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Here’s the salary you need to buy a home in five of the largest U.S. cities

Housing Wire

If you’re considering purchasing a home, you probably have a lot of questions. Since home prices vary state-by-state, the salary you need to qualify for a mortgage in the U.S. For example, the median price of a home in New York is typically more expensive than a home in Wisconsin. Affording a home in the U.S.

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High-end home sales still rising in California, Florida

Housing Wire

Home sales on properties labeled as “expensive” or “high-end” have skyrocketed in California’s Bay Area, Miami and Las Vegas in 2021, and overall purchases of high-end homes in the country jumped 26% year over year during the three months ending April 30, according to a recent study from Redfin.

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Amid heavy financial losses, iBuyers bought 70,000 homes in 2021

Housing Wire

So-called iBuyers purchased a total of 70,402 homes in 2021, more than doubling the number purchased in 2019, according to a report from Zillow released on Tuesday. Beyond just a record number of purchases by the iBuying companies, the number of completed home sales (44,933) also exceed the previous high from 2019 (28,265).

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Will the WFH trend affect the housing market after COVID?

Housing Wire

My instincts tell me that, for the most part, whatever happens in a crisis stays in a crisis. So what about the relatively recent cultural trend of working from home? Even before COVID-19, there was a rise in people working from home. For most of us, that decision is in our employer’s hands and not one we make for ourselves.

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Stewart says business is getting back to normal

Housing Wire

2020 and 2021 were two of the best, as well as most challenging years in the title industry as a whole given tremendous changes in the market historically low rates and an ongoing impact and uncertainty caused by COVID,” Stewart chief executive officer Fred Eppinger said during the company’s fourth quarter earnings call on Thursday.

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Opinion: How marketing automation saved an LO’s business

Housing Wire

But when it comes to marketing a real estate or mortgage lending business, people who have made a sale in the past often consider marketing automation a “nice to have.”. He was so good at his job that a few years back his company gave him a spot on its annual, all-expenses-paid trip around the Caribbean. Nobody wanted to own a home.

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Inside Redfin’s unique, brave and vulnerable business model

Housing Wire

But Alipour exited Redfin for Compass last month, due to Redfin’s sales expectations. In exchange, the agents set a sales commission and negotiate with the brokerage their commission cut. “It is high-volume work,” Alipour recalled. With a two-year-old, I couldn’t meet the quota,” she said. For the hours you put in,” Wilfinger said.

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