Open houses should be seen as listing lead generators. In addition to advertising a current listing, it gives agents an opportunity to meet the neighbors, pick up listing and buyer leads, and set listing and showing appointments. Before the open house even begins agents should call and meet the neighbors and other homeowners in the…
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The U.S. housing market is in an uneasy state of equilibrium. Demand has plummeted as mortgage rates hit a two-decade high, but prices haven’t declined much in part because supply remains correspondingly low. If borrowing costs don’t start to normalize by early next year though, the scales may finally tip. The start of the year,…
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One out of every 50 housings listed for sales – a record 2% – were delisted each week on average during the 12 weeks ending Nov. 20 compared with 1.6% one year earlier, according to a report from Redfin. The share dropped to 1.9% for the 12 weeks ending Nov. 27, which includes the Thanksgiving…
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Rising mortgage rates approaching 7% along with declining builder sentiment stemming from stubbornly high construction costs and weakening consumer demand pushed new-home sales down at a double-digit rate in September. Following a brief uptick in August, sales of newly built, single-family homes in September fell 10.9% to a 603,000 seasonally adjusted annual rate, according to…
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The Federal Housing Administration (FHA) proposed a rule in the Federal Register that will increase and index loan limits under its Title I Manufactured Home Loan Program. The program insures loans used to finance manufactured homes that are titled as personal property. FHA proposes a “data-driven methodology to calculate loan limits for the program on…
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The Federal Reserve’s interest rate hikes may be intended to give the housing industry a “reset,” as chair Jerome Powell wanted, but it also may have further confused homebuyers and sellers on what to do next. Average 30-year fixed mortgage interest rates have spiked from 3.2% to 6.38% over the past six months, tightening supply…
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Con el cambio político y la actual situación del país, cada vez más colombianos invierten o quieren invertir en Estados Unidos y aprovechar, entre otras cosas, factores como la disparada del dólar o la creciente demanda de activos refugio en los diferentes mercados estadounidenses. No obstante, en muchas ocasiones se arriesgan sin conocer cómo funciona…
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A growing number of agents are forming real estate teams to secure more deals, share resources, and potentially earn more commission. Successful teams engage in frequent communications with upper management. For instance, sales and metrics meetings should be conducted as four smaller weekly meetings, during which wins should be recognized to raise morale. Companies should…
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Según la National Association of Realtors (NAR), Colombia fue el décimo país con más participación de compras de bienes raíces en Estados Unidos por parte de ciudadanos extranjeros en el 2021. Para hacer este tipo de negocios, es muy importante tener en cuenta distintos aspectos jurídicos, para que el activo no se vuelva un dolor…
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With one lawmaker likening Florida’s troubled property-insurance market to a “mountain tumbling,” a legislative panel last week approved a proposal to spend $1.5 million to look at alternatives for insurers to get adequate financial ratings. The move came after state officials in July publicly questioned the ratings agency Demotech, Inc., over the possibility that it…
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