Recovery on the Horizon
With demand at record highs across the country, there is little doubt that homeownership is a foundational part of the American Dream. As we look back on more than a year of sheltering in our homes, having a place of our own is more important than ever. While financial benefits are always a key aspect of homeownership, today,
Last week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7% compared to the previous month. This is the second consecutive month that sales have slowed and some see this as evidence that the red-hot real estate market may be cooling. There could also be a simple explanation as to why
The National Association of Realtors (NAR) released their monthly Existing Home Sales Report this week which indicated a 3.7% decline of sales compared to February, marking the second straight month of declines. Regardless of this month-to-month decline, year-over-year sales were actually up by 12.3% compared to March of 2020. Something important to consider with that
Mortgage rates are on the rise this year, but they’re still low compared to the historic average. Anytime there’s a change in the mortgage rate, however, it affects what your clients can afford to borrow when buying a home. As Sam Khater, Chief Economist at Freddie Mac, shares: “Since January, mortgage rates have increased half a percentage point from historic lows and home
For this episode, Amber and I are ecstatic to highlight our all new Client Reviews feature. These Client Reviews, which are exclusive to our PRIME agent profiles, will allow you to curate your past clients’ experiences, and be leveraged by recently matched leads to determine whether you are the best agent to support them. This
A few reports released this week paint the picture of a market that is finally facing the realities of ongoing constraints. For months, buyers, sellers, and real estate professionals have watched in awe as prices rose, inventory shrank, and interest rates continued to improve. The market continued to perform, with sales continuously exceeding those of
When selling a house, most clients hope for a quick and profitable transaction that puts them in a position to make a great move. Right now, after a year of rising prices and with inventory at record lows, there could not be a better time for them to list. If you have a client who
Over the past few months, borrowers have been experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 3.02%, rising almost 30 basis points in the past month. Flocks of homebuyers had been taking advantage of the continuously dropping low rates over
Our newest episode of the PRIMEcast is here, and it’s a good one! In this month’s episode, Scott and I review some our most recent product features such as getting an official Realtor badge on your profile and setting up a customizable price point based on past closing data. We also review some of our
As a part of the ReferralExchange PRIME experience, we are very excited to feature the second installment of our PRIME Webinar Series: Capturing Online Leads. These webinars, though all unique in nature, will provide our agents with approachable, informative, and insightful information about topics that will help maximize success with ReferralExchange. For this session, the
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