Sat.Sep 11, 2021 - Fri.Sep 17, 2021

Red-hot US housing market begins to cool

Housing Wire

Though the demand for homes remained strong across the United States in August, there are clear signs that the housing market is past its peak. A report from residential brokerage Redfin found that pending sales across 400 metro areas were up 6% year over year in the four weeks that ended Sept.

5 Tips for Making Your Best Offer

Keeping Current Matters

In today’s sellers’ market , standing out as a buyer is critical. Multi-offer scenarios and bidding wars are the norm due to the low supply of houses for sale and high buyer demand. If you’re buying this fall, you’ll want every advantage, especially when you’ve found the home of your dreams.

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Do it the old-fashioned way: Grow your business organically

Inman

You may find a paid lead gen needle in the haystack. However, here are some tips to help you grow your business organically. Agent Sponsored Do it the old-fashioned way: Grow your business organically iron valley real estate real estate marketing

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Mortgage Refinancing Activity Tapers in Latest Month

Eyes on Housing

The last four weeks’ mortgage purchasing and refinancing activities, as reflected in the Mortgage Bankers Association’s (MBA) latest weekly application surveys, shows a general withdrawal of refinancing and a very slight increase in purchasing from the prior month.

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.

Mortgage rates still flat at 2.86%

Housing Wire

The average 30-year-fixed mortgage continued to hover around the 2.86% mark for the week ending Sept. 16, according to Freddie Mac ‘s latest PMMS survey. Mortgage rates have been around that mark for roughly two months, leading economists at Freddie Mac to liken it to “Groundhog Day.”

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The Meaning of Active Under Contract Explained

Realty Biz

What is Active Under Contract? In some places, active under contract indicates that a contract has been signed but is contingent on certain conditions being met before the sale is finalized. In other locations, the sale may be referred to as being contingent in the multiple listing service (MLS).

CPI Growth Slows in August

Eyes on Housing

In August, consumer prices increased at its slowest pace since February 2021. Prices for several travel-related categories declined in August, as the delta variant spreads. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose by 0.3%

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Sandra Thompson should be the permanent FHFA director

Housing Wire

Amid all the rumors that President Biden might be nominating a new FHFA director , the acting director has been doing something that all should pay attention to. Sandra Thompson has been deliberately fixing all of the flawed steps of her predecessor.

Why It’s Still Safe To Sell Your Home

Keeping Current Matters

If you’re on the fence about whether or not you want to sell your house this year, there’s good news. Real estate professionals are highly experienced in how to sell houses safely during the pandemic.

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.

Keller Williams icon and bestselling author Dave Jenks dies

Inman

Dave Jenks helped lead Keller Williams through a pivotal period of growth, co-wrote two bestsellers and helped scores of real estate professionals build successful careers.

Women Make Up 10.9% of the Construction Workforce

Eyes on Housing

The number of women employed in the construction industry grew slightly in 2020, rising to around 1.17 million, while the construction industry lost 587,000 jobs in 2020 when the pandemic hit the economy. Currently, women make up a growing share of the construction employment, up to 10.9%

How demographics shaped the housing market in 2021

Housing Wire

As we come to the end of 2021, we also approach the end of another year living with COVID-19. The year 2020 was one of the most chaotic times in recent history.

The Truth About Today’s Buyer Demand

Keeping Current Matters

When it comes to the latest news in real estate , there are a lot of sensational headlines in the media. In times like this, when it can be hard to know what to believe, put your trust in the experts.

What not to do before buying a house: 7 Mistakes to avoid

The Mortgage Report

Here are 7 things you should never do before buying a house. Follow these best practices to give yourself the best shot at mortgage approval and a low rate. Buying a home First-Time Home Buyers

Billion-dollar Bellevue brokerage joins ERA Real Estate

Inman

One of Bellevue, Washington's oldest and largest family-owned brokerages RSVP Real Estate has joined ERA, according to a joint announcement on Thursday.

The purchase mortgage market continues to pick up steam

Housing Wire

Mortgage loan application volume rebounded from the week prior, increasing by 0.3% for the week ending Sept. 10, according to the Mortgage Bankers Association’s weekly report.

Number of Bathrooms in New Homes

Eyes on Housing

The Census Bureau’s latest Survey of Construction (SOC) shows changes in the shares of the number of bathrooms and half-bathrooms of single-family homes started in the United States in 2020.

Mortgage Applications Reach Highest Level Since April

RIS Media

Mortgage applications increased 0.3% from the previous week, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association (MBA) for the week ending Sept. 10, 2021. This week’s results include an adjustment for the Labor Day holiday.

Pacaso backlash draws on amid latest funding round

Inman

Pacaso's new cushy pot of cash and investor backing can't buy away the company's troubles with some vocal protesters located in Northern California.

Pacaso’s plans to “democratize” second-home ownership

Housing Wire

Real estate startup Pacaso announced Tuesday that it has raised $125 million in its recent Series C funding round, giving it a $1.5 billion valuation. This announcement comes less than six months after the company raised $75 million , bringing its total amount of capital raised to $215 million.

Price Index for Inputs to Residential Construction Declines in August

Eyes on Housing

Prices paid for goods used in residential construction ex-energy decreased 0.7% in August (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics.

Touring an Open House? Here are 8 Things to Look For

RIS Media

When you’re searching for your dream house, you’ll likely spend a good chunk of time touring open houses—and while you may have a list of ‘must-haves’ or ‘no-no’s’ in mind, it’s easy to be distracted by color and/or other cosmetic touches that keep you from noticing more critical factors.

DOJ quietly resumed NAR probe days after settlement withdrawal

Inman

In a 418-page petition filed Monday, NAR contends the antitrust regulator swiftly reopened its investigation into the Clear Cooperation Policy and buyer broker commissions in July.

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Servicer call volume up as borrowers exit forbearance

Housing Wire

After a slight lull , forbearance numbers across the board have started to lurch downwards, with the total number of loans dropping by 15 basis points to 3.08% as of Sept. 5, according to the Mortgage Bankers Association ‘s latest survey.

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Custom Home Building Share Declines

Eyes on Housing

According to data from the Census Bureau’s Survey of Construction (SOC), the custom home share decreased to 17.8 percent of all single-family homes started in 2020—the lowest the annual custom home share has been since the 2005 re-design of the SOC.

Lower rates coming for investment properties, second homes

The Mortgage Report

Investment property and second home loans should be getting cheaper, as the FHFA has paused a rule that was increasing rates and fees. Mortgage Rates Real Estate News

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Pacaso expands to Miami and Fort Lauderdale

Inman

Pacaso, the luxury home co-ownership program launched by Spencer Rascoff and Austin Allison, is branching out into South Florida. Luxury Luxury Lens News Brief Property Portfolio austin allison compass google Josh Dotoli luxury lens Pacaso spencer rascoff Zillow

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Biden nominates Alanna McCargo to be Ginnie Mae prez

Housing Wire

Alanna McCargo, senior advisor at the Department of Housing and Urban Development , has been picked by the Biden administration to head Ginnie Mae. The position of GNMA president has notably sat vacant for close to five years, with Ted Tozer, the last permanent president, resigning in 2017.

July Single-Family Permit Gains

Eyes on Housing

Over the first seven months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 681,949. On a year-over-year (YoY) basis, this is a 29.7% increase over the July 2020 level of 525,623.