Finally, a Pause in Mortgage Rate Hikes
After several sharp spikes and nearly doubling over the last year, mortgage rates took a breather this week, decreasing from 5.81% the previous week to 5.7% this week, according to the latest Primary Mortgage Market Survey (PMMS) from Freddie Mac, released Thursday. Key findings: 30-year fixed-rate mortgage averaged 5.70% with an average 0.9 point as […]
Preparing for Winter in Fall
Autumn’s arrival means sweater weather, pumpkin flavored everything and getting the house ready for winter. Smart homeowners know that the perfect time to start preparing for cold weather is before the weather arrives. www.nar.realtor – Real Estate Story Ideas
Second-Home Hot Spots Become Rental Hubs
Average rental prices in popular second-home markets have climbed 17% year-over-year compared to 10% in other markets. www.nar.realtor – Vacation, Resort, and Second Homes
Manage Your Seller’s Expectations Through Seasonal and Market Adjustments
The No. 1 goal of a listing appointment is to obtain the listing. As late summer/early fall approaches, it’s a challenging time due to sellers having unrealistic expectations. They’re looking at comparable properties that recently sold, but were listed in the spring or early winter when there was much less inventory. Whether it involves price […]
Commissioned Study Shows That ‘Decoupling’ Agent Commission Is a Bad Bet for Consumers
What would happen if homebuyers were required to pay their real estate agents directly? That question may likely be on many people’s minds as several lawsuits aimed at the real estate commission structure persist. A recent study looked at the potential implications of indulging the proposed “decoupling” of agent compensation. It paints a bleak picture, […]
6 Proven Methods to Run Your Team Like a Brokerage
Most team leaders we coach want to accomplish work/life balance while running a highly profitable, growing and successful team with year-over-year increases in sales, revenue, marketshare and profit. This can be achieved, yet it requires many disciplines and systems in place in order to create results and incredible month-after-month growth and sustainability. Making the shift […]
Do You Know Who Your Competition Is? The Answer Might Surprise You
Last year, the National Association of REALTORS® reported more than one and a half million licensed agents in the United States—the largest number of associates to ever be active at one time. That is a lot of options for consumers, and one could argue that it is your competition. But is it? As a master […]
Yesterday’s Scripts Won’t Close Tomorrow’s Listings
The person that can change the most will succeed the most. In our fast changing, still highly competitive and shifting market, your agents need to be ahead of the shift, and it starts with taking a quick inventory of what strategies are effective and which are ineffective in today’s environment. Most of the time, real […]
Instant Reaction: CPI Inflation, July 13, 2022
Consumer price inflation is the highest in over 40-years and showed no sign of slowing down in June. It rose by 9.1% and is accelerating. www.nar.realtor – Research
National Association of Realtors® Announces Partnership With Rental Beast
NAR Announces Partnership With Rental Beast NAR members receive free access to Apply Now by Rental Beast, the secure FCRA-compliant online rental application and tenant screening engine. Media Contact: Spencer High 202-383-1051