Think Real Estate Benefits is dedicated to supporting business employees, memberships, and groups by meeting their real estate needs with information and expert advice from local vetted professionals. Think Real Estate Benefits connects employees & members with our specialized panel of professional real estate advisors: Lenders, Attorneys, Commercial & Residential, Escrow & Title companies, to advise, support, and assist in making informative real estate decisions.
The advisors at Think Real Estate are here to help provide services in all facets of real estate.
Advisors can identify needs and addresses real estate concerns with progressive solutions. With Think Real Estate's comprehensive consulting program, employees, members, and group participants value the professional support they need to navigate their real estate journey with confidence and clarity.
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Residential Real Estate
1. Think Home Prices Are Going To Fall? Think Again (Residential)
Intro: Home prices skyrocketed in recent years because there was more demand than supply. As the market shifts, experts aren’t forecasting a drop in prices, just a slowdown in the rate of price growth. To understand what’s happening with home prices in your area, contact us!
Over the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners, it’s also caused some buyers to wonder if home prices will fall. It’s important to know the housing market isn’t a bubble about to burst, and home price growth is supported by strong market fundamentals.
To understand why price declines are unlikely, it’s important to explore what caused home prices to rise so much recently, and where experts say home prices are headed. Here’s what you need to know.
Click the link to see more:Think Home Prices Are Going To Fall? Think Again
Commercial Real Estate
2. Multifamily Rent Growth Across the Country Cools in Q2 (Commercial)
Intro: According to a new report from CoStar Group, the national year
-over-year rent growth was 9.2% in the second quarter of 2022, down from 11.4% in the first quarter
WASHINGTON--(BUSINESS WIRE) -- Today, CoStar Group released the findings from its second-quarter report on rent growth in the United States. According to the nationwide study, while demand is up 9.2% year over year, this figure is down from 11.4% at the end of the first quarter. These findings mark a continued downward trend in rent growth, with this now being the third quarter in a row of diminishing demand. The report also found that the vacancy rate is up 10 basis points, rising to 5% nationally.
Click the link to read more: Multifamily Rent Growth Across the Country Cools in Q2
Title Information
3. WHAT IS THE PRELIMINARY TITLE REPORT? (Title)
Intro: The Lawyers Title Preliminary Report is an offer to issue a policy of title insurance covering a particular estate or interest in land subject to stated exceptions.
Since these exceptions may point to potential problems with an intended purchase, it is important for all parties to review the report once it is received.
Click the link to read more about the title: WHAT IS THE PRELIMINARY TITLE REPORT?
Real Estate Loan Information
4. How to shop for and compare mortgage offers (Escrow)
Intro: Before you choose a mortgage offer, it’s important to shop around and compare multiple offers to get the best deal. In fact, borrowers could have saved about $300 a year, or $9,000 over a 30-year mortgage, had they gotten the best mortgage interest rate available to them, according to a Consumer Financial Protection Bureau study.
Before you begin comparing mortgage offers and rates, consider the kind of mortgage you want and what you can qualify for.
Click here to learn more about mortgage loans:How to shop for and compare mortgage offers
Legal Real Estate Information
5. Before Buying a Home in California, Here's What to Know (Legal)
Intro: From taxes to dual-agency relationships to disclosure requirements, California has some unique practices when it comes to purchasing real estate.
If you've never owned a home before or owned one outside California, realize that practices and procedures in this state are likely different than those you've encountered in the past. The good news is, it's a state whose laws are friendly to home buyers! Here's a primer of what's ahead.
Click here to learn more: Before Buying a Home in California, Here's What to Know
6. How Can I Apply to the Housing Choice Voucher Program (Section 8) (Lender)
Intro: The Housing Choice Voucher Program, also known as Section 8, is the federal government’s program for helping low-income families afford to house. Participants can choose housing that meets the requirements of the program and receive housing vouchers to help with their rental costs.
Curious about Section 8 housing? Below are five fast facts to better understand the Housing Choice Voucher Program to help you on your path to finding government assistance.
Click here to read more:How Can I Apply to the Housing Choice Voucher Program
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