Buyers regaining some control as market shifts, supply grows: Redfin
More than one-in-five sellers dropped their asking price during May 2022, the highest rate since October 2019. Continue reading
More than one-in-five sellers dropped their asking price during May 2022, the highest rate since October 2019. Continue reading
During his latest CNBC appearance, Redfin CEO Glenn Kelman said rising mortgage rates, softening home price growth and changing buyer attitudes are all signs of an impending shift. Continue reading
After a year of booming home price growth and bidding wars, the market is slowing down. Two leading brokers share how to help sellers deal with the shift. Continue reading
Watch Byron Lazine and Nicole White give a real estate agent’s perspective on industry-related topics. In this edition of The Real Word, they’ll discuss Opendoor’s expansion plans, Google Alerts for your business and a viral listing. Continue reading
More than 700 Compass California real estate agents shared their concerns and market predictions for when shelter-in-place laws lift in the state. Continue reading
If your market has begun to slow, understanding how to properly price homes in a declining market — and how to talk about it with clients — is critical. Continue reading
Do you have a strategy to thrive in a market slowdown? Agents who survive down markets do so by having a balance between aggressively priced listings and motivated buyers. Here’s how to make sure you always strike that balance, regardless of market.
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Based on the numbers and our personal experience of a larger number of prospects shopping but not buying, we suspect the seller’s market is about over. Here are five areas listing agents need to rethink and focus on when buyers are calling the shots. Continue reading
Homeowners who sold their home in Q1 2019 experienced an average price gain of $57,500 since purchase — a $2,500 quarter-over-quarter decline from Q4 2018 and a $767 year-over-year increase from Q1 2018. Continue reading
Though the market will be tough for buyers, those who can stay in the market will face less competition and fewer bidding wars. Sellers will still profit, but less than in the recent past. Continue reading