5 Tips for Selling Homeowners Insurance in 2022
In some ways, the market for homeowners insurance has never been better. The housing market has soared in recent months, with people reacting to the change in job demands since the pandemic and realizing they need more space. However, the number of homes available is somewhat stagnant. The competition for buying houses is fierce, and […]
What to do When Selling a Home With Negative Equity
When your home value falls below the amount you still owe on your mortgage, this is considered negative equity—or an underwater mortgage. There are many reasons a home can fall into negative equity, including damages to the property, a declining real estate market, or a high loan-to-value ratio. In many cases, negative equity is simply […]
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 […]
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 […]
Finding Motivated Sellers of Off-Market Properties
Finding Motivated Sellers of Off-Market Properties Learning how to find motivated sellers is a critical skill for real estate agents and investors alike. Of course, your goal is to find these sellers before they list their property. It might sound tricky, but with this advice, you’ll be able to locate them first and easily make contact. What […]
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 […]
Will Mortgage Rates Drop in 2023?
Market Prediction: Will Mortgage Rates Drop in 2023? During the pandemic, the average rate for a 30-year mortgage was 2.68%. Today, it’s sitting at around 6.3%. These rising interest rates and sky-high housing prices have left many investors and potential buyers worrying about affordability. The critical question is: will mortgage rates drop in 2023? Unfortunately, […]
What Do Higher Interest Rates Mean for Your Real Estate Business?
What Do Higher Interest Rates Mean for Your Real Estate Business? Experts predict that the Federal Research will hike interest rates to at least 4% by the end of 2022 and stay at that level throughout 2023. The catalyst behind the current rate changes is inflation, which happens when the cost of prices and services increases. High-interest […]
Find the Most Lucrative Off-Market Listings in 2023
Finding Off-Market Listings in 2023 Most people looking for properties typically follow this trajectory: They check a real estate marketplace like Zillow or Redfin with properties from multiple listing services. They contact the realtor or real estate agent that listed the property on a multiple listing service (MLS). When they’ve settled on a few potential properties, […]