RE Q&A: Be Careful with Divorces, Deeds and Mortgages
A husband signed the rental-property deeds over to his ex-wife, but the mortgage is still in both of their names. How does he get those switched over to her?
Realtor Literally Reads Brainwaves to See What Buyers Think
An Oklahoma agent attached wires to willing buyers and found that their top-of-mind thoughts often don’t match how they really feel about a home.
The U.S. Now Has More Realtors than Home Listings
It’s an unusual situation, but heavy U.S. job losses boosted the number of new agents; at the same time, the number of for-sale properties hit record lows.
Upscale Buyers: How Much Space Is Too Much?
Many buyers determine what they can afford and look for a home there. But upscale buyers have a “sweet spot.” Many pick a size based on future costs and overall hassle.
New-Home Sales Plunge 18.2% in February
It’s the slowest pace since May 2020, and largely blamed on severe winter weather across much of the U.S. and a lack of supply.
New-Home Slowdown Isn’t Buyers, It’s Builders
New-home market problems aren’t new – rising prices for supplies and a tight workforce. But pending sales continue to be high, and many builders are pausing to complete a backlog of projects. In top-listed Jacksonville, pending new-home sales are up 80.5% year-to-year.
Consumer Housing Confidence High – Finances Not So Much
Survey: In Nov. 2020, 71% of renters worried about making their monthly payment. But things are getting better: In Feb. 2021, it dropped to 63%.
Social Media: The 2nd Most Effective Way to Get Clients
Direct referrals from past clients and others is the No. 1 way to get new business, but in a 2020 study, 44% of agents surveyed got at least one client via social media.
Fla.’s Housing Market: More Sales, Higher Median Prices in Feb. 2021
Florida Realtors’ data: Single-family home sales rose 15.7% year-over-year, median sales price up 16.6%; condo sales up 28.7%, median price up 16.6%. Chief Economist O’Connor: Fewer new listings and a tight inventory means a strong seller’s market.
NAR: Feb. Home Sales Down, Prices Way Up
Feb. existing home sales fell 6.6% month-to-month, but they were up 9.1% year-to-year. Median prices, however, rose 15.8% higher when compared to Feb. 2020.