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CondoTek and MGIC Unveil Condo Compliance Solution
The MGIC Compliance validation is delivered at no additional cost to CondoTek’s CPW. Continue Reading CondoTek and MGIC Unveil Condo Compliance Solution
Zillow Group Acquires Follow Up Boss CRM System
The acquisition purchase price includes $400 million of initial cash consideration and up to $100 million in a potential cash earnout. Continue Reading Zillow Group Acquires Follow Up Boss CRM System
Additional Reading: Realtor Tools & Insights
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...
How the Luxury Real Estate Market Differs from Traditional Real Estate
Luxury real estate is a coveted market in the real estate industry, but selling in this space takes more than having a connection to a high-value home. Continue Reading How the Luxury Real Estate Market Differs from Traditional Real Estate
This One Rookie Homebuyer Move Drives Real Estate Agents Crazy
Source: Realtor.com --- Most homebuyers understand the perils of making a financial misstep like buying more house than they can afford or ending up with a money pit that requires unexpected, big-budget repairs. After all, buying a home is likely the most important...
Latest mortgage news: After flirting with 6%, rates retreat
Source: Bankrate --- In a reversal from the rapid rise in recent weeks, the average rate on 30-year mortgages dipped to 5.85 percent this week from 5.91 last week, according to Bankrate’s national survey of large lenders. The Federal Reserve raised...
Who Pays the Real Estate Commission and Closing Costs: The Homebuyer or Seller?
Source: Realtor --- Do you know how much an average real estate agent commission is? Or who pays real estate agent fees and closing costs? If you’re scratching your head, you’re not alone: More than half of Americans don’t know what the average real estate agent...
The Great Real Estate Slowdown: 10 Markets Where Homes Linger the Longest—and Buyers Gain an Edge
Source: Realtor --- In the fraught, pressure-packed, scarily unpredictable summer 2022 housing market, home sellers and buyers are compulsively tracking key real estate metrics like baseball obsessives tracking box scores—only with way more on the line than the...
Hottest US Housing Markets Now Have Bigger Share of Price Cuts
Source: Yahoo Finance --- (Bloomberg) -- US cities that saw some of the biggest jumps in home prices during the pandemic now have the largest shares of price cuts, according to data compiled by Zillow Group Inc. Overall, the proportion of active real estate listings...
Demand For Vacation Homes Is Now Below Pre-Pandemic Levels
Source: Redfin --- High home prices and mortgage rates, along with economic uncertainty and an increase in second-home loan fees, have put an end to the pandemic-driven vacation-home boom. Demand for vacation homes has fallen below the pre-pandemic baseline for the...
REAL ESTATE AGENT TRAINING: THE SECRET TO SUCCESS IN A CHANGING MARKET
Source: RisMedia --- In today’s changing real estate market, agents must be up-to-date on industry trends, as well as the larger fiscal changes in the world around us. From new technologies to inventory issues, to the post-pandemic shifting of customers’ needs, real...
What Is an Escalation Clause in Real Estate and When Should You Use One?
Source: Realtor --- What is an escalation clause in real estate, and how does an escalation clause work? When you’re deciding on what price to offer on a home, the situation might call for a single price or, in some cases, numerous prices via an escalation clause. In...
How To Reinvent Yourself & Your Business Enterprise
Once you have decided to reinvent yourself, the next decision is whether to stay in your chosen field or select a new one. Continue Reading How To Reinvent Yourself & Your Business Enterprise
Existing-home sales dip again as median prices reach historic heights
Source: Scotsman Guide --- Existing-home sales fell for the fourth straight month in May, sliding to a two-year low as median prices topped $400,000 nationally for the first time ever, according to the National Association of Realtors (NAR). Total sales ended May at a...
More Than 40% of Home Sellers Are Dropping Their Prices in Salt Lake City, Boise, Sacramento and Other Pandemic Hot Spots
Source: Redfin --- An increasing share of home sellers are lowering their asking price as rapidly rising mortgage rates cut into buyers’ budgets and homebuying sentiment drops. Price drops are especially common in mid-sized metros in the West–particularly in Utah–many...
