Industry Updates

NVBR Mourns Passing of Celine Teeson

NVBR is sad to announce the unexpected passing of longtime member Celine Teeson, Teeson Real Estate. Celine died suddenly yesterday while kayaking on Mallets Bay. Celine was a Realtor® for 35 years.  From the beginning she committed her time to the profession and to her peers by volunteering on the local, state and national level.  She, along with her husband …

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4 Mistakes Real Estate Pros Make on Social Media

Social media usage has become a part of modern culture, so why shouldn’t the real estate world plant its collective flag there? After all, it’s a powerful marketing tool that allows agents and brokers to connect with potential clients on a platform which they’re already using. Well, it’s not as easy as it seems. As the social media landscape has …

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Long-Term Flood Insurance Reforms Win Support of House Committee

The Financial Services Committee of the U.S. House of Representatives voted unanimously on Tuesday to approve a five-year extension to the National Flood Insurance Program, the nation’s largest flood insurer. The bill also includes a mandate to improve the country’s flood maps. Congress has approved several short-term extensions to the NFIP in recent years. This latest bill would provide a …

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Answering Clients’ Most Pressing Questions This Spring

How can agents help buyers and sellers understand these market trends? For sellers, increased competition may drive down the price they expected to ask for their homes. For buyers, the array of choices can seem overwhelming, and they may need some extra guidance on how to navigate the market. An educated real estate agent can help smooth the rough edges. …

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Yun’s Economic Outlook: Who Could As for More?

Presenting a mostly optimistic view of the economy for 2019 and 2020, Lawrence Yun, chief economist at the National Association of REALTORS®, told audiences Thursday at the REALTORS® Legislative Meetings & Trade Expo in Washington, D.C., that a near-term recession is unlikely. But a few factors—particularly tariffs and the escalation of U.S. trade disputes with China into a “full-blown trade …

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Freddie: Mortgage Rates Won’t Go as High as We Thought

Borrowing costs this year likely will be lower than originally predicted. Freddie Mac recently downgraded its forecast for the 30-year fixed-rate mortgage, projecting it will average 4.3% this year—below last year’s average of 4.5%. Further, Freddie economists predict only a small increase in rates in 2020, with the 30-year fixed-rate mortgage averaging 4.5% next year. The lower mortgage rates likely …

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Are You Taking Advantage of NVBR’s FREE Open House Marketing Program?

The summer selling season is heating up, and NVBR has a great marketing tool to help you market your listings! The NVBR Realtor® Open House (ROH) program is a free member-only benefit that promotes listings to other NVBR members. Each week, the ROH showcases listings from a group of towns in Chittenden and Franklin Counties. Listings are distributed to all …

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FHA Tightening, Gen X, Floods, Fair Housing

Some 50,000 loan applicants could be affected as FHA tightens standards for higher-risk borrowers. REALTORS® have stepped up to help in the aftermath of Midwestern floods but more help is needed, and Gen Xers are buying bigger homes to accommodate multigenerational families. Also, NAR supports expanding Fair Housing to include protections based on gender identity and sexual orientation.

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Do You Have A Story to Tell?

We all have a story to tell, and NAR’s ThatsWhoWeR campaign is giving REALTORS a chance to tell theirs! The new campaign, launched in February, shines a spotlight on REALTORS through print, television, radio and social networking ads and aims to educate consumers on the REALTOR difference. Learn more about the campaign strategy. Now YOU can be part of the …

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Email Subject Lines Your Clients Will Click On

The last thing clients want is another promotional email—unless the subject line is tantalizing enough to get them to open it. Since email marketing is one of the top technology tools that provide the highest quality leads, according to the National Association of REALTORS®’ Real Estate in a Digital Age 2018 Report, you want to use subject lines that capture …

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Drop in Mortgage Rates Could Put Market in 2005 Territory

The recent plunge in mortgage rates may help the market for home loans surge to a 14-year high, according to recent housing forecasts. In the past month, mortgage rates have posted their biggest drop in a decade, with the 30-year fixed-rate mortgage averaging 4.08 percent last week, according to Freddie Mac’s weekly mortgage market survey. The rate decline has enticed …

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Getting a Mortgage Becomes Easier for the Self-Employed

Americans who are self-employed and freelance or contract workers have long had to struggle to qualify for a mortgage compared with those with W-2 forms or pay stubs that lenders can use to verify their incomes. For the self-employed, the mortgage process can be time-consuming and cumbersome. Lenders often require extra paperwork, such as full documentation of tax returns from …

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