October, 2021

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Investors are buying more, but spending less

Housing Wire

Real estate investors are buying more properties, but paying less for them, according to a report from RealtyTrac released Thursday based on ATTOM Data Solutions home sales data. In the second quarter of 2021, investor purchases accounted for 15.4% of all home purchases nationwide, compared with 11.5% of all home purchases a year prior. Despite such a large year-over-year change, it is still slightly lower than Q1 2021 , in which investors held 15.9% of the market.

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The Big Question: Should You Renovate or Move?

Keeping Current Matters

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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Is the housing market cooling down?

Housing Wire

The housing market continues to be hot in most of the country, but there are signs that the party may be coming to an end. To help better understand what the latest data means for the industry, HousingWire Lead Analyst Logan Mohtashami answered questions about what it all means. The Q&A was hosted in the HW+ Slack channel, which is exclusively available to members.

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Canadian Real Estate Prices Are Overvalued By Up To 91%: Moody’s

Better Dwelling

Canadian real estate is very overvalued, according to a massive credit rating agency. Moody’s Analytics released its Canadian real estate model this week. The firm’s model shows markets are overvalued by up to 91% across the country. As disastrous as that sounds, the firm isn’t expecting a big housing crash. The baseline model shows low […].

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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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10 Creepy Real Estate Stories That’ll Make You Gasp With Fear…or Laughter!

Lighter Side of Real Estate

Sometimes the scariest thing in the job of a real estate agent isn’t a mile long inspection report detailing foundation issues, or seeing your buyer pull up in a new car before their mortgage is approved. From the just plain weird to the downright freaky, the crazy situations agents find themselves in would surprise anyone who hasn’t been in the biz.

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What a Home Appraisal Is Based On: House Appraisal Tips

Point2Homes

Image: Andrey_Popov / Shutterstock.com. Home appraisals are a vital part of most real estate transactions — and it doesn’t matter if you’re planning on selling your home or purchasing one first. Either way, you’re going to encounter a home appraisal contingency at some point. And, given the importance of the home appraisal process , you should know what to expect ahead of time.

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Don’t Wait for a Lower Mortgage Rate – It Could Cost You

Keeping Current Matters

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.

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Housing affordability improves for second straight month

Housing Wire

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.

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The World Has Millions of Vacant Homes, and 1.3 Million Are In Canada: OECD

Better Dwelling

The whole world is undergoing a housing shortage, but vacant homes are barely budging. The OECD‘s latest data drop shows 42 million of its 426 million homes are vacant. Yes, roughly one in ten homes in advanced economies are empty. There are literally years of housing supply being used as an alternative to gold. Rather […]. The post The World Has Millions of Vacant Homes, and 1.3 Million Are In Canada: OECD appeared first on Better Dwelling.

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Woman’s Dream Of Buying A Home Crushed After Opening Home Depot Card

Lighter Side of Real Estate

It’s one thing for a real estate agent to tell you about the dangers of buying big-ticket items (like a car), racking up your credit card bills, or opening up new credit cards until your mortgage is approved and closed. But it hits a whole lot closer to home when a home buyer warns you of the danger through tears of sadness. Watch Cassidy Gard’s emotional TikTok video about how simply opening a Home Depot credit card for a $9 purchase is likely going to cause her not to be able to buy a house.

Finance 145
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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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Tips For Researching a Home’s History

Realty Biz

Purchasing a new house is a complicated process, which requires time and a lot of care. To make it a safe and carefree process, there are several elements to consider before signing the actual contract. Although the immediate attention of any buyer goes towards the financial aspects, like loans and credit history, it is instrumental to thoroughly understand how to verify the history of the house you intend to buy.

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Sotheby’s International Realty Opens First Office in Jamaica

Sotheby's International Real Estate

Sotheby’s International Realty today announced that Reside Realty Ltd. has joined the network and will now operate as Jamaica Sotheby’s International Realty. The addition marks the brand’s continued growth in the Caribbean and comes at a time of increased interest in secondary and resort markets. The addition follows the brand’s recent expansion into St.

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Pros and Cons of Coming Soon Real Estate Marketing

Maximum Exposure Real Estate

Over the past year, a few of my clients have asked me what is coming soon real estate marketing and how it works. If you have paid much attention to the real estate market lately, you have probably noticed “Coming Soon” on the occasional yard sign or certain Zillow listings. The coming soon real estate […]. The post Pros and Cons of Coming Soon Real Estate Marketing appeared first on Massachusetts Real Estate Exposure.

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Study: 24% of sellers received four or more offers in 2021

Housing Wire

Nearly one quarter of U.S. home sellers received four or more offers on their home in 2021, according to Zillow’s latest consumer housing trends report. The rise in the number of homes that received multiple offers is reflected in the increased frequency of bidding wars in 2021. Typical sellers received two offers, which is the same as the past three years.

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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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Over A Quarter of Toronto Real Estate Is Bought By Investors With Multiple Properties

Better Dwelling

Investors are taking over Canadian real estate markets, especially in Ontario. Teranet, the private operator of the province’s land registry, looked at buyers from January 2011 to August 2021. Their analysis shows the largest segment of buyers is now multiple property owners. Armed with cheap money, these investors now represent one in four Ontario home […].

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Good News for Buyers—Housing Inventory Is at Highest Level of 2021

Lighter Side of Real Estate

There’s no denying that the recent market has been tough for buyers. Thanks to historically low inventory, many would-be buyers have been unable to successfully find and purchase a home. But it looks like that’s starting to change. According to the September Housing Report from realtor.com , available inventory in the United States (which the report defined as active listings on realtor.com without a contract) hit 646,053 homes in September—a high for 2021.

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What Do Property Encroachments Mean?

Realty Biz

Have you heard about encroachments in real estate and wondered what exactly that meant? You might think that you’ve found your perfect home, but a dispute with your neighbors can ruin the dream. Neighbor problems can occur for many reasons, but one source of problems can be encroachments. Perhaps you have a neighbor that either doesn’t realize or care that something they own is infringing on your lot.

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Lighten Up: 5 Homes with Standout Light Fixtures

Sotheby's International Real Estate

Whether they’re sculptural and contemporary or forged from Baccarat crystal, distinctive light fixtures make each of these homes shine. Magnificent Contemporary Farmhouse. San Francisco, California | Dana Cappiello, Sotheby’s International Realty – San Francisco Brokerage. This one-of-a-kind home is replete with showstopping spaces, each with unique details that include eye-catching light fixtures.

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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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Is Renting or Selling My Home The Best Decision

Maximum Exposure Real Estate

Rent Your House or Sell It? If you are thinking about leaving your old house behind for a different one – to upgrade, to downsize, to relocate, or for some other reason – you are probably thinking the same thing most people in your situation do: “Should I rent my house, or should I sell […]. The post Is Renting or Selling My Home The Best Decision appeared first on Massachusetts Real Estate Exposure.

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Top markets for affordable renovated housing inventory

Housing Wire

Skyrocketing U.S. home prices are quickly shifting the affordability calculus for prospective homebuyers in 2021 — even though mortgage rates have remained near record lows. The median home price nationwide in August increased 14.9% from a year ago to $356,700, according to the National Association of Realtors. August marked the sixth consecutive month where median home prices increased by double-digit percentages from a year ago.

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A Global Swiss Bank Named Toronto The 2nd Biggest Real Estate Bubble In The World

Better Dwelling

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.

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Market Map: 240 Real Estate Technology Companies Transforming Today’s Housing Market

GeekEstate

[Note from the editor: Originally published on Thomvest’s Blog ]. I’m excited to release Thomvest’s real estate technology market map, which includes more than 240 companies operating within the residential real estate segment. This is the third update to the market map and includes over 100 additional companies — a testament to the pace of entrepreneurship in this segment.

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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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House Selling Advantages During the Holidays

Realty Biz

Most people don’t want to be bothered with trying to sell a house during the holidays. For that very reason, you could do very well selling yours during this super slow part of the season. This is when there is the least number of competing sales in the market. Others don’t bother trying to sell their house during the holidays for many reasons. It could be because they are caught up in the festive and party atmosphere, have friends and family coming over, they don’t want potential buyers trudgin

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Uncorked: 5 Stylish Wine Rooms

Sotheby's International Real Estate

These wine rooms go beyond mere function, storing bottles properly while incorporating eye-catching materials—such as richly hued wood and ornate ironwork—to create spaces that are both practical and attractive. Classic Calistoga Hacienda. Calistoga, California | Jim Clopton & Arthur Goodrich , Sotheby’s International Realty – St. Helena Brokerage.

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Housing Share of GDP Steady During Third Quarter

Eye on Housing

Thanks to a surge in residential investment during 2020, housing’s share of GDP remains elevated compared to recent years. Last year’s market conditions involved a renewed focus on the importance of home, an evolving geography of housing demand, and a lack of for-sale inventory. Housing has continued to expand in 2021, although as the rest of the economy recovers, the housing.

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Millennials struggle to compete with boomers for homes

Housing Wire

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.

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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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People Are Fleeing Ontario For A Better Quality of Life In Atlantic Canada: RBC

Better Dwelling

Canada’s biggest bank found more people are trading life in the big city for Atlantic living. RBC economist Carrie Freestone crunched the numbers of interprovincial migration for Q2 2021. She found prime demographics are finding their way to Atlantic Canada. The migration was mostly from expensive provinces like Ontario and Alberta. Atlantic Canada Just Saw […].

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Due Diligence For Home Buyers: What You Need to Check

Maximum Exposure Real Estate

Check For Potential Issues When Buying Your First House Do you understand what’s needed for due diligence in real estate to be completed? If you are a first-time homebuyer, you are probably doing all the research to ensure you don’t make any mistakes. The homework you are doing now is essential because there is a […]. The post Due Diligence For Home Buyers: What You Need to Check appeared first on Massachusetts Real Estate Exposure.

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What are the benefits of using a property management team

Realty Biz

Being a property owner comes with its advantages, but it can also come with a lot of stress and headaches. It’s no surprise that many owners turn to a property management company to handle their vacancies, tenants, finances, maintenance, and much more. Property Value Market Diagram Concept. A property manager will become your strategic partner who works with you to relieve any day- today-concerns and challenges related to your property.

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Off the Beaten Path: 5 Rural Retreats

Sotheby's International Real Estate

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.

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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.