The Federal Housing Finance Agency also said the year-over-year growth was slightly above the historical average.
If an associate or broker representing a seller says over the phone that a seller accepts an offer, but the seller changes their mind before signing, is there a contract?
Avoid a false sense of urgency by taking a closer look at the important things. By leaning into those important aspects, you’ll save time and avoid burnout.
Redfin said buyers can afford a more expensive home since mortgage rates have dropped from nearly 8% in October.
Chapter 475 oversees real estate licensees, but Florida licensees also have other obligations under Chapter 455. It’s a growing problem for licensees called before FREC because “I didn’t know I had to report that” doesn’t carry much weight.
The chamber also said the housing market will begin to stabilize to a new normal, and home prices will no longer spike.
A growing number of Americans plan to age in place rather than move to an assisted living or senior living facility, which will leave an inventory shortage.
Some novel ideas to generate leads include integrating QR codes and chatbots into social media to provide potential buyers and sellers with immediate responses.
NAR is projecting a 13% increase in existing-home sales in 2024 (from 2023) to 4.62 million and a 15.8% increase in 2025 (from 2024) to 5.35 million and said interest rates will be cut four times.
Proptech (real estate technology and innovation) investments and business opportunities will grow in 2024, and there’s plenty of room for entrepreneurs to take part.
