Commercial Real Estate News: The Top Stories of 2020
Not surprisingly, most of the commercial real estate news from 2020 focused on the effects of COVID-19. It’s impossible to avoid some discussion of the pandemic’s influence over commercial real estate, but many things other than COVID-19 happened to the industry last year. The following stand out as some of the top commercial real […]
What is the Biggest Challenge in the Real Estate Industry?
What Challenges Are Facing the Real Estate Industry? The real estate industry witnessed an unprecedented boom during the pandemic, but things are starting to slow down. Mortgage rates soared in 2022 and just began backing down at the end of 2022. Home prices also began falling to somewhat normal levels, but as anyone in the […]
Getting Real Estate Leads as a New Agent
Getting Real Estate Leads as a New Agent So you’ve completed your real estate education and received your license. You’ve just joined a firm or started a business of your own. Congratulations — you’re finally a realtor! The problem is that you need new leads to kick-start your career and don’t know where to find […]
How Many Americans Are Renting VS. Buying?
How Many Americans Are Renting VS. Buying? Nearly 3 in 4 renters say they want to own a home, yet less than half can afford to buy a home in their area. This narrative of low affordability is not new, but it echoes louder than ever following the pandemic, where we saw sky-high housing prices. […]
Less Homes Being Built and How it Affects the Market
Will Fewer New Construction Homes Impact the Market? Low mortgage rates during the pandemic sent the housing market on an unprecedented run. Now, with buying power and mortgage affordability plummeting, the demand for homes is falling. However, prices remain elevated and complex factors on both sides of the equation could lead to a different outcome […]
The Last 5 Years of the Housing Market Cycle
Can the Housing Market Cycle of the Past 5 Years Help Predict the Future Market? Real estate follows fairly predictable cycles. However, the pandemic of 2020 unseated the fairly steady housing market patterns established in recent years. This instability can make it challenging to predict when to enter the market, whether you’re buying a home […]
How a Mortgage Buydown Can Help Your Client Get a Lower Interest Rate
Getting a lower interest rate is bound to be a top priority for anyone looking to buy a home right now. As a real estate agent, arming yourself with the right information can help you respond helpfully to your client’s hesitations and close more deals. So, is it possible to get a lower interest rate […]
How Rising Layoffs Will Impact the Real Estate Market
How Rising Layoffs Actually Impact the Real Estate Market During the pandemic, central banks dropped interest rates to bolster slow markets and keep the economy moving. What happened next was completely unplanned. Consumer confidence skyrocketed, causing a housing market boom that more than offset whatever uncertainty the pandemic had caused. In the years following the […]
How is the 2023 Housing Market Different From 2008?
How is the 2023 Housing Market Different From 2008? When the pandemic started in 2020, the Federal Reserve anticipated a major downswing in consumer confidence. This led to a great decline in borrowing activity. To stimulate the economy, they lowered interest rates to record lows, causing the average 30-year mortgage to clock in at 2.97% in […]
Real Estate Markets to Keep Your Eye on in 2023
These Are the 3 Real Estate Markets to Watch in 2023 — And What Brought Us Here Over the past couple of years, mortgage rates have soared, putting welcome pressure on a housing market sizzling out of control. Recently, this inferno has begun cooling. It’s led some analysts to wonder: Will the housing market continue […]