How is the housing market impacting real estate agents?

Housing Wire

A real estate agent at Compass Florida in Coconut Grove, Schechter has 12 years of experience in the real estate industry, so he’s familiar with its cyclical ups and downs. But today’s housing market has forced him to pivot to remain successful. But what about real estate agents?

Agents 267

In today’s hot housing market, how are real estate agents staying competitive?

Housing Wire

Or is being a real estate agent just a side hustle for you – something you do in your spare time? So, if you’re planning to be a real estate agent long-term, it’s probably a good idea to run your business like, well, a business, especially in today’s highly competitive housing market.

Agents 418
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Lawsuit claims Compass defrauds agents

Housing Wire

Compass defrauded its real estate agents out of millions of dollars in sales commissions and broke pledges to give agents shares of stock, according to a new lawsuit that seeks class-action status. One program has agents buying stock at the “preferred” price of $154 a share.

Agents 335

How real estate agents can alleviate consumer pain points in a tight market

Housing Wire

The severe lack of inventory in today’s housing market has been a source of stress for home buyers and real estate agents alike. For buyers in today’s market, the severe lack of inventory adds another layer of frustration, FOMO (fear of missing out) and a sense of urgency.

Agents 348

How agents are winning bidding wars in America’s most competitive markets

Housing Wire

In the ultra-competitive Westchester market, the odds were stacked against Heather Harrison and her client. With record-low interest rates, paltry inventory and a surge in buyers, agents are advising clients to be extraordinarily aggressive to win.

Local housing markets across the country

Housing Wire

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their market.

The Hawaii housing market heats up

Housing Wire

Real estate agents across the country have made it clear – low inventory and low mortgage rates have kept them busy throughout the pandemic, especially in typical vacation destinations. That trend is holding true for the housing market in Hawaii, located about 2,500 miles west of the mainland.

How Pueblo, Colorado became a hot housing market

Housing Wire

One example is Colorado’s housing market, which has seen the effects of an insanely competitive market combined with low inventory push buyers into secondary cities – and sometimes, beyond.

In defense of the individual real estate agent

Housing Wire

I saw a social media post recently by our local ‘mega-agent’ entitled: “Breaking News: Individual Real Estate agents added to Endangered Professions List!”. The individual agent is on life support, it exclaims. The individual agent. The mega-agent.

Agents 375

Seattle tops list of best metros for real estate agents

Housing Wire

cities determined that Seattle is the top market for real estate agents to currently work in, and Corpus Christi, Texas, was deemed the worst. In studying the cities, two factors were considered — job opportunity and competition, and real estate market health.

Agents 319

These were March’s hottest housing markets

Housing Wire

In modern history, the housing market has never seen a month like March. Record demand and the lowest levels of inventory on record pushed sales prices to record highs in March and made life very complicated for buyers, real estate agents, builders and lenders across the United States.

Luxury housing market inspires ‘total frenzy’ in vacation boom towns

Housing Wire

And while real estate agents repping luxury homes aren’t seeing as many bidding wars as they did this summer , their respective housing markets are still crazy right now. It’s been a really interesting summer, to say the least,” the agent at Tahoe Luxury Properties said.

Working with buyers in the nation’s hottest housing market

Housing Wire

Austin, Texas might be the hottest housing market in the country. 1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. It is just a super tight housing market.

Scottsdale housing market: Not just for snowbirds anymore

Housing Wire

But the Scottsdale housing market, and Arizona as a whole, has seen an enormous uptick in out-of-state movers in the past 14 months — when the COVID-19 pandemic began spreading across the country, ultimately allowing people to work from home and seek larger, more cost-effective lots to live on.

New program puts Black real estate agents at forefront

Housing Wire

The National Association of Real Estate Brokers has announced the creation of its “Black Real Estate Agent” program to provide financial, educational, and career support for aspiring Black real estate agents.

Agents 403

Compass acquisition could worry some California agents

Housing Wire

Compass announced Monday that it has reached an agreement to buy San Francisco-based real estate transaction platform Glide , a deal that some California real estate agents may feel uneasy about. Compass closed trading Monday at $18 per share, good for a market capitalization of $7 billion.

Agents 322

Even with low inventory, expect a strong 2021 housing market

Housing Wire

Total home sales are outpacing new listings by a wide margin every month, and real estate tech company Homesnap foresees the shortage continuing in 2021 unless more sellers enter the market. The post Even with low inventory, expect a strong 2021 housing market appeared first on HousingWire.

OJO Labs rolls out agent referral network

Housing Wire

OJO Labs has launched the OJO Select Network, an agent referral program that matches top performing agents with ready homebuyers or sellers based on an understanding of the agent’s skill set and the consumer’s needs. Select Network gives agents access to new leads, ready homebuyers who are kept engaged until they’re ready to work with an agent and custom consumer insights. Heller said Select Network will be available in over 50 markets by Nov.

Agents 273

First-time homebuyers fueling hot Des Moines housing market

Housing Wire

The Des Moines housing market has had a record-setting year for home sales, which local Realtors credit to low mortgage rates, the work from home phenomenon and Des Moines’ affordable lifestyle. Housing inventory in the Des Moines housing market is tight.

Compass aims for $10B+ market valuation

Housing Wire

would give the brokerage a “fully diluted market value of $12.5 Reuters and other outlets Tuesday morning pegged Compass’s hoped-for market value at $10 billion. Realogy has more than double Compass’s market share (and endured its own $356 million loss in 2020) but traded at $15.09

A coastal exodus? These Century 21 San Francisco agents don’t think so

Housing Wire

Although many in the real estate industry say that San Franciscans are relocating to places more inland , some Century 21 agents in the San Francisco and Bay Area beg to differ. These Century 21 San Francisco agents don’t think so appeared first on HousingWire.

Agents 389

Compass losing money, gaining market share

Housing Wire

Founded in 2012 in New York, Compass boasts 19,000 agents and has raised roughly $1.5 The post Compass losing money, gaining market share appeared first on HousingWire. Agents/Brokers Real Estate Compass Securities and Exchange Commission

Millions will enter housing market in 2021: Zillow

Housing Wire

And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housing market in 2021. Specifically, housing markets like Portland, Maine , Bay City, Mich.

Homes in Boise, Idaho are “flying off the market”

Housing Wire

1 midsized housing market to watch in 2020 , according to Zillow, because of its draw for young professionals, families, and retirees alike. The demand is clear — the Boise housing market has just 0.3 Especially if a home has acreage, it will “fly off the market.”.

RedfinNow launches in Phoenix housing market

Housing Wire

Phoenix is the first market RedfinNow has launched in 2021, following the launch of San Francisco and Seattle early last month. RedfinNow is entering an already crowded market, joining the likes of Zillow , Opendoor and Keller Offers as well as bridge solutions like Knock Home Swap.

Will we have a buyer’s housing market in 2021?

Housing Wire

If you’re looking to buy a home, you’ll stand the best chance in a buyer’s housing market, where listings are flush, demand is low and buyers have the upper hand — not to mention most of the negotiating power. Seller’s markets, on the other hand, are on the opposite side of the spectrum.

Why is the housing market thriving in a pandemic?

Housing Wire

The deadliest pandemic in more than a century has failed to derail the housing market because of the lowest mortgage rates ever recorded coupled with a shift in how people use their homes. The post Why is the housing market thriving in a pandemic?

Regardless of price, Austin homes still flying off the market

Housing Wire

Austin is still the nation’s hottest housing market, as tech workers continue to flock to the Lone Star State’s capital. Homes are staying on the market an average of 24 days, Redfin reported. The jumbo market for brokers is back in a huge way.

Top five questions to ask a potential real estate agent

Housing Wire

In today’s red-hot market, you need a real estate agent who can get creative, play hardball in negotiations, and help you stand out from the pack in a bidding war. And not everyone — even an agent recommended to you by a friend or loved one — is up to the task.

Agents 428

No seasonal slowdown this year as real estate agents report a busier-than-usual fall

Housing Wire

” Kanacki’s market, like many others, remains competitive as buyers continue to experience bidding wars amid historically low housing inventory and an uptick in home prices. “I Our market hasn’t let off because school has started,” Hamblen said. “We’re

Agents 429

Ben Caballero heads RealTrends’ 2020 top agent list

Housing Wire

Most of the highest producing real estate agents in the country belong to an established, national brokerage. The data captures a historic year in which the housing market cratered at the pandemic’s start only for sales to surge in the fall to their highest level since the 2006 housing bubble.

Agents 245

Need a real estate agent? Here’s how to pick the right one

Housing Wire

That’s what real estate agents are here for. Almost 90% of buyers recently used a real estate agent or broker to purchase their home, according to the National Association of Realtors. A real estate agent is a licensed professional who can guide you through the homebuying process.

Agents 428

When it comes to home sales, August is the new May, keeping agents busy into the fall

Housing Wire

Rather than a typically busy spring home-buying season , the COVID-19 pandemic pushed the bulk of home-buying this year into the summer months, and real estate agents are busier than ever. Homes on the market sold four days faster year over year, as total inventory is down 35%.

Agents 428

2021 will be the year of the tech-enabled agent

Housing Wire

With the right tech stack, agents and brokers have access to rich market insights at their fingertips, the ability to provide virtual home tours…and a deeper understanding of what consumers really want in a home.”. Instead, the need for a great agent is stronger than ever.

Agents 325

The Right Expert Will Guide You Through This Unprecedented Market

Keeping Current Matters

In a normal market, it’s good to have an experienced guide coaching you through the process of buying or selling a home. However, the market we’re in today is far from normal. Today’s housing market is full of extremes. For Buyers For Sellers Housing Market Updates Content Hub

The last stand for forbearance housing market crash bros?

Housing Wire

Forbearance will have to end at some point, and when it does, couldn’t all these homes flood the housing market at once, driving prices down and scaring would-be homeowners away from purchasing? . We know the current status of the housing market in America is vigorous, if not hot.

What a butt gym can teach agents about marketing

Inman

Marketing Real Estate Connect Select eXp Realty Facebook inman connect inman events instagram Jeff Lobb kenny truong marketing sparktank media youtubeAt Inman Connect, Jeff Lobb and Kenny Truong discuss creating a niche and becoming a community's Yelp.

The housing market faced uncertainty in March, but now ‘it’s a circus’

Housing Wire

The housing market faced a lot of uncertainty when COVID-19 caused the real estate industry to pause under shut-downs, but low interest rates and the desire for more space has turned this year into a boom time for real estate agents.

One creative way agents can drive up sales in a competitive market

Inman

Agent Sponsored custom moving van moving truck One creative way agents can drive up sales in a competitive market outdoor marketing

Sales 139

MTV or real estate? How 3 agents use music videos to market homes

Inman

These agents have taken their video marketing to the next level by producing full-on music videos and commissioning musicians to create original works to help sell specific properties.