Taking a Closer Look at Attorney Contingencies Vs. Agent Commissions
The recent antitrust lawsuit inadvertently highlighted something interesting during the trial. The plaintiffs’ attorney successfully argued that the whole real estate industry engaged in collusion and price-fixing. As real estate professionals, we know that isn’t true, right? Here’s the interesting part: Those attorneys who will be paid on contingency literally make their money in exactly… […]
Consumer Sentiment at Highest Levels in Years
The latest Fannie Mae Home Purchase Sentiment Index® (HPSI) shows an increase of 3.5 points in January to 70.7, its highest level since March 2022. Overall, the full index is up 9.1 points year over year. The index and its assessment are based on the following components: Do respondents think now is a good time… […]
California Regional MLS Now Offers Home Repair Estimate Tool TheQwikFix
California Regional MLS (CRMLS) now offers TheQwikFix, a service that allows agents to upload property reports and then receive detailed and competitively priced repair quotes from local, licensed contractors who are available to complete the job before or shortly after closing. To combat the time sunk into sourcing and booking multiple contractors to provide estimates… […]
Instant Reaction: Mortgage Rates, February 1, 2024
Mortgage interest rates ticked down slightly this week to 6.63% from 6.69% the previous week, down considerably from October 2023. www.nar.realtor – Research
Consumer Sentiment Continues to Gain Momentum
The latest Survey of Consumers from the University of Michigan finds that consumer sentiment in January remains relatively rosy, suggesting optimism about the economy as the new year gets underway. The Index of Consumer Sentiment, calculated by surveying consumers, currently sits at 79, a substantial increase both month-over-month (69.7 in December 2023) and year-over-year (64.9… […]
Quick and Easy Marketing Tips For REALTORS®
In real estate, effective marketing is the key to success. As a REALTOR®, implementing savvy marketing strategies can significantly impact your ability to attract potential buyers, showcase properties, and ultimately close deals successfully. We will examine quick and easy marketing tips tailored for REALTORS®. You will see everything from creating a robust real estate marketing… […]
Connecting, Inspiring and Empowering Women on the Path to Success
Above from left, Sue Yannaccone, Sherry Chris and Lindsay Listanski What Moves Her®, the advocacy organization designed to help women in the real estate industry, is making waves with its latest endeavor: the Balance Blueprint campaign. Spearheaded by Sue Yannaccone, the powerhouse behind Anywhere Brands and Anywhere Advisors, this innovative initiative aims to revolutionize the… […]
New York Home Prices Increased in 2023
OneKey MLS, which covers the southern counties of New York (the NYC metro area, Long Island, and Hudson Valley), has released its latest market report for the region. The report tracks both month-to-month (November to December 2023) and year-to-year (2022 to 2023) changes. For the latter, sale prices increased by 2.10%, rising from $ 590,000 […]