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Daily market update: February 21, 2017

We’ll add more market news briefs throughout the day. Check back to read the latest. First American’s Potential Home Sales Model for January 2017: In January, the market potential for existing-home sales fell by 1.9 percent compared with a year ago, a decline of 107,000 (SAAR) sales. Currently, potential existing-home sales is 328,000 (SAAR) or […]

Behind the sale: Wayne Gretzky’s $6 million Los Angeles estate

Some real estate professionals have deemed 2017 as “the year of the luxury real estate,” and that certainly is true for Engel and Völkers USA agent Nicole Van Parys, who recently served as the listing agent for hockey great Wayne Gretzky’s expansive Los Angeles estate. The home, which was built in 2008, sits in the […]

New data model from NAR and realtor.com shows growing rift between housing availability and affordability

When reports on housing affordability come out, they often look solely at the first-time homebuyer market. A new monthly housing affordability model designed to look at affordability conditions at different income levels for all active listings on the market was launched last week as a joint venture between the National Association of Realtors and realtor.com, the real […]

Is enriched MLS data the key to more sales? Remine thinks so

Have suggestions for products that you’d like to see reviewed by our real estate technology expert? Email Craig Rowe. Remine, a data company, partners with MLSs to augment information with predictive analytics and data visualizations. Platforms: Browser-based Ideal for: Multiple listing services (MLSs) Top selling pointsProperty activity tracking Deep data on listings and non-listed properties Homeowner […]

4 listing presentation questions you should always be prepared to answer

While you can spend hours perfecting charts and graphs and memorizing every fact about a given home, one listing presentation wild card always threatens to undermine your hard work: Client questions that seem to come straight out of left field.There is perhaps no easier way to conjure sellers’ doubt about your professional abilities than by failing […]

How to respond when real estate clients demand to know your politics

You are a real estate professional who is dedicated to doing the best possible job for each and every one of your clients, regardless of their political affiliation.When a potential client demands to know where you stand with respect to the current administration or some other controversial issue, how do you respond?I love hearing from […]

7 reasons not to ‘carry’ the house in hopes of a price boost

Some homesellers told me that if they didn’t get their house sold last summer at the sales price they wanted, they would take it off the market before Thanksgiving and wait to put it back on the market after the holidays. They would “carry the house” until spring. Their logic: During the spring market, they certainly would […]

5 tips for real estate agents showing homes in the winter

Last Thursday’s snowstorm was a day spent at home for many. Most New York City companies told employees — both local residents and those who commute from outside the city — to prioritize safety and work from home. For real estate agents, however, the call of whether to leave their houses or not came from clients. […]

Podcast: Crazy sh*t in real estate: Episode 7 — Painful home inspections

Reposted with permission — show notes and credits available here. Think working as a home inspector is a cake-walk? Tell that to today’s guest, Russ Hensel, who’s been forced to endure some pretty brutal inspections, including one when the homeowner decided to punch him in the face. Do you have a crazy real estate story […]

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