January, 2021

Housing starts hit highest pace since 2006

Housing Wire

Single-family housing starts ended 2020 on a high note, rising 12% in December to a 1.338 million unit pace – the highest pace since 2006, according to the Census Bureau. That’s up 27.8%

3 Must-Do’s When Selling Your House This Year

Keeping Current Matters

It’s exciting to put a house on the market and to think about making new memories in new spaces. However, despite the anticipation of what’s to come, we can still have deep sentimental attachments to the home we’re leaving behind.

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Canadian Real Estate Prices Grew Over 25x Faster Than U.S. Prices Since 2005

Better Dwelling

Canadian real estate prices are growing to comical levels, as bad policy stacks up. Federal Reserve data shows real adjusted home prices increased at double the pace of the U.S in Q3 2020. As big as the gain is, it’s one of many times Canadian real estate prices have outperformed the U.S.

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Existing-Home Sales: Increase Reaches Highest Level Since Before Great Recession

RIS Media

December hit another historic peak for existing-home sales, experiencing the highest level since 2006 after rising 0.7 percent from the previous month. According to the latest data from the National Association of REALTORS® (NAR), year-over-year, existing-home sales increased 22.2 percent.

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5 ways to pay off your mortgage early: Pros and cons

The Mortgage Report

Here are five ways to pay off your mortgage faster. Plus, what to consider before putting your hard-earned cash toward early mortgage payments. Homeownership Topics Refinance

What is PMI: How to Get Rid of Private Mortgage Insurance

Maximum Exposure Real Estate

How to End Paying Private Mortgage Insurance What is PMI? Great question, right? Many people, especially first time home buyers, hear the term PMI and have no idea what it means. You will see the definition of PMI in a moment and, more importantly, how to terminate it.

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Owning a Home Is Still More Affordable Than Renting One

Keeping Current Matters

If spending more time at home over the past year is making you really think hard about buying a home instead of renting one, you’re not alone. You may be wondering, however, if the dollars and cents add up in your favor as home prices continue to rise.

Canada’s Economy Has Never Been More Dependent On Real Estate

Better Dwelling

Canada’s economy just became even more dependent on real estate. Statistics Canada (Stat Can) data shows residential investment soared to a record high in Q3 2020. The rate it’s grown over the past few months has far outpaced the economy.

Home Trends to Watch for in 2021

RIS Media

As 2020 caught us spending more time at home, homeowners began rethinking how they would use their homes in the new year. Some homeowners may even end up listing their current home to take advantage of the booming market and low inventory, in hopes of finding a home that will meet their new needs.

8 Major Home Design Trends That’ll Be Big in 2021, According to Redfin and Hunker

Redfin

This article is a collaboration between Redfin and Hunker . With a new-found love for our homes this past year, it’s likely you’ve racked up a laundry list of ways that you’d love to revamp your space. And what better time to refresh and upgrade your home than the New Year?

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How to Cancel or Update Your Change of Address

Point2Homes

Image: zimmytws / Shutterstock.com. Are you moving soon? If so, file your United States Postal Service (USPS) address change — either online or at a post office — in advance of your moving day.

Banks 101

Biden’s executive order will extend foreclosure moratorium

Housing Wire

Following his inauguration on Wednesday, President Joe Biden revealed that he plans to sign 17 executive orders his first day in office, including a further extension of the eviction and foreclosure moratorium to at least March 31.

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Why Right Now May Be the Time to Sell Your House

Keeping Current Matters

The housing market made an incredible recovery in 2020 and is now positioned for an even stronger year in 2021. Record-low mortgage interest rates are a driving factor in this continued momentum, with average rates hovering at historic all-time lows.

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RBC: Majority of Canadians Want To work-from-home, and It Will Change Cities

Better Dwelling

The vast majority of Canadians want to work-from-home, according to a new analysis from Canada’s largest bank. In RBC’s 2021 outlook, the bank’s economists note millions more now work-from-home as of last October.

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20 Best Cities To Invest In Real Estate In 2021

Norada Real Estate

Real estate remains an appealing asset class for investors because of the opportunity to earn recurrent income from rentals. If the market dynamics are optimal, your monthly rental income can fully offset the expenses associated with servicing your mortgage.

Must-Haves Every Real Estate Agent Needs for Their Home Office

RIS Media

With everything going on, you may be ready to get serious about creating your own home office if you didn’t have one before. If you’re looking for ways to improve your workspace, check out some of these tips below. Get an Idea of Your Workspace.

How to Sell Your House in 2021

Redfin

So, you’ve evaluated your finances, thought about your lifestyle and made the big decision to sell your home.

Prepare for the rise in mortgage rates

Housing Wire

As the calendar flipped to 2021, it didn’t take long for the rise in mortgage rates. Just two weeks into the new year, Freddie Mac reported that mortgage rates climbed 14 basis points to 2.79% , a dramatic contrast to 2020, a year in which mortgage rates set record lows 16 times.

What Does 2021 Have in Store for Home Values?

Keeping Current Matters

According to the latest CoreLogic Home Price Insights Report , nationwide home values increased by 8.2% over the last twelve months. The dramatic rise was brought about as the inventory of homes for sale reached historic lows at the same time buyer demand was buoyed by record-low mortgage rates.

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Millennials Are Fleeing Toronto, Canada’s National Stats Agency Confirms

Better Dwelling

Toronto’s millennials, and their kids, are moving to other parts of the province. Statistics Canada (Stat Can) data shows Toronto printed another net loss for intraprovincial migration in 2020. Tens of thousands more people left for other parts of the province than arrived.

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Buying a Foreclosed Home: How to Buy a Foreclosure

Maximum Exposure Real Estate

Tips For Buying a Foreclosure Over the years working as a real estate agent, many buyers have asked me about buying a foreclosed home. They essentially are asking how to buy a foreclosure. The appeal is that they’ve heard foreclosures are the bargain of the century.

Women in Real Estate

RIS Media

Understanding the Hurdles, Seizing the Opportunities. This article first appeared in Real Estate magazine’s special-edition Women in Real Estate issue. View the entire issue here.

Equity 101

Getting a mortgage without your spouse: What are the benefits and drawbacks?

The Mortgage Report

Thinking about buying a house or refinancing with only one spouse on the mortgage? Here are the major benefits and drawbacks to consider. Buying a home Mortgage Strategy Mortgage Vlogs

Need a real estate agent? Here’s how to pick the right one

Housing Wire

Let’s face it, if you’re a first-time homebuyer, you have a lot of questions about the home-buying process. That’s what real estate agents are here for. Almost 90% of buyers recently used a real estate agent or broker to purchase their home, according to the National Association of Realtors.

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4 Reasons People Are Buying Homes in 2021

Keeping Current Matters

According to many experts , the real estate market is expected to continue growing in 2021, and it’s largely driven by the lasting impact the pandemic is having on our lifestyles. As many of us spend extra time at home, we’re reevaluating what “home” means and what we may need in one going forward.

Canadian Mortgages Over 120 Days Past Due Rises At The Fastest Pace In Years

Better Dwelling

Canadian mortgage delinquencies are falling, except for people really behind. Canada Mortgage and Housing Corporation (CMHC) data shows the change of mortgages past due in Q3 2020. Most segments of days past due (DPD) show a sharp decline in the most recent reported quarter.

Congratulations to Principal Broker – Aryne Blumklotz

The Living Room

Congratulations To Aryne. She Is Now A Principal Broker! Our team is thrilled that Aryne is now a Principal Broker! This allows us to grow our team and serve you in new and exciting ways! Nice job, Aryne!

New Zillow Rental Policy Could Cost Industry ‘Tens of Millions of Dollars’

RIS Media

Last year, Zillow announced the launch of its own brokerage: Zillow Homes. Due to this, starting this year, rental listings syndicated through the MLS are no longer feeding directly to Zillow.

DACA home loans — FHA will now approve home loans for ‘Dreamers.’ Here’s how to get approved

The Mortgage Report

Thanks to a new policy, FHA is now accepting DACA home loans. Learn about the pros and cons of FHA loans and whether you qualify for financing.

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Three reasons there won’t be a 2021 housing market crash

Housing Wire

2020 came, and with it COVID-19. Five weeks into the crisis, demand in the U.S. housing market bottomed and then after about nine weeks, began to climb again, with purchase applications making a full V-shaped recovery by early June.