Monthly Archives: November 2017

Relocation Clients: Tips and Challenges

There’s no doubt about it – clients who are relocating from another city, state, or country present unique opportunities, challenges, and rewards for real estate professionals.  On top of the usual stresses that come with real estate transactions, these clients are facing the additional pressures of acquainting themselves with new surroundings and career changes as […]

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2018 Forecast: Is Inventory Relief on the Way?

Ask the 60-some percent of brokers in RISMedia’s 2017 Power Broker Survey: Almost every housing market is plagued by short supply. In fact, inventory nationally for pre-owned properties is at 3.9 months, down 10.4 percent from last year, the National Association of REALTORS® (NAR) recently reported. The challenge, according to realtor.com®, could moderate in the […]

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Pending Home Sales Pick Up Steam

Pending home sales picked up steam in October, up 3.5 percent in the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI). The PHSI posted 109.3 in October, up from 105.6 in September; however, sales were 0.6 percent lower year-over-year. The Index is based on contract signings. “Last month’s solid increase in contract signings […]

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Homes in Major Markets Realize Thousands in One Year

Homes in major markets have realized over $10,000 in the last year in value, according to the October Zillow® Real Estate Market Report. In fact, the median nationally has risen over $12,500. Appreciation is highest in the San Jose, Calif., metropolitan area, where prices have soared $118,200, or 12.3 percent, to a median $1,076,400. Nationally, […]

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New-Home Sales Surge in October

New-home sales rose in October, with sales of new, single-family homes up 18.7 percent to 685,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $400,200, while the median was $312,800. New-home listing inventory was 312,800—4.9 months supply. “In the strongest year-over-year growth […]

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Staying Connected in a Fast-Moving World

In the following interview, Dawn Lahlum, president of Park Co. REALTORS®, a member of Leading Real Estate Companies of the World® in Fargo, N.D., discusses agent support, client relations, technology and more. Region Served: Fargo, N.D., and Moorhead, Minn. (metropolitan and surrounding areas, including Minnesota lakes market) Years in Real Estate: 24 Number of Offices: […]

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Broker Profitability: A Glimpse Into the Future

For brokerages large and small, enhancing the bottom line is the name of the game when it comes to running a profitable real estate business. But as the industry continues to change and evolve, so too does the way in which brokers think about—and approach—profitability. “I’m looking forward to the next five years,” said Sherry […]

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