Real Estate Agent Tools
Here’s why it’s not a great time to become a real estate agent
Source: CNN --- As home prices soared during the pandemic, people started racing toward the real estate sales industry seeking to cash in on the housing gold rush. But that surge in new real estate agents, coupled with a sharp decline in the number of homes up for...
Darden Restaurants CEO says speculation is driving up real estate prices
Source: CNBC --- Darden Restaurants isn’t seeing many deals on real estate right now despite the high number of permanent restaurant closures from the pandemic. “There’s tremendous speculation in the real estate market driving prices,” CEO Gene Lee told analysts on...
The Typical Down Payment Has Fallen 10% From A Year Ago As Housing Market Cools
Source: Redfin --- The typical U.S. homebuyer made a $42,000 down payment in January, the lowest level in nearly two years, amid rising mortgage rates and low competition The median down payment was equal to 10% of the purchase price, down from 14% a year earlier. ...
U.S. Home Sales Surge 14 Percent in February While Prices Drop
Source: The World Property Journal --- First National Median Home Price Decline In The U.S. In 11 Years According to the National Association of Realtors, U.S. existing-home sales reversed a 12-month slide in February 2023, registering the largest monthly percentage...
Greater Miami Area Condo Sales Implode 47 Percent in February
Source: World Property Journal --- Greater Miami area total residential sales decreased 39.9% year-over-year in February 2023, from 2,814 transactions to 1,692, says the Miami Association of Realtors. Breaking down Miami area sales data further, Miami area condo sales...
Slow Start to the Spring Homebuying Season
This week’s news that the Fed is modestly hiking interest rates and may pause them sooner than anticipated brought mortgage rates down for the second week in a row, according to a new report from Redfin, the technology-based real estate brokerage. Overall, the...
WHAT IS THE BEST SOCIAL MEDIA MARKETING PLATFORM FOR REAL ESTATE AGENTS AND HOW TO USE THEM
Source: Realty Biz News --- There are several social media platforms that can be effective for real estate agents, depending on your specific goals and target audience. Here are some of the most popular platforms and how to use them for social media marketing:...
New “Mansion Tax” to affect Luxury Homes in Los Angeles
The City of Los Angeles will begin charging a ‘Mansion Tax’ on commercial and residential real estate transactions over $5 million effective April 1, 2023. The existing documentary transfer taxes in Los Angeles will not be repealed or altered by the mansion tax....
HOW TO GET ON THE FHA CONDO APPROVAL LIST
Source: Ris Media --- If you want to buy a home but the down payment requirements make this seem out of reach, there are more affordable options. Choosing an FHA-approved condo allows you an easier option to buy with lower credit and down payment requirements. Changes...
Black California couple’s home appraises for $500K more when White friend poses as owner
Source: Fox Business --- A Black couple has settled a lawsuit with a property appraiser who undervalued their California home by almost half a million dollars. Paul Austin and Tenisha Tate-Austin’s four-bedroom residence in Sausalito, near San Francisco, was valued at...
US housing cost take rare dip and buyers are taking advantage
Source: Fox Business --- For the first time in a long time, it’s cheaper to buy a house right now than at the same time last year. Buyers are taking advantage, as home sales increased across the country last month. Brittany Baughman sells houses around Seattle with...
New home sales rose for the third month in a row
Source: CNN Business --- New home sales rose in February, climbing for the third month in a row as mortgage rates eased off their highs of the past year and buyers looked to new construction amid historically low inventory of existing homes for sale. Sales of newly...
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