In 1Q 2023, 42.9% of sellers made a buyer concession; in 1Q 2022, it was 25.5%. Some do it to keep a transaction moving forward, others to match homebuilders’ freebies.
While the number of homes didn’t change, it varied by region. Of the four included in NAR’s report, pending sales fell only in the Northeast but rose everywhere else.
The Florida CCIM Chapter president says “advanced commercial real estate education is a prime focus for CCIM,” and he’s proud that focus was “recognized by our colleagues.”
Inflation and higher interest rates are taking a toll. Many are cutting back on nonessential items, such as dining out, and using credit cards for must-have purchases.
A broker’s branding sells your broker’s services. A personal brand sells you. It can differentiate you from other agents and boost your name within your market niche.
A pilot program found high levels of distress among construction workers – but many don’t want to talk about mental health, a challenge that’s hard to overcome.
Metro-to-metro variations that peaked in spring 2022 continue this spring. In Miami, for example, home prices are up 10.9%; in San Francisco, they’re down 10.1%.
Fla. lawmakers created six sales tax “holidays” in 2023, with expanded timelines and products. Once the bill is signed, the first hurricane holiday starts Sat.
More buyers frustrated with the limited number of existing homes turned to builders for relief in April. Sales growth is notably rising in the $200K-$400K range.
We live in an amazing time with unprecedented tools and technology at our fingertips. By leveraging these opportunities, your business can’t help but grow.
