More Analysis on Existing Home Sales
Today, in the Real Estate Newsletter: Existing-Home Sales Increased to 6.34 million in October Excerpt: Sales in October (6.34 million SAAR) were up 0.8% from last month, and were 5.8% below the October 2020 sales rate. Some of the increase in sales since the beginning of the pandemic was probably related to record low mortgage […]
October 2021 Foot Traffic
Showings declined in every region: Northeast region (-23%), Midwest (-17%), West (-17%) and South (-12%). www.nar.realtor – Research
4 Marketing Tactics Successful Agents Are Using…Now
Growing and nurturing your sphere of influence is a constantly moving target. With ever-changing algorithms, here are four tips successful real estate agents are using to grow their businesses. 1. Leverage Geography Use different location tags (neighborhood, etc.) on Instagram. When you alternate your location tags, it is a quick and easy way to reach […]
How to Manage Negative Online Reviews for Your Real Estate Business
Online reviews are essential for today’s real estate professionals. Whether you are a lone agent or you run an entire brokerage, your reputation and those of your agents are imperative to your day-to-day business. In fact, these reviews can affect not just gaining new leads and clients, but the relationships with your existing clients. But […]
Fewer New Homes Are Actually Complete When Sold
The Mortgage Bankers Association (MBA) is expecting that a higher volume of new home sales occurred in October than in the previous month, even as purchase prices rise. MBA says its Builder Application Survey (BAS) showed a 6 percent month-over-month increase in purchase applications even though they were down 15.2 percent from October 2020. That […]
Weekend Habits That Will Capture More Referrals
If you’re a successful agent, your weeks are usually extremely busy. You may want to keep up with former clients and earn new referrals as part of your workday to-dos, but with such little downtime, those thoughtful touches can fall by the wayside. One way to combat this issue is to make time for it […]
Register: How to Maximize Your Technology Arsenal
What: Contact management. Marketing automations. Future planning. Today, technology can help bolster every aspect of your real estate business. Because there are myriad solutions available, however, it can feel overwhelming to choose a tech stack that works with your specific needs. Tune in to RISMedia’s next webinar, sponsored by McKissock Learning by Colibri Group and […]
Delinquency Rates Drop Hundreds of Basis Points Year-Over-Year
The national delinquency rate has seen a massive improvement over the last year. The Mortgage Bankers Association (MBA) reports that, at the end of the third quarter of 2021, the rate was 4.88 percent of all outstanding loans. This is 59 basis points (bps) lower than the rate in the second quarter and a decline […]
Year-End Outlook: Labor Could Spark ‘Transformational’ Changes
Editor’s Note: RISMedia’s Year-End Outlook series provides an in-depth analysis of the housing market’s leading indicators for economic health, and showcases expert insights on what’s to come in 2022. Dolly Parton might still be plugging away at a nine to five, and BTO might still catch the 8:15 train into the city, but for most […]
MBS RECAP: Mixed Signals As Holiday-Shortened Week Begins
Posted To: MBS Commentary Mixed Signals As Holiday-Shortened Week Begins Bonds lost some ground today. 10yr yields were up roughly 4bps and MBS fared a bit better, losing only about an eighth of a point. That sounds like bad news at first glance, but there are a few silver linings. First off, rate sheets were […]