This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
There are still notably not a lot of sellers. But home sellers are gradually easing back into this housing market. Sellers are coming back to this housing market. In 2021 there were actually more total sellers, but at the peak of the frenzy, so many of those were immediate sales that they never get counted as active inventory.
The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. In this week’s Altos Research video, I look at how home sellers and sales are up, but that doesn’t mean prices will climb in 2024. Could we see new inventory from distressed sellers if we see a deep recession?
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. Your newsletter content should be a mix market updates, buyer and seller advice, community news and events, and storytelling.
Check out these nine downloadable real estate prospecting letter templates to help you make an impression in your neighborhood or zip code. We negotiated to get the sellers the highest price possible. There are still plenty of buyers interested in this area. Many of us are in sellers’ markets with very low inventory.
Last year at this time, we were seeing surprising home buyer demand with rates having fallen to the low 6s. We still see more sellers than last year. We are in the normal range with price reductions, meaning sellers are generally fine, generally getting their prices. More sellers with price cuts than a year ago.
Predictive analytics in real estate combines the use of historical data and algorithms to anticipate future market trends and identify potential sellers sometimes even buyers, too. Real estate agents can use this data to identify motivated sellers and people who are likely to buy a home. What does this mean for you?
You should have downloaded one of those open house apps HousingWire was telling you about. You log in to check your email, and responses from potential buyers at yesterdays open house are already waiting. This open house sign-in app automates your follow-up by sending emails for you and highlighting your most engaged buyers.
At HousingWire , we have a debate about whether home sellers will freeze up again this year as mortgage rates stay stubbornly high. We’ve had seller growth for 18 weeks in a row. More sellers means more sales. Will sellers retreat entirely, like they did last year? But will rates deter sellers also?
Open houses remain one of the best ways to showcase a property and connect with potential buyers. From tech-forward tools to smart follow-up strategies, there’s a sign-in solution here that can help you grow your business and build valuable connections with buyers.
Realtor.com is extending the reach of its buyer representation advertising campaign, according to an announcement on Monday. The listing portal argues that since sellers have an agent looking out for their best interests, buyers also deserve the same level of support.
The suspicion was that there were a bunch of sellers who were waiting to sell: Once rates fell these sellers would come rushing back to this real estate market and we’d finally see inventory grow. Second, because people think of home sellers as being locked-in by high interest rates. That’s 15% growth over the pace of 2023.
This is not a recipe to keep the home buyer momentum we saw building in December. Remember that the way to more selection for home buyers is with higher mortgage rates. Spring buyers’ market It’s the spring buyers market and inventory is falling each week. There are more buyers than sellers.
Inventory is slowly but steadily increasing over last year, which means slightly more options for buyers this spring. This implies that there are more than enough buyers at these prices and these mortgage rates to keep activity happening in housing. Each week sellers are easing back into the market a little more than last year.
Even as money is more expensive and there are more sellers than a year ago, we can also see slight home sales growth over 2023. New listings rise New listings continue to show us that more sellers are interested in this market this year. Each week we have more sellers and each week that inventory spread over last year keeps growing.
Sellers are coming back There are 499,000 single-family homes unsold on the market now. There are slightly more sellers each week. Last year, was marked by how few sellers there were. We can expect to have more sellers all year. Sales were held back for lack of sellers. Home price signals are increasing too.
When a potential buyer or seller lead searches for homes or a home valuation on Google, they are driven to your site by ads created and managed by Zurple’s advertising experts. How Zurple generates and automatically nurtures leads Here’s the four-step process Zurple uses to generate and nurture leads: 1.
In the face of so much rapid change and an often-frustrating lack of clarity from The Powers That Be, what the heck are you supposed to tell your buyers and sellers now?
When HomeServices of America reached a nationwide settlement agreement last week in the commission lawsuits filed by home sellers, it became the final defendant in the two original commission cases, Sitzer/Burnett and Moehrl, to do so. Dwiggins noted that unrepresented buyers also pose a major threat to the industry.
As consumers stopped actively looking for new mortgage products, “lenders may find success capturing purchase opportunities by leveraging a seller buy-down strategy to combat high interest rates that might prevent buyers from committing to a purchase,” the report said. Rocket launched a similar product in September.
Like you, as a real estate agent, I have prepared many reports analyzing pricing trends to help provide guidance to buyers, sellers and investors alike. For buyers , it can help them determine if the property they’re interested in is priced correctly and if it is a sound purchase. Download to multiple formats.
Real estate prospecting is a necessary activity for agents aiming to build a robust pipeline of buyer and seller leads. However, it often yields quicker results as it entails direct engagement with potential buyers and existing property owners. It could be next week, it could be next year. Why not join them?
We can see home buyer demand when rates are stable the 6s. Most years, inventory levels bounce around the year’s low in the winter months before starting to climb with fresh sellers in February and March. It can be hard to communicate this with buyers and sellers. That’s actually very normal for the last week of January.
You have all these buyers that have been waiting for rates to come back and now they’re back and all this becomes really competitive again.” The second project I’m working on is having a mobile app where the the client can download the app and use it to take care of their transaction. If people got rates of 7% and 7.5%
Follow this link to download a copy to your computer ( [link] ). It includes insights from CoreLogic economists to help appraisers and home buyers understand the market. Active listings also provide insight into current seller and buyer motivations. Pending sales can also help identify short-term shifts in market trends.
You can also offer downloadable lead magnets like your list of preferred appraisers, lenders, handymen or home stagers. Buyer and seller-specific landing pages: You’ll want a site that offers visitor-specific content pages. For example, if listings are scarce, you can filter for listing leads over buyer leads.
As energy efficiency becomes a more visible data point, it’s likely that this will become a marketing point for eco-conscious renters and buyers. Neighborhoods away from major cities will become more appealing to potential buyers who don’t want to lose great upload and download speeds just to find affordable housing.
Think of it as another concierge service to offer your buyers to help you stand out. The Houzz app is an excellent tool to add to your suite of buyer services, helping you stand apart as a professional home consultant–not just an agent.
Your niche could be anything from first-time buyers to downsizers or investors. I know It sounds counterintuitive, but think about it: if we met at a real estate conference, and I told you I work with buyers and sellers in the Boston area, you may or may not remember that in a few months. The more narrow your niche, the better.
Let’s look at this in a key discipline every mortgage, and real estate professional would want to practice as much as possible, to be as great as possible, to execute as consistently as possible – an initial conversation with a potential borrower (buyer/seller) who wants to buy a home and is inquiring about financing. And, that’s fair.
Download our checklist as a PDF below. Running an open house at a mansion might sound fun, but it wont help your business if you focus on new or move-up buyers. Why is the seller moving? After you turn on the lights and ensure the temperature is appealing, walk the property and view it as if you were the buyer.
The MA & NH package includes required Core Course, Buyer Agency, Financing, Disclosures / Seller Due Diligence, 1031 Exchanges, Code of Ethics, and Conducting Open Houses and Developing a Safety Plan. Textbook, downloadable e-Book, PDF presentation, Exam tip worksheet & 12 months of access to online education video library.
Includes multiple hotline-style Q&A and a download of the materials. Also includes access to a 42-pg Exam Prep Study Tool workbook Post-Licensing CE $50 Live Webinar via Zoom: Required 6 hrs of renewal coursework, including legal. Includes multiple hotline-style Q&A and a booklet.
Includes Business Ebooks, Career Resources, Downloadable Resources, Digital Flashcards, Real Estate Glossary, Study Schedule Pros + Cons Pros: Five-day trial with free unlimited access to all course content. Cons: You must have Zoom downloaded and installed on your computer/ laptop for Live Online portions of certain courses.
But buyers have been reluctant to respond. Higher home prices mean buyers have to come up with larger down payments. Cendejas is seeing renewed buyer interest now that it’s September, but said a lot of house hunters still want to see rates in the 5% range before they jump into the market. There’s no sense of urgency.
Pricing isn’t always a simple, straightforward process, and can often waste time and money and lead to frustration for both you and the seller. I find that when the seller prices at $599,000, you lose all the homebuyers who started their search at $600K.”. Click here to download. Mistake #2: Sizing up your neighbors.
Includes business eBooks, career resources, downloadable resources, digital flashcards, real estate glossary, study schedule. You’ll get 20+ “how to” videos to help you understand the fundamentals of the job, buyer and seller checklists, action plans and other helpful resources.
You may already be aware of iBuyers and what they have to offer prospective home buyers and sellers. But for those who want to understand what all the hoopla is about and what it entails for buyers, sellers and agents alike, here’s what you should know. What Is An iBuyer? iBuyers aren’t active in all U.S. iBuying FAQs.
Includes business eBooks, career resources, downloadable resources, digital flashcards, real estate glossary, study schedule. Audio learners can listen to classes on the go, while more visual learners can review and study key sections using downloadable documents and infographics. Livestream Course Package $549 Required 75 hrs.
Dale Schaechterle, the founding partner and CEO at Realty Executives Integrity , shares with Forbes that the services of a good real estate agent are essential for a first-time home buyer given the complicated network of mortgage rates and tax laws that they will have to navigate. Download for free here. Location, Location, Location.
You’ll get 20+ “how to” videos to help you understand the fundamentals of the job, buyer and seller checklists, action plans and other helpful resources.
During home shopping, most homebuyers want to know whether the current housing market is a seller’s market or a buyer’s market, along with how to get a good deal in a seller’s market. Buyer’s vs. Seller’s Market. These terms mean that the market either favors buyers or sellers.
Download the infographic here. Here’s a quick recap of why selling can be a smart move this spring: Springtime normally shows an influx of buyer activity. It’s an ideal time for sellers to take advantage. Sellers who may have been reluctant to list in the past few years are now considering it.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content