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Buyers received concessions—such as money for repairs and mortgage-rate buydowns—in a record 42% of home sales in the fourth quarter, up from 31% a year earlier Home sellers gave concessions to buyers in 41.9% of home sales in the fourth quarter—the highest share of any three-month period in Redfin’s records, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s up from just over 30% in both the previous quarter and the fourth quarter of 2021, and outpaces the prior 40.8% high from the three months ending July 2020, when the housing market nearly ground to a halt due to the onset of the coronavirus pandemic. Redfin’s concessions records date back to July 2020 and are based on data submitted by Redfin buyers’ agents. Concessions have made a comeback as rising mortgage rates, inflation and economic uncertainty have dampened homebuying demand, giving the buyers who remain…
You have heard the term “entrepreneurship,” and perhaps as a business leader or C-suite executive, you fear the possibility of some of your team members leaving your organization to pursue their own great ideas. This is not because you do not want to see them succeed, but because you may lose them as an asset to your operation. But have you heard the term “intrapreneurship?” Does that sound like a typographical error, or do you have an inkling as to what that may mean for you and your organization? “Intrapreneurship is a form of organizational innovation that leverages the brilliance of even the most entry-level employees.” I have long encouraged the high-level leaders and managers at a multitude of businesses and organizations to allocate for innovation hours, where all employees come together with transformative ideas to progress the business or organization further. But believe it or not, these innovation hours and…
![What Can You Learn About a Healthy Lifestyle From One of the Top 3 Most Dangerous Females on the Planet? Join Cristy "Code Red" Nickel and Get the Scoop on How to Stop Whining and Get Healthy! [VIDEO]](/media/k2/items/cache/8f1d81a2584d436849efaa2e11607694_S.jpg)
Cristy “Code Red” Nickel is the author of “The Code Red Revolution” and has been in the health and fitness industry since 1994. While studying Exercise Science at the University of Memphis, Cristy competed in 3 NPC Figure competitions, placing in the top 5 at each show. In 2003, Cristy became a federally licensed professional boxer and fought in 15 professional fights all over the world over the next 7 years. She was named “Top 3 Most Dangerous Females on the Planet” by Ring Magazine, which landed her a coaching role on MTV’s hit series “MADE.” The success of that show propelled her to New York City to train top celebrities, business tycoons, models and professional athletes. In 2008, Cristy was awarded “New York’s Best Trainer” by Allure Magazine and featured in the August issue. After retiring from boxing, Cristy settled in Boise, Idaho with her husband, Miles and dog,…
Last week you had just a few more loans to close to close out the year, and then close the books and start fresh with a solid head of steam into 2023. At least, that is what I hope you all did! I had a few people who did open houses with their more engaged agents last weekend, I will be very interested in seeing how they went. Your business plan should already be in place. Your schedule should be adjusted to the realities of your market. All the new tools and technologies should have been adopted and fully functional, so you are all set to go next week so all you need to do is execute and adjust; track your results and execute again. Many are forecasting a challenging 2023, if you are prepared, it won’t be. If you aren’t, it always is. Either way, people will be buying…
The supply of homes for sale posted a record year-over-year increase this week as homes linger on the market. But some buyers are making their way back, with Redfin’s Homebuyer Demand Index showing an uptick in early-stage demand. The total number of homes for sale rose 18% from a year earlier during the four weeks ending December 25, the biggest increase since at least 2015, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Inventory is up even though new listings are down by double digits because homes are taking a long time to sell amid 6%-plus mortgage rates (the average 30-year rate ticked up to 6.42% this week), economic uncertainty and the typically slow holiday season. The typical home was on the market for 40 days before going under contract, more than double the record low of 18 days set in May and the slowest…
Join Cristy's Challenge!Visit her website for more information: https://10poundtakedownchallenge.com/join Cristy “Code Red” Nickel is the author of “The Code Red Revolution” and has been in the health and fitness industry since 1994. While studying Exercise Science at the University of Memphis, Cristy competed in 3 NPC Figure competitions, placing in the top 5 at each show. In 2003, Cristy became a federally licensed professional boxer and foughtin 15 professional fights all over the world over the next 7 years. She was named “Top 3 Most Dangerous Females on the Planet” by Ring Magazine, which landed her a coaching role on MTV’s hit series “MADE.” The success of that show propelled her to New York City to train top celebrities, business tycoons, models and professional athletes. In 2008, Cristy was awarded “New York’s Best Trainer” by Allure Magazine and featured in the August issue. After retiring from boxing, Cristy settled in Boise, Idaho…
Many businesses and organizations in today’s economic environment grow in a linear way. However, one may notice that there are just as many organizations that are growing exponentially. Exponential growth sounds much better than linear growth, doesn’t it? It is! Exponential growth as a business or organization is profoundly advantageous, giving your organization the opportunity to make huge differences in both the industry you operate in and the industries it impacts. There are two obvious questions in regard to exponential growth: What defines exponential growth, and who is capable of achieving it? Are only certain organizations in certain industries capable of exponential growth? Is there a way for your business to go beyond linear growth and start experiencing exponential growth, regardless of your company’s size or location?
We explored these two questions and more in a recent “Opportunity Hour: Conversations with The Masters,” which featured my esteemed colleague, Brad Peterson. Brad…
Some are already gone. Others will follow shortly. Some will be back on Monday or Tuesday, while others won’t be found until some time in January. The point is, if you have your plans all set and you are taking off until next year, have a great time and I will see you next year. However, if you are planning on working next week, you might just be the only game in town! If you are working; then WORK! Show up and personally connect with everyone you can, letting them know you are working and are there to serve those who are actively looking! Believe me, there will be people looking! So, spend some time coming up with your contact plan for Tuesday through Friday, you know, make your list, and check it twice kind of thing! Thoughts on what to do: Call every one of your preapprovals and ask…
Michael F. Combs is a literary fiction and non-fiction writer on a mission to help people find hope, build meaningful relationships and live with no regrets through his uplifting books. His life changed in 2003 after dying and coming back, not once but twice. Deprived of oxygen for too long, he lost his memory which provided a full “mental reset” that restored his childlike wonder of life. After nearly two years in recovery, Michael was more determined than ever to live life to the fullest. With his renewed purpose in life, he went on to defy all odds becoming a prolific fine artist, multi-book author, music and meditation composer and he even achieved his lifelong dream of becoming a pilot. Starting with nothing more than a dream, he earned a spot in aviation history with the The Flight for the Human Spirit, setting six world records and reaching 30 million…
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It appears that cold calling Realtors is back front and center with those mortgage people who never learned how to establish and build relationships. The ads and clips on social media hyping the possible rewards of making “100 calls a day” to agents in your market trying to establish a contact and a potential relationship are enough to give anyone pause to ask a few questions, like: 1. Are there even 100 Realtors in your market worth talking too? 2. Do you know who these people are and what their production is? 3. Do they control any business you would be interested in? 4. Are they more focused on listings or buyers? 5. Do they have a team or are they part of a team? 6. Does their company or branch already have a committed relationship? 7. How many other lenders are doing the exact same thing? 8.…
Today’s buzz is all about the “new” real estate market. Given the rise in interest rates, the recent and ongoing scarcity of housing inventory and the skyrocketing costs for new construction impacted by the pandemic, for most of the industry this is a “new” and changing market When the market tightens up, it’s the perfect time to refresh and replace old, tired tools with exciting new options that allow immediate service connections with simplicity and effectiveness And with change comes opportunity! These new resources and platforms that connect are now seamlessly directed to provide the ultimate customer connection and are far easier, faster and economical than the historically useful but dated platforms that give smart agents the competitive edge. So, what’s old that is now new? Let’s review a few oldies that have been “kicked up a notch” to better serve your customers and clients: Video Connection – Remember in…
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