Real Estate News for Realtors and Brokers

Offerpad’s market cap slips below $1B amid slide on Wall Street
Stocks slid for major iBuyers and tech companies on Wednesday, continuing a tough year on Wall Street for Offerpad.

Buyers viewed a record low number of homes before purchasing in 2021
Of the median eight homes buyers saw in 2021, they toured three of them virtually, according to a new analysis released Wednesday by the National Association of Realtors.

Better CEO Vishal Garg back at post after viral layoffs debacle
Better founder and CEO has been "taking a break from his full-time duties to reflect on his leadership, reconnect with the values that make Better great and work closely with an executive coach."

Bidding wars hit the luxury market hard in December: Redfin
Winter weather didn't slow down buyers in December, according to Redfin's latest market report. Although all buyers faced bidding wars, luxury homebuyers bore the brunt of low inventory at the $800,000 to $1 million mark.

Homebuyers undeterred by rising mortgage rates as loan size grows
Average purchase loan request hits record $418,500, and falling demand for FHA and VA mortgages suggests first-time buyers are being priced out.

‘Worst house on best block’ sparks bidding war, despite nary a bedroom
The decrepit 120-year-old townhouse at 320 Day Street went for $600,000 over its starting bid at a conservatorship sale auction on Jan. 7 despite having no bedrooms to speak of.

Many homebuyers will be priced out of the market in 2022
Fannie Mae economists project sales of existing homes will fall by 3.2 percent this year to 5.945 million, which would still be the second-best year since 2006.

Builder confidence dips in January as construction materials soar 19%
The index decreased by one point to 83 in January, the first marked decrease in four months, according to the National Association of Homebuilders.

Central Oregon’s outdoorsy hotspot Bend is Pacaso’s latest market
Pacaso has been targeting a number of popular outdoor-minded luxury markets in the United States over the last year. It has homes in Jackson Hole, Wyoming, Aspen, Colorado, Park City, Utah, and Lake Tahoe, California. And now, Bend, Oregon.

Do charitable connections help agents sell homes?
A seasoned agent believes her office’s involvement with a well-known charity has no impact on a customer’s decision to hire her or not. Can her broker show her the value of this relationship?

9 ways to help buyers compete in an all-cash world
In today’s fast-paced market, there isn't a one-size-fits-all approach to helping a buyer compete in an all-cash world. However, there are various tactics and strategies that can certainly help. Here are a few.

Jessica LaMar was 1 of the 10,000s of Americans to launch a real estate career in 2021. Here’s her story
Sacramento-based agent Jessica LaMar shares her winding journey from Lululemon manager to rockstar rookie in the midst of a pandemic — and what she's learned about herself in the process.

Success strategies from 11 of real estate’s top female leaders (Part 2)
If you want to level up in 2022, you have to keep your finger on the pulse of important trends and tech tools cropping up in real estate. Here, top female leaders share their best success strategies.

Be the solution, not the problem: 3 things agents should do daily
As tempting as it can be to sit back on your laurels, shrug your shoulders, and say, “Oh, what can you do?” to the common challenges most real estate professionals face, now is the time to bring solutions to the table, not problems.

Salary-based, tech-forward Prevu launches in Seattle
Prevu, billing itself a digital homebuying platform, promises to offer buyers more control over the deal with vertically integrated services and in-house technology.

Tell us about your worst day in real estate: Pulse
We’ve all had those terrible, horrible, no good, very bad days. And if we’re lucky, we come out learning a little something and with great war stories to trade with colleagues. Today, we invite you to share your worst day in real estate. How did you come out?

Ask Doss now offers brokerage, home loans and FSBO solutions
Ask Doss is an app for agent advice and home search, and now the company is offering a slew of new professional services to the industry, including a brokerage.

CoreLogic acquires Prospects Software following long partnership
More than 500,000 real estate pros across more than 300 markets have access to Prospects' mobile multiple listing service and customer relationship management tools.
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