First-time home buyers are entering the market under tight inventory conditions and rising home prices. But not all cities are posing a challenge for those looking to break in to homeownership.A new study by LendingTree ranks the top cities for first-time home buyers in the nation’s 100 largest cities. They factored in average down payment amounts, the share of buyers using an FHA mortgage, the share of homes sold that the median income family
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Are you stuck on the real estate roller coaster?This video is an awesome segment from last year’s Success Summit where I got super deep with an attendee who had the guts to stand up in front 6,000 Summit attendees and admit publicly, “I’m exhausted!”“I’m in my third year in the business, and I’m exhausted!” she said.Side note: this is very common, so she — and potentially the person reading this article — is not alone.“I d
Systems will catalyze your health, creativity and business growthHow do you help more clients without feeling like the marrow has been sucked from your bones?Many top producing real estate agents struggle with maintaining a balanced life while hammering out multiple deals. Let’s face it – people want your help. Yet, it could come at the expense of your relationships, health and sanity.The year I sold 48 homes on my own with a part-time assist
Real estate media outlets have been on a quest in recent weeks to imagine what might happen when a 10-year agreement between the National Association of REALTORS® and the Department of Justice comes to an end in November.The agreement centers on how MLS rules treat virtual office websites for real estate brokerages that operate without bricks-and-mortar locations. The agreement prevents NAR from setting rules that unreasonably disadvantage VOWs,
The tiny-home movement has been a popular topic among design television shows in recent years, but there was some debate about whether it was truly a lasting trend or not. But a new survey confirms that consumers are definitely intrigued by smaller homes, often described as less than 600 square feet.More than half of adults recently surveyed--or 53 percent—said “yes” or “maybe” when asked if they would ever consider the possibility of b
Make way for a new cryptocurrency: Property Coin is being touted as the first real estate-backed digital currency.Aperture Real Estate Ventures, a Los Angeles–based real estate technology and investment firm, plans to launch the cryptocurrency at the end of February. Until then, the company is giving investors an “opportunity to own a professionally managed portfolio of real estate assets via the blockchain.”The creators are presenting Prop
RE/MAX co-founder Dave Liniger has stepped down as CEO of the franchise giant. RE/MAX began its leadership succession plan last May, when the company named Adam Contos as co-CEO with Liniger.“The Board of Directors is pleased that Adam will lead RE/MAX Holdings in its next stage of growth,” says Richard Covey, the board’s lead director. “He is a talented and respected RE/MAX Holdings executive who combines in-depth knowledge of the indust
The gap between appraised value and homeowner price expectations widened in January, the first time in eight months. Quicken Loans’ Price Perception Index showed appraisers valued homes an average of 0.6 percent lower than what homeowners estimated. The difference seems slight but, on an average-priced home, it could mean a couple thousand dollars’ difference from sellers.“The appraisal is one of the most important pieces of data in the mor
As property prices rise, more small real estate investors are reportedly are teaming up with others so they can afford their next flip or rental property. They’re pooling funds with friends, relatives, or other investors to pay for their next property, and that means sharing the risks and profit that go along with that plan.The most common partnerships are among those who want to keep and rent out their properties after fixing them up, because
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