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Midwest housing markets good for first-time homebuyers: Zillow

Housing Wire

The number of first-time homebuyers made up 32% of all buyers in 2023, according to a report released by the National Association of Realtors. Millennials comprised 75% of this demographic, with older millennials and Generation X (ages 44 to 58) accounting for 44% and 24% of first-time buyers.

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5 activities real estate agents should do every morning

Housing Wire

The past year and a half, with its rising mortgage rates , low inventory, and economic uncertainty, has been a challenge for real estate pros, not to mention the buyers and sellers they serve. Make sure you’re ready to share new listings and that potential clients can easily contact you through your platforms.

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Compass CEO Reffkin believes agents will still be valued in a post-settlement world

Housing Wire

First, more buyers are using agents in 2023 than in 2003. Second, buyer agreements are not new. Third, Compass agents have doubled down on training to help them better communicate their value proposition. We found that more than 99% of new listings in March included offers to pay the buyer’s agent.

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Transform your real estate career overnight in 8 easy steps

Housing Wire

Agents are like seasoned athletes, always training, strategizing, and refining their techniques. Just like athletes, real estate professionals must stay in top form, learning new plays and adapting to the game’s ever-changing dynamics. • What are builders in your market offering regarding mortgage loans? Lather, rinse, repeat!

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‘Fraudsters gotta eat too:’ The title industry navigates an uptick in fraud

Housing Wire

What it means is there is a higher percentage of potential fraud per file,” Elizabeth Berg, the vice president for education and training at FNF Family of Companies , told attendees of the American Land Title Association’s ALTA One conference on Thursday. Fewer homebuying transactions means less fraud , right? “No! It is brute force.

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Why home-price growth is still up 18% year over year

Housing Wire

This means all those men and women since 2012 who have been saying its housing 2008 all over again on their YouTube , Twitter, Facebook and other social media outlets simply don’t have the proper training to talk about housing economics. I don’t need to see total active listing get back to the historical range of 2-2.5 From Redfin.

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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

It was listed at (list price) and sold well above the asking price. There are still plenty of buyers interested in this area. In fact, we had (number) offers, which means there are still ready, willing, and qualified buyers eager to make an offer! If you don’t have active buyers, ask around the office.