Michael Crist

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So far Michael Crist has created 4362 blog entries.

Instant reaction: NAR Chief Economist Lawrence Yun on March Jobs Report

2019-04-05T08:16:20-05:00April 5th, 2019|NAR|

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics (BLS) report on the employment situation in March: “The job market is quite remarkable as more job creations and wage gains are adding to the pent-up demand for housing. The many new job holders are seeking the starter home,… Continue Reading Instant reaction: NAR Chief Economist Lawrence Yun on March Jobs Report

Older Millennials: Growing Up and Settling Down

2019-04-04T11:44:17-05:00April 4th, 2019|NAR|

New in this year’s report, the 2019 Home Buyer and Seller Generational Trends, is the segmentation of Millennials into two cohorts. Older Millennials, buyers aged 29 to 38 years, made up the largest share of home buyers by generation at 26 percent of all home buyers in 2018. This group was born between 1980 and… Continue Reading Older Millennials: Growing Up and Settling Down

Behave in Listings, Surveillance (Cameras/Microphones), Secure Valuables, Secure Listings

2019-04-04T11:01:08-05:00April 4th, 2019|Legal FAQs|

Unfortunately, a handful of buyers and buyers reps sometimes misbehave in listings. #1 issue, bathroom break then hunt for opioid pain killers. Some thoughts. Always tell buyers to assume surveillance and behave in listings. Never discuss confidential information when surveillance is possible. Cameras and microphones are so small now. Cameras are legally safer than microphones.… Continue Reading Behave in Listings, Surveillance (Cameras/Microphones), Secure Valuables, Secure Listings

Listing Rep Receive and Offer/Countoffer, Present to Seller, Respond to Buyer

2019-04-03T15:43:32-05:00April 3rd, 2019|Legal FAQs|

Listing Reps who receive a written offer or counteroffer from a buyer or buyer offer should timely and properly present the offer to the seller. Buyer Reps should always put offers and counteroffers in writing. REO servicer/sellers often are dealing with thousands of REO properties across the USA and rely on technology such as offer… Continue Reading Listing Rep Receive and Offer/Countoffer, Present to Seller, Respond to Buyer

Self-employed? You Have a New Friend When Applying for a Home Loan

2019-04-03T12:15:16-05:00April 3rd, 2019|NAR|

The two largest sources of mortgage money in the United States want you to know your chances of getting approved for a home loan if you’re self-employed has just gotten a lot better. Fannie Mae and Freddie Mac have rolled out new automated underwriting technology for lenders that take a lot of the guesswork and… Continue Reading Self-employed? You Have a New Friend When Applying for a Home Loan

Manufacturing and Housing in the Rust Belt States

2019-04-03T11:01:39-05:00April 3rd, 2019|NAR|

Job and wage growth are the economic drivers of housing demand. In this blog, we look at the employment and wage trends in the manufacturing industry and how the strong job growth in manufacturing has impacted housing demand in some Rust Belt states.[1] Download the State Employment Monitor. 2.5 Million Net New Jobs as of… Continue Reading Manufacturing and Housing in the Rust Belt States

A Communications Plan Helps Agents Deliver Value to Clients

2019-04-02T12:36:10-05:00April 2nd, 2019|NAR|

By Chirag Shah Communication is not only the lifeline in any relationship: It’s what separates the average from the exceptional real estate salesperson. Delivering an outstanding client experience is as important as all the marketing you will do to sell a client’s property. As professionals in a service industry, we must strive to create a rewarding client experience… Continue Reading A Communications Plan Helps Agents Deliver Value to Clients

Younger Millennials: Purchasing Habits Like Their Grandparents

2019-04-02T11:48:58-05:00April 2nd, 2019|NAR|

New in this year’s report, the 2019 Home Buyer and Seller Generational Trends, is the segmentation of Millennials into two cohorts. Younger Millennials, buyers aged 21 to 28 years, made up 11 percent of all home buyers in 2018, surpassing the Silent Generation as a buying group. This generation was born between 1990 and 1998,… Continue Reading Younger Millennials: Purchasing Habits Like Their Grandparents

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