Remove Closing Remove Days on market Remove Industrial
article thumbnail

Fed’s Beige Book offers grim news for housing industry

Housing Wire

A recent market report by digital mortgage exchange and loan aggregator MAXEX notes that the ongoing economic volatility “has had a profound effect on the housing industry.”. Boston — Higher interest rates cooled home-buying demand, leading to fewer closed sales in the First District’s residential real estate markets.

article thumbnail

Housing market hinges on mortgage rates and supply, not commission structures

Housing Wire

Although there is no doubt that business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement are going to impact how real estate industry professionals operate, economists aren’t too sure they’ll have much bearing on the housing market. “I

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Buyers are being picky — here’s how you can navigate it as a real estate agent

Housing Wire

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close.

Agents 476
article thumbnail

5 Reasons Today’s Housing Market Is Anything but Normal

Keeping Current Matters

Using this definition, here are five housing industry metrics that prove we’re nowhere near normal. Today, the average mortgage rate stands at 2.87%, which is very close to the historic low. Days It Takes To Sell a Home. The days-on-market metric gives an indication of how hot a market is and how quickly homes are selling.

Marketing 313
article thumbnail

Single-family rental market shows little sign of cooling 

Housing Wire

Average monthly SFR listings for the first half of 2022 came in at 43,891, up nearly 58% year over year, while closed monthly listings over the period averaged 5,788, up nearly 11%. metro areas with the highest median monthly rents as of the close of the first half of 2022, according to the HouseCanary report.

Marketing 397
article thumbnail

How to compete and win with your listing presentation (+ scripts)

Housing Wire

In this article, I’ll share close to two decades of experience as a licensed agent and small brokerage owner in Boston to help you compete and win listings with a dynamite listing presentation. Market Inventory: What is the current market and micro-market inventory?

Staging 435
article thumbnail

The best real estate brokerage software for 2024

Housing Wire

Visit AgentFire Sierra Interactive Brokerage pricing: Starts at $500/month for up to 5 users CRM included: Yes Example site: [link] Integrations: Follow Up Boss, Salesforce, Ylopo, Revaluate + more Sierra Interactive’s brokerage websites offer stunning custom designs and an industry-leading CRM to help your agents close more deals.

Brokerage 435