When you listen to Part 2 of '16 Hidden Sources Of Homes for Sale you will learn how to generate listing leads now from Centers of Influence, Past client and Sellers Wanted marketing. The simple fact is that proactive marketing always works, passive marketing rarely works. The year is half over, are you on track, behind or ahead for...
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According to the National Association of REALTORS®, existing home sales dropped -2.7% m/m in April
Red hot demand continues to spike home prices
Sales of Existing Homes Continued to Fall in April
For the third consecutive month, existing home sales declined in April 2021. The National Association of REALTORS® (NAR) reported that existing home sales fell -2.7% m/m.
Despite this April decline...
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UK home sales could total $652.6B in 2021
Home sales in Los Angeles stronger than ever since 2004
Deal Volume in UK Expected to Rise +68% Over 2019 Levels
Zoopla is forecasting that the value of all home sales in the United Kingdom during 2021 will reach L461B or US$652.6B. Such a forecast on deal valuations in the UK would...
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Judge affirmed broker fees legal last week
Whether or not broker helped tenant find listing, renter must pay broker one-time fee
NYC Tenants Must Shell Out Rent, Security Deposit and Broker Fee
We all know that New York City is one of the country’s most expensive rental markets. Even though the median price for a one-bedroom apartment in Manhattan...
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Pre-pandemic business models now past tense
Some pandemic practices and changes for the better
Old Normal Business Models Now Past Tense
Real estate’s New Normal remains a people business. However, some of the ways real estate serves its consumers have changed due to the COVID pandemic.
True, some of the changes we see in real Estate’s New Normal are technology...
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Median home prices hit $370,528 in April
49% of homes sold for over asking price
Home Prices Up +22% y/y in April
National median home prices hit $370,528 in April, a year-to-year increase of +22%, according to Redfin.
Sure, home buying and home selling came to a standstill in April 2020 due to the COVID pandemic but still…$370,528 is a...
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Market remains resistant to pandemic
Equity-rich homes up +31.9%; seriously underwater homes below 5%
One in Three Homes Equity Rich in Q1 2021
According to the latest Q1 2021 US Home Equity & Underwater Report by ATTOM Data Solutions, 17.8M residential properties in the US were considered equity-rich. The now total of $7.3T in home equity is a record...
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In low tax states, four people move in for every one who moves out
In high tax states, 2.5 people move out for every one person who moves in
State Taxes & Migration Patterns Linked
States with the lowest taxes have, over the last eight years, have had an average of four people moving in to the state from...
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Currently, housing supply at 1.1 month
43% industry experts predict uptick in second half of 2021; 26% say 1sthalf of 2022
Housing Supply Sits at Record Low
Currently, the nation’s housing supply sits at a record low of only 1.1 month.
Buyers, sellers, agents and investors alike have all experienced this record low. Prices have skyrocketed from 12% to 16%,...
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Skyrocketing lumber prices seen as major factor
April decline of -13.4% in housing starts followed March’s decline of -9.5%
Single-Family Housing Starts Fell -13.4% in Apri
According to the US Census Bureau and The Department of Housing and Urban Development’s latest New Residential Construction Report just released, single-family housing starts dropped -13.4% in April.
This April decline in single-family starts followed...
