Economic Forecast: Expectations High, but Less Long-Term Optimism
The latest Urban Land Institute (ULI) Real Estate Economic Forecast predicts modest fluctuations across the board for 27 economic/real estate indicators. The three-year forecast is completed semi-annually, surveying over 48 economists and analysts at 36 real estate organizations. A leading concern? Rising interest rates. ULI forecasts interest rates to be 0.4 percent higher in 2018 […]
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Wells Fargo Fined $1 Billion for Abusive Insurance, Mortgage Practices
The government has handed down a $1 billion penalty to Wells Fargo for abusive consumer practices related to its administering of auto insurance and extensions on mortgage rate locks. In addition to the fine, the bank has been ordered to remediate affected consumers and implement improved practices. In 2017, Wells Fargo acknowledged it had charged […]
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Is ‘Green’ at a Premium? Depends Where You Purchase
Who says you need “green” to get a green home? According to an analysis by realtor.com®, eco-friendliness is becoming the norm—and being a green homeowner may not be as pricey as thought. While California’s costlier markets have high concentrations of green homes, there are also affordable pockets outside the Golden State—and, in many markets, eco-features […]
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Loan Originations: Home Purchases Up
Even with increasing interest rates, closed home purchases ticked up 6 percent in March, according to Ellie Mae®’s latest Origination Insight Report. Closed refinances slumped 5 percent. Across the board, closings took 41 days in March, one day less than in February; however, purchases took 43 days, two days less than in February. Closing rates […]
New Data Finds Homeowners Struggle When Selling, Despite Hot Market
Twelve days before Thanksgiving, Mark and Sue Meaney decided to put their 109-year-old house on the market. They looked at comps of similar-sized homes near their St. Paul neighborhood, agreed on a price with their agent and waited anxiously for their first offer to roll in. Mark and Sue knew their timing wasn’t ideal. The […]
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Technology and Teams: Lead Programs Fuel Statewide Expansion
Are you wondering how top producers are utilizing lead generation and other online tools? In the following interview, Thomas Brown of The Agency Texas, a rapidly-growing boutique agency, talks about implementing a lead program that works. Name: Thomas Brown, The Agency Texas Official Title: Founder/Owner Region Served: State of Texas Years in Real Estate: 20 […]
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Across the U.S., Affordability and Inventory Remain Unbalanced
Fewer homes are priced within reach today, according to the REALTORS® Affordability Distribution Curve and Score from the National Association of REALTORS® (NAR) and realtor.com®. Affordability is being challenged by increasing prices and rates, the report states. Affordability is most untenable in California, Hawaii, Montana, Oregon, Rhode Island and Washington, D.C.—all with “Affordability Scores” considerably […]
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Get Ready for the Rush: Homes Were Snapped Up in 2017
If 2017 is any indication, buyers will be against an all-out frenzy this spring and summer. In 2017, the median listing was snatched up in 81 days—a record, according to data from Zillow. Competition was fiercest in June, with 73 days on-market for the median listing. (Closings are included in the timeline.) In almost every […]
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REALTORS® Can Extend Their Liberty Mutual Benefits to Their Clients
NAR PULSE—A bonus for your members and savings for their clients—it’s a win-win! The Liberty Mutual Auto Insurance Referral Program™ allows REALTORS® to extend to their clients the same auto insurance savings and benefits that they have through NAR’s REALTOR Benefits® Program. Plus, for every client they refer to Liberty Mutual who completes an auto […]
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Teamwork and Collaboration
In the following interview, Todd Priest, broker of HomeSmart PV & Associates in Modesto, Calif., discusses the advantages of the brand, challenges in the market, and more. Region Served: Stanislaus, San Joaquin, Merced and Fresno Counties Years in Real Estate: 28 Number of Offices: 3 Number of Agents: 267 Best Time Management Tip: Keep things […]