Millennials, Gen Xers and baby boomers all ranked the overall economy as the top issue in their presidential pick. Preserving democracy was more likely than housing affordability to weigh on Gen Xers’ and boomers’ minds More than nine in 10 (91%) adult Gen Zers say housing affordability is important when considering who they will vote for in the upcoming presidential election, making it the top issue for that generation, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Gen Zers were more likely to rate housing affordability as an important factor in their vote than any other issue they were asked about, including the economy, abortion and gun rights, preserving democracy and foreign wars. This is according to a Redfin-commissioned survey of roughly 3,000 U.S. homeowners and renters conducted by Qualtrics in February 2024. Millennials, Gen Xers and baby boomers were all more likely to say…
Posted On Friday, 07 June 2024 11:22 Written by
Nationwide, price drops are at their highest level since November 2022, suggesting more metros may soon see sale prices decline Home-sale prices are declining year over year in four major U.S. metros, three of them in Texas: Austin (-2.9%), San Antonio (-1.2%), Fort Worth (-1.2%) and Portland, OR (-0.9%). The last time prices fell in four or more metros was in January, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Nationwide, prices rose 4.4% from a year earlier to an all-time high during the four weeks ending June 2. But there are early indicators that national price growth could soften soon: 6.4% of U.S. home sellers cut their asking price, on average, the highest share since November 2022. And the typical active listing has been on the market for 46 days, up 2.3% year over year–the biggest increase in nine months, suggesting home listings are…
Posted On Thursday, 06 June 2024 06:48 Written by
We’re heading into the third quarter of the year, and it’s time to ramp up your activities so you can finish the year with a bang! Take a look at the number of pending transactions and listings in your pipeline today; are you disappointed in those numbers? If so, you better look at your prospecting habits. So many agents get caught in the cycle of working with buyers, closing, and then have to start that process over again. That approach creates a lot of peaks and valleys in the sales cycle… and a lot of dry spells. The secret to a full pipeline is prospecting every single day. Top producers understand the power of blocking time every day for prospecting activities. Just like you get up and take a shower every day, when you schedule your prospecting activities, it becomes a “success habit” and part of your daily routine. If…
Posted On Thursday, 06 June 2024 00:00 Written by
Though steep mortgage rates have made homebuying considerably more expensive than a few years ago, shopping around for a mortgage and comparing offers from different lenders could still help borrowers save a significant amount of money. To show just how much money those who shop around could save, we analyzed data from 34,000 users of LendingTree's online loan marketplace who received two or more offers from mortgage lenders in 2024. Using this data, we determined how much borrowers in each of the nation’s 50 states could save if they chose the lowest APR offered instead of the highest. Here's what we found.  Borrowers across the nation’s 50 states could save an average of $76,410 over the lifetime of their loans by shopping around for a mortgage. That breaks down to an average savings of $212 a month and $2,547 a year. Three states with expensive home prices, California, New Jersey and Hawaii, are…
Posted On Wednesday, 05 June 2024 07:05 Written by
One of the great blessings of my life was my friendship with Dr. Norman Vincent Peale, the author of The Power of Positive Thinking. He was undeniably a legend of positive thinking. We were both on the speakers' staff of The Positive Thinking Rallies, a movement that began in 1975 and still lives on today. I started as the emcee and introduced Dr. Peale more than 50 times over a period of years.   On several occasions, I had dinner with Dr. Peale and his lovely wife, Ruth. Dr. Peale was gracious, authentic and always inquired about me, my career, and my family. His genuine optimism was impacting on me, and I often said to myself, if this great man is a product of positive thinking, then I’m all for it. He made a lasting and optimistic impression on me, from which I am still benefiting! Below is a story from…
Posted On Wednesday, 05 June 2024 00:00 Written by
Is it better to live a successful life or a significant one? The better question here is: Is it better to only work in the name of bettering your own situation or to leave the world a better place than how we found it? As an entrepreneur and advisor of organizations both large and small around the globe, I can tell you that it is much more advantageous to pursue significance over success, as significance almost certainly always leads to success. In my Anticipatory Leader System, I define significance as what we hope to achieve for others, using our business prowess for the betterment of society and humankind. By putting ourselves at the service of others, it adds meaning to what we do, and in the age of accelerated digital transformation, the possibilities are truly endless in what we can achieve. Pre-Solve Tomorrow’s Problems Today In the realm of prioritizing significance over success, using Hard…
Posted On Tuesday, 04 June 2024 00:00 Written by
Choosing between lead generation through cold calling or LinkedIn is not a toss up. It depends on various factors, such as your industry sector, target audience and budget. In the real estate industry, both are powerful but the effectiveness can vary depending on the market segment. Residential real estate is very different than commercial, for example. Using AI on LinkedIn can significantly enhance your lead generation efforts. LinkedIn Pros: Targeted outreach: You can be precise when targeting your audience based on factors like their industry or role. This is beneficial for commercial and residential markets. AI tools can automate and personalize messages. It also ensures regular communication that is timely. Lead generation done through AI can identify the right prospects based on job title, industry and location. Professional network: LinkedIn offers access to a vast network and companies. You can connect with other realtors, investors and commercial clientele. LinkedIn Sales…
Posted On Monday, 03 June 2024 10:46 Written by
So much of the mortgage industry is based upon simple rules like, it either works or it doesn’t, or you can either document it, or you can’t! We don’t make the rules, we just navigate each opportunity. The path to success is different, but always we strive for the same conclusion; a closed loan, satisfied referral partners, and clients that experienced an exceptional process. It doesn’t matter about the markets, the interest rates, or the type of loan programs that were involved, if you are aware of what the true mission is, history will repeat for you over and over and over again! Unfortunately, the same holds true when you don’t produce these outcomes and experiences, your poor results will also repeat! Those that don’t learn the lessons of history are condemned to endless failures, while those that do, will prosper knowing that it isn’t price that makes a career;…
Posted On Monday, 03 June 2024 00:00 Written by
U.S. renters are less likely to move than they were a decade ago, as soaring housing costs have priced many out of homeownership One in six (16.6%) U.S. renters stayed in their home for 10 years or more in 2022, up from 13.9% a decade earlier. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin also analyzed renter tenure by other timeframes: 5-9 years: One in six (16.4%) lived in their home for five to nine years in 2022, up from 14% a decade earlier. 1-4 years: The lion’s share of renters stay put for one to four years. Just over two in five (41.8%) stayed in their home for one to four years in 2022, up from 39.9% a decade earlier. 12 months or less: One-quarter (25.2%) of renters stayed in their home for 12 months or less before moving in 2022. That’s…
Posted On Friday, 31 May 2024 07:56 Written by
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