October, 2020

Redfin faces lawsuit claiming it favors white neighborhoods

Housing Wire

The National Fair Housing Alliance and nine other housing organizations filed a lawsuit against Redfin on Wednesday, accusing the online brokerage of racial discrimination and favoritism toward predominately white neighborhoods.

A Homeowner’s Net Worth Is 40x Greater Than a Renter’s

Keeping Current Matters

One of the best ways to build your family’s financial future is through homeownership. Recent data from the Federal Reserve indicates the net worth of a homeowner is actually over 40 times greater than that of a renter.

Equity 252

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Bank of Canada Ending Pandemic Program That Helped Real Estate Prices Surge

Better Dwelling

On the day Canadian home sales and prices hit record highs, the central bank announces an end to the program partially responsible for the surge. The Bank of Canada (BoC) flooded the market with cheap mortgage credit in March.

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Cash Deposits When Buying a Home: What to Know

Point2Homes

Image: vinnstock / Shutterstock.com. Cash offers have traditionally been a great way to get a discount or encourage a reluctant seller. However, when it comes to mortgages, cash can suddenly lose its appeal. Nowadays, lenders want to know exactly where all your funds are coming from.

Brand Report: Three Months of Record-Breaking Home Sales

RIS Media

The streak of record-shattering home sales stretched to three months in September, as closings rose 21.1 percent from a year ago. On average, homes sold in a mere 39 days—a full week faster than in September 2019. Meanwhile, inventory plummeted 31.9

Extending the Season | The Tips and Tricks of Luxury Patio Design

Sotheby's International Real Estate

Helena, California | Ginger Martin , Sotheby’s International Realty – Wine Country – East Napa Street Brokerage. The word patio may bring to mind warm nights and seasonal produce on the barbecue, but there’s much to be said for outdoor spaces that can be enjoyed beyond the summer season.

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Why Pricing Your House Right Is Essential

Keeping Current Matters

In today’s real estate market, setting the right price for your house is one of the most valuable things you can do. According to the U.S. Economic Outlook by the National Association of Realtors (NAR), existing home prices nationwide are forecasted to increase 4.7% in 2020 and 4.1% in 2021.

Sales 252

RBC Just Forecasted Mortgage Defaults May Be Higher Than If The BoC Did Nothing

Better Dwelling

Canada’s largest bank is prepared for the wave of mortgage defaults coming. Wait… what defaults? RBC Capital Markets sent a research note to clients last week. In it, the analysts mention up to a fifth of deferred mortgages are at risk of default.

Banks 104

9 Comics That Show What It’s Like Being a Real Estate Agent

Lighter Side of Real Estate

Agents: Share articles like these with your branding on them. Learn More. Members: Sign in here to share this article with your branding. Sign in here. Not a member? Seriously? Learn how you can share articles like this one with your branding. Learn more.

4 New iOS Features to Boost Productivity

RIS Media

The new Apple iOS 14 update has caused a flood of images featuring aesthetic home screens and articles with detailed design tutorials. While the update is clearly recognized for its visual appeal, it also makes many tasks simpler.

Design 109

Inside a Hollywood Hills Hideaway

Sotheby's International Real Estate

As far back as the silent film era, the iconic residences of the Hollywood Hills have been home to noteworthy members of the entertainment industries.

Is 2021 a good time to buy a house?

Housing Wire

This year’s housing market has been plagued with low inventory, rising home prices, and endless bidding wars, making it hard for some would-be homeowners to get their foot in the door. Will 2021 be any different? Or, will it be a good time to buy a home?

Home Values Projected to Keep Rising

Keeping Current Matters

As we enter the final months of 2020 and continue to work through the challenges this year has brought, some of us wonder what impact continued economic uncertainty could have on home prices. Looking at the big picture, the rules of supply and demand will give us the clearest idea of what is to come.

Sales 234

RE/MAX Turns Bearish On Toronto Condo Prices, Expects Declines Soon

Better Dwelling

One of the world’s largest real estate brokerages sees near-term risk for Toronto condos. RE/MAX weighed in on the recent market, and observed what a lot of people are seeing – a booming detached market, and a lot of condo apartment supply.

6 ways tech lovers can spruce up their backyard

Zolo

From water features to fun lighting – there are plenty of ways to make your backyard tech-friendly. The post 6 ways tech lovers can spruce up their backyard appeared first on Zolo. Home Improvement smart home tech lovers

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Navigating Bidding Wars During a Hot Real Estate Market

RIS Media

As the real estate market continues its hot streak, homes are selling faster and receiving more offers than ever before. With listings receiving multiple offers, you have to make your client’s offer be the one that stands out.

Luxury Real Estate Headlines: Second Week in October 2020

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Palm Springs, California | Gerard Bisignano , Vista Sotheby’s International Realty .

Land 99

The housing market faced uncertainty in March, but now ‘it’s a circus’

Housing Wire

The housing market faced a lot of uncertainty when COVID-19 caused the real estate industry to pause under shut-downs, but low interest rates and the desire for more space has turned this year into a boom time for real estate agents.

The #1 Reason Not to Wait to List Your House for Sale

Keeping Current Matters

Many industries have been devastated by the economic shutdown caused by the COVID-19 virus. Real estate is not one of them.

Sales 243

Toronto Condo Rental Inventory Is Soaring, and It Might Be Driving People To Sell

Better Dwelling

Toronto condo rentals are seeing the most inventory in recent memory. Toronto Regional Real Estate Board (TRREB) data prepared by Toronto Realtor Daniel Foch shows rental inventory is still much higher than usual in September.

Sales 107

First-time home buyers guide: 23 first-time buyer questions answered

The Morgtage Report

Considering making the jump from renter to homeowner? This first time home buyer guide tells you what you need to know. Buying a home

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Buying Your First House: Tips For Buyers

RIS Media

When taking on any new project, the more you know and understand, the better things are likely to go. The same is true when buying a home for the first time. With our first-time buyer tips, you should be able to avoid many of the problems that can prevent your purchase from going well.

A definition of the term Starter Home and why no one should use it

The American Genius for Real Estate

(HOMEOWNERSHIP) You see the term in the MLS for fixer uppers. You hear it when Realtors are working with first time buyers. But the term "starter home" shouldn't be in anyone's vocabulary.

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Mortgage rates hit another record low this week

Housing Wire

The average U.S. mortgage rate for a 30-year fixed loan fell to 2.8% this week, another record low, Freddie Mac said in a report on Thursday. The rate fell one basis points from the week prior and is now six basis points lower than the original all-time low set in mid-September.

Real Estate Continues to Show Unprecedented Strength This Year

Keeping Current Matters

The 2020 housing market has surpassed all expectations and continues to drive the nation’s economic recovery. The question is, will this positive trend continue throughout the rest of the year, especially given the uncertainty around the current health crisis, the upcoming election, and more?

Equity 237

Renting an Apartment for the First Time

Point2Homes

Image: Antonio Guillem / Shutterstock.com. If you’re considering moving out of your parent’s home and into your first apartment, you’re probably pumped. Renting an apartment for the first time can be an exciting experience.

Negative Interest Rates Aren’t Good For Real Estate. They’re Actually Really Bad

Better Dwelling

Canadians are increasingly discussing negative interest rates. Since negative interest rate policy is unconventional, there aren’t many examples. Further, there isn’t much discussion from experts that understand the concept.

ULI Report: COVID-19 Accelerates Change in Real Estate Industry

RIS Media

Mortgage relief refinance programs for 2020

The Morgtage Report

Popular government mortgage relief programs like HARP and FMERR have ended. But there's one mortgage relief refinance left. Find out if you qualify. Conventional Loans FHA Refinance Mortgage Strategy Refinance USDA Loans VA Loans VA Refinance

The housing bubble boys blew it in 2020

Housing Wire

The NAR existing home sales report released today blew out all estimates with 6,540,000 in existing home sales. This epic headline punctured any bubbles the 2020 bubble boys had left in their arsenal. But before we get too excited, keep in mind we are still down 0.2%