Homes on the market have surged—up nearly 20% compared to a year ago—offering a glimmer of hope in a market long hindered by limited inventory. While this uptick slightly eases price pressures in some regions, supply still falls well short of demand in many markets, keeping a large group of prospective buyers locked out. Who’s …
Category: Real Estate Tips
Aug 19
Mortgage Forbearance and Its Ripple Effects in Today’s Housing Market
What Is Mortgage Forbearance? Mortgage forbearance is a temporary arrangement with your lender that allows you to pause or reduce mortgage payments when facing a short-term financial hardship—like job loss, illness, or natural disaster. While forbearance offers breathing room, it doesn’t cancel what’s owed. Deferred payments and accrued interest must eventually be repaid under agreed …
Aug 18
Gain a Local Advantage with the New NAR Metro Market Statistics Dashboard
A Powerful Member-Only Resource NAR has introduced a brand-new, member-exclusive tool: the Metro Market Statistics Dashboard. Think of it as your one-stop shop for local housing market insights—updated every month and tailored to over 200 metropolitan areas. It delivers a clear snapshot of local market conditions, including: As NAR Chief Economist Lawrence Yun puts it, …
Aug 15
The “Magic” Mortgage Rate That Could Heat Up the Market
Even as mortgage rates remain elevated, buyer interest is waiting on a trigger—and according to the latest from the National Association of REALTORS® (NAR), that trigger is a 30-year fixed rate of 6%. Why 6% Matters Now NAR economists estimate that a drop to 6% would expand affordability to an additional 5.5 million households, including …
Aug 14
Homeowners Reaping Big Equity Gains Despite Cooling Sales
Even though home sales slowed significantly in June, homeowners are still seeing impressive equity growth. Here’s a breakdown of what’s happening: Housing Market Overview Prices Are Still Rising Inventory and Buyer Behavior Regional Trends What’s Holding Buyers Back—and What Might Help Summary Even as home sales cool, owners are seeing solid equity gains—thanks to rising …
Aug 12
Housing Market Sees an Uptick in Listings, But Buyers Are Staying Cautious
The housing market is showing some signs of change, as more homes are making their way onto the market—but prospective buyers are holding back. Despite the rise in inventory, buyers aren’t rushing in to make deals. So, what’s causing this hesitation, and what does it mean for both sellers and buyers? More Homes on the …
Aug 11
National League of Cities Expands Housing Initiative With New Partners
As housing supply shows signs of improvement across much of the U.S., the National League of Cities (NLC) is stepping up efforts to keep the momentum going. Their initiative, America’s Housing Comeback, is gaining traction—and new partners. On August 6, the National Association of REALTORS® (NAR) announced it is teaming up with the American Planning …
Aug 11
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Aug 08
How Brokers Can Help Agents Communicate Their Value
Real estate pros—especially buyer’s agents—need guidance on how to explain their services to clients. Recent class-action lawsuits have made crystal clear that the real estate industry is in the midst of a paradigm shift, which means brokers and agents need to shift their business practices, experts said Monday at the Small Brokers Committee meeting during …
Aug 06
Ways to Guide Real Estate Agents Through the Market
If you’re a broker or manager, your agents need your time, attention—and rational thinking. Many real estate agents today are in need of intentional, hands-on help from their brokers. It’s easy to get caught up in the unknowns of the market and unrest in the industry, and without strong leadership, agents might flounder and catastrophize. …
Aug 05
Brokers Say Leadership, Relationships Matter Most
Panelists from RISMedia’s Power Broker Forum talk about where they’re focusing their energy to start strong next year. Many brokers found that tumult characterized 2023. Interest rates and inflation caused a major dip in the market, and the slowdown made clear the gaps in professionalism among less-experienced agents. At the RISMedia Power Broker Forum during …
Aug 04
Help Part-Time Agents Become Full-Time Rock Stars
With a little support, your motivated, fire-in-the-belly, part-time agents will find full-time success. Some part-time agents need a helping hand in order to make the leap into real estate full-time. We have developed 15 strategies to help brokers create a work environment where agents feel comfortable leaving their previous careers behind and fully dedicating themselves …
