Sunday, 25 August, 2019

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Customer Retention, Broker Products; Yield Curve and Mortgage Rates

08/21/2019 bcoester

Congratulations to Hawaii which became a state fifty years ago today. We’ve had plenty of economic cycles, small and large, in fifty years, although in general rates have been coming down since 1981. And we’ve had a flat or inverted U.S. yield curve for several months. Inverted yield curves don’t cause a recession: Two consecutive quarters of negative growth is Read more…

Share of Custom Home Construction Remains Flat

bcoester

Residential construction has been famously slow for several years and some new analysis of Census data by the National Association of Home Builders (NAHB) shows that the lack of robustness is shared in the custom home sector.  In an Eye-on-Housing blog article, Robert Dietz, NAHB Senior Vice President and Chief Economist says custom home building has been effectively flat over Read more…

Refinancing Wave Continues; Lenders May Have Capacity Restraints

bcoester

The volume of mortgage applications continued to be shored up by refinancing during the week ended August 16, but overall activity was down. The Mortgage Bankers Association (MBA) said its Market Composite Index slipped 0.9 percent on a seasonally adjusted basis, perhaps not surprising after it soared 21.7 percent the previous week.  On an unadjusted basis the Index fell by Read more…

MBS RECAP: Bonds Reject Bad Break, But What’s Next?

bcoester

Bonds were breathing easy by the time the domestic session got underway.  Before that, they kicked off the overnight session in lower yield territory.  Modest gains meant a friendly break below the potentially troubling resistance trend that had developed over the past 2.5 days.    Pictures are worth more than words here, so here is an hourly 10yr candlestick chart as Read more…

Creating a Home(work) Station That Gets Top Marks

08/22/2019 bcoester

Good study habits are easier to build when you have a dedicated and attractive spot to hit the books. When was the last time your home workspace or study station inspired you? For most people, the answer is, “Not recently.” Whether you’re prepping an area for your work-from-home days or setting up a spot for young scholars to study , Read more…

Don’t Believe These 5 Myths About Real Estate Agents

08/02/2019 bcoester

Buyers and sellers often enter the market with misconceptions about real estate agents – how they work, how the process works and what the agency relationship is all about. It’s helpful to point out, without getting too far into the weeds, that in any one real estate transaction, there are most likely two agents: one for the buyer and one Read more…

Renting a Self-Storage Unit? Here’s 7 Ways to Prevent a Disaster

08/04/2019 Diana Hembree

Woman getting belongings ready to move into storage Credit: Shutterstock Moving is stressful enough without having to deal with the loss of irreplaceable family treasures. But that’s what happened to Sid Barrett and his family when they moved from Atlanta to Taos, New Mexico last year. Barrett said that after charging him “a fortune” to store his pod full of Read more…

How $20M Homes Will Break Price Records And Transform A Historic Downtown, One Sag Harbor Developer Speaks

Amy Dobson

Water Views Bespoke Marketing “I gave up 60 percent of my development rights,” said Jay Bialsky, principal behind a forthcoming development on the waterfront in downtown Sag Harbor. The entire 1.94 acre site has sat for the past 13 years without any developer being able to get past the Architectural Review Board, but the now-approved plans made it through the Read more…

Freddie Mac: Despite economic headwinds, mortgage rates hold steady at 3.6%

08/15/2019 bcoester

This week, the 30-year, fixed-rate mortgage held steady from one week prior, averaging 3.6%. This rate sits significantly lower than its 2018 average of 4.53%, according to the Freddie Mac Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said the sound and fury of the financial markets continue to warn of an impending recession, however, the silver lining is that Read more…

Homebuilder optimism rises in August, but not enough to dispel affordability concerns

bcoester

Although homebuilder confidence rose one point to 66 in August, market affordability continues to threaten future growth, according to the National Association of Home Builders/Wells Fargo Housing Market Index. “Even as builders report a firm demand for single-family homes, they continue to struggle with rising construction costs stemming from excessive regulations, a chronic shortage of workers and a lack of buildable lots,” NAHB Read more…

Opendoor and Redfin Partner to Provide More Options to Home Sellers

07/12/2019 bcoester

Opendoor and Redfin, two of the nation’s largest technology-powered real estate companies, today announced home sellers in Phoenix and Atlanta can now request an Opendoor offer through Redfin’s site and mobile apps. By coming together, we are giving homeowners more options for selling their home in a simple and convenient way. Redfin will also continue to expand RedfinNow, its own Read more…

Just 1 in 8 Home-Purchase Offers Submitted by Redfin Agents in June Faced Competition, Down from 1 in 2 a Year Earlier

07/10/2019 bcoester

In San Jose, the change is even more drastic, with just 6% of Redfin offers facing bidding wars last month, down from 74% in June 2018 The housing market in San Francisco tapped the brakes in June as just 28 percent of offers written by Redfin agents on behalf of their home-buying customers faced a bidding war. This was down Read more…

Inspired by Travel | How to Bring the Colors of Marrakesh Home – Sotheby’s International Realty | Blog

08/24/2019 Erik Weinbrecht

Photo courtesy of Jon Chica / Shutterstock Inc Bahia Palace. Majorelle Gardens. The Koutoubia Mosque. From kaleidoscopic zellige tilework to rainbow-hued spice souks, every turn in the ancient kingdom of Marrakesh is a veritable feast for the senses, blooming with color. Below, how to bring home the opulence and elegance of Marrakesh, inspired by the myriad colors to be found Read more…

Video of the Week: Unparalleled Modern Villa in Primosten, Croatia – Sotheby’s International Realty | Blog

08/23/2019 Erik Weinbrecht

Featuring curated videos from the most sought-after destinations the world over, discover this  week’s Video of the Week. [embedded content] Marko Pažanin, Croatia Sotheby’s International Realty Opal Cove Resort is a luxury resort complex consisting of seven modernly designed villas that represent the perfect fusion of minimalist architecture and the captivating natural surroundings. Located in one of the most alluring Read more…

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