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Decline in July pending home sales reflects affordability issues

July’s Pending Home Sales Index (PHSI), a monthly forward-looking indicator measured by the National Association of Realtors (NAR), declined 0.8 percent to 109.1 in July from a downwardly revised 110 in June and declined 1.3 percent year-over-year — the fourth year-over-year hit the index has taken within the past five months.   “With the exception […]

Rising rents hurting low-income households in 25 largest metros

Renting is often seen as a cheaper alternative to buying, especially when rental prices are only rising 2.6 percent year-over-year — 3.6 percentage points less than the current for-sale housing price. But for households with the lowest income, even the least expensive apartments remain out of reach. The standard of affordability is when an individual […]

Investor alleges Zillow lied about co-marketing program

A Zillow Group shareholder has filed a lawsuit alleging the company and its two top executives defrauded investors by misrepresenting its co-marketing program’s compliance with an anti-kickback law, thereby artificially inflating the real estate giant’s stock price. The lawsuit seeks class-action status on behalf of other Zillow Group investors and comes as Zillow Group heads […]

Keeping your business afloat: A disaster guide for real estate agents

Agents across Houston are still fighting the possibility of more flooding in their communities, but the consensus is that the worst is over for their temporarily unrecognizable city — Space City, as it’s been proudly dubbed, the large metropolitan with the unwaivering small town spirit. Yesterday, we had a plea from a Houston agent who […]

6 tips to help sellers stage their home while living in it

A potential buyer walking into your listing and saying, “Nope — not for me” at first glance is the last thing you want as a listing agent. One simple way to avoid that scenario is good home staging. The key to effective staging is helping your clients make small improvements that will result in big returns. […]

How should agents respond to lowball offers?

Lowball offers come with the territory in real estate, whether you’re a buyer’s agent or seller’s agent hoping to mitigate an inflamed situation. Letting deals collapse over ego and emotion is not the way to go. We’re here to be of service to our clients. Peter Lorimer is the CEO of Beverly Hills, California-based PLG Estates. […]

Sleek, collaborative portal takes the pain out of closing

Have suggestions for products that you’d like to see reviewed by our real estate technology expert? Email Craig Rowe. MyHome is an online portal that allows agents and homebuyers to track the title search and escrow process. Platforms: Browser; mobile-optimized Ideal For: All buyers and agents within markets covered by Williston Financial Group (WFG) Top […]

Low budget, no experience, no clients: How one Denver broker found his way

Freedom and the ability to make money? I became a real estate agent because the idea that working hard means more money was appealing to me, as I’m sure it was to many of you. The job I was in before that was a standard customer service job, and I felt I worked hard enough […]

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