The Rule Follower
This fear occurs when someone is so dedicated, almost addicted to following specific rules or guidelines set by those around them. They are paralyzed by fear of breaking a rule, even if it's only a 'practice' and not a 'law'. They're easily intimidated by people more experienced and authoritative.
The net effect of this fear is that you are...
Key Highlights
According to CoreLogic Q2 2020 Home Equity Report, homeowners with mortgages seeing equity increase +6.6% y/y
Collective gain of +$620B since Q2 2019
Average individual gain of +$9,800 per homeowner
CoreLogic released its latest Q2 2020 Home Equity Report the third week in September. This report indicates that homeowners with mortgages, some 63% of all properties, have seen...
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Nearly 30M people missed at least one student loan payment during Q2 2020, nearly triple the 11M that fell behind on mortgage or rent payment
According to Mortgage Bankers Association Research Institute for Housing America, every additional $1K of student debt lowers homeownership rate by some 2%
Corroborates research done by National Association of REALTORS®
In a recently...
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Sales of existing homes ticked up to 14 year high
6M existing homes sold in August, according to National Association of REALTORS®
Wow! Wow!! Wow!!!
Existing home sales ticked up to a 14-year high in August. According to the National Association of REALTORS® (NAR), 6M existing homes were sold in August.
Download Your FREE Ultimate Agent Survival Guide Now. This...
Today Tim Harris sits down with real estate icon Michael Reese. Michael and Tim drill down on all the latest real estate trends including Zillow and Open Door. Listeners will appreciate the unedited, direct answers to the most pressing questions most agents have. Will agents be relevant in the future? Now that Zillow is a national brokerage, what effect...
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Mortgage Bankers Association (MBA) forecasting refinance activity as high as $1.75T
Strong wave of refinances driving mortgage origination volume to highest level in +15 years
Current boom in refis unequally spread across market segments
The refinance segment of the mortgage origination market has been driving volume to its highest levels in more than 15 years, according to the...
Key Highlights
End of July, 1.3M existing single-family homes for sale, lowest volume for any July going back to 1982, according to National Association of REALTORS®
Week ending September 12, total for sale inventory -29.4% from year earlier at lowest level since late 2017, according to Zillow Group
“Every year we think,” said Danielle Hale, chief economist for Realtor.com, “’We’re...
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New survey by digital marketing company Curaytor indicates 50% of agents to spend more on social media
30% of agents to spend less on leads from third-party portals or gatekeepers
Real estate marketing budgets in the second half of 2020 are beginning to look very different than those budgets did during the first half of 2020. In a...
Now that Zillow is finally admitting their intentions to open competing real estate brokerages across the nation, how will you react? What can you do to prepare yourself (and your real estate business) for the inevitable change in consumer behavior? Now, add in Open Door. Open Door appears to be ramping up to go head to head with Zillow....
Key Highlights
According to CoreLogic’s Single-Family Rent Index (SFRI), there an increase of +1.7% y/y in rent nation-wide for July 2020, down from increase of +2.9% y/y in July 2019
From average of rent price growth of +2.9% in Q1 to +1.7% in May and +1.4% in June, national rent price growth rate stabilized for first time since February
The...
