We’ll add more market news briefs throughout the day. Check back to read the latest. S&P CoreLogic Case-Shiller Home Price Index for December 2016: The National Home Price Index increased 5.8 percent year-over-year in December 2016. This is the 56th consecutive month of positive gains and the largest since June 2014. December was also the sixth consecutive month […]
Hey, Zillow! Thanks for reporting your full year financial results for 2016. It provides a great opportunity to update my international property portal analysis and draw out a few observations on the U.S. market. Let’s start with EBITDA The first thing we need to understand when talking about Zillow is its EBITDA — earnings before […]
Brad Inman says we need to improve the real estate transaction. He’s right. The only question I have is who the “we” is.Here’s what I mean. Inman argues in “Why homesellers demand better than a shaky real estate labyrinth” that the growth of well-funded “we will buy your home for cash in three days” companies […]
I had coffee the other day with three of my favorite sophomore real estate agents. I coached all of them in their first year in the business, and we have stayed connected since.They are all in years two and three of their real estate careers: The ‘About’ section Lisi Buongiorno, Kasha Gamble and Nicholas Landis.Lisi […]
Have suggestions for products that you’d like to see reviewed by our real estate technology expert? Email Craig Rowe. Agent Legend is software that automates lead follow-up. Platforms: Browser-based; mobile-optimized Ideal for: Top-producing agents; agents who spend/market on portals or who want to streamline lead cultivation Top selling pointsCustom, personalized voicemails Easy to create follow-up […]
A few years back, I met with a couple looking to sell their home in Seattle. As a newer agent who had found some success with buyers, I was hungry for my first listing.During the listing presentation, I over-confidently stumbled through a CMA (comparative market analysis), pointed out a few things that needed to be painted […]
Broker Chris Lazarus discusses what it takes to become a successful real estate agent. Hint: It takes more than a license. Chris Lazarus is the Principal Broker and Chief Operating Officer of Sellect Realty. Source: click here
The term “snowflake” has become a pejorative description for young people who cannot handle confrontation or opinions that differ from their own.How interesting that “snowflake” also accurately describes how truly vulnerable first-time buyers of any age can be when it comes to buying their first home. (You can’t search Google for what you don’t know […]
The real estate roller coaster continues as the National Association of Realtors‘ (NAR) Pending Home Sales Index (PHSI) slides to its lowest level in a year. “The significant shortage of listings last month along with deteriorating affordability as the result of higher home prices and mortgage rates kept many would-be buyers at bay,” said NAR […]
Warren Buffett Chris Goodney/Bloomberg In Warren Buffett’s 2016 investor letter released this past weekend, the folksy tycoon called out HomeServices of America (HSA) and said to expect more acquisitions. The company had $225 million in earnings last year, up from $191 million in 2015. HSA is part of Berkshire Hathaway Energy. “HomeServices may appear out […]
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