The Rule Follower This fear occurs when someone is so dedicated, almost addicted to following specific rules or guidelines set by those around them. They are paralyzed by fear of breaking a rule, even if it’s only a ‘practice’ and not a ‘law’. They’re easily intimidated by people more experienced and authoritative. The net effect of […]
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Key Highlights According to CoreLogic Q2 2020 Home Equity Report, homeowners with mortgages seeing equity increase +6.6% y/y Collective gain of +$620B since Q2 2019 Average individual gain of +$9,800 per homeowner CoreLogic released its latest Q2 2020 Home Equity Report the third week in September. This report indicates that homeowners with mortgages, some 63% […]
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Key Highlights Nearly 30M people missed at least one student loan payment during Q2 2020, nearly triple the 11M that fell behind on mortgage or rent payment According to Mortgage Bankers Association Research Institute for Housing America, every additional $1K of student debt lowers homeownership rate by some 2% Corroborates research done by National Association […]
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Key Highlights Sales of existing homes ticked up to 14 year high 6M existing homes sold in August, according to National Association of REALTORS® Wow! Wow!! Wow!!! Existing home sales ticked up to a 14-year high in August. According to the National Association of REALTORS® (NAR), 6M existing homes were sold in August. Download Your […]
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Today Tim Harris sits down with real estate icon Michael Reese. Michael and Tim drill down on all the latest real estate trends including Zillow and Open Door. Listeners will appreciate the unedited, direct answers to the most pressing questions most agents have. Will agents be relevant in the future? Now that Zillow is a […]
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Key Highlights Mortgage Bankers Association (MBA) forecasting refinance activity as high as $1.75T Strong wave of refinances driving mortgage origination volume to highest level in +15 years Current boom in refis unequally spread across market segments The refinance segment of the mortgage origination market has been driving volume to its highest levels in more than […]
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Key Highlights End of July, 1.3M existing single-family homes for sale, lowest volume for any July going back to 1982, according to National Association of REALTORS® Week ending September 12, total for sale inventory -29.4% from year earlier at lowest level since late 2017, according to Zillow Group “Every year we think,” said Danielle Hale, […]
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Key Highlights New survey by digital marketing company Curaytor indicates 50% of agents to spend more on social media 30% of agents to spend less on leads from third-party portals or gatekeepers Real estate marketing budgets in the second half of 2020 are beginning to look very different than those budgets did during the first […]
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Now that Zillow is finally admitting their intentions to open competing real estate brokerages across the nation, how will you react? What can you do to prepare yourself (and your real estate business) for the inevitable change in consumer behavior? Now, add in Open Door. Open Door appears to be ramping up to go head […]
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Key Highlights According to CoreLogic’s Single-Family Rent Index (SFRI), there an increase of +1.7% y/y in rent nation-wide for July 2020, down from increase of +2.9% y/y in July 2019 From average of rent price growth of +2.9% in Q1 to +1.7% in May and +1.4% in June, national rent price growth rate stabilized for […]
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Tim and Julie Harris 