The real estate industry is overflowing with turnkey software that’s exactly the same across every installation. While this is often fine at the agent and, to an extent, broker levels, a “one size fits all” strategy isn’t robust enough for the needs of MLSs, particularly when it comes to property data. Flood maps, for example,… The post The Importance of Diverse Data Sets appeared first on...
22 August 2024
The National Association of Home Builders (NAHB)/Wells Fargo Cost of Housing Index (CHI) found that in Q2 2024, a family earning the nation’s median income of $97,800 needed 38% of its income to cover the mortgage payment on a median-priced new home. The median price of a new home in Q2 was $412,300 vs. the… The post Median Price Existing Homes Less Affordable Than New Homes in Q2 appeared first on...
Above, Whitney LaCosta and Jemila Winsey More than 400 of the industry’s most powerful residential real estate decision-makers will converge on Washington, D.C., September 4 – 6 for RISMedia’s 36th Annual CEO & Leadership Exchange, where we’ll candidly discuss the most critical trends and issues currently affecting real estate professionals and reshaping the future of… The post Women in Real...
Would you like excellent moving tips for the summer? Moving after selling your home in the summer can present unique challenges and opportunities. The warm weather, peak moving season and specific logistical considerations all play a role. My guide will teach you to manage these factors effectively to ensure a seamless transition. I will provide… The post Tips for a Smooth Move After a Summertime Home...
Three weeks ago, in my blog titled “Going for Gold,” I delved into the Olympics, capturing the essence of competition and camaraderie. Building on that theme, this week I want to explore the upcoming Paralympic Games. As we look forward to these games, they provide another dimension to our understanding of sportsmanship and resilience. As… The post Thoughts on Leadership: Insights From the Evolution...
The 30-year fixed-rate mortgage (FRM) remains at the low level seen recently, from last week’s average of 6.49% to a current average of 6.46%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: The 30-year FRM averaged 6.46%, down from last week when it averaged 6.49%. A… The post Mortgage Rates Remain Low, Sees Little Change...
Sales of existing housing inventory in the U.S. reversed course in July, posting an increase after four months of decline. This data comes courtesy of the National Association of REALTORS®’ (NAR) monthly update on existing-home sales. The report showed that total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—increased 1.3% from...
With Aug. 17 in the rearview mirror, real estate professionals are now navigating a new era of real estate—one they’ve been preparing for since the NAR practice changes came about as a result of last year’s legal settlement. In an effort to help agents and brokers transition into this new era of real estate, on… The post Laying Out the Roadmap to Success in Real Estate’s New Era: ‘Get...
It seems the benefits of AI in real estate are largely categorized as time and cost savings. With AI, real estate professionals can elevate their game by focusing on their clients and brands, freed up from writing ad copy or managing operations. However, AI tools can, and should, do much more for real estate professionals.… The post Does Your Real Estate AI Come With Cleverness? appeared first on...
To reverse an informal idiom, it’s probably true that all agents can walk the walk, but can they all talk the talk? Accompanying clients to view homes for sale (the walk) is the easy part. The ability to understand and be able to convey the many nuances, legal machinations, commission details, price fluctuations, negotiating tactics… The post Buyer Agent Playbook: What Clients Insist on Knowing Right...