Posts Tagged ‘Interest Rates’
Interest Rates: A Crash Course for Realtors
Over the past 5 months, Lockbox has posted primers in the economics that drive our industry. Today’s subject is interest rates: how they are determined and how they impact the residential home sales industry. The Basics: Federal Funds Rate In a previous blog post, you learned about the importance of the Federal Funds…
Read MoreWhy Are We Back In Multiples Offers?
Why Are We Back In Multiple Offers? Let’s Dive Into It. Why are multiples back? What the heck happened? In Q4 of last year, we felt like the real estate market was cooling off. Then, all of a sudden we find ourselves in a multiple-offer situation again. This makes no sense, right? I mean think…
Read MoreDo you have commission breath?
Are you suffering from commission breath? Have there been times in your real estate career, or maybe even right now, where you’re repelling the exact people you’re actually trying to attract as future buyers and sellers of real estate? This is a common condition in our industry. We so often want to skip the most…
Read MoreInterest Rates
If you’re following the residential real estate market, you might be thinking “The sky is falling!!” Afterall, 30-year fixed interest rates on a residential mortgage have gone from 3.5% at the beginning of this year all the way up to around 7%. That’s double the interest rate! It feels like everything should be falling apart,…
Read MoreWhy Realtors aren’t confident in their finances
If you’re watching this video, you’re probably a residential real estate agent. If you’re like me, there have been times in your career where you’ve felt a little bit of anxiety around your personal finances. I hated that feeling, but it’s real because we’re on 100% commission. There is no salary. There is no consistency…
Read MoreFour kinds of buyers you can tap into TODAY
Here are four kinds of buyers who are going to be excited to buy a home in 2023. Showings are down 20% year-over-year in the fourth quarter of 2022, and new sales are down 16%. We expect that trend to continue, and the experts believe we’ll see 33% less transactions in 2023. So how are…
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