How will mortgage rates impact seasonal inventory in 2024? Is the seasonal bottom going to happen later than I want? Maybe. It’s not what I wanted to see in 2024, but I have to be realistic since we are already in February. In the last four years, we have had abnormal seasonal inventory data, meaning […]
Democratic Sens. Amy Klobuchar (Minn.) and Tim Kaine (Va.) have reintroduced their Housing Supply and Affordability Act to the U.S. Senate in the hope of establishing a new grant program that would fund local government efforts to develop and implement housing policy plans. Announced on Thursday, the proposed bill would “provide technical assistance to help […]
Retired couples who are Medicare beneficiaries could need as much as $413,000 saved to cover medical expenses in the latter stages of life, an increase over the previous year’s estimate of $383,000. This is according to new findings from the Employee Benefit Research Institute (EBRI). The figure is the “predicted savings target for Medicare beneficiaries […]
A secondary school teacher in Colorado makes on average just under $63,000, according to the Bureau of Labor Statistics. If a Colorado teacher making the
The new year is bringing some major changes to Compass CEO Robert Reffkin’s compensation plan. According to a document filed last week with the Securities
Mortgage demand fell over the holidays despite declining mortgage rates. Mortgage applications decreased 9.4% for the week ending Dec. 29 compared to two weeks earlier,
What should you avoid saying or doing on a listing presentation? Whether you’re presenting to a good friend, a referral client or a colder lead,
Valuation in the residential brokerage industry has some characteristics that are unique when compared to other industries and businesses. First, the business of residential brokerage
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Real estate agents are optimistic about the housing market and working to implement buyer agency agreement as we head into 2024, according to the RealTrends Q1 2024 AgentPulse survey. The survey, which was conducted between the end of November and the end of December 2023, garnered 136 respondents, with 28
A secondary school teacher in Colorado makes on average just under $63,000, according to the Bureau of Labor Statistics. If a Colorado teacher making the average salary had $20,000 to put towards a down payment and were willing to spend 30% of their pre-tax salary on their mortgage payment, she
The new year is bringing some major changes to Compass CEO Robert Reffkin’s compensation plan. According to a document filed last week with the Securities and Exchange Commission, Reffkin is relinquishing $25 million in performance-based restricted stock unit awards in exchange for a $7 million cash bonus. In addition, his
Mortgage demand fell over the holidays despite declining mortgage rates. Mortgage applications decreased 9.4% for the week ending Dec. 29 compared to two weeks earlier, according to data from the Mortgage Bankers Association (MBA). The 30-year fixed mortgage rate closed 2023 at 6.76%, more than one percentage point lower than
What should you avoid saying or doing on a listing presentation? Whether you’re presenting to a good friend, a referral client or a colder lead, there are some universal mistakes you must avoid if you want to take the listing. The good news is that all of these things are
Valuation in the residential brokerage industry has some characteristics that are unique when compared to other industries and businesses. First, the business of residential brokerage is highly dependent on the recruiting, retention and production of independent contractor sales agents. Brokerage firms are not producing goods on a factory line —