Real estate companies are about to tell us just how bad the downturn is

Many of the industry's big companies are about to report their third-quarter earnings. The reports will offer the first in-depth look at how firms coped with a rapidly cooling market.

How to build a local Facebook group that actually generates leads

Developing highly successful and engaged Facebook groups takes time, commitment and a value-added perspective. Stacey Soleil shares tips from the best-of-the-best groups and the real estate agents who run them.

Your 2023 business depends on nailing this seller conversation

To flourish as the market changes, you must be able to persuade your sellers to price their homes correctly for market realities. Author and trainer Bernice Ross offers strategies and a script you can use to have difficult, but necessary, conversations.

Old, tired, out-of-style: 5 mistakes that are ruining your social media

Creating a strategy upfront isn't enough to keep your social media on point long-term, according to luxury marketing expert Laura Stace. Ensure that your social media presence is meaningful, engaging, and up-to-date by avoiding these common mistakes.

Widespread Racial Bias Found in Home Appraisals

Researchers found evidence of a persistent practice that gives higher values to homes when the occupants are white, and devalue them if the owners are people of color.

Haven scores $8M Series A to help mortgage servicers cross market

The latest funding round, led by Fifth Wall with participation by Fidelity National Financial, RWT Horizons and 1Sharpe Ventures, brings the total funding to date to $13.5 million.

Willie Nelson’s Former Tennessee Home Is on the Market for $2.5M

Getty Images / MLS via Realtor.com

Lots of local folklore surrounds a property once owned by country music legend Willie Nelson.

The 150-acre property is in Goodlettsville, TN, close to Nashville, and is listed for $2.5 million. It comes with pastures, woods, trails, and a secluded cabin.

The musician is one of only two owners of the sprawling property.

“From what we can find from tax records, there have only been two owners. One is the current seller and different members of that family. And the other is Willie Nelson,” says Ross Welch. Welch and Matt Lawson, both with Zeitlin Sotheby’s International Realty, are representing the property.









Continue reading

Rently’s latest technology ensures applicants find their way

The wayfinding technology assists people in navigating parking lots, interior walkways and around property grounds to arrive at the exact doorstep scheduled for showing.

Home prices continued to fall in September, buyer demand cooled

Home prices posted a 0.5 percent decline between August and September and were up 11.4 percent from September 2021, according to new data

Live the ‘Outer Banks’ Life: $3M Coastal Home in Town That’s Setting of Netflix Teen Drama

MLS via Realtor.com

A beautiful home has come on the market in the town that serves as the backdrop of the Netflix show “Outer Banks.”

TV producers are always on the hunt for interesting neighborhoods to film, so it’s no surprise, really, that the mystery teen drama is filmed in the Old Village Historic District in Mount Pleasant, SC.

The South Carolina beach town stands in for the barrier islands along the coast of North Carolina known as the Outer Banks on the Netflix show.

“The Old Village has a few shops and one of those old-fashioned pharmacies (Pitt Street Pharmacy) with a soda fountain … for that Americana, throwback feeling,” says Maison Real Estate’s Mary Lou Wertz.







Continue reading

NAHREP’s 10 Disciplines help Hispanic Realtors develop wealth

Broker and trainer Justine Jimenez Garcia shares how the National Association of Hispanic Real Estate Professionals (NAHREP) and its 10 Disciplines help Hispanic Realtors develop a path to personal wealth and optimal influence.

Forget the Sunshine State: This Small City in Pennsylvania Is America’s Best Place To Retire in 2022

Getty Images

As home prices have soared throughout the Sun Belt, many retirees are trading the warmer winters there for a more affordable lifestyle elsewhere.

U.S. News & World Report named Lancaster, PA, about 90 minutes west of Philadelphia, as the best place to retire in its 2022–23 annual rankings. Home prices in the snowier metropolitan area were a median $344,700 in September, according to Realtor.com® data. That’s significantly less than the national median price of $427,250.

Lancaster, PA

Getty Images

“Pennsylvania just edged out Florida,” says Emily Brandon, U.S. News senior editor for retirement. Retirees “still want to live near the beaches in Florida. [But] retirees and soon-to-be retirees told us this year that the thing that matters most to them is affordability.”


Continue reading

‘Godfather’ director Francis Ford Coppola’s island lists for $2.2M

Francis Ford Coppola has leased the island for the last six years but also rented it out to visitors when he and his family were not using it through The Family Coppola Hideaways tourism company.

What Is a Home Equity Line of Credit? HELOCs Explained

erhui1979/iStock

What is a home equity line of credit? If you’ve been looking for a way to get a little money out of your home without actually selling it, you’ve probably come across this option, known as a HELOC for short (pronounced “heelock”). Clear as mud, right? Now that you’re no doubt wondering what is a home equity line of credit going to do for me, let us clarify.

What is a home equity line of credit?

Like a Home Equity Loan (also known as a “second mortgage”), a HELOC allows you to borrow money using the equity in your home as collateral. But the thing that differentiates a HELOC is that it’s like a credit card: You can borrow on an as-needed basis, up to the loan’s limit, over the term of the loan (usually 5 to 20 years). In fact, your lender will actually issue you a small plastic card that looks just like a credit card, to allow you to access your money easily.

This works well for those who want to borrow money but don’t know exactly how much they’ll need, or for people who don’t need to borrow a lump sum all at once and will be paying for something over time —i.e. medical bills, college tuition, or major additions to their home.

For example, let’s say you want to add an extra bedroom and bathroom onto your house, and a contractor has given you an estimate that the project would cost $50,000 total. You could set up a Home Equity Line of Credit for $50,000, and pay for the materials, services, and labor over time, as the bills come due.

Continue reading

Jasmine Roth of ‘Help! I Wrecked My House’ Spots One Thing You Should Never See Right Inside a Front Door

HGTV

On “Help! I Wrecked My House,” host Jasmine Roth knows that it’s all too easy for homeowners to start a home renovation project—but then never quite finish.

That’s what’s happened in the latest episode, “You Don’t Complete Me,” where homeowners Audrey and Darin attempted some DIY upgrades around their house in La Palma, CA, got stuck halfway through, then gave up.

Throughout their house, Roth finds holes in walls, tiles pried off countertops, and exposed wires in the ceiling. Darin is a union pipe fitter trying to become a full-time longshoreman, and Audrey is a communications coordinator. They also have two young children. With so much going on, it’s no wonder their home projects stalled.

“They do not have any extra time to work on their house. Yet, for some reason, they keep taking on projects that are above their skill set and are way too ambitious,” says Roth.

A clever pool table that converts to a dining table, and bench that contains storage
Roth examining a porcelain counter slab
Custom hood and vent system
New, safe staircase
Your phone may have an app that works as well as any level.
Continue reading

After stable stretch, lumber’s roller coaster ride scales yet another hill

Lumber futures were trading at $454 per thousand board feet Monday after ascending to $539 per thousand board feet the week earlier, according to numbers tracked at Nasdaq.com.

JPMorgan rolls out its own property management platform

Story, a property management platform aimed at helping landlords, managers and tenants, is the banking giant's attempt to put JPMorgan at the center of a $500 billion rental housing industry.

Why Mortgage Rates Are So Darn High

Justin Sullivan/Getty Images

It makes sense that mortgage rates are up. But by this much? That requires some explanation.

Freddie Mac’s weekly average 30-year fixed mortgage rate has cracked 7% for the first time in two decades, a rise just shy of 4 percentage points from the end of last year. By contrast, benchmark 10-year U.S. Treasury yields are up around 2.5 points. What this means is that the gap—or spread, in financial lingo—between mortgage rates and Treasury yields has ballooned.

For the past decade, the spread between a measure of average national mortgage rates and 10-year Treasury yields has averaged 1.8 points, according to figures tracked by Autonomous Research. This year began right around that level. But with Treasurys yielding over 4%, the spread now at roughly 3 points is about as high as it has been this century.

Other times that the spread has seen comparable widening were in late 2008 and March 2020, when the financial crisis and pandemic, respectively, were driving investors to the haven of Treasurys. In both cases, the Federal Reserve stepped up to buy more mortgage bonds, bringing spreads and mortgage rates down, as spreads on mortgage bonds are a key component in the mortgage rates ultimately charged to borrowers.

Continue reading

Redfin’s Glenn Kelman has a theory on why housing prices are plunging

Investors, including iBuyers, that entered the housing market in 2020 and 2021 are at least partly to blame for the dramatic price correction playing out in 2022, Kelman said in a new interview.

How Much to Tip Movers After They’ve Hauled Your Stuff

Paul Bradbury/Getty Images

At the end of a long day of packing your possessions, labeling boxes, and fretting about moving everything from Point A to Point B, you might suddenly realize you have no idea how much to tip—you know, those guys who hauled your couch up three flights of stairs, along with all the other stuff you’ve accumulated in your lifetime. How much gratuity is customary for such service?

Generally, 15% to 20% is a customary tip in metropolitan areas, and 10% is on par for smaller areas, according to T.J. Peterson, digital marketing manager of Oz Moving & Storage, based in New York City.

Do you have to tip movers?

Yet tipping movers, like tipping any service worker, is a matter of discretion. In other words, if your movers took extra care when lifting boxes onto the truck or carefully wrapping your grandmother’s mantel clock, then show your appreciation with a nice gratuity. If the movers treated your possessions like junk, there’s no obligation to tip them at all.

“If you’re unhappy with your experience, you’re not obligated to tip,” says Peterson.

Continue reading
LikeRE Logo