In 2023, $363.3 billion in property taxes were levied on single-family homes, which is an increase of 6.9% from $339.8 billion in 2022—nearly double the 3.6% growth rate—according to ATTOM’s 2023 Property Tax Analysis Report. Data provided in the report also indicates that the average tax on single-family homes rose to $4,062 last year, up… The post Property Taxes on Single-Family Homes Up 7% in...
2024
Above, Leo Pareja Facing a new set of challenges and confronting a vastly different real estate landscape, eXp Realty is turning to one of its own for leadership, as Chief Strategy Officer Leo Pareja takes the reins as CEO, aiming to push the fast-evolving virtual-focused brokerage into a new era. The CEO role had previously… The post eXp Realty Announces New CEO as Sanford Steps Back Again appeared...
You’re comfortable in the knowledge that as a real estate agent you’re a pro’s pro. Until recently, you didn’t have to discuss with hopeful homebuyers precisely what your compensation would be. Now you do. What’s important is to communicate your value and what you will do for them, but what’s even more vital is to… The post 4 Surefire Ways to Convince Potential Clients to Sign a Buyer Agent...
In the latest RISMedia webinar—”Cracking the Code: How Jason Mitchell Group Nurtures Lucrative Referral Networks”— industry thought leader Jason Mitchell, founder of The Jason Mitchell Group, discussed one-on-one with RISMedia’s founder, president and CEO John Featherston about the partnerships and solutions necessary to ensure better opportunities for homeownership, as well as how these...
Property Highlights: Location: Woodside, California Listing Price: $110 million Features: 74-acre estate with seven residential properties Added Appeal: 100-plus yard Roman pool, lily pond, three swimming pools and numerous opportunities to create, build and personalize five of the seven residences. Once the cherished summer retreat of the enterprising Fleishhacker family of San Francisco, Green...
The Institute’s Luxury Market Report is your guide to an analysis on the trends and comparative data on the top-residential markets throughout Canada and the United States. March’s report reviews the current statistics for the luxury market in North America month over month, as well as the 13-month trend. This month, we delve into the… The post The March 2024 Luxury Market Report appeared first on...
The term “redlining” may evoke images of 1930s bankers and real estate men drawing segregated maps in smoke-filled back rooms, but a growing log of settlements announced by the Civil Rights Division of the U.S. Department of Justice (DOJ) suggests that redlining is a persistent and pernicious practice. Occurring in both the past and present,… The post Recent Redlining Settlements Outline Framework...
There are several reasons agents prefer listing over working with buyers. From the ability to take on more clients at once to less time spent touring properties to increased control over transactions, many agents just prefer to represent sellers. But how do you find listing opportunities if this is your desired route? Get in touch… The post Get More Listings by Connecting With These 5 Demographics...
When buying and selling real estate, the appraisal is pivotal. It’s an expert’s objective estimation of a home’s worth and serves as a cornerstone for financial decisions in real estate transactions. However, a low appraisal can disrupt the whole process and lead to complications for buyers, sellers, Realtors, and lenders. I will examine the ramifications… The post The Impact of Low Appraisals on...
The 30-year-fixed-rate mortgage only slightly increased this week, up to 6.82% from last week’s dip to 6.79%, according to the latest Primary Mortgage Market Survey® (PMMS®) released Thursday from Freddie Mac. Here’s a look at this week’s numbers: The 30-year FRM averaged 6.82 percent as of April 4, 2024, up from last week when it… The post Mortgage Rates Continue to Show Little Movement...