Resources

The 4 Emotions of the Home-buying Process

More often than not, a buyer’s decision to purchase a new home is based on emotion, not logic. While they may have a checklist that includes the number of bedrooms and bathrooms, square-footage of the backyard or their potential commute, it all comes down to how they feel when they walk inside their dream home. [...]

Beware of the Flip

Sparkling new quartz countertops, polished hardwood floors, stainless steel kitchen appliances. Aren’t your buyers lucky? But when sellers are flippers, a good buyer’s rep should help clients engage in some old-fashioned sleuthing. Before the Great Recession of 2008, housing prices climbed dramatically, and homes sold faster than buyers could gush, “I love that spa [...]

New Index Shows Housing Market Moving Deeper into Buy Territory

The United States housing market as a whole is moving marginally deeper into buy territory, according to a new index from Florida Atlantic University and Florida International University which suggests that, on average, the majority of housing markets around the country are in good shape and remain a sound investment. Based on numbers from the [...]

Millennials Serving Millennials: Reaching the Next Wave of Homeowners

If your company is hoping to cater to millennial clients, a good place to turn is inward—tap into the wealth of creativity put out by millennial real estate professionals. Real Estate Advisor Denise Gomez (top left) and REALTOR® Erika Borunda (bottom left) serve the San Diego, Calif., market with Canter Brokerage, an innovative real estate [...]

Are New Laws Impacting Real Estate in Your State?

New state laws relating to real estate have taken effect over the summer, many of which could impact homeowners, homebuyers and sellers in certain states. One such law, enacted in California, equalizes the rules governing escrow services performed by real estate brokers, independent escrow companies and underwritten title companies (UTCs). The law, sponsored by the [...]

Home Improvements Push Residential Construction Spending Up

NAHB analysis of Census Construction Spending data shows that total private residential construction spending for July registered a seasonally adjusted rate of $445.5 billion, slightly up from the June downwardly revised estimate. The monthly gains are largely attributed to the strong growth of private construction spending on home improvements that rose to a seasonally adjusted [...]

Homeowner Confidence High, but Buyers Feel Discouraged by the Housing Market

Homeowners are feeling increasingly confident that now is a good time to sell a home, but renters are feeling uncertain they’ll be able to afford to buy, according to the latest Zillow® Housing Confidence Index (ZHCI). Existing homeowners have a more positive attitude toward selling than buying, an imbalance that is causing a slowdown in [...]

Committed to Success: The Value of Complete Agent Development

I’d like to tell you a story about two agents. Agent A—we’ll call him Alan—fits real estate education in when he can. Occasionally, he sets his business activities aside for a day or two to take a course, sometimes traveling out of town. Alan always intends to apply what he’s learning, but admits that he [...]

Market Conditions Improve Chances of Rate Hike, Says Yellen

In a recent speech at Jackson Hole, Federal Reserve Chairwoman Janet Yellen supported the anticipation of two possible rate hikes this year, noting that the case for a rate hike has strengthened. “In light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case [...]

Fixed Mortgage Rates Don’t Budge

Average fixed mortgage rates remained unchanged from the previous week, while still remaining near their all-time record lows, according to Freddie Mac’s recently released Primary Mortgage Market Survey®. The 30-year fixed-rate mortgage (FRM) averaged 3.43 percent with an average 0.6 point for the week ending August 25, 2016, unchanged from last week. A year ago at this [...]