How do you get transactions when there isn’t any inventory? Creative sales associates know how. 2021 looks to be a strong real estate market with rising prices and low interest rates. Right now, the only headwind seems to be a shortage of inventory in many markets. How do we close transactions when there isn’t enough […]
2021 kicks off with record low inventory and rising home prices, foreshadowing a competitive home-buying season Number of homes for sale hit a new low down nearly 43% compared to last year; active listings fall below 600,000 for the first time since 2012 New listings declined more than 23% year-over-year The median listing price increased […]
Real estate brokerage owners are bullish about the housing market but continue to run a lean firm and are concerned about inventory issues. The real estate market is moving full speed ahead according to brokerage firm leaders who responded to the REAL Trends Q1 2021 Broker Sentiment Survey. Some 61.4% predicted that home sales will […]
Owning a home is the dream for many people; however, the road to achieving that dream is not always easy, especially when they’re involved in a bidding war. A bidding war is what happens when multiple buyers compete for the same property. Each offers a more attractive price in an effort to win the home, […]
Welcome to the REAL Trending podcast where your host, Steve Murray, founder of REAL Trends Consulting and a senior advisor to HousingWire, offers insight and analysis on three trending real estate issues. Steve’s 30+ years in the industry allows him to give you a deeper understanding of today’s real estate business happenings. In Episode 93, […]
There are many reasons real estate agents leave a brokerage and a lot of times it has nothing to do with money or opportunity. Here’s how to take a holistic view of agent retention. Where there’s smoke, there is fire, but it might be coming from the chimney. Reasons for agents leaving isn’t a new […]
Payroll-related costs are a huge expense for brokerage leaders. How huge is huge? We took a look at recent data to find out the trends. For most businesses, personnel expenses lie atop the operating budget. The residential real estate brokerage industry is no exception. On average, payroll-related expenses in our industry are a good 10 […]
Despite lockdowns, some global real estate markets are doing well. Around the world, the economic fallout from the coronavirus pandemic and the lockdowns that followed have a far-reaching impact on real estate markets. Property prices in some areas are showing unexpected resilience despite this disruption. In Australia, the largest portal—realestate.com.au—reports that regional areas dominate the […]
Settlement service providers who gift consumers for using its services is fine, but there are certain conditions. May a real estate broker, lender, or other settlement service provider give a gift, rebate, or discount to a consumer for purchasing its services (or its affiliated services) under Section 8 of RESPA? “Generally, yes,” said the Consumer […]
You’ve heard the news about people fleeing the cities for more rural areas. It’s bigger than that—they are fleeing the states. While the news has been full of reports that people are fleeing the big cities, that migration has been happening for years. The pandemic; however, appears to have accelerated those moves. Now that people […]
