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

Housing Wire

Incomes, wealth, life events, mortgage rates all play a role in determining housing demand, while on the supply side we have land costs, government regulations in terms of zoning rules, geographic constraints to building and builder financing costs,” Divounguy added. “So, As these business practice changes begin Aug.

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SmartZip Review: Can data improve your prospecting game?

Housing Wire

Smart Targeting: Automated marketing to homeowners, including an eight-week, eight-email drip campaign, targeted online advertising, and direct mail. This enables you to focus on prospects who have scored high using the algorithm, and leverage one-on-one personalized marketing combined with targeted online advertising to get listings.

Branding 459
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Fed’s Beige Book shows recent moderation in mortgage rates propped up demand for homes

Housing Wire

But real estate agents noted that higher interest rates have severely limited new listings over the past year and were responsible for the significantly lower level of closings. Days on market increased slightly but remained below historic averages. Sales prices have flattened, but there were still multiple offers on many homes.

Mortgages 448
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The nation’s housing market is on a correction course

Housing Wire

The worst price declines [are projected to] be close to double digits — [near] 10% peak to trough — [in places like a] Phoenix, or Tampa. However, contacts reported there was a shift in market activity to slightly lower sales volumes and a reduction in buyer traffic, which they attributed to higher mortgage rates.

Marketing 418
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Pros and cons of buying out-of-state rental property in 2022

Housing Wire

You found a property you love and may want to retire to one day but will rent in the meantime. Before we get into how you invest in real estate outside your state, let’s look closely at the benefits so you can see why it’s a good idea for many investors. Market Growth. You May Save Money.

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30 real estate social media post ideas (+ popular agents to follow)

Housing Wire

Make sure to also include a brief story of their buying journey in your caption, and how you helped them land their dream property. Sharing this data keeps your followers informed and gives them the confidence that you have a solid understanding of the market.

Agents 435
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Land of the First Boardwalk: Down Payment Assistance in New Jersey

HomeLight

Unfortunately, a tight real estate market with little inventory can make it challenging to find a house that fits your budget. Plus, down payment and closing costs in New Jersey can set you back thousands of dollars. In most housing markets (and New Jersey is no exception) it’s all about location, location, location.

Land 110