Use a Realtor? 80% of Millennials Say Yes
Survey: 72% of consumers have used a Realtor, but the level of trust varies by generation: 80% of millennials plan to use one but only 71% of Gen Zs say the same.
NAR: Dec. Pending Sales Slide 3.8%
“Diminished housing supply offered consumers very few options,” says NAR’s chief economist. He predicts a 2.8% sales decline by the end of 2022.
Little Change in Weekly Mortgage Rates: 3.55%
The 30-year, fixed-rate mortgage changed little from last week’s 3.56%. While still historically low, any rise in rates may dampen demand later this year.
Interest Rate Hikes Don’t Always Affect Mortgages
Rates on short-term credit, such as credit cards, will likely rise at the same pace as interest rates. But the link to long-term rates, such as mortgages, isn’t as clear.
Be the Go-To Local Agent on Instagram
Instagram provides a strong foundation for marketing, but only if prospective customers quickly understand who you are and what you can do for them.
Fewer Buyers Waive Contingencies
Rising home prices create greater risk for buyers. As a result, they’re less likely to forego inspections, appraisals and other contract contingencies.