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Redfin has conducted a survey of its agents across the industry to gauge key insights into the challenges and opportunities facing todays realestate professionals. In its 2025 Industry Survey , Redfin dug deeper into how realestateagents view their careers, the housingmarket, and other hot-button industry issues.
Its hard to imagine something more disruptive to a housingmarket than a hurricane. 9, housingmarkets in the Tampa area came to a complete halt as sellers took their homes off the market. 9, housingmarkets in the Tampa area came to a complete halt as sellers took their homes off the market.
Despite the frequency of departures, realestateagents in the state say the housingmarket remains strong. We are still experiencing the multiple-offer phenomenon, although it is not quite as prevalent as it was a year ago, said Linda Feinstein , a Hinsdale, Illlinois-based agent for Compass. as of Jan.
The housingmarket got some much needed relief in the fall when mortgage rates began to drop, but it was short lived. The turbulence in rates has trickled down to individual markets like Cincinnati, where realestateagents say they dont know what to expect from sale to sale.
To answer that, we’ll take a deep dive into the differences between the many types of realestate professionals, including a realestateagent and a realestate broker. Summary What is a realestateagent? What does a realestateagent do? Let’s dive in!
That’s what realestateagents are here for. Almost 90% of buyers recently used a realestateagent or broker to purchase their home, according to the National Association of Realtors. A realestateagent is a licensed professional who can guide you through the homebuying process.
It’s a weird time to be a realestateagent , and I see it all around me here in the Denver metro. Brokers who rode the proverbial wave of realestate during the pandemic and have now had to reroute or pivot to figure out how to navigate a market that was once boasting the lowest rates in decades are disoriented.
Housingmarket inventory is low right now. Low inventory means fewer choices for homebuyers, but for years enterprising realestateagents have worked around tight market conditions by searching for off-market homes that fit their clients’ specifications. Historically low.
A majority of agents believe 2025 is going to be a great year for the housingmarket. Around 85% have an optimistic outlook , and 70% believe the market will be more stable, according to a new survey from Clever RealEstate. That will likely make it a busy year for realestateagents.
As Americans ditch urban cores for roomier abodes in the suburbs, realestateagents say the list of must-haves has changed: buyers are looking for pools, home offices and makeshift learning centers. Buyers “are still holding out for those things that they feel are important for the house,” Trusler said.
You might have heard about AI in sci-fi movies or tech conferences, but do you know that it’s a game-changer for realestateagents too? Artificial Intelligence (AI) is your secret sauce to becoming the ultimate authority in the realestate world. That’s right! AI can make that happen.
Austin, Texas might be the hottest housingmarket in the country. Rapidly accelerating home prices come with a variety of challenges for lenders and realestateagents, including one of the biggest pain points right now — the appraisal gap. It is just a super tight housingmarket.
In the nearly two months since a Missouri jury found the realestate industry liable for colluding to artificially inflate realestateagent commissions, Jason Posnick has fielded a lot of questions about commissions and cooperative compensation from clients. It has been cool to hear that.
Marty Green thinks of the housingmarket in 2022 as two very different movies. ” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) But the housingmarket in the second half of 2022? over asking price. High octane stuff.
What this means for realestate professionals With rental demand only expected to increase this year and beyond, realestateagents and property manager s must adapt quickly to stay competitive.
These are the words realestateagents use when asked to describe the current state of the market and what it’s like to buy a home today. Buyers are facing unprecedented challenges, they say, due to a confluence of housingmarket conditions: Pricing. Lack of inventory. We don’t have any inventory.
And while realestateagents repping luxury homes aren’t seeing as many bidding wars as they did this summer , their respective housingmarkets are still crazy right now. I’ve had many conversations with clients of mine from late April through early July, the market was total pandemonium.
Outsiders to the realestate industry may assume that the tight market has realestateagents hanging up their hats. In reality, today’s agents are seizing the market and feeling confident. Realestateagents are still confident in the industry and the market.
The severe lack of inventory in today’s housingmarket has been a source of stress for home buyers and realestateagents alike. HousingWire sat down with Realtor.com CEO David Doctorow to learn how agents and brokers can alleviate some of the frustrations their clients are facing.
We’ve all witnessed the housingmarket slowdown that has occurred over the last year. Across the country, homes are spending more days on the market as interest rates rise. Many sellers have returned to offering concessions and dropping prices to entice buyers.
Our goal is to help educate you on what a realestate team is, how they work and the types of agents who thrive on teams. How do realestate teams work? It can vary widely depending on the size of the team, its overall goals and the type of market it serves.
And it is a little bit early, but some of the preliminary data I have looked at show that sellers are continuing to pay buyer agent compensation.” According to Mandy Nichols, a Dallas-based Brixstone RealEstateagent, this requirement is causing some first-time buyers to forego representation if it is not property explained.
Realestateagents across the country have made it clear – low inventory and low mortgage rates have kept them busy throughout the pandemic, especially in typical vacation destinations. That trend is holding true for the housingmarket in Hawaii, located about 2,500 miles west of the mainland.
Offer your database an annual realestate check up. “Hi Today’s call is about business you see NAME many of my clients and friends have been calling me and asking me what is happening in this realestatemarket. In fact I am even offering all my friends and clients an annual realestate check up.
If you’re interested in becoming a realestateagent in Illinois, you’ll be happy to hear that the path to getting your realestate license in the Prairie State doesn’t require as much of a time commitment as other states. 1] As a realestate broker in Illinois, it is not legal for you to work independently.
Beginning a career as a realestateagent is an exciting time. That’s why new agents shouldn’t miss these three panels at HW Annual that will set you up for a long, successful career. . Housingmarket super session. What will the future of the housingmarket look like?
Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housingmarkets. Local realestateagents, loan officers and appraisers share what characteristics are currently defining their housingmarkets. Louisville, Kentucky. It blows my mind.”
While cancellation rates remain below pandemic-era peaks such as March 2020s record 16.4% the rising trend indicates continued uncertainty in the housingmarket. Some realestateagents are advising buyers to monitor homes they missed out on, as deals are falling through at a higher rate.
Warmer summer weather has brought cooler housingmarket conditions to Montana. The market right now just feels like it’s a bit lukewarm,” said Brian Huskey , a Billings, Montana-based ERA American RealEstateagent.
Many are eyeing scenic East Tennessee, where Knoxville and its surrounding suburbs have formed one the country’s hottest housingmarkets. Currently on Realtor.com , more than 2,000 homes are currently on the market in Knoxville with an average listing price of $270,000. How 2020 is still shaping the way lenders use data.
After heating up like the rest of the country, the Louisiana housingmarket has continued to cool since interest rates began to rise in the second half of 2022. We have an insurance problem,” said Charlotte Johnson , a Keller Williams agent based in Mandeville. “It
Williams IV, founder and CEO of Percy.ai, about what housing professionals can do to improve their deal flow despite the turbulence of the current housingmarket, and how investing in valuable data insights could be the key to success. . clients closed more than $130 Billion in sales through Buyside, averaging over a 400% ROI.
Don’t look at the names in your past client and sphere list and assume they would not do something. It is all about meeting new clients and finding new customers. Work on your housingmarket knowledge. When you know the market data and have great properties to talk about, you will have quality conversations.
In Minnetonka, Minnesota, Bryan VantHof — who is a member of the RE/MAX Advantage Plus -brokered The Minnesota RealEstate Team — said he feels ready to handle whatever the industry and the housingmarket throw at him. “I And the agents are scared,” Lamacchia said.
Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housingmarkets. Local realestateagents, loan officers and appraisers share what characteristics are currently defining their housingmarkets. The market is just insane,” she said. “I
Realestateagents often make the mistake of believing their clients will remember them forever but they dont. Its up to us as agents to stay engaged and stay in contact with our clients. In this article, weve compiled 49 compelling realestate newsletter ideas and subject lines.
Interest rates are a major headache for realestateagents across Illinois. On the sell side, agents say that low mortgage rates from a purchase or refinance transaction in late 2020 or early 2021 are keeping many potential sellers in their home. “A 2 in the state by transaction sides in the 2024 RealTrends rankings.
Realestateagents in the leafy suburbs of Bergen County, New Jersey say the current housingmarket — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At as of March 6, 2024. “We
The realestatemarket has witnessed significant fluctuations over the years, and the accompanying challenges for realestateagents can offer valuable insights and opportunities. This collapse not only devastated the housingmarket but also triggered a global financial crisis.
The Des Moines housingmarket has had a record-setting year for home sales, which local Realtors credit to low mortgage rates, the work from home phenomenon and Des Moines’ affordable lifestyle. Stewart also said her clients want acreage and bigger yards because everyone is inside at home, working or schooling.
As of March 29, the San Francisco-Oakland-Fremont metropolitan area was the fourth-hottest housingmarket in the country. The Bay Area metro had a 90-day average Market Action Index score of 61.19, according to data from Altos Research. Altos considers anything above a Market Action Index of 30 to be a seller’s market.
Launched in 2004, Redfin was named after the companys mission to redefine the realestate industry. It offered an innovative take on the agent compensation model and got a headstart on Zillow in the portal wars. They still have to bear the cost of those agents, despite production not being there in a terrible housingmarket.”
When I first started in realestate , I thought my job was solely about helping buyers and sellers. Realestateagents have the privilege of guiding people through one of their biggest life decisions. We agents can also strengthen the communities we serve.
But, what are they exactly and how can we help our clients utilize them? This is where we as Realtors are ready to educate our buyers with information and help clients find the right path(s) to alleviate financial burdens by providing funds to cover a portion of the down payment. What are down payment assistance programs?
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