Women's Wisdom Network (979)
Will the different generations of home buyers get what they want during the changing real estate market trends? Homebuyers are welcoming in a positive shift because more houses are becoming available for sale with even more coming before the end of 2021. The extra supply of homes for sale is slowing the still-rising prices of homes across the country. The median home price in June 2021 was up 12.7% --down from 15.2% in May 2021. The measure of median home prices over the last year have been skewed because most of the homes sold were in prices above $500,000 to over 1,000,000 dollars. Aspiring home buyers had to work harder to find homes in the lower price ranges. That trend is making a turnaround. More newly listed properties are smaller and less expensive compared to last year. Younger homebuyers have a better chance of snapping these homes up.
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Here we are at the end of August, two thirds of the way through 2021 and we have about 90 days left to generate opportunities that will pay us in 2021. The most important things to focus on are where you are now, and what you need to do to complete the year strong and move into 2022 with momentum. With an increase in both purchase and refinance applications last week, 3% on purchase and 1% on refinance, we get the news that home inventories are up better than 5%. All opportunities to make yourself focus on what you can do to get in front of business. Now is a great time to review every pre-approval you have issued this year but didn’t close. Are they still looking, are they taking a break, or did they close with someone else? The first two present an opportunity to help move them…
Amy Stoehr – CEO of Real Estate Masters Guild Encouraging and supporting like-minded real estate professionals who want success, profitability, balance and significance as their operating model. I've been training with, teaching for, and learning from the real estate industry's brightest and best since 1993! My mission since 1998 has been to have a profound impact on improving the quality of people's business and personal lives. I spent nearly 12 years with one of the real estate industry's most influential trainers, Howard Brinton STAR POWER Systems. Their foundation of best practices from best agents simply made sense. And the synergy and family atmosphere nurtured there is one I continue to seek out when I attend conferences and create in our live event environments. On the personal side, I love to hike, and I put this to the ultimate test in September 2019 by summiting Mt. Kilimanjaro in Tanzania, Africa. That adventure became a life-altering experience that led to the creation of Kilimanjaro Kidz Education Foundation - I hope you take a few…
“You can’t build a great building on a weak foundation.” Picturequotes.com How strong are you financially? Is your source of income stable? If something personally earthshaking should occur, do you have enough savings to cover your expenses for three months or even a year? Are you investing in things that continue to build your wealth even while you sleep? For example, real estate has historically been an effective hedge against the effects of inflation. If you own your home, your net worth is probably looking better and better, with the values on homes appreciating at over 15% year over year. (Median home prices have risen at a higher percentage, but affordability is not calculated on median home price. Affordability is determined by comparing household income with the appreciation rate.) Lawrence Yun, the chief economist with the National Association of Realtors, predicts that home prices will continue to rise over the…
Sonia Gaby Martinez immigrated to the USA in 2000 after her country went through critical economic and political issues. After working in sales for several years in her original country Ecuador, Gaby's first job in the USA was at a tie factory sewing ties by hand, later and with very little English Gaby became the receptionist of a Real Estate Company in Hallandale, FL. She obtained her real estate license in 2006 and has been servicing Sellers and Buyers since then. In 2013 Gaby and Her husband founded Xtreme International Realty, a full service Real Estate company, one of the fastest growing real estate firms in Broward County with over (200) associates. She mentors new agents in their real estate career. Gaby is married and has 2 children 15 and 20 years old. A little more about me: Selected as 2018-2020 Miami Real Estate Board Governor, 2021-2022 Florida Realtors Director, Voted as one of…
Nora Crosthwaite spent years in software development and left to do something meaningful and positively impact the world around her. With no sales, marketing or real estate experience, After showing hundreds of homes since 2015, Nora realized there was a need for helping sellers prepare their homes for the sale and make them shine. Nora wanted a convenient online staging consultation but couldn't find the right fit. So, she created it: Stagerie. Nora runs a real estate team of three agents at Home Sweet Des Moines (brokered by RE/MAX Precision) and is growing Stagerie, available nationwide. Stagerie launched in 2020 and was one of six companies chosen for the Iowa Startup Accelerator program in spring 2021. Now, Nora has worked to make Stagerie the only occupied staging company that is a RE/MAX approved supplier and is actively looking for other partnerships. Stagerie has stagers in five different states, with more coming…
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“Financial independence is the ability to live from the income of your own personal resources.” Jim Rohn It’s a secure feeling, owning your own home with an affordable payment so you and your family can enjoy living life together. It’s a feeling of satisfaction knowing that as the value on your home goes up, and the balance on the mortgage gradually gets paid down, you are building wealth for yourself and those you love. 1. Know your comfort level for a payment and down payment. Experts on podcasts and financial posts suggest keeping your total house payment under 33% of your gross income. They recommend keeping your total house payment and payments on other debt no more than 43% of your gross income. Keep enough savings in the emergency fund to get your family through an emergency. Don’t rely on the mortgage loan officer to tell you what…
It’s the middle of August, which means you have 90 days to get in front of everything you are going to close and get paid for this year. Silly as that sounds; it is the reality. We really need to get ready for the sprint to the wire that is the next 90 days and we can start with knowing where we are. By now you know what is going to close in August, or pretty close to it. You also have a good idea of what September is going to look like. This will get you ¾ of the way to your annual numbers. It also sets the parameters of what you need to do to get to where you want to go the rest of this year. Key questions: • Are you tracking ahead or behind your business plan?• Are you off your blend of loans purchase/refinance?• Are…
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