Real Estate Tips

    Homebuilder Confidence Falls for 8th Straight Month

    U.S. homebuilder confidence decreased for the eighth consecutive month in August, dropping to its lowest level since the beginning of the pandemic, according to new data from the National Association of Home Builders (NAHB) and Wells Fargo. The data, derived from a survey conducted monthly for over 35 years, is used to measure builder perceptions…

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    Housing Starts Fall to Lowest Level in Over a Year

    Construction of new homes fell more than expected in July, to its lowest level in over a year, according to new data released today from the U.S. Census Bureau and U.S Department of Housing and Urban Development (HUD). The new data show housing starts decreased to a seasonally adjusted rate of 1.446 million, a 9.6%…

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    The Hottest Zip Codes of 2022 Are in Small New England Cities

    New England recently added a new feather to its cap: it is America’s home-buying hotspot. Six of the top 10 hottest zip codes in 2022 are located in the region, according to a new report from realtor.com®, now in its eighth year running. All six New England zip codes were situated in unassuming, small cities…

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    Forbes Global Properties Names Michael Jalbert CEO

    Forbes Global Properties has announced it has named Michael Jalbert as Chief Executive Officer. Launched in December 2020, the network has quadrupled in size to include more than 12,500 agents spanning 400 locations across the U.S., Asia, Australia, Canada, the Caribbean, Mexico, the Middle East, New Zealand and Europe, the company stated. Drawing from more…

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    Compass Eliminates Financial Perks, Recruiting Tactics After Tallying Higher Losses in Q2

    Recent headwinds in the housing market have forced several companies to rethink their gameplans for the remainder of the year.  Among that list is New York-based Compass, which saw its shares nosedive following a lackluster second quarter performance where its losses grew at a higher rate than its earnings.  Compass’ latest earnings report indicated that…

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    Thriving in a Recession: Best Practices for Real Estate Team Leaders

    The changing real estate market and talk of a recession can invoke feelings of unease and uncertainty on how to proceed in the coming months. As a team leader, you have the additional stress of making sure your team is prepared for what lies ahead. By returning to your fundamentals, putting best practices in place…

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    Agents Believe Teams Are Key to Remaining in the Industry: Survey

    The majority of real estate agents working on teams believe they’re more productive and more likely to remain in the industry than if they’d opted to operate alone, according to a first-of-its-kind national study. The recent study, conducted by the Center for Generational Kinetics in partnership with Workman Success Systems, included over 500 agents and…

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    Report: Wells Fargo Plans to Shrink Mortgage Business

    A report from Bloomberg News over the weekend claimed that scandal-ridden Wells Fargo—which not long ago stood as a juggernaut in the mortgage lending industry—has planned a significant strategic pullback from home loans that both preceded and transcends the current tough economic environment. Like essentially every other mortgage lender, the bank has taken a hit…

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    RISMedia’s Newsmakers: Shining a Light on the Industry’s Iconic Leaders

    When a company has great leadership, success is inevitable. But what does it really mean to be a great leader in this industry? From providing the top resources and support to agents and clients, to sharing and implementing new ideas and strategies to positively impact the entire industry, real estate leaders who go the extra…

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    How Does a Broker’s Price Opinion in Real Estate Work?

    The term “broker’s price opinion” (BPO) is used in the real estate industry to describe a home appraisal that a real estate broker performs. A BPO is not an official appraisal but an opinion of the property’s value. A BPO is not binding on either the buyer or the seller and should not be used…

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