Sunday, 26 January, 2020

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Luxury Real Estate Headlines: Fourth Week in January 2020 – Sotheby’s International Realty | Blog

01/24/2020 Erik Weinbrecht

Highlights from this week’s top news stories on luxury and global real estate , art, collectibles, and home. Washington DC | Troy Patterson & Eric Nicholson, TTR Sotheby’s International Realty  The 10,134-square-foot two-story loft occupies the top two floors of the historic Pierce School building, a former schoolhouse built in 1893 that was converted into nine residential units in 2012. NBA Player Dwight Read more…

First Impressions | 5 Homes With Incredible Doors – Sotheby’s International Realty | Blog

sothebysrealty

If the eyes are the windows to the soul, a door could be said to give a similar glimpse into a home’s personality. Though it may be just one detail amongst many, a front door creates a necessary barrier between the personal and the outside world, and allows homeowners to both welcome guests and retreat from public life. Likewise, interior Read more…

Video of the Week: The Tranquility of Camelot in Queensland, Australia – Sotheby’s International Realty | Blog

01/23/2020 Erik Weinbrecht

Featuring curated videos from the most sought-after destinations the world over, discover this  week’s Video of the Week. [embedded content] Queensland, Australia | Glenn Gracie, Queensland Sotheby’s International Realty  Inspired by the elegance of American coastal classic aesthetics, this five bedroom home tempers modern touches with timeless design. Set out over three levels, and showcased by flawless finishes and fixtures, including ornate coffered Read more…

Video of the Week: The Tranquility of Camelot in Queensland, Australia – Sotheby’s International Realty | Blog

01/22/2020 Erik Weinbrecht

Featuring curated videos from the most sought-after destinations the world over, discover this  week’s Video of the Week. [embedded content] Queensland, Australia | Glenn Gracie, Queensland Sotheby’s International Realty  Inspired by the elegance of American coastal classic aesthetics, this five bedroom home tempers modern touches with timeless design. Set out over three levels, and showcased by flawless finishes and fixtures, including ornate coffered Read more…

5 New Year’s Resolutions That Can Help You Buy a Home

12/21/2019 Amy Dobson

New year, new home? Whip your financial resume into shape to improve your home-buying odds. Thinking of buying a home this year? We compiled five New Year’s resolutions that can help you keep your financial resume in tiptop shape. 1. Avoid job hopping Employment history and income are two of the biggest factors lenders look at when evaluating a mortgage Read more…

Home Organization: Embracing Order in the New Year

12/20/2019 Amy Dobson

Tackle clutter and make your space work for you — with style. For many people, the new year represents a clean slate and brings a renewed sense of possibility and enthusiasm. It’s a wonderful time to get your home organized in anticipation of the busy months ahead. Effective storage solutions and organization systems will enable you to enjoy your home Read more…

The Hidden Reason Why House Prices Are Too High (And Income Growth Is Too Low) — Appraisal Creep

01/04/2020 John Wake

Does the typical appraisal protect you from overpaying for a house? If it doesn’t, what would that mean for house prices in general? A study looked at a particular set of 8,533 houses that Fannie Mae foreclosed on from 2012 to 2015 and where two appraisals were done on each house. The first appraisals were done right after Fannie took Read more…

The Real Estate Landscape In 2020: An Expert’s Predictions

Regina Cole

Humble, affordable homes will be at a premium as first-time homebuyers compete with downsizing baby … [+] boomers. Universal Images Group via Getty Images We have become disenchanted with “do-it-yourself” and discount brokerages, we don’t want fixer-uppers and we really don’t want very large houses that are in less than ultra prime condition. These are some of the trends Leonard Read more…

The 2010s: A decade that changed the way agents work – HousingWire

12/30/2019 Housing Wire

The 2010s marked a tectonic shift in the way real estate agents conduct business. It wasn’t the most tumultuous decade in real estate history. The 2000s have that distinction because of the record-setting crash that started in 2007. But looking at the way agents spend their days, few 10-year stretches have seen such change. Here’s a look back: Once upon Read more…

Amount of home showings rose significantly in November – HousingWire

Housing Wire

Recent analysis from Realtor.com suggested that spring homebuying season now actually starts in the middle of winter, but perhaps it’s starting even earlier than that this year. According to a monthly survey from ShowingTime Showing Index, November was the fourth consecutive month that home showings increased. This is the longest run of increasing showing activity since October 2017 through January Read more…

The Supreme Court could upend consumer financial protection as we know it

01/24/2020 brian coester

Richard Sharrocks A case before the Supreme Court has the power to dramatically reshape how the U.S. government polices financial fraud and other misdeeds against consumers — which many experts fear would weaken existing protections and expose the public to more harm. The case, which concerns the Consumer Financial Protection Bureau, could ultimately lead to the dissolution of the agency, Read more…

Start-up Bungalow brings new twist to living with roommates, and new funding could help it grow

brian coester

Alex Reading, 29, and Abhi Sanka, 25 were complete strangers when they each toured a five-bedroom home in Arlington, Virginia, a little over a year ago. But they decided to move in together, along with three other complete strangers. All of them had answered ads to rent one room in the home and share the common spaces. “It was perfect Read more…

Non-QM, Digital Tools; Population Shifts in Lending; Capital Markets

01/21/2020 brian coester

Everyone is aging, right? “I finally did it! I bought a new pair of shoes with memory foam insoles. No more forgetting why I walked into the kitchen!” People change, populations change, and loan officers must adapt. economists have revised 2020 growth prospects higher and revised down recession probabilities, many economic indicators are positive: consumer spending and confidence is high, Read more…

How do Rising Rates Affect Loan Performance?

12/21/2019 brian coester

Mortgage rates rose in October for the first time this year and that increase, while small, is reflected in loans that closed in November according to Ellie Mae’s Origination Insight Report. The average interest rate of loans originated during the month increased to 3.97 percent from 3.94 percent among the October crop. Most likely in response, the percentage of adjustable Read more…

The US Federal Reserve Has Canadian Real Estate Back In Bubble Territory | Better Dwelling

01/24/2020 Stephen Punwasi

Canadian real estate buyers are still feeling exuberant about the market. The US Federal Reserve Bank of Dallas‘ (Dallas Fed) exuberance indicator shows expectations are still high in Q3 2019. The index measures explosive price growth, that’s detached from fundamentals. Expectations are much lower than they were in 2017, but are still above critical levels. Exuberance Index The exuberance index Read more…

Vancouver Detached Real Estate Sees More Sales Than New Listings… Prices Still Drop | Better Dwelling

01/23/2020 Kaitlin Last

Greater Vancouver detached real estate buyers are jumping back into the market. Real Estate Board of Greater Vancouver (REBGV) data shows a big increase in sales for December. The increase in sales was accompanied by fewer homes for sale – but prices are still lower. Vancouver Detached Real Estate Prices Are Still Falling Greater Vancouver detached real estate prices are Read more…

Survey: Default Rates Expected to Grow

bcoester

Overall U.S. delinquency rates are at an all-time low at 3.6%, but according to the Annual Report on the State of the Default Servicing Industry from Altisource, servicing professionals expect the rates for certain loan types to grow—specifically FHA and private lender loans. Of the servicing professionals Altisource surveyed, 90% cited that their organization currently services FHA loans, up from Read more…

Smaller Cities Winning Big in Rental Demand

bcoester

Data from Zumper found that smaller cities on the outskirts of larger metropolitan areas are experiencing rent growth as affordability issues linger across the nation.  Oakland, California, saw a 62% increase in rental demand from 2018 to 2019, while San Francisco’s demand grew by 23%. The report states many renters are being priced out of San Francisco, with rental prices Read more…