How fast your local housing market is cooling amid the Great Deceleration, as told by 2 interactive charts
June 07, 2022
As housing data rolls in for April and May, it tells us the housing market’s unprecedented acceleration—which saw a record 20.6% year-over-year jump in U.S. home prices between March 2021 and March 2022—is either on pause or over. In the coming months, don’t get confused by lagging home price data: All signs point ...
Mortgage refinance demand plunges 13% as interest rates climb toward two-year high
January 31, 2022
MAIN POINTSThe average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 3.72% from 3.64%.Refinance applications fell 13% for the week and were 53% lower year over year.Mortgage applications to purchase a home dropped just 2% for the week and were 11% lower than a year ...
Where Zillow says home prices are headed in 2022
November 02, 2021
While the housing market is still very much a seller’s market, things are clearly shifting a bit. More homes are coming on the market, and we’ve seen a big decline in the number of bidding wars.That said, buyers shouldn’t pencil in a price correction, according to Zillow’s forecast model.Over the next ...
Home Prices Are Soaring. Is That the Fed's Problem?
August 12, 2021
Robert S. Kaplan, the president of the Federal Reserve Bank of Dallas, has been nervously eyeing the housing market as he ponders the path ahead for monetary policy. Home prices are rising at a double-digit pace this year. The typical house in and around the city he calls home sold for $306,031 in June of this year, Zillow ...
Don’t Be Fooled by Remarkable Real Estate Headlines
April 14, 2021
Don’t be impressed by the headlines reporting year-over-year housing numbers for the next several months (data covering March, April, May, and June). The data will most likely show eye-popping one-year increases.While the year-over-year jumps will certainly be striking, consumers should take these numbers with a grain of salt, as the situation highlights a short-term quirk in the ...
The Women in Real Estate: Sabriya Scott, from being a Hairstylist to Realtor
March 08, 2021
According to the NAR Member Profile highlights 2020, 64% of all realtors were women and nationwide they dominate the residential real estate market. Women have come so far in terms of making a house more than just a HOME. On International Women's Day, we are celebrating the women in real estate and their contributions to the community they ...
Avoid Breach When Using Music and Images
February 12, 2021
Images, videos, and music make our marketing campaigns fun and engaging. The internet offers plenty of sources for these for our convenience. Before we decide to use any image, video, and music for our branding, we have to make sure we do not infringe an owner's copyright. NAR released on December 1st, 2020 a short video of ...
3 Things Why You Should Use ShowingTime
January 13, 2021
Getting the trust of sellers and buyers to do real estate business with us starts the realtor-client relationship. Adding a wow-factor takes that relationship to a whole new level. Having a piece of in-depth knowledge on the real estate tools is crucial to make our business be ahead of the game. Going out to show properties takes about 80% ...
3 Safe Holiday Gift Giving Tips You Can Practice This Year
December 10, 2020
2020 is a bit hellacious, but it doesn't and shouldn't stop us from spreading holiday cheers - virtually, that is. Here are our Top 3 Gift Giving Tips for this year's holiday season.Shop online and ship swiftly and early. Technology and e-commerce have made it easy and convenient for busy people to still personally shop ...
Selling your home during COVID-19: Is it a good time to sell?
June 05, 2020
The common question is "Is it a good time to sell a property given the current situation?"Homelight recommends listing your home as soon as possible if you are planning to sell your property within the next 24 months. If the economy comes to a significant decline, it will be more challenging to sell your home in ...
Will the Housing Market Turn Around This Year?
May 14, 2020
Today, many people are asking themselves if they should buy or sell a home in 2020. Some have shifted their plans or put them on hold over the past couple of months, and understandably so. Everyone seems to be wondering if the market is going to change and when the economy will turn around. If you’re trying to ...
5 Ways to make your real estate business adapt to the new normal. Here are simple safety tips to keep you healthy, safe, and productive during these uncertain times.
May 06, 2020
Photo Credit: Image by Klaus Hausmann from Pixabay Real estate agents are considered to be essential workers in many areas. Therefore, even the pandemic is not going to make it completely go on a pause. Realtors are one of the frontline heroes who help keep our communities and economy intact. For this reason, there are local safety protocols ...
Keep your business running smoothly amidst the COVID-19 pandemic with these 3 simple and practical tips.
April 07, 2020
The only thing in this world that is constant is CHANGE. COVID-19 is forcing the world right now to face yet again, another great transformation that will bring about revisions to our social and economic organizations. Our current situation has impacted all industries, and the challenge now is how do we keep our businesses afloat. Now more than ...
