Real Estate Agent Tools
With many Americans house rich, here are the best ways to tap your home for cash
Source: CNBC --- Many Americans are suddenly house rich. On paper, anyway. Soaring home prices have resulted in a record amount of home equity on hand. By the end of last year, roughly 46 million homeowners held a total $7.3 trillion in equity to tap, the largest...
Disrupting Cliques In Multifamily Real Estate To Bring Innovation To The Industry
Source: Forbes --- There’s a problem inside the multifamily industry. I’m not the first person to point it out, but I will join the chorus of people speaking out about it. That problem is cliquish behavior. If this was about everyone joining together to push the...
Nearly Half Of Home Sellers Are Making Concessions To Woo Buyers
Source: Redfin --- Sellers are offering to cover the cost of repairs, mortgage-rate buydowns and closing costs as rising interest rates dampen homebuyer demand. Pandemic boomtowns and pricey coastal markets, including Phoenix and Seattle, have seen the biggest...
Annual Home Prices Have Fallen in U.S. for the First Time in Over a Decade
The median U.S. home price fell 1.2% in February, marking the first year-over-year decline since 2012, according to a new report from Redfin, a technology-based real estate brokerage. Sellers have been forced to lower their expectations because high mortgage rates...
Is Now A Good Time to Sell or Rent My House?
Source: US News --- The U.S. is short 6.5 million single-family homes, according to a realtor.com report released March 8. This means that the rate of household formations is outpacing the amount of homes constructed, and that spells a major inventory crunch for...
How Climate Change Could Sink the US Real Estate Market
Source: Sierra --- LIZ GREENE HADN'T ORIGINALLY intended to buy this house. She'd been looking at another one here in the River Haven subdivision, 20 miles northeast of Myrtle Beach, South Carolina. It had the same beige siding, the same slab foundation and...
What’s the current health of the US housing market?
Source: MPA Mag --- An analysis of 200 of the largest metro areas in the US shows the health of the housing market across the country amid a backdrop of intense competition and dwindling housing availability. Today’s Homeowner reached out to Mortgage Professional...
Change to common real estate form could mean even more money down for CA homebuyers
Source: ABC 7 News --- SAN FRANCISCO (KGO) -- The California Association of Realtors routinely updates the forms used by realtors to secure common real estate transactions like buying and selling a home. However, a change made to the form that specifies how a...
Real estate ‘sweet spot’ puts sellers in drivers seat
Source: Fox Business --- Experts say it's "nearly impossible" for sellers to time the real estate market just right. However, there is one week in particular that provides them with the most favorable conditions to list a home, according to a recent report....
Commercial real estate vital to law encouraging new housing near public transit
Source: MetroWest Daily News --- As more than 170 Massachusetts cities and towns begin drafting proposals to comply with the state’s new multifamily housing requirements, city planners and business leaders say commercial real estate could play a significant role in...
Median Home Prices Rose in February 2023, but Affordable Housing Inventory Remains a Challenge
Despite being down 24.4% year over year, February home sales increased 16.8% from January. That was the largest month-over-month increase in 11 months and ended a five-month streak of sales declines that began in September. This is according to the February 2023...
Buying or selling a home in Indiana? Here’s what a $400K home looks like in 5 cities
Source: Indy Star --- As 2023 speeds along, here's another look around the state at what buyers and sellers can expect in Indiana's real estate market. Average 30-year fixed mortgage rates still sit over 6%, and mortgage application volumes were 44% lower nationally...
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