Hurricanes take their toll on new construction, inventory

The Bureau of Labor Statistics (BLS) report for September has revealed that the real estate industry will have to wait a while longer for inventory relief. Summaries from July and August showed impressive growth in the residential construction sector, giving economists a glimmer of hope that inventory relief was on the way, but Hurricanes Harvey and Irma stifled that growth …

Special Report: Do you have what it takes to be a top buyer’s agent?

Giving clients the best shot at their dream home requires a mix of creative thinking, doggedness, consistent communication and not taking “no” for an answer; and becoming the go-to buyer’s agent in your market means rolling up your sleeves and being a patient warrior through days, weeks and months of an “exhausting escapade.” At times, buyer’s agents’ biggest problem will be their own clients, who may come to an agent “information-rich” but in denial about this market in which sellers hold all the power …

4 mistakes to avoid when your sellers get multiple offers

As inventory continues to tighten, the demand from homebuyers is at an all time high. It’s become very evident over these past few summer months that the real estate market is on fire …

4 mistakes to avoid when your sellers get multiple offers

As inventory continues to tighten, the demand from homebuyers is at an all time high. It’s become very evident over these past few summer months that the real estate market is on fire …

Busting inventory myths: Why aren’t there many homes on the market?

With eager homebuyers and their agents plagued by low inventory all over the county, Trulia chief economist Ralph McLaughlin decided to take a closer look at the popular explanations for the problem and bust some inventory myths …

What real estate agents should know about prospecting in a low-inventory world

Prospecting for listings involves two major factors: Nurturing your sphere and tending to your farm. Some real estate agents might think that even considering a farm in a low-inventory market is counter-intuitive. “Agents are scattered all over the place because inventory’s so low that you have to go where the money is; you have to take buyers wherever they want to go and take listings anywhere,” said Stacie Staub. However, ignoring the benefits of a farm is a short-sighted philosophy …

Special Report: 2017 real estate industry outlook

Survey respondents and some of the industry’s top executives were nearly unanimous in believing 2017 will be another strong year for real estate. The first quarter especially is expected to start with a hiss and a roar as buyers and sellers hasten to make a move …

4 ways to help clients get the most out of a fix-and-flip investment

Whether your clients want to know how to spot the next up-and-coming neighborhood or can’t decide which part of the house to invest the majority of their budget in, there are a ton of factors to consider when it comes to the business of fix-and-flips …

Special Report: How to make the most of open houses

It’s 11 a.m. and brunch is calling your name. But instead of meeting your friends for breakfast tacos, you’ve got to get your game face on — and it’s not to cheer on your favorite football team. Signs and balloons in hand, you’re out the door for this afternoon’s big hoorah: Open House Sunday. Love them or hate them, to many in the business these regular marketing events are a “necessary evil,” while others put a more positive spin on this opportunity to interact with their community …

Low housing inventory, high prices make it harder to buy

Zillow’s announcement that national home values increased 4.9 percent comes on the heels of similar data from Federal Housing Finance Agency (FHFA), which reported a 5.7 percent increase in home prices. Both reports came to the same conclusion: The inc…