The Principles of Team Success, Part 3: Prosperity
ICYMI: Over the past couple of weeks, I’ve been outlining the key principles of successful teams. We started out with the importance of articulating a purpose—defining your “big whys” for being in real estate and starting a team. Then last week, we talked about what it means to be truly productive and how money making […]
New Mortgages Fall, Sparking Fears of Market Slowdown
A significant drop in mortgage originations for the second consecutive quarter has industry insiders worried, as borrowers appear to be shying away from both refinance and new purchase lending in what is traditionally a peak season, according to a new report from ATTOM Data Solutions. After dropping 3% in the second quarter of 2021, new […]
Government Funding Extended, Averting Shutdown
A potential government shutdown was avoided today following President Joe Biden signing off on legislation late Friday afternoon, extending government funding until Feb. 18. The bill-signing came following an eleventh-hour decision by Congress Thursday, before heading to the president’s desk today. The move also averted potentially devastating impacts on the real estate industry. December will […]
Pending Home Sales Climb 7.5% in October 2021
The pending home sales pace in October 2021 increased 7.5% last month but fell 1.4% from a year ago. www.nar.realtor – Research
Wedding vs. Homeownership: New Survey Measures Modern Priorities
Americans pressed pause on many milestones in 2020, but in 2021 they reignited plans to buy and sell homes. The real estate market is strong according to the National Association of REALTORS® and homeownership is top of mind for Americans. In fact, 82% of unmarried Americans would rather invest in a home than pay for a big […]
Rates Move Swiftly Lower Due to New Covid Variant; Delinquencies Remain Elevated
Just when it looked like the current week would fizzle out on a negative note for rates, our least favorite market mover is back in the news. B.1.1.529 (designated now as “Omicron”), a new covid variant hit the market like a ton of bricks on Friday morning. 48 hours earlier, Google had never heard of […]
How to Earn More Referrals This Holiday Season
Thanksgiving and Black Friday are now in our rearview mirror! Hanukkah starts today, and with Christmas and New Year’s right around the corner, now is the perfect time to reach out to your clients. Without regular touches, former clients could easily forget that you’re still an active agent in their area and may not […]
Delinquencies Still Double Pre-Pandemic Rate
Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 15.7 percent in October compared to a 17.4 percent gain in September. The portfolio balance at the end of the period was $ 3.179 trillion compared to $ 3.137 trillion the prior month and $ 2.669 trillion a year […]
Window to the Law: Criminal Background Checks and Fair Housing
Editor’s Note: This is part of a monthly video series from the National Association of REALTORS® (NAR) to inform and educate members about important aspects of being a real estate professional. Watch for this series each month in RISMedia’s Daily Real Estate Advisor. Overly broad bans on renting to individuals with criminal records may lead […]
American Pie: The Main Course for 2022?
There are now a record number of real estate professionals with a seat at the table eyeing a piece of the American real estate pie: a delectable dish made up of nearly seven million ingredients we call transactions, stirred in with a tasty sum of $ 85 billion paid in real estate commissions last year. […]