housing market: The Market is NOT Falling!
- 08/26/16 04:26 AM
The Market is NOT Falling! I have received so many emails this month asking me if the market is going to crash just because pending sales in their area have decreased slightly. When I ask them what area they are in and when I look the stats up on the MLS I confirm what I know which is that the slight decrease is completely normal for this time of year. Real estate markets everywhere fluctuate not only when markets are tumbling, they fluctuate based on what is happening in each local area. For example, the last week of August … (1 comments)
housing market: Consumer Confidence: Election Effects on Housing Prices
- 08/09/16 06:36 AM
Consumer Confidence: Election Effects on Housing Prices I want to start off by saying that this article is NOT based on my political views and is not meant to support any party. There is no doubt that election years do have an impact on the housing market. All you have to do is go back in history and you will see a very clear pattern during election years. This year will be no different. While I am not saying that there is going to be a dramatic shift, I do feel that as we approach November, consumers that are … (0 comments)
housing market: The Census Bureau Does More Than Just Track Population
- 03/04/16 08:36 AM
The Census Bureau Does More Than Just Track Population The United States Census Bureau is one of my favorite resources for everything from population charts, area information, and even what is happening in real estate. Wait... did you know that the Census Bureau tracks what is hot in housing trends? They do indeed! The Census Bureau conducts The Survey of Construction which looks at current national and regional statistics on housing starts, housing completions, and even the characteristics of single family housing and multifamily housing. The Department of Housing and Urban Development contributes to funding this survey. Housing data … (2 comments)
housing market: Pricing in a Hot Market
- 09/11/15 05:56 AM
Pricing in a Hot Market Sellers can be very unrealistic about the price they want you to list their home for, especially when the market is moving quickly and in their favor. Many agents get caught up with their seller’s optimism because, to some degree, they feel the seller has a point. After all, homes are selling like hotcakes and maybe this home could get swept up in the sales frenzy too! It’s very tempting to think, “Why not at least try it?” Wait! Not so fast! This will come back to bite you. If the property that you … (13 comments)
housing market: Six Tips for New Agents
- 11/14/14 02:53 AM
Six Tips for New Agents Our industry has seen an influx of new agents over the last year. I was absolutely energized by the number of new agents who were at the National Association of REALTORS® Conference this last week. In fact, I had a few agents stop by our booth who had not yet even received their license yet! Those new agents we spoke with wanted to know what we would recommend for people who are just getting started in real estate. My advice to them might surprise you. I remember being a new agent. I remember my … (3 comments)
housing market: Know Your Market: A Telling Look Back!
- 04/25/14 01:44 AM
Know Your Market: A Telling Look Back! A lot has changed over the past two decades in the housing industry. The makeup of buyers, tenants, as well as household formation has all changed dramatically. Here are some changes that are worth noting and keeping track of as time goes on. MEDIAN AGE AT FIRST MARRIAGE There are many reasons people choose to buy or rent. Age and family formation are two of the biggest variables when determining how to live. According to the 2013 Census the estimated median age of a man at first marriage is 29 while the median … (3 comments)
housing market: Inventory Shortages - The Next Bubble?
- 03/07/14 02:38 AM
Inventory Shortages - The Next Bubble? While my company has an international reach, many of my clients are based in the Puget Sound area of Washington State which is currently a very hot area for real estate. In fact, it is not unusual in several neighborhoods for there to be more than 10, 15, or even 20 or more offers for the same property, driving the price up 10% or more above asking price. Several of the agents I work with and their clients are concerned that this is an indicator of another bubble waiting to explode all over … (0 comments)
housing market: President Obama Has a Lot to Say About the Housing Market
- 08/09/13 04:01 AM
President Obama Has a Lot to Say About the Housing Market On Tuesday, August 6th, President Obama spoke in Phoenix, Arizona at Desert Vista High School, explaining his vision to promote home ownership in America. He praised reform of the financial systems and talked about the reckless practices that led to the housing crisis. A visual representation of his vision can be seen if you follow this link: www.whitehouse.gov/share/protecting-homeownership Then, on Wednesday, August 7th, he sat down with Zillow CEO, Spencer Rascoff, to answer questions submitted via social media outlets. The President said that the plunge in home prices … (0 comments)
housing market: Need Business Now?
- 01/25/13 05:10 AM
Need Business Now? Lead Generation Challenges vs. Buyer and Sellers on the Fence I was asked the following question last week, and although I had the question slated for an "Ask Denise", I felt the answer warranted an entire Zebra Report as this is something that seems to come up time and time again for my clients. "Denise, I still don't think I have my lead generation system down because although I have people in my pipeline, they said they aren't ready to do anything until spring. But I need people ready to move now. Help!" Thank you for … (2 comments)
housing market: Afraid of What Lies in the Dark Shadows?
- 05/25/12 07:13 AM
Afraid of What Lies in the Dark Shadows? Specifically, that mysterious, much-talked-about "shadow inventory" - the boogeyman that every analyst out there is scaring the pants off consumers by talking about! Large amounts of shadow inventory were created as a result of the mortgage meltdown which occurred in 2007 and 2008... and the collapse of the housing market which followed. Record number of homeowners defaulted on their mortgages, leaving lenders with unexpected real estate holdings. There's actually not one generally agreed-upon definition of "shadow inventory." For purposes of this Zebra Report, I'm going to consider shadow inventory homes which are: … (0 comments)
Join Denise Lones each week as she looks at the world of real estate and the world at large from customer service to the importance of listing presentations in a one-on-one style. Denise has more than 20 years of experience as a successful agent, broker, trainer and coach. Denise is someone in the know when it comes to real estate.
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