Recovery on the Horizon
Mortgage rates have increased significantly in recent weeks. And that may mean your clients have questions about what this means for them. Here’s some information that can help you keep your clients better informed when you are discussing their future home plans. The Impact of Rising Mortgage Rates As mortgage rates rise, they impact purchasing power by
If recent headlines about the housing market cooling and buyer demand moderating have you worried that the market is flipping fast, here’s what you need to know. Buyer demand hasn’t disappeared, it’s just eased from the peak intensity we saw over the past two years. Buyer Demand Then and Now During the pandemic, mortgage rates hit record lows,
The PRIME team was thrilled to deliver an all new Ask Me Anything session with Anna-Marie Woodard, ReferalExchange’s Director of Product! PRIME’s AMA series was launched in early 2022 to facilitate a direct line to ReferralExchange’s leadership and other team members. The featured guests for these events are uniquely positioned to enhance our agent’s success
The talk of a housing bubble in the coming year seems to be at a fever pitch as rising mortgage rates continue to slow down an overheated real estate market. Over the past two years, home prices have appreciated at an unsustainable pace causing many to ask: are things just slowing down, or is a crash coming? To
One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars. With so many buyers looking to purchase a home and so few of them available for sale, fiercely competitive bidding wars became the norm during the pandemic. But here’s the news you’ve been waiting for: data shows
According to the U.S. Census Bureau, this year, builders are on pace to complete more than a million new homes in this country. If you’ve had trouble finding a home for your client to buy over the past year, it may be time to consider a new build and the incentives that come with it. The Supply of
According to a recent survey from the Wall Street Journal, the percentage of economists who believe we’ll see a recession in the next 12 months is growing. When surveyed in July 2021, only 12% of economists consulted thought there’d be a recession by now. But this July, when polled, 49% believe we will see a recession in the
The answer to the question, will home prices fall this year, is currently weighing on a lot of minds, especially with the current market. So let’s break down what’s happening with home prices, where experts say they’re headed, and how this will affect your clients. Last Year’s Rapid Home Price Growth Wasn’t the Norm In 2021, home
We are back once again with another entry in our PRIME Webinar Series! This time, we brought in Evan Soloff, the CEO of Visceral Video, to give us some tips on capturing that perfect shot, and putting together a great listing video. With over a decade of experience, including working with Netflix and Marvel, and
The latest sales report shows us that while existing home sales are still in the decline, the median prices continue to grow. We are also seeing the inventory of unsold existing homes going up. With a clear equilibrium yet to be in sight, let us see what this month’s report can tell us about a
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