self-employed borrowers, who were left in the cold by most lenders during the pandemic.
Better Dwelling
OCTOBER 13, 2021
Global real estate prices have uncharacteristically surged during the recession. It didn’t come without consequence, warned the International Monetary Fund (IMF), this week. The agency’s regular Financial Stability Report said global home prices are now stretched. Stimulus policies backstopped the market, creating moral hazards. Buyers now have a “can’t lose” feeling, pushing them to pay […].
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Keeping Current Matters
OCTOBER 15, 2021
Some Highlights. The best advice carries across multiple areas of life. When it comes to homebuying , a few simple tips can help you stay on track. Because of increased demand , you’ll need to be patient and embrace compromises during your search. Then, once you’ve fallen in love, commit by putting your best offer forward. If you’re looking to buy a home this year , work with a real estate professional so you have a dedicated partner and teammate to help you find the one.
Sotheby's International Real Estate
OCTOBER 12, 2021
In the early 20th century, the award-winning team of David J. Witmer and Loyall F. Watson—celebrated architects of the American Southwest—designed numerous public buildings and private residences, which earned them renown for outdoor living spaces and homes that that encourage a relationship with their natural environment. That connection is readily apparent in this stately manor, which was built in 1929 for the Henry W.
Housing Wire
OCTOBER 15, 2021
Homeownership platform provider SimpleNexus acquired LBA Ware , a software firm that offers incentive compensation management and business intelligence software for the mortgage industry, the companies announced Friday. The acquisition is a first for SimpleNexus and brings together 325 employees in 29 states from the two companies. SimpleNexus will now serve 425 distinct lender customers and dozens of mortgage technology integration partners, the company said in a release.
The American Genius for Real Estate
OCTOBER 11, 2021
(EDITORIAL) What follows is an open letter response with 13 questions regarding numerous recent representations by REX Homes. The post REX Homes – not disrupting anything except investor balance sheets appeared first on The American Genius Real Estate.
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.
Fancy Pants Homes
OCTOBER 11, 2021
Taylor Swift’s 2020 album, Folklore , came as a surprise to everyone — including the artist’s celebrity friends, Blake Lively and Ryan Reynolds, who had cautiously guarded the name of their third daughter since she was born, only to have Swift’s album reveal the name in a track named after her. But imagine our surprise when we heard that one of the songs on the album is a reference to the Grammy winner’s house in Watch Hill, Rhode Island.
Better Dwelling
OCTOBER 15, 2021
A little confused about Canadian real estate prices, and where they’re heading in the near term? You’re not alone. Home price data is starting to look a little confusing, even to the industry. RPS, the 30-year old property data giant owned by Brookfield, released its September home price index. The index, drawing from a larger […]. The post Canadian Real Estate Price Growth Is Slowing, Shows Brookfield’s RPS Data appeared first on Better Dwelling.
Housing Wire
OCTOBER 13, 2021
Mortgage application activity was largely flat for the week ending Oct. 8, despite mortgage rates reaching their highest level since June. That’s according to the latest mortgage application survey from the Mortgage Bankers Association , which said applications overall increased just 0.2% from the prior week. “An increase in home purchase applications offset a slight decline in refinances,” said Joel Kan, the MBA’s vice president of economic and industry forecasting. R
Eye on Housing
OCTOBER 14, 2021
The NAHB/Royal Building Products Remodeling Market Index (RMI) for the third quarter posted a reading of 87, up five points from the third quarter of 2020. The reading is a sign of positive residential remodeler sentiment for projects of all sizes.
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.
Sotheby's International Real Estate
OCTOBER 15, 2021
Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Miami Beach, Florida | Mirce Curkoski & Albert Justo, ONE Sotheby’s International Realty . Bosh, a two-time NBA champion with the Miami Heat, paid $12.33 million for the waterfront property in 2010. Chris Bosh’s longtime Miami Beach mansion gets a new look and new price: $42 million – Los Angeles Times. 6 charming homes in Illinois – The Week. 7 New Real Estate Developments Mak
Realty Biz
OCTOBER 13, 2021
As competition for limited housing inventory intensifies, buyers are bidding up home prices. But many have found that the tactic of making an aggressive bid to beat out other offers backfires, as the appraised value of the home falls well below the agreed price. The National Association of Realtors’ latest Confidence Index Survey , based on a poll of real estate professionals’ transactions, found that 23% of all sales were delayed due to appraisal issues and that 12% of the proposed deals ultima
Housing Wire
OCTOBER 11, 2021
The largest depository bank in Indiana, Old National Bank , is being sued for alleged redlining practices that spanned more than a decade. A lawsuit filed by the Fair Housing Center of Central Indiana in district court claims that Old National was purposefully cutting corners in serving communities of color by barely approving Black borrowers for mortgage credit and shuttering its branches in minority neighborhoods.
Eye on Housing
OCTOBER 14, 2021
Prices paid for goods used in residential construction ex-energy decreased 0.8% in September (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The decrease was largely driven by lower lumber and concrete products prices and was the second monthly decline since the start of the last recession.
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Maximum Exposure Real Estate
OCTOBER 15, 2021
The Role of a Real Estate Title Company As if real estate wasn’t confusing enough. Just when you think you have a handle on all the professionals and the organizations, along comes someone or something else to let you know there’s always more to learn. One of these items is knowing what a title company […]. The post What Does a Title Company Do in a Real Estate Transaction appeared first on Massachusetts Real Estate Exposure.
Realty Biz
OCTOBER 10, 2021
Fannie Mae has said it will allow third-party operators to provide the homeownership education courses that many buyers are compelled to take to secure a mortgage. The organization said the third-party homeownership education providers will have to be aligned with the National Industry Standards for Homeownership Education and Counseling or with the Department of Housing and Urban Development Housing Counseling Program, if they are not HUD-approved entities.
Housing Wire
OCTOBER 14, 2021
The average 30-year-fixed mortgage rose seven basis points to 3.05% for the week ending Oct. 14, to its highest level since April, according to Freddie Mac’s latest PMMS survey of mortgage rates. Two weeks ago, rates rose 13 basis points to 3.01%, eclipsing the 3% mark for the first time since June. However, last week, rates fell to 2.99%. Mortgage rates typically move in tandem with the 10-year U.S.
Sotheby's International Real Estate
OCTOBER 11, 2021
Sotheby’s upcoming Contemporary Art Day Sale (8-15 October 2021) celebrates the pioneering work of ground breaking NFT artists, displaying digital and physical versions of their artworks in parallel. ?. In this latest Sotheby’s video, discover more about this visionary content created by pioneer NFT artists including Hueman, Fewocious, Justin Roiland and MGOGLKTKO which covers the gamut from mind-bending and atmospheric pieces to humorous and absurdist faire.
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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