Investor home purchases exceed pre-pandemic levels, hit record high
Investors purchased 67,943 US homes during the second quarter, for a total value of $48.5B, the highest figure on record, according to data released Thursday by Redfin
by Lillian Dickerson Jul 22
Home office eclipses short commute as a buyer must-have, agents say
Nearly 60% of agents surveyed by HomeLight said they expect a home office to be a top priority for buyers in a post-vaccine landscape
by Daniel Houston Jul 21
How to leverage technology and win bidding wars
At Connect Now on Tuesday, Mark Choey, founder and CEO of HighNote, spoke to two California-based agents about how technology is helping them close deals
by Libertina Brandt Jul 20
It's a jungle out there: 4 tips for mentally preparing buyers
From coaching buyers on how to best present an offer to instilling trust in the process, mentally preparing buyers on what to expect is one of the most crucial jobs an agent will have throughout a client’s journey
by David Parnes AND James Harris Jul 15
Bidding wars begin to cool as more home inventory comes online
Buyer fatigue and a growing home inventory may have contributed to a reduction in bidding wars in June, according to Redfin agents
by Daniel Houston Jul 13
Price cuts, while rare in this market, often lead to greater profit: Zillow
The number of sellers who choose to cut their listing price has dropped by a third over the last year, but a Zillow report found that if the price is dropped at the right time, sellers can net $15K over ask
How I won a 20-offer bidding war for my client
Broker Sarah Renard shared with Inman several steps agents can take to help their buyers bat against fierce competitors in an overheated housing market
by Libertina Brandt Jun 21
Summer market will be hot, but not scorching, economists say at Inman Connect
Daryl Fairweather of Redfin and Jeff Tucker of Zillow said during a panel that the market would continue to be strong through the end of 2021
by Lillian Dickerson Jun 16
How to take advantage of the backup offer on both sides of the transaction
Agents told Inman that they typically only see a small proportion of backup offers become primary offers, but the tactic can still prove beneficial for both seller and backup buyer
Connecting with Mauricio Umansky: The looming luxury shortage
'There is a tremendous shortage of inventory, and I think it's the only thing holding us back,' the founder of The Agency told Inman leading up to Inman Connect this month
Want to rake in listings? FSBOs hold the key
With inventory starvation, agents need to explore all possibilities to gain more listings — and FSBOs are ripe for the picking. Here is a novel way to get in front of potential (and actual) FSBOs
by Jay Thompson Jun 2
51% of homes sold above listing price in May: Redfin
Continued inventory shortages and heightened buyer demand led to a red-hot May where nearly 60% of homes went under contract in 2 weeks
by Marian McPherson May 28
NAR: Housing market is 'topping out' due to inventory shortage
Lawrence Yun, chief economist for NAR, reports that the GDP is back to its pre-pandemic peak, consumers are ready to spend their stimulus checks and single-family housing starts are ramping up
by Andrea V. Brambila May 13
Pulse: Readers share how they're overcoming the bidding war objection
This week, our readers share how they're working with buyers to set expectations about bidding wars and multiple-offer situations — a common objection in today's fierce market
by Inman May 4
Pulse: How are you overcoming the bidding war objection?
In today's competitive real estate market, it's no wonder homebuyers are stressed out — particularly about going into bidding wars. So when it comes to this unpleasant reality, how are you alleviating buyers' anxieties?
by Inman Apr 28