A shortage of homes for sale is now affecting the upper tier of the housing market too and prompting prices to escalate even more. The top 5 percent of homes by price sold in the third quarter saw their prices rise 4.9 percent compared to a year ago, according to a new report by Redfin, a real estate brokerage.The higher prices are due to a sharp decrease in the number of listings in the luxury sector, according to the report. The number of homes
Though every real estate professional needs business acumen, sales skills, and market savvy to be successful, a well-rounded practitioner also shows deep humility, gratitude, and care for their fellow neighbors. While much of last week’s REALTORS® Conference & Expo in Chicago was focused on ways to capture more clients and make more money, there were also inspirational sessions intended to tap into personal strength and a spirit of servitu
Prices continue to accelerate at record paces in a few select markets, and investors and homeowners are seeing their equity stake surge.Realtor.com®’s research team analyzed 300 of the nation’s largest metros between September 2014 and September 2017 to find which markets have seen the largest increases in median list prices over that period. Researchers looked at the percentage change—not total dollar uptick—over one-, three-, and five-
Nearly 38 percent of real estate agents have admitted to fearing for their personal safety on the job at some point. For female agents, the number is closer to half, according to the National Association of REALTORS®’ 2017 Member Safety Report.And now agents say they’re seeing a new danger emerge from drug addicts.CNBC reports: “The nation’s opioid crisis has put some real estate agents, especially those who represent higher-end propert
A rising homeownership rate could threaten the multifamily sector.The apartment market is showing signs of slowing—very subtly—as the homeownership rate ticks up. The homeownership rate in the third quarter rose to 63.9 percent. Even a one-percentage point increase in the homeownership rate could subtract about 800,000 rental units from net absorption, says Michael Cohen, CoStar direct of advisory services, in presenting the Multifamily Marke
Homeowners who neglect routine maintenance heading into the colder months may find themselves faced with an expensive repair bill. For example, forgetting to clean the gutters could cause ice to build up and damage your roof. Windows and doors not properly sealed could cause your heating bills to surge.The New York Times recently highlighted a few maintenance chores for homeowners to do before the weather gets chilly, including:Examine the ext
Real estate investors are utilizing parking spaces as lucrative investments in some major metros across the country. Buying up individual parking spaces is garnering greater interest among small investors who are looking for a low-maintenance investment with potentially big profits, The New York Times reports. For investors, parking spaces can offer a steady income, nearly zero maintenance, and limited damage to worry about.“It’s a gre
About RaluI have enjoyed the great pleasure of living in one of my favorite areas in the world: Where else can you find fabulous restaurants, great entertainment, warm and friendly people, beautiful parks, cool architecture? I know……you might be thinking of several exciting world cities but I truly love this area and I'm proud to work daily for my clients, helping them buy and sell Bay Area Real Estate.Once I show you around, I'm convinced yo
The National Association of REALTORS® Board of Directors today voted to give agents more flexibility in MLS choice, expanded the criteria hearing panels should consider when local associations are vying for territorial rights, and many other considerations recommended by committees at the 2017 REALTORS® Conference & Expo.One of the more contentious debates during the conference was over whether the association should adopt a Mandatory Waive
From mitigating risks to your company to best practices for supporting your agents, industry veterans and experts provided a plethora of resources for brokerage owners and managers during the REALTORS® Conference & Expo last week. These thoughtful discussions often resulted in the sharing of real-life stories and examples that brokers can put to use immediately. Here is a sampling of REALTOR® Magazine’s coverage from the event.What Makes
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