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Despite 2025 housingmarket predictions changing fast , there are still key themes and trends for real estate leaders to watch to best serve their clients and business. See what she had to say below and register today for the Housing Economic Summit on Feb. If we start to see them enter the market, it will be encouraging.
Despite the frequency of departures, real estate agents in the state say the housingmarket remains strong. On the balance, there are still more buyers with their eye on a purchase than there are houses on the market. Statewide, the housingmarket has a 90-day average Altos Market Action Index score of 44.18
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.
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 real estate agents say they dont know what to expect from sale to sale. It’s just become a more common theme.
The race is on for brokerages to capture clients in an incredibly difficult housingmarket, and Compass believes a new technology offering will give it an advantage. The brokerage on Monday launched Compass One, a client-facing portal that provides a guide through the process of both home buying and selling.
Buyers and sellers alike continue to rely on the expertise of Sothebys International Realty agents to successfully navigate an ever-changing market and achieve their real estate goals, White said. Our reach and strategic expansion into key markets in the U.S. That growth rate nearly doubled the national average of 5.2%
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.” I think ultimately, though, sellers should be looking at their net (profit). The way you approach a change is really about your mindset.
But in a turbulent housingmarket , it may have been this innovation that ultimately ended Redfin’s run as a standalone company. They still have to bear the cost of those agents, despite production not being there in a terrible housingmarket.” They have that eat what they kill mentality.
The majority of homebuyers are still expecting sellers to cover their agent’s compensation, according to The Real Brokerage ’s August 2024 agent survey. While it appears that most sellers are still offering some level of compensation, 12% of agents reported they were still unsure of what the emerging trend will be. 30 and Sept.
Austin, Texas might be the hottest housingmarket in the country. If a seller has those multiple offers, they are looking first at cash offers and may even consider a lower cash offer because they don’t have to worry about the property appraising for that price,” Garrett said. “If It is just a super tight housingmarket.
Since COVID-19 has enforced more restrictions on open houses, Redfin allows buyers to unlock the door of most RedfinNow listings via the Redfin app and self-tour seven days a week from 8 a.m. We let sellers choose their closing date, so they have the money to complete their purchase and only have to move once.”
Real estate agents and real estate brokers are both licensed real estate professionals who can assist buyers and sellers, but you should be aware of some key differences and state-specific distinctions. A real estate agent is a licensed professional who represents buyers or sellers in real estate transactions. Let’s dive in!
Real estate agents 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. So, where do you start? In this article, weve compiled 49 compelling real estate newsletter ideas and subject lines.
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.
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. Additionally, the state’s 90-day average Altos Market Action Index score was 32.75 Altos classifies scores above 30 to be indicative of a sellers’ market.
Economic uncertainty : Concerns about tariffs , layoffs, and federal policy changes are making buyers and sometimes sellers hesitate. Many are opting to wait out market instability before committing to a purchase. These markets remain seller-friendly, with low inventory and limited buyer alternatives.
Denver-based Realtor Bret Weinstein took on a client whose house had been on the market for 60 days. Since the beginning of the COVID-19 pandemic, Denver has been one of the hottest markets in the country having absorbed considerable inbound migration from California, New York, Texas, and Chicago, among other areas.
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’smarket.
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 Despite the state’s tight inventory, the housingmarket is not as hot as one might expect.
Real estate agents 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 There is nothing to show.”
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.
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 Real Estate agent. This was the slowest June we’ve seen in many years in our market,” Durham, a luxury-focused agent, said.
As originators confront changing dynamics in the economy and housingmarket this fall, many will be asking important questions about how to approach their practice, identify client opportunities, and prepare for what may come. How will changes in the White House affect homeowners?
Redfin has reported that following revisions to industry rules required by the National Association of Realtors lawsuit settlement , commission negotiations have grown more regular in certain markets and at higher price points. I recently had a seller decide to offer 1.5%. That will likely drive fees down over time.”
26 in Dallas, provided valuable insights into the forces shaping the mortgage and housingmarkets in 2025. Dark Matter Technologies makes it a priority to stay ahead of these trends, ensuring our clients have the right tools to scale efficiently when market conditions change. The HousingWire Economic Summit, held Feb.
It can vary widely depending on the size of the team, its overall goals and the type of market it serves. However, most teams are built with the same objectives playing to each individuals strengths to provide top-tier service to their clients. This can sometimes take the focus off client service, though it doesnt have to.
We’ve been a sellers’ market here for at least the past eight years, but probably closer to 10 or 11.“ On the existing-home market , agents say the lack of inventory is due to a rate-lock effect, as homeowners with mortgage rates at 5% or below are reluctant to give up their rate unless a major life change necessitates a move.
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 Real Estate. Everyone has a couple things on their list that can probably be crossed off.
First, he has his clients lender call the listing agent. This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained. That never happens when a VA loan is involved.
Known for its rural communities, quaint towns, scenic lakes and mountain vistas, New Hampshire is probably not where you would expect to find one of the nations hottest housingmarkets but the data says otherwise. 18, with a market action index score of 55.77. But even with that, she said the market has remained hot.
However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housingmarket to the very recent history of the last two years. It is always good to know where we are with the real estate market, but it is essential to keep all data in historical perspective. . Historically 2.5
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.
You need a buyer and seller,” Brown said. The sector outlook reflects expectations for a slowing economy in 2023, with a modest increase in unemployment and potential pricing corrections in the housingmarket. So, it’s definitely not like selling a loan to a GSE (government-sponsored enterprise).
Local real estate agents, loan officers and appraisers from each city share what characteristics are currently defining their housingmarkets. 1 housingmarket for spring 2022, there is no doubt that the housingmarket in Rapid City is one to watch. Rapid City, South Dakota. Rapid City, South Dakota.
Buffalo, New York , known for its tumultuous winter weather and beloved namesake chicken wing, will be the hottest major housingmarket in 2025, according to a new report from Zillow. This is the first time a market has held the title in back-to-back years. But both buyers and sellers should expect unpredictable mortgage rates.”
Set the appointment To make a strong first impression with potential sellers, avoid overwhelming them with too many questions upfront. A trustworthy Client Relationship Management (CRM) system is an important asset, allowing agents to effectively manage and track interactions with clients.
Barnes, a branch manager at Mann Mortgage , recently had a client who planned to live in a new home for five years before selling it. The client requested a cost analysis to compare monthly payments on a mortgage at 7.5% In that client’s case, it made sense to pay to do a permanent buy down,” Barnes said. versus a 6.5%
When I first started in real estate , I thought my job was solely about helping buyers and sellers. Host charity-driven client events : Instead of a traditional happy hour or client appreciation party, turn it into a fundraiser. As time went on, the desire to go beyond that struck me.
Vacation areas and luxury housingmarkets aren’t the only ones benefitting from a wave of pandemic buyers : southeastern locales are also filling up. Because inventory is so low, Bond said she’s been encouraging her clients to sell sooner rather than later. “My Our market is pretty, pretty hectic,” Charlton said.
Fortunately, there are ways to detect deed fraud attempts early, but mortgage professionals need to be well-informed to protect themselves and their clients. In 2024, the American Land Title Association (ALTA) highlighted the persistent challenge of seller impersonation fraud (SIF) within the real estate industry.
Forbes launched a luxury home listing platform which the company says will capitalize on its audience and “connect, inform, and inspire high-net-worth potential homebuyers and sellers” about properties for sale around the world. How to gain more listing visibility in a shifting housingmarket.
While the conventional wisdom is that high rates are choking the housingmarket, a new survey suggests it’s not as all-encompassing as one might think. Among the 463 buyer agents surveyed, 50% said their clients planned to buy regardless of mortgage rates. had clients who paid with cash, while 16.4% Another 23.5%
The report also shows the housingmarket also set new records for home-selling speeds and competition, although seasonally adjusted home sales and new listings flattened from April. “Sellers are still squarely in the drivers’ seat, but buyers have hit a limit on their willingness to pay. from April.
What helped Erica Davis, a loan originator at Guild Mortgage , in the current high-rate environment is a seller-funded temporary 2-1 rate buydown. In a high-rate environment, lenders call the temporary rate buydown a win-win strategy for both sellers and buyers when used appropriately. in the second year.
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