Timing is everything, even in real estate. Homebuyers in the nation’s densest metro areas could save thousands by purchasing a home in the off-season, according to a new analysis by NerdWallet. Sale prices fall an average of approximately 3 percent, or by $8,300 on a median-priced home, September through November, the analysis found. Sale prices, as well, tend to...
Real estate as an industry has become reliant on data to measure, inform and predict the factors that impact business. Much of one dataset, however, is lost, unable to be gathered by conventional analytics: untraceable online referral traffic, or “dark social.” Dark social activity is any form of private online sharing, such as email, instant messaging and text...
If you're not working with Hispanic clients, you're missing a huge market, as they remain one of the fastest growing homebuying demographics. However, if you're not Hispanic yourself, there are a few things you might want to know before you dive in. Below are some tips from the top two winners of NAHREP's Top 250 award, Mario Negron, Owner/Broker Associate, RE/MAX...
Left to right: Mark McLaughlin, CEO of Pacific Union International, Cary Sylvester, vice president of Industry Development for Keller Williams Realty International, and Alex Lange, CEO, Upstream™ Forty-one. That’s the amount of times listing data may be entered through the course of one real estate transaction, estimates Upstream™ CEO Alex Lange. That’s 41...
Left to right: Dean deTonnancourt, broker/owner, HomeSmart Professionals; Leonard Steinberg, president, Compass; Vince Leisey, president, Berkshire Hathaway HomeServices Ambassador Real Estate In real estate, every decision a company makes could potentially transform into its competitive differentiator. For some, traditional business methods may suffice; for others,...
Owning your own home is an important and some would say essential part of the American dream. However, once you've invested the time and hard work to save up enough to be able to finally afford your dream home, you might find that you are faced with a lot of difficult choices about the real estate where you could potentially spend the rest of your life. One of the...
By Brooke M. French When divorce turns a person’s life upside down, one of the biggest challenges is housing – specifically, finding a new place to live, and deciding whether to buy and how much to spend. During that tumultuous time, real estate professionals can play a key role in guiding clients to sound decisions. 1. Determine whether the buyer is ready After...
Female single mortgage borrowers default less on their loans than male single borrowers, despite having weaker credit, a recently released report by the Urban Institute reveals. The results of the report’s analysis show the percentage of female single borrowers who are 90 or more days delinquent is lower than that of male single borrowers—evidence that lesser...
A growing shortage of lots for new homes will push up home prices in many U.S. markets. That’s the word from the National Association of Home Builders (NAHB), which says the availability of new-home lots is at a historic low. In the NAHB/Wells Fargo Housing Market Index survey for May, 64 percent of home builders reported the supply of new-home lots in their areas...
New state laws relating to real estate have taken effect over the summer, many of which could impact homeowners, homebuyers and sellers in certain states. One such law, enacted in California, equalizes the rules governing escrow services performed by real estate brokers, independent escrow companies and underwritten title companies (UTCs). The law, sponsored by the...
