Under-Utilizing Your CRM? Most Use Only 10%
Customer Relationship Management (CRM) software does many things, and the Real Estate Technology Institute thinks many brokers fail to take full advantage.
Inventory: Affordable Homes Up, Luxury Down
The end of forbearance programs and foreclosure moratoriums enticed more at-risk homeowners in lower-cost homes to sell and cash out their higher equity.
Zillow to Pay $1.9 Million in Copyright Case
In 2014, Zillow used listing-agent photos for a new section, Zillow Digs. The fine covers continued photo use after the copyright owner sent a cease-and-desist letter.
The Pandemic Didn’t Kill the Office Market
Office leases picked up in the final quarter of 2021 – as much as 89% in some major markets. But it’s too early to estimate how big the resurgence will be.
Second-Home Sales Hot in Q1 and Q4 2021
Second-home mortgage-rate locks hit 5.7% early last year before dropping, then bouncing back to 5%. The top market? Fla.’s Sumter County with a 65% increase.
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.
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.
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.
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.
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.