Pending Home Sales Continue With Upward Momentum
Pending home sales continued with upward momentum in August. According to the National Association of REALTORS® (NAR), pending home sales for the month marked four consecutive months of growth, with gains across all major regions in both month-over-month and year-over-year transactions. NAR’s Pending Home Sales Index (PHSI) rose 8.8 percent to 132.8 in August, with […]
4 Tips to Grow Your Sphere of Influence Online in 2020
With most states still enforcing restrictions on indoor public spaces and in-person networking events, knowing how to network online is now key for breathing new life into your luxury real estate practice. Fortunately, it’s easier than ever to grow your network and stay connected with your sphere of influence when you can’t meet face to […]
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Ask the Expert: How COVID-19 Has Altered the Home Inspection Industry
Today’s Ask the Expert column features Dan Steward, president of Pillar To Post Home Inspectors. Dan Steward President and CEO Pillar To Post Home Inspectors® www.pillartopost.com Q: These have been tough months for all. Has there been a “silver lining” anywhere in this for your industry? A: Yes. Despite the setbacks of COVID-19 and other issues facing […]
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A Pandemic Upshot: Seniors Are Having Second Thoughts About Where to Live
(TNS)—Where do we want to live in the years ahead? Older adults are asking this question anew in light of the ongoing toll of the coronavirus pandemic—disrupted lives, social isolation, mounting deaths. Many are changing their minds. Some people who planned to move to senior housing are now choosing to live independently rather than communally. […]
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Safety Is No Accident
NAR PULSE—The best way for your agents to stay safe is to be ready for anything. Tell your agents about the SentriKey® Real Estate app with its unique Agent Safety Feature that provides an automatic way to alert select contacts in case of an unexpected or potentially dangerous situation. Members Can Now Enroll in NAR […]
Case-Shiller: July Saw 4.8 Percent Annual Home Price Increase
In July, home prices increased 4.8 percent YoY, up from 4.3 percent in the previous month, according to the most recent S&P CoreLogic/Case-Shiller Indices. Year-over-year, the 10-City Composite increased 3.3 percent, up from 2.8 percent in the previous month. The 20-City Composite increased 3.9 percent YoY, up from the previous month’s 3.5 percent gain. The following […]
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The New Bridge Solution: How to Turn Homeowners Into Sellers
The biggest problem for home sales today remains a lack of inventory. So, how do we keep the bounce-back from COVID-19 going into Q4? We need more listings! To create more listings, we need to get homeowners off the sidelines. The problem is that homeowners are nervous to make a move for the same reason […]
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Worth it to Refinance? Current Low Rates Create Possible Savings Opportunity
The coronavirus pandemic has caused buyers to flood the markets. Mortgage interest rates are at historic lows, driving increased activity and a shortage of inventory nationwide. But what about mortgage refinancing to take advantage of low rates? According to a new report from Zillow, homeowners who haven’t refinanced “could be tossing thousands of dollars out […]
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Local Real Estate’s Move to Mobile
In the world of local real estate, mobile technology is playing a growing role in the way people search for listings and the way agents reach customers. As more activity happens online, it’s raising questions about how local real estate professionals can adapt to best serve their prospects and customers. Currently, social distancing is further […]
Remote Work: Are You Going Back to the Office?
“COVID-19: Are you going back to the office yet or not?” I recently posed this question to more than 500 business owners in the real estate industry. The results were scattered almost evenly across the board. Twenty-seven percent of business owners indicated that they were already back in the office—and to my surprise, tying for […]