Market Updates
Seller Optimism Is Mysteriously HighEven with more home sellers reducing their initial asking prices, a recent survey found that they're feeling quite optimistic these days. Over 75% of them aren't expecting to lower their asking price. However, this outlook doesn't...
Market Updates
May Home Sales, Prices Rise SlightlyRecent NAR data found that sales of previously owned homes rose slightly in May, up 0.8% from the previous month. This brought sales to an annualized rate of 4.03 million units. However, sales were 0.7% lower than during May 2024.On...
Market Updates
Buyers Caught a Break in MayPotential home buyers finally saw conditions improve last month. Less competition translated into 3.5% more sales than in April, with plenty of inventory to check out. Homes for sale hit a post-2020 high of 1.3 million listings. Sellers...
Market Updates
New Fannie Survey Finds Increased Buyer OptimismAccording to Fannie Mae's latest National Housing Survey, overall confidence in the housing market is rising. Their Home Purchase Sentiment Index (HPSI) for May 2025 rose to 73.5, which is up 4.3 points from April, and...
Market Updates
How to Create Your Brand KitHave you ever noticed how some brands are instantly recognizable from a distance? Golden arches mean McDonald's while green mermaids say Starbucks. If you're new to the business or setting up your own office, creating your own brand kit...
Market Updates
Go For Believers, Not Followers This YearUsing social media to connect with prospects and borrowers may seem tricky at times, especially when the real estate market is less than ideal. While sharing your expertise online is important, you may need to put a new spin on...
Market Updates
More Sellers Ready to NegotiateNew listings have grown 9.8% month-over-month, encouraging more buyers to begin or renew their search for their next home. Inventory nationwide is up nearly 20% year over year, reaching levels not seen since August 2020. Some major...
Market Updates
Mortgage Demand Rises in Early MayLast week, new purchase loan applications rose 11% and were 13% higher than the same week in 2024. This puzzled some economists, as 30-year conforming mortgage interest rates only saw a slight decrease during this time.The increase in...
Market Updates
South Region Numbers Top Pending SalesRecent statistics from the National Assocation of REALTORS® (NAR) reported a 6.1% increase in pending home sales during March 2025. This was the biggest month-to-month increase since December 2023.While two regions experienced...
Market Updates
Home Prices Falling in Major MetrosIt's potentially good news for buyers, bad news for sellers. While property prices are still increasing, the gains are slowing. Recent data found that national home prices only rose 2.1% year-over-year, which is the slowest growth...
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