A decade after the last housing crisis took its toll on the U.S. economy, most real estate markets nationwide have not only fully recovered but are soaring above prerecession home-price highs. Personal financing website Credit.com predicts that the markets in the following states will stand out the most this year. Nevada: Median home values in Las Vegas are expected to rise about 5.8 percent over the next 12 months. The median home price is curr
Five best practices to help you find the right hireHiring can be daunting, but when done right, it can be the best thing you do for your growing business.As Compass’ director of recruiting, I’m responsible for helping our executives find and hire the highest caliber of talent they can for their growing teams. I provide that same counsel to our agent team leaders.The faster your business grows, the higher the hiring stakes. Setting standards a
Maximize. Every. Minute!Ask people why they got into real estate, and one of the most common answers you’ll hear is this: “I get to set my own schedule.” Sound familiar?But once you dive into the business, you realize this statement is both true and a little naïve. Agents quickly discover that achieving success as an entrepreneur means maximizing every moment of every day.That’s what this article is all about — creating the ultimate d
Are you a power-user, casual browser or self-effacing noob? No matter your level of social media expertise, you’ll want to read thisWe’ve scoured the social media guides, tracked down the experts and sifted through the flashy add-ons to bring you the top 10 hidden Facebook features, tips and tricks every real estate agent should know going into 2018.Without further ado, we’ll get right into it — because let’s face it (no pun intended)
Prices are rising and homeowners are staying put longer, and that means more homeowners can cash in when they go to sell. Home seller profits surged to a 10-year high in the fourth quarter of 2017. Sellers saw an average home price gain since purchase of $54,000, up from $47,133 a year ago.That $54,000 average seller profit represents an average 29.7 percent return on investment compared to the original purchase price. That is the highest average
The Federal Reserve may have voted to leave its short-term interest rates unchanged this week, but that didn’t stop lenders from moving up mortgage rates. Average mortgage rates are continuing an upward trend in 2018.“The Federal Reserve did not hike rates this week, but the market views future hikes as a near certainty,” says Len Kiefer, deputy chief economist at Freddie Mac. “The expectation of future Fed rate hikes and increased borr
Following the largest data breach in the nation’s history, Equifax announced that it is extending its free credit freezes to consumers through June. The data breach this past fall exposed the personal information of about 143 million Americans, and has even prompted warnings from housing analysts that the breach could impact buyers’ ability to complete a home sale.The personal information stolen by hackers could compromise consumers’ Socia
Whether it’s flourishing as an agent or team development at a brokerage, it starts with a willingness to evolve, says Peter J. Strauss, lawyer and author of The Business Owner’s Definitive Guide to Captive Insurance Companies.“Why would you not want to be the best version of yourself?” Strauss says. “Whether you’re talking about your own people in your company or your clients, there is this giant middle market that has no idea of th
If the housing market has a say, the Philadelphia Eagles will emerge victorious against the New England Patriots in this weekend’s Super Bowl LII, the National Association of REALTORS® predicts. But NAR isn’t judging its pick based on defensive or offensive plays. Instead, its forecast is based on both teams’ housing markets. NAR’s prediction looks at the home price increases of the two competing cities, while realtor.com’s looks at h
The U.S. Department of Housing and Urban Development announced it will award more than $1.5 billion to help Puerto Rico homeowners and local businesses recover from Hurricanes Irma and Maria. The funds, which are part of HUD’s Community Development Block Grant (CDBG) Disaster Recovery Program, will support long-term recovery efforts to repair the serious damages.“As local leaders, along with their citizens, develop their recovery plans, HU
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