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With Q4 in full swing, many realtors are seeing buyers and sellers paralyzed by high interest rates and stagnant inventories. Sean Shallis, a “Recovering Realtor” and top-producing loan officer , is offering strategies to help realtors break through this stagnation by leveraging micro-market shifts to create urgency and inspire action.
Buyers and showings are the most time-consuming pieces of the business. While managing listings can be relatively straightforward, handling multiple buyers requires a significant amount of time and effort. For instance, an agent can easily manage 30 listings simultaneously, but having just five active buyers can be overwhelming.
Jessica Lautz, deputy chief economist and vice president of research at the National Association of Realtors and upcoming speaker at the Housing Economic Summit, sat down with HousingWires Senior Director of Events Brena Nath to answer a few questions on what she thinks is to come for real estate in 2025.
The COVID-19 pandemic impacted the housing market like no event since the 2008 financial crisis, but some of the trends induced by the pandemic are starting to reverse. That’s evident in the annual profile of home buyers and sellers from the National Association of Realtors (NAR), which provides data on dozens of real estate trends.
HousingWire has partnered with New Hampshire Association of Realtors (NHAR) to bring original data, analytics and news to its members who are the voice for real estate in the state. We are committed to delivering the data, analytics, media, and events that advance this vision.
Denver-based Realtor Bret Weinstein took on a client whose house had been on the market for 60 days. If homes are priced appropriately and marketed well, buyers will make offers. The buyer] got a deal,” Weinstein said of the $600,000 purchase price. The buyers who are in the market are shopping for the usual reasons.
Joining and engaging with groups of fellow Realtors on Facebook should be a key tool in every agent’s toolbox. Many Realtors are using Canva to cut their marketing budgets in half. Join Realtor Networking & Social Media Tips 4. 188,000+ Realtors can’t be wrong! Join Canva Made Easy 3. Join Lab Coat Agents Referrals 9.
It also provides market analyses, a calendar of upcoming events and a list of taks to complete tasks. For buyers, the platform has their preferences for a home and relevant listings, which include both Compass exclusives and those on the local MLS. Sellers have access to all offers.
Ive used thank you notes in my business for over a decade and even received referrals from people Ive met at networking events because they were so impressed by my immediate follow-up notes! Buyer after closing Dear (Buyer Name), It was a pleasure working with you! Thank you and your team for organizing such a great event.
Thursday marks the one-year anniversary of the jury verdict in the Sitzer/Burnett commission lawsuit , which found the National Association of Realtors (NAR) HomeServices of America and Keller Williams liable for artificially inflating agent commissions. I’m looking forward to a little bit less eventful Halloween.”
When I first started in real estate , I thought my job was solely about helping buyers and sellers. Start with what matters to you Giving back can go beyond hosting large events or raising thousands of dollarsthough thats certainly an incredible goal. Kristi Badolato is a Realtor for Huntington & Ellis.
Defendants in the Sitzer/Burnett class action lawsuit, which deals with buyer brokers’ commissions, are facing two fewer claims. The past few weeks have been eventful for the Sitzer/Burnett lawsuit, as well as the larger Moehrl lawsuit in Illinois, which also deals with buyer-broker commissions. Bough, a U.S.
At the 2024 Keller Williams Family Reunion event in Las Vegas, co-founder and executive chairman Gary Keller took the stage on Tuesday and spoke to a room full of real estate agents about the importance of buyer agency agreements within the context of the ongoing antitrust lawsuits. You are being accused of not being transparent. “If
Americans continue to grapple with these fluctuating economic indicators, making the decision to buy or sell a home an enduring challenge, barring a life event forcing a transaction. This volatility has sidelined many potential buyers and sellers, who are opting to wait for a more stable market. year-over-year decline.
In its statement of interest, the DOJ claims that the changes MLS Property Information Network (MLS PIN) proposed for its commission rule “still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers. … When sellers make such offers, buyer brokers need not compete on price to attract buyers.’”
After a very difficult market for buyers who have had to contend with an atypical housing market in 2023, home shoppers will find more listings to choose from in 2024,” Lisa Sturtevant, Bright MLS chief economist, said in a statement. “At However, market activity is still projected to remain well below typical levels.
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.
After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.
Now we are looking at a two- to three- business-day process and the buyer may not like the numbers they get back.” For some buyers, surprisingly high insurance premiums are causing them to second-guess the property they have selected. “I Last year alone, NOAA data shows there were 28 $1 billion weather and climate events in the U.S.
At the height of the pandemic there were bidding wars and all that, but it didn’t seem impossible, but now it seems impossible to get our buyers into homes,” said Heather Corrigan , a RE/MAX Signature Homes agent based in Closter, a borough that is 24 miles north of Manhattan and renown for its schools.
The new rules mandated by the National Association of Realtors ‘ (NAR) settlement of class-action lawsuits related to buyer agent commissions take effect in just two days, and brokerages and MLSs are scrambling to find the best ways to implement them. Real is continuing to host live events.
Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The downshift in buyer behavior at the foreclosure auction came two months before the downshift showed up in retail housing market data. That was up from 40% a year ago.
After the series wraps, join us on May 30th for the HW+ Virtual 2023 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.
Everyone is talking about the National Association of Realtors (NAR) lawsuit settlement, and I have a few thoughts too. It’s important to cultivate objectivity and keep some things in mind about buyers, sellers, and concessions.
Bringing together some of the top economists and researchers in housing, this event will provide an in-depth look at their latest insights on the housing market, along with a roundtable discussion on how this information applies to your business. To register for the HW+ event, go here. April was National Fair Housing Month.
According to the National Association of Realtors, existing home sales for April’s housing market came in at 5,8500,000. Having the best housing demographics ever during the years 2020-2024, along with the lowest mortgage rates , gives you the best supply of replacement buyers ever. This sales trend looks very normal to me.
During this building phase, we also began ramping up our advocacy efforts, starting with the successful push for changes at the VA to help protect our veteran home buyers. “We Additionally, it entitles members to $20 off their 2026 renewal and 20% off all events the fledgling trade group hosts through the end of next year.
Buyers are facing unprecedented challenges, they say, due to a confluence of housing market conditions: Pricing. Redfin also reported this month that seven in 10 buyers — 70.4% — faced bidding wars in May. If you’re an FHA or VA buyer, you don’t stand a chance. So, what does this mean for buyers? Bidding wars.
Iowa Realtor Lori Bogle has a similar story. Their stories of perseverance are pitch perfect for this moment of anxiety and uncertainty in the real estate industry as a result of the $418 million settlement of the commission lawsuits by the National Association of Realtors (NAR). It’s an apt representation of the mood within the event.
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. It can also be quite valuable to hold these events on Zoom or through social media platforms.
After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. There are 23.4
After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business.
After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business.
The National Association of Realtors ‘ existing home sales report for September came in at an excellent beat of estimates at 6.29 Also, 2020-2021 will have more home sales from mortgage buyers than any single year from 2008-2019. Exclusive access to the HW+ Slack community and virtual events. Become a member today.
On the RealTrending podcast produced by HousingWire , host Tracey Velt chats with San Antonio-based Realtor Jessica Conrad in the final installment of JPAR Real Estate ’s four-part Settlement Strategy Playbook series. 17 business practice changes mandated by the National Association of Realtors ‘ (NAR) commission lawsuit settlement.
According to the National Association of Realtors, March’s existing-home sales came in at 6.01 HW+ includes weekly long-form digital content, HousingWire Magazine, access to HousingStack, and free admission to all HousingWire virtual events. Join today with an HW+ Membership ! Already a member? appeared first on HousingWire.
Although there is no doubt that business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement are going to impact how real estate industry professionals operate, economists aren’t too sure they’ll have much bearing on the housing market. “I
In the lead up to the Sitzer/Burnett real estate commission trial , the National Association of Realtors expected to prevail. “I But the events in the ensuing months since the NAR Accountability Project’s founding have led Haber to start legitimately thinking about creating an alternative trade group for real estate agents.
17, 2024 , has come and gone, and the real estate industry is still plugging along, despite the business practice changes mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement now being implemented nationwide. The landmark date of Aug.
Summary Planning your open house Marketing your open house Hosting your open house Open house follow-up ideas The full picture Open house ideas: Planning your next event Not every one of your clients wants or needs to hold an open house, but you can certainly play up your open house events to help you reach your real estate career goals.
Common real estate farming ideas include direct outreach via mail, email or direct mailers, but you can also host neighborhood social events, sponsor seasonal events and provide helpful real estate information resources to your community. Like all marketing, real estate farming is psychological.
While the news of the National Association of Realtors’ settlement agreement in the commission lawsuits may have created panic at some brokerages , local Realtor associations and Multiple Listing Services (MLSs) said they were not only anticipating the news but were prepared for it.
A post shared by The Agency (@theagencyre) Actionable Insights High-quality visuals can elevate your brand and attract more clients Showcase aspirational properties to capture the attention of luxury buyers 2. His style is a breath of fresh air among real estate content. If youre looking for a masterclass in market dominance, this is it.
The conversation also explores how portals can help navigate agent commission changes while shifting to buyer representation agreements before showings. He also makes note of a common interest rate system in which negative economic events would cause interest rates to drop, but now a positive global picture would lower rates instead.
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