Home sales are still on track to eke out a gain in 2018, but buyers are encountering three big obstacles as they shop: Swift price growth, climbing mortgage rates, and low supply of homes for sale.Freddie Mac researchers are calling it a “trifecta” of challenges for home buyers in the first five months of 2018. Nevertheless, researchers say they expect the healthy economy and strong consumer confidence to lead to a 3 percent increase in total
Online retail giant Amazon and homebuilder Lennar are teaming up to create “experience showrooms” that feature smart-home technology.“Amazon, Google, Apple—most of the technology-centric companies are starting to think about the home as a centerpiece for the way they think about the future of how their products work and how [users] interact with them,” Stuart Miller, executive chairman of Lennar, told CNBC. “Home automation is
Tom Ferry asks, Are your social media posts #stopworthy?I get more questions about social media than virtually any other topic.So today I want to share three social media strategies you must use.Download our Open House Mastery bundle, including a guide to hosting a mega open house, an all-new open house sign-in sheet, updated sign graphics, a proven script to use on the big day and more!Make your posts #stopworthyThink about your behavior when s
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A European Union law governing data privacy that takes effect today has left real estate brokerages and associations in the U.S. uncertain about its impact. The General Data Protection Regulation, known as GDPR, makes it a crime to collect data on any resident of the 31 E.U. countries without getting their permission. It also requires businesses to delete information about Europeans if they request it, among other things.But how relevant is it f
The South boasts many of the fastest-growing cities in the U.S., where unemployment is low and companies are hiring. Home prices are rising in many of these cities too, as new residents compete for the limited number of homes for sale.San Antonio, Texas, is the nation’s fastest growing city lately. Builders are putting up single-family homes in several master-planned communities in the city, and homes priced under $250,000 are getting snatche
Mortgage rates were on the rise again this week, reaching their highest level since 2011. The 30-year fixed-rate mortgage rose six basis points last week to an average of 4.66 percent.“Mortgage rates so far in 2018 have had the most sustained increase to start the year in over 40 years,” says Sam Khater, Freddie Mac’s chief economist. “Through May, rates have risen in 15 out of the first 21 weeks (71 percent), which is the highest share s
“There’s no question that the vacation rental business is booming,” Stephens says. The short-term rental market in the United States alone is approaching $18 billion in revenue, with a projected annual growth rate of 6.6 percent, he says.However, before you decide to take on a short-term rental, Stephens advises that you pass on these three questions to help ensure their success:1. Is a vacation rental a smart investment for you? Buying a
A new survey from the Mental Health Foundation suggests younger people in the workplace feel more stressed than their older colleagues. For young agents in a brokerage, an essential way to provide support to their pressure is to call on older pros for help. Brokers can set up mentorship programs between old and young or encourage younger ones to get involved in YPN as a social support group to de-stress among peers.It’s important for brokers
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