Industry Updates

Don’t Put Your Clients on Hold

Fifty-nine percent of consumers say they will never do business with an organization again if their first phone call is not handled to their satisfaction, according to a survey conducted by the PH Media Group, which provides on-hold marketing services to construction companies. Read more: Clients Expect Social Media Responses Within 1 Hour So, how is your call answering impression? …

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2016 Election: Realtors® Positioned for Success

This year’s election is one of the most contentious in history. But both Republican Donald Trump and Democrat Hillary Clinton would bring strong support for the real estate industry to the White House, lobbyists for the National Association of REALTORS® told state and local association executives at the Leadership Summit in Chicago last week. Several congressional seats are also up …

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RRF Commits to Helping Louisiana; You Can, Too

The REALTORS® Relief Foundation announced that it will provide up to $350,000 to help flood victims in South Louisiana. Record levels of flooding have caused widespread damage in the area. So far, the floods have killed 17 people and damaged an estimated 60,600 homes as well as businesses, including some real estate brokerages. Contributions The REALTORS® Relief Foundation welcomes contributions—not only …

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Use Your Safety Knowledge to Convert FSBOs

Show sellers going it alone that they may not be prepared for the dangers of opening their homes to buyers — but you are. There’s one big reason why most — if not all — FSBOs choose to try and sell on their own: They want to maximize their profits and don’t want to pay a commission to a real …

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Home Buyer Confidence on the Rise

Home purchase sentiment reached an all-time survey high in July, an indication that Americans are feeling more upbeat about the housing market, according to Fannie Mae. Overall sentiment rose 3.3 points to a reading of 86.5. Each of the index’s six components– including selling outlook and personal finances – also rose last month. The share of consumers who said they …

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Parent Buyers Need You More Than Ever

The home search for many households with school-aged children is still going strong into the fall, as many buyers are faced with low inventory and rising prices. In fact, a new survey from NAR revealed that finding the right property was the hardest task for 53 percent of buyers with children. Read more: Good Schools Give 77% Boost to Home …

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Loan Apps Get 7% Bump on Lower Rates

A drop in mortgage rates last week helped to reverse the direction of mortgage applications. Mortgage volume, including those for refinancings and home purchases, climbed 7.1 percent on a seasonally adjusted basis, the Mortgage Bankers Association reports. “With lingering concerns over a weak second-quarter reading of U.S. GDP growth, along with continuing anxiety over global growth and financial markets, rates …

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Lenders Told It’s Customary to Share Closing Disclosure with Agents

Real estate professionals experiencing trouble receiving copies of the closing disclosure under federal closing rules that took effect last year for residential real estate transactions should see relief under proposed changes and clarifications to the rules the federal government released today. The Consumer Financial Protection Bureau, which revised longstanding closing procedures last year under an initiative it calls Know Before …

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6 Top Ethics Issues Today

Hand writing Know The Rules with red marker on transparent wipe board.

Technology is raising a host of ethics issues, such as what’s okay and what’s not to say on social media. But the biggest ethics issues continue to be those that recur year after year such as matters involving property disclosures and settlement procedures. Here are the biggest ethics issues today along with how to handle them. 1. ‘Coming Soon’ properties. …

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Low Rates Prompt Rush to Refinance

The number of home owners refinancing their mortgages zoomed to its highest level in three years last week as mortgage rates continue to fall. The Mortgage Bankers Association reports that total mortgage application volume — including for refinancings and home purchases — climbed 7.2 percent last week compared to the previous week on a seasonally adjusted basis. Refinance applications, which …

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Why Inflation Fears are Growing

Inflation is up by 1.1 percent through the first half of the year, and economists anticipate it will to continue to rise well into 2017. Rising inflation is expected to have a widespread impact for the economy, particularly the housing market. Lawrence Yun, chief economist of the National Association of REALTORS®, writes in his monthly Forbes.com column. “One consistent area …

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Introducing a New Set of Learning Resources from RPR

RPR has introduced a new set of learning resources aimed at helping members get the tools and information they need to make the best of RPR. Each of these topical eBooks and videos will show you how to use RPR’s real estate data and reporting platform to build virtually every segment of your business. Simply choose the format best suited …

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