REAL TRENDS Article Archive

  • MLSs Advance Small Business, Equity In Homeownership

    Summary:

    National Association of Realtors President Charlie Oppler talks benefits of the Realtor marketplace. A critical foundation of American homeownership is the Multiple Listing Service (MLS)...

  • Dems Propose 20-year Mortgage For First-Gen Homebuyers

    Summary:

    Democrats Propose 20-year Mortgage For First-Gen Homebuyers — the LIFT Act would create a program through HUD to sponsor low fixed-rate 20-year mortgages...

  • August Housing Starts Better Than Expected

    Summary:

    Housing starts continue to rise despite material and labor shortages. U.S. homebuilders started construction on 1.615 million homes in August, up 3.9% from July 2021 and 17.4% higher than a year ago, according to a new report by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development...

  • Is The Relo Boom Slowing? Barely.

    Summary:

    Miami and Sacramento are top destinations for relocating homebuyers. Nationwide, 30.1% of Redfin.com users looked to move to a different metropolitan area in July and August, down slightly from 31.1% in the second quarter but up from 28.7% during the same two-month period in 2020...

  • Bidding Wars — The Scourge Of Buyers — Slowed In August

    Summary:

    Bidding-war rate in markets Redfin operates in, dropped below August 2020 level. The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren't as frequent in August, according to the latest report...

  • Study: Homebuyers Don't Understand Closing Documents

    Summary:

    Despite the requirement of closing disclosures (CDs) to inform homebuyers of their transaction costs, consumers still don't understand the costs associated with buying a home. Only one in five homebuyers say they understand all of the closing documents they signed at closing...

  • What Sellers Really Want From A Listing Agent

    Summary:

    Sellers want to know real estate agents are listening to them before they give you the listing. Recently I was asked, "What do sellers really want from me when I go on a listing appointment?" Sellers want to be heard...

  • Valuing A Real Estate Agent's Business

    Summary:

    Determining the value of a real estate agent's book of business can be complicated. How many agents and teams retire and either give away their book of business/database or want to sell but don't have anything of value to sell?

  • How To Change Real Estate Brokerages Without Burning Bridges

    Summary:

    According to the National Association of Realtors, in 2021, the median tenure of an agent with their current firm was five years. As a real estate agent, in most cases you're an independent contractor, and you have an agreement with your brokerage that is reciprocal in both benefits and responsibilities...

  • Study: Real Estate Firms Thrive On Repeat And Referral Business

    Summary:

    Referrals from past and repeat customers still generated the greatest number of inquiries for real estate firms in 2020 with 30% of brokerage business coming from this source, the same amount as in 2018, when the survey was last completed...