October, 2021

Goldman Sachs: Home prices will rise another 16% in ’22

Housing Wire

Home prices are currently up 20% year-over-year, but according to a new Goldman Sachs market forecast, they may not have reached their peak yet. Not even close. Goldman Sachs economists predict that home prices will grow another 16% by the end of 2022.

111,285 Reasons You Should Buy a Home This Year

Keeping Current Matters

The financial benefits of buying a home versus renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner.

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Remodeling Industry Confidence Improves Year over Year

Eyes on Housing

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.

Fannie, Freddie loan limits set for record 50-year leap in 2022


Lenders are betting that home prices kept skyrocketing during the third quarter, and that they'll be able to sell the bigger loans to Fannie and Freddie once the conforming loan limit officially goes up on Jan.

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Millennials are Determined and Prices are Soaring: The Step-by-Step Formula for Closing More Sales to Millennial Buyers Fast!

Speaker: Paul Moya - CEO, Millennial Labs, and The Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World

Join Paul Moya, CEO of Millennial Labs and the Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World, as he shares insights and information about the importance of understanding a buyer and how their needs change with each generation.

The 6 Best Methods for Finding a Rent-to-Own Home


Updated October 4, 2021. The typical home buying process goes something like this: You save up your cash , get preapproved for a mortgage , and put an offer on a house that fits your budget. The offer is accepted; then, you sign the loan, grab the keys, and move in.

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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.

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.

Falling Lumber, Concrete Prices Offset Steel Increases in September

Eyes on Housing

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.

4 multiple listing services unite to acquire Remine, replace CEO


Austin Board of Realtors, First MLS, Heartland MLS and Miami Realtors have formed a joint venture to buy the real estate tech firm and position it for future investments.

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Reimagining How Construction Companies Capture Progress Tracking

Speaker: Felipe Engineer-Manriquez, Christopher Gagliardi, George Hedley, and Jason Nichols

Join our esteemed panelists for their discussion on the importance of progress tracking which ultimately touches upon every digital aspect within the construction cycle. Our thought-leaders' years of experience on the job sites can help you build a better future at your company.

New mortgage proposed for low-income, first-time homebuyers

The Mortgage Report

A new bill in Congress aims to provide a hugely valuable boost to low-income first-time homebuyers. Find out if you might benefit.

Engel & Völkers Partner David Turner On Specialty Markets

Realty Biz

Engel & Völkers, one of the world’s leading premium real estate companies, announced recently the opening of its newest real estate shop in Sheridan, Wyoming. The new branch will be headed by David G. Turner, who’s a top producing real estate professional in this interesting region.

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%.

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.

August Single-Family Permit Gains

Eyes on Housing

Over the first eight months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 775,772. On a year-over-year (YoY) basis, this is a 25.8% increase over the August 2020 level of 616,856.

Mortgage rate projected to top 4% in 2022 as Fed tapering plan nears


The Fed could begin tapering as soon as November, adding momentum to market forces that have been pushing mortgage rates up in recent weeks. Markets & Economy Mortgage Uncategorized federal reserve home prices James Bullard Jerome Powell Michelle Bowman mortgage rates mortgage refinancing

Portsmouth Agent Soren Arn-Oelschlegel Shot and Killed by Client

RIS Media

A REALTOR® in Portsmouth, Virginia was shot and killed on Fri., 8 in what police are describing as a murder-suicide, according to local news agencies.

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.

Fannie Mae: Mortgage rates and home prices will rise in ’22

Housing Wire

Economists at Fannie Mae expect an increase mortgage rates and home prices in 2022 due to higher inflation , a tightening of monetary policy, and low home inventory. Fannie Mae in its October economic forecast said it expects the 30-year fixed rate mortgage to average 3.3% in 2022, up from 3.1%

Experts Agree: Homeownership Provides a Path to Long-Term Wealth

Keeping Current Matters

A recent survey from LendingTree.com found there are multiple reasons why Americans would choose to purchase a home instead of renting. Some of the most popular non-financial reasons given include: The flexibility to make the space your own. The pride homeownership offers. The sense of stability.

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Share of New Homes with Decks Drops Below 20 Percent

Eyes on Housing

Of the roughly 990,000 single-family homes started in 2020, only 19.3 percent included decks, according to NAHB tabulation of data from the Survey of Construction (SOC, conducted by the U.S. Census Bureau and partially funded by HUD).

‘It’s about time’: Agents cheer as Zillow braces for portal war in NYC


Agents across New York City were enthusiastic Thursday after CoStar-owned Homesnap and the Real Estate Board of New York announced plans to launch a search portal in 2022.

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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.

Oregon First-Time Home Buyer: 2021 Programs and Grants

The Mortgage Report

An Oregon first-time home buyer can access loads of support and assistance — often including cash help with their down payment.

The biggest risk to the housing market right now

Housing Wire

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.

The Main Key To Understanding the Rise in Mortgage Rates

Keeping Current Matters

Every Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey which reveals the most recent movement in the 30-year fixed mortgage rate. Last week, the rate was announced as 3.01%. It was the first time in three months that the mortgage rate surpassed 3%.

Stable Conditions for Construction Job Openings

Eyes on Housing

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.

Real estate agent fatally shot by 84-year-old client


Suffolk, Virginia, real estate agent Soren Arn-Oelschlegel was fatally shot over the weekend during a visit to a client's home. Arn-Oelschlegel was visiting Albert A. Baglione, who'd moved into his new home just a few days before the shooting on Friday evening.

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Beauty of Fall Decor

American Lifestyle

The post Beauty of Fall Decor appeared first on American Lifestyle Magazine. Autumn Decor Interior Design Autumn Decor Decorate Decoration Fall Home Help Home Tips Leaves

Nomad Homes Snags $20M in Funding: Well Invested? Let’s Wait and See

Realty Biz

In late September a UAE startup called Nomad Homes announced having raised $20 million in Series A funding. What makes this news interesting is the point of pain this new startup is supposed to solve. You see, not every country has an MSL system to help individuals buy or sell homes.