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In this article, we’ve gathered 30 real estate text message scripts designed to help you connect with leads, nurture relationships, and get more deals to the closing table this coming year. Connect with seller leads Purpose: Build trust and start meaningful conversations with potential sellers. Can we discuss your goals?
The median list price of homes in the US is $435,000; the median price of newlistings is $435,900. The market action index is 37, indicating that there is a slight seller’s advantage. 89% of sellers used an agent to sell their home. 70% of sellers are repeat sellers, 30% are first-time sellers.
After the National Association of Realtors settlement changed how commission is paid, there was some fear among agents that buyers and sellers might forgo their services in favor of handling the transaction themselves. However, some sellers had complaints. For the most part, that hasnt happened. That can take many forms.
Traditionally, with the tracker articles, we talk about purchase application data and mortgage rates as well as inventory, but purchase app data isn’t given during the holiday week and not much happened in the bond market last week. What we want to see in 2024 is newlisting data growing in the spring season.
NAR total inventory data 1,250,000 One thing about purchase application data and demand is that a traditional seller is typically a buyer of a home. Since the end of June, we have seen that the home seller called it quits earlier this year than usual, and now the newlisting data is negative year to date.
Building on existing relationships is the quickest and easiest way to keep your pipeline filled with active buyers and sellers, so you dont have to worry about dry spells. In this article, weve compiled 49 compelling real estate newsletter ideas and subject lines. So, where do you start?
At the time of issuing its second CID, the DOJ stated that it believed that the policy restricts home-seller choices and precludes competition from newlisting services. Miller believes that agents who push sellers to use private listing networks are not doing their fiduciary duty.
9): Inventory fell from 550,302 to 536,409 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 so far is 569,898 For context, active listings for this week in 2015 were 1,050,971 The newlisting data has been trending at the lowest levels ever for 17 months now. Weekly inventory change (Dec.
Weekly housing inventory data — both active inventory and newlistings — are prone to one-week moves that deviate from a trend, especially if people are going Easter egg hunting. So, the fact that active inventory and newlistings data fell last week isn’t a big deal. However, for now, this is a plus for the U.S.
Now, new home sales have benefited more from lower rates than the existing home sales market: this trend in that data started over two months ago. This article is meant to help you understand how to read the new home sales data correctly, as that forward-looking tracking data is a bit different than the existing home sales market.
The number of newlistings coming on the market this spring is lower than it has been in more than a decade. Sales and new pending contracts are below pre-pandemic levels. Bright MLS’ recent survey showed that sellers in the Mid-Atlantic received an average of 3.4 Selective sellers. Who is selling right now?
Newlistings were trending at the lowest levels ever in 2023, but that should not be the case in 2024. Never forget most sellers are buyers of homes as well, especially if the economy isn’t in a job loss recession. Never forget most sellers are buyers of homes as well, especially if the economy isn’t in a job loss recession.
This article is part of our 2022 – 2023 Housing Market Update series. We’re not seeing any indication that there will be a surge of new inventory anytime soon. Home sellers are listing very few homes right now, probably because they have very cheap mortgages, and any new home they move into will have significantly higher payments.
The one thing that is positive this year which is different than last year is newlisting data is rising year over year, nothing spectacular, but it’s a positive story for housing This means we have more sellers that will be buyers in 2024. NAR tracks inventory different than we do here at HousingWire: they have 1.11
Listing and marketing properties is a complicated process. For every newlisting, you’ll be reminded when to tackle important milestones. Related articles 30 inspiring curb appeal ideas to make a lasting first impression 3. We recommend Top Producer for its CRM and transaction management tools.
Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale. Our tracker articles have a lot more details about the current weekly market and we publish those each Saturday. from December 2022 ($366,500).
However, what is different this year from 2023 is that we have more sellers that will be buyers. As you can see in our newlisting data, we are showing growth. Look for that tracker article every Saturday so you stay up to speed on what is happening in real time.
This article , which I wrote in 2019, does show you the historical work in the past decade on the housing bubble talk. Seasonal impacts are the norm with housing, and newlisting data is negative 6% year to date. We saw newlisting data decline when rates got to 6.25% the first time.
MLS connectivity: Connect your IDX-enabled website with your MLS and send listingsand listing details in marketing pieces. Marketing: You automatically receive a customizable property marketing package to promote each newlisting. Automatically add new online leads to drip campaigns with Market Leader’s marketing automation.
If you’re an agent, team or brokerage looking to keep a pipeline of qualified listing leads coming your way, SmartZip may the solution you need. SmartZip uses predictive analytics to pinpoint likely sellers from 6 to 18 months in advance, offering a huge advantage in today’s low inventory market. Automated marketing: Yes.
In this article, we’ll review Top Producer’s comprehensive suite of solutions and the benefits of each tool in the Top Producer arsenal. Property Insights help you save, note, and assign MLS property listings of interest to your clients within Top Producer’s CRM. All the packages listed can be customized.
The other big story with housing inventory is that newlisting data has been trending negative year over year since the end of June 2022. A traditional seller is also a traditional buyer, and certain homeowners have refused to buy their next home with mortgage rates above 6%.
Newlisting data collapsed, but we are putting an asterisk on that data line for this week. As I write this article, I see news that even Warren Buffet has been asked to chime in on how to deal with this crisis. Let’s wait two more weeks and see if this newlisting trend continues or just reverts higher.
In this article, we explore nine exceptional real estate lead generation companies that can supercharge your lead generation efforts, each with its unique strengths and limitations. SmartZip primarily benefits experienced listing agents, yet any agent willing to nurture seller leads can thrive with this platform.
In this article, we’ll share ideas and tips, including the best way to present newlistings and how to engage your followers with valuable educational content. Be sure to label on the photo or video that your post is a newlisting, as people may miss the caption while scrolling.
The newlisting data has been trending at the lowest levels ever for over 12 months now. The last thing we want to see is more sellers calling it quits faster than the current trend. To understand how I look at mortgage rates, the Fed, and the 10-year yield, I wrote this article last week to give a more detailed view.
Since that article, mortgage rates did fall from 7.37% to 6.12%, then went back up to 6.54%. However, weeks after that call, the newlisting data started to decline noticeably, which makes that call much harder to happen in 2023. My 2023 rates forecast In October, I wrote about the case for lower rates going into 2023.
Interestingly, the number of active listings has dropped every year since at least 2013. But it appears that we have hit the bottom when it comes to active listings. We can expect more listings in the future. Sellers are starting to realize that we are no longer in the same market as we were in 2020-2022.
Real estate prospecting is a necessary activity for agents aiming to build a robust pipeline of buyer and seller leads. In this article What is real estate prospecting? Best practices include creating and sharing valuable, relevant content that addresses common concerns or interests of buyers or sellers. Why not join them?
Virtual open houses are a unique way to help you stand out from other agents as a tech-savvy marketer and can help get your listings in front of hundreds (possibly thousands) of potential buyers online. In this article, you’ll learn the pros and cons of virtual open houses and the steps to hosting successful ones that result in more leads.
In this article, we will go over a few key marketing activities that must be operating simultaneously, with some helpful tips on how to prioritize them. Coupling this strategy with strong local networking maximizes the potential for finding such listings — plus helps you know the right buyer for every surprise listing you find.
If you target luxury buyers and sellers, it’s worth considering this investment, which also comes with the ability to choose a DIY or done-for-you build-out. It gives you a “first mover advantage”, providing robust follow-up tools that help you nurture potential seller clients with ease. The more authentic, the better.
The app’s bulk messaging and emailing feature is perfect for blasting out hot newlistings and price drops as soon as they come in. Related articles The 9 top real estate lead generation companies for 2024 The ultimate guide to real estate lead generation ideas for 2024 29 cutting-edge real estate marketing ideas for 2024
Additional services to level up your direct mail efforts include automated home valuations, customized QR codes for tracking, and full direct mail campaigns that include brochures and branded real estate letters for newlistings, open houses, FSBO marketing and more. each; letters: $1.18 each; brochures: $2.25 Happy mailing!
Good news for agents working with first-time home buyers on a budget: after nearly two years of ultra-low inventory and rising property values, small, affordable homes are starting to hit the market at a steady rate. According to a recent article in Business Insider , the month of July saw a 6.5%
In light of the recent NAR lawsuit outcome , seller leads are even more crucial. In this article What is circle prospecting? Companies like SmartZip can quickly and easily generate a list of potential home sellers based on data, not just a zip code. Buying leads is easy but expensive.
From virtual tours to real estate apps, it now takes less time and effort to communicate between sellers and buyers. Convert a pdf to a fillable form or easily create a new form from scratch–no code required. Buyers and sellers can be in completely different parts of the world and still access their contracts at any time!
" In a recent fortune.com article written on February 17, 2022, Tristan Bove wrote, "The inventory of homes for sale is down 26% compared to last year, and forecasters see a rough year ahead." Your agent should be reaching out to other agents to see if they have any sellers with homes that meet your criteria.
“Higher mortgage rates will end double-digit price growth and newlistings will hit a 10-year high,” predicts Redfin. ” Read the full forecast to learn about Redfin’s predictions regarding mortgage rates, supply and demand, new construction, home price growth, and more. ” Read the full review.
The Texas housing market has been a focal point of attention for potential buyers and sellers alike, especially as we approach 2025. This article will explore the current trends, offer insights on whether now is a good time to sell or buy, and present predictions for the future of the market. How Are Home Prices Changing in Texas?
One way to generate quality leads is by “contacting your sphere and letting them know that you are taking newlistings,” says Sherri. 2: Call expired listings. ” So get out your pipeline of potential buyers and sellers, she says. 1: Contact your sphere.
Whether it’s the buyer or the seller, they are the principals in your real estate deal. . Transaction coordinators get their fees from the seller. As an agent, you will have time to get more leads, meet with new clients, and network. You will be able to get newlistings and secure future income.
As a result, home buyers and sellers across Seattle/King County saw a mixed bag of activity in February, according to the Northwest Multiple Listing Service (MLS). About two-thirds of all King County listings sold last month at the list price or above, signaling a competitive environment and extending this long-running sellers’ market.
This may also be the case when working with sellers. For example, you may be working with a seller that doesn’t want to hold an open house or place a “For Sale” sign in their yard. If your seller still insists, then listen and respect their decision. This is also a great way to get new leads. Communication. Get Personal
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