article thumbnail

Home prices stay elevated as inventory lags: Redfin 

Housing Wire

New listings have risen approximately 8% compared to last year, yet overall inventory remains below typical spring levels. Simultaneously, persistently high housing costs have driven pending home sales down by 4.2% year over year, the largest decline in three months with the exception of the previous four-week period, which saw a 4.4%

Inventory 476
article thumbnail

Opinion: Riding the wave

Housing Wire

As the spring selling season kicks off, many educated sellers know that buyers are experiencing spring fever and are tired of sitting on the fence watching home prices increase. In Denver in particular, new listings increased 29.12% month-over-month and 22.63% year-over-year. With only 1.3

Inventory 420
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

10 easy ways to make your next listing sell ASAP

Housing Wire

You’re excited to get your next listing on the market, but now you’re feeling the pressure to do an amazing job for your sellers, who have put their trust in you and are excited about making a move. It can net your seller thousands or tens of thousands more when you do this right! Make sure both places shine.

Sellers 417
article thumbnail

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. Regularly update content, share valuable insights about the local market, and interact with potential clients.

article thumbnail

How to set up your real estate database for referral success

Housing Wire

FACT : When you look at that amazing new listing that just hit the market and you see the listing agent and ask, “How did that agent get that listing?!” It is almost always because the seller already knew the agent! GOAL: Be that agent who the seller already knows and gets that listing.

article thumbnail

“Greetings from Missouri!” Millions are finding commission lawsuit postcards in the mail. Agents say it’s an opportunity

Housing Wire

It was mid-February when clients, family and friends began asking Jason Posnick about strange postcards appearing in their mailboxes. The mailers are titled “Notice of Proposed Settlements” and they began hitting the mailboxes of home sellers in mid-February. Lisa is super on the pulse. What do the postcards say?

Agents 427
article thumbnail

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

Housing Wire

We found that more than 99% of new listings in March included offers to pay the buyer’s agent. Furthermore, more than 96% of all listings included offers of 2% or more, and more than 67% are offering to pay 2.5% Compass has the best value proposition for buyers of any brokerage firm,” Reffkin said.

Agents 437