Posts

Showing posts from September, 2020

Events | Real estate business pillar #6

Introducing the Real Estate Pillars series! Here we will be discussing the 14 different pillars you can use to build your real estate business. Today's video is about the events pillar. We recommend focusing on 4 or 5 of these to create a solid business plan. Each pillar will be discussed in a separate video, so stay tuned to learn 14 different ways you can maximize your real estate career.

Why Selling this Fall May Be Your Best Move

Image
  If you’re thinking about moving, selling your house this fall might be the way to go. Here are four highlights in the housing market that may make your decision to sell this fall an easy one. 1. Buyers Are Actively in the Market ShowingTime , a leading real estate showing software and market stat service provider, just reported that buyer traffic jumped 60.7% compared to this time last year. That’s a huge increase. It’s clear that buyers are ready, willing, and able to purchase – and they’re in the market right now. In many regions of the country, multiple buyers are entering bidding wars to compete for the home they want. Take advantage of the buyer activity currently in the market so you can sell your house in the most favorable terms. 2. There Are Not Enough Homes for Sale In the latest Existing Home Sales Report , the National Association of Realtors (NAR) announced that there were only 1.49 million units available for sale. That number was down 18.6% from one yea

Why Pricing Your Home Right Matters This Fall [INFOGRAPHIC]

Image
  Some Highlights As a seller today, you may think pricing your home on the high end will result in a higher final sale price, but the opposite is actually true. To sell your home quickly and for the best possible price, you should eliminate buyer concerns by pricing your home competitively right from the start. Reach out to a local real estate professional today to make sure you have the guidance you need to price your home right this fall. SEPTEMBER 25, 2020 / BY  KCM CREW

Home Equity Give Sellers Options in Today’s Market

Image
  Homeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Home equity is a form of forced savings that can work to your advantage as the value of your home appreciates. Across the country, home equity was increasing before the health crisis swept our nation, and it continues to grow throughout the year, giving sellers powerful options in this market. According to the just-released Q2  Homeowner Equity Insights Report  by  CoreLogic : “U.S. homeowners with mortgages (roughly 63% of all properties) have seen their equity increase by a total of nearly $620 billion since the second quarter of 2019,  an increase of 6.6%, year over year .”   Dr. Frank Nothaft,  Chief Economist  for  CoreLogic,  attributes much of the equity growth to rising home prices: “The CoreLogic Home Price Index registered a 4.3% annual rise in prices through June, which  supported an increase in home equity .” As the map below shows,  CoreLogic  also indicates th

Home Builder Confidence Hits All-Time Record

Image
  Last week, the  National Association of Home Builders  (NAHB) reported their  Housing Market Index  (HMI) hit an  all-time high  in the 35-year history of the series with a score of 83. The index gauges builder perceptions of current single-family home sales and sale expectations for the next six months, as well as the traffic of prospective buyers of new homes. As the following chart shows, confidence dropped dramatically when stay-in-place orders were originally mandated earlier this year. Since then, it has soared back. Looking at the three-month moving averages for HMI scores, confidence increased in every region of the country: The Northeast increased 11 points to 76 The Midwest jumped 9 points to 72 The South rose 8 points to 79 The West increased 7 points to 85 Confidence Is Validated by the Numbers This confidence is definitely warranted. According to a recent NAHB  report , single-family housing starts increased 4.1% to a 1.02 million annual rate, and single-family permits i

Events | Real estate business pillar #6

Image
Introducing the Real Estate Pillars series! Here we will be discussing the 14 different pillars you can use to build your real estate business. Today's video is about the events pillar. We recommend focusing on 4 or 5 of these to create a solid business plan. Each pillar will be discussed in a separate video, so stay tuned to learn 14 different ways you can maximize your real estate career.

The Cost of a Home Is Far More Important than the Price

Image
    Housing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported : “Newly pending sales are up 25.5% compared to the same week last year, the highest year-over-year increase in the weekly Zillow database.” Whenever there is a shortage in supply of an item that’s in high demand, the price of that item increases. That’s exactly what’s happening in the real estate market right now. CoreLogic’s latest Home Price Index reports that values have increased by 5.5% over the last year. This is great news if you’re planning to sell your house; on the other hand, as either a first-time or repeat buyer, this may instead seem like troubling news. However, purchasers should realize that the price of a house is not as important as the cost. Let’s break it down. There are several factors that influence the cost of a home. The two major ones are the price of the home and

This Week in Real Estate

Image
  The index measuring home builder confidence has risen to its highest score ever this month and Fannie Mae predicts  This Week in Real Estat e  that mortgage volume will reach an all-time high of $3.9 trillion this year. Below  are a few newsworthy events from the  third week of September  that influence our business:    *  Builder Confidence Reaches 35-Year High in September.   The National Association of Home Builders and Wells Fargo Housing Market Index rose five points to 83 in September – the highest score the series has seen since its inception 35 years ago, according to a release from NAHB on Wednesday .  In September, all HMI indices, including current sales conditions, sales expectations and traffic of prospective buyers, reported their highest readings ever, the release said.   Regionally, the West continued to see the greatest confidence in the three-month moving averages – jumping seven points to 85.     Full Story …     https://www.housingwire.com/articles/builder-confide

Facebook | Real estate business pillar #5

Introducing the Real Estate Pillars series! Here we will be discussing the 14 different pillars you can use to build your real estate business. Today's video is about the Facebook pillar. We recommend focusing on 4 or 5 of these to create a solid business plan. Each pillar will be discussed in a separate video, so stay tuned to learn 14 different ways you can maximize your real estate career.

Is the Economic Recovery Beating All Projections?

Image
  Earlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S. economy for years to come. They immediately started to compare it to the Great Depression of a century ago. Six months later, the economy is still trying to stabilize, but it is evident that the country will not face the total devastation projected by some. As we continue to battle the pandemic, forecasts are now being revised upward. The  Wall Street Journal  (WSJ) just  reported : “The U.S. economy and labor market are recovering from the coronavirus-related downturn more quickly than previously expected, economists said in a monthly survey. Business and academic economists polled by The Wall Street Journal expect gross domestic product to increase at an annualized rate of 23.9% in the third quarter. That is up sharply from an expectation of an 18.3% growth rate in the previous survey.” What Shape Will the Recovery Take? Economists have his

The Surging Real Estate Market Continues to Climb

Image
Earlier this year,  realtor.com  announced the release of the  Housing Recovery Index , a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry by tracking each of the following: Housing Demand  – Growth in online search activity Home Price  – Growth in asking prices Housing Supply  – Growth of new listings Pace of Sales  – Difference in time-on-market The index compares the current status  “to the January 2020 market trend, as a baseline for pre-COVID market growth. The overall index is set to 100 in this baseline period. The higher a market’s index value, the higher its recovery and vice versa.” The graph below charts the index by showing how the real estate market started out strong in early 2020, and then dropped dramatically at the beginning of March when the pandemic paused the economy. It also shows the strength of the recovery since the beginning of May. Today,