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I live in a bustling neighborhood in Chicago called Boystown, the city’s best-known gay enclave, with a plethora of bars, shops, and other businesses tailored for the LGBT community. Having moved to Chicago a little more than five years ago, I’m always taken aback when natives tell me, “You wouldn’t have wanted to live in [...]
In a monthly survey of REALTORS®, respondents are asked “Compared to the same month last year, how would you rate the past month’s traffic in neighborhood(s) or area(s) where you make most of your sales?” Respondents rate seller traffic as “Stronger” (100), “Stable” (50), or “Weaker” (0) and the responses are compiled into a diffusion [...]
When you contact clients, make sure to offer something of value in the conversation so they don’t see it as a nuisance call. Content sponsor Firepoint, a real estate CRM company, has released The Rule of 3, a guidebook to help you create a communications strategy focused on increasing leads. Here’s what the company says [...]
Home stager: Justin M. Riordan, founder of Spade and Archer Design Agency, with offices in Portland, Ore., and Seattle The home: This Portland, Ore., home was a “complete and total fixer,” Riordan says. But it wasn’t anything that some savvy staging couldn’t fix. The 3,180-square-foot home was built in 1906 and features five bedrooms, 3.5 [...]
A nun with a great pitching arm, green roofs, house tattoos, set-jetting, floating farms and open offices. This nun is a better pitcher than Yu Darvish of the Cubs. It’s hard enough to get one hole-in-one, but three in a day is exceptional! Michelle Hofstrand/flickr/2005 Green roofs around the world. Learn how floating farms can [...]
NAR released a summary of existing-home sales data showing that housing market activity this July fell for the fourth straight month down 0.7 percent from last month, and dropped 1.5 percent from last year. July’s existing-home sales reached 5.34 million seasonally adjusted annual rate. The national median existing-home price for all housing types was $269,600 [...]
By Matt Clements Building a team, in my opinion, is a must. Think about it: Your clients expect it. In order to be a top agent today, it’s critical for your clients to know that you have power, reach, and resources behind you. You need a buyers agent, maybe even two or three. This power [...]
The Federal Housing Finance Agency (FHFA) on Tuesday announced that Fannie Mae and Freddie Mac will conclude their single-family rental pilot programs. National Association of Realtors® President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, issued the following statement commending the FHFA for its decision. With inventory shortages facing [...]
The REALTORS® Confidence Index (RCI) survey[1] gathers monthly information from REALTORS® about local real estate market conditions, characteristics of buyers and sellers, and issues affecting homeownership and real estate transactions.[2] This report presents key results about market transactions from July 2018. View and download the full report here. Market Conditions and Expectations The REALTORS® Buyer [...]
Existing-home sales decreased for the fourth straight month in July to their slowest pace in over two years, according to the National Association of Realtors®. The West was the only major region with an increase in sales last month. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased [...]