We Don't Always Give That Data To The Marketplace
A report from WLTV in Tennessee. "We went to a mortgage expert to break down some information. Michael Borella, the sales manager at Movement Mortgage, said if you're looking to buy a new home, now is a good time to do so. There are options out there whether you have 20 percent to put down or zero. 'THDA is a great option there are a lot of 0% down loans. I always tell people, be prepared to spend $1,000 . You're going to have to put down earnest money, you're going to have to pay for an appraisal. Those things could possibly get refunded to you in the end, but I don't ever tell people to count on it. It's nice if happens.'"
"So where do you begin? Find a loan officer and bring important documents with you. 'Bank statements, W2's tax returns and tax returns aren't always needed but they're good to have,' he said. Most importantly, he said find someone you trust. 'You want someone you trust and someone you get a long with, someone like you.'"
From ABC 6 On Your Side in Ohio. "Columbus has been named one of the hottest housing markets in the country, but just how hot? When it comes to the city’s housing market, there’s a lot of misconceptions. 'I think there is that misconception for sellers that anything will sell at any price because they've heard it's a sellers market,' said Realtor Sara Walsh."
"She said only certain homes are selling under the 30-day mark. Mostly, it’s homes within the $200,000-$300,000 range. 'What we realize is if you get above $600,000-$750,000, it takes about four months to sell a home on average. We don't always give that data to the marketplace,' she said. 'The higher the price, it slows down the time and less people can afford it.'"
From Lubbock Online in Texas. "It’s hard to believe a property could be overpriced in our current market, but it’s still possible. Every neighborhood is different. Overpriced properties discourage potential buyers, who may not even view the property if they think it’s worth much less than the asking price. If your Realtor® suggests you might be overpriced, you should strongly consider their recommendation. Lubbock Realtors® have the best information about similar properties in the neighborhood."
"If you think your home is appropriately priced and everything else seems to be in order, it could be that the market has changed since your initial listing. It’s important to understand the state of the current housing market and to stay on top of what’s happening in Lubbock, and that’s why your Lubbock Realtor® is so valuable."
From Westword in Colorado. "Some things are so blisteringly terrible that their failures speak for themselves. That’s the case with the music-video ad from the real estate pros at Team Denver Homes, who up until last week were Kentwood Real Estate’s number-one-selling agents."
"Just weeks after a vitriolic mayoral race largely defined by the city’s housing crisis, these realtors posted an incredibly chirpy, thoughtless video in which they treat rapidly gentrifying Denver like their playground, riding scooters and doing the worm in front of trendy street art, spinning massive inflatable cell phones while ripping off the opening rap to the Will Smith sitcom The Fresh Prince of Bel-Air."
"They grin. They brag. They gloat. They claim they have turned the real-estate market upside down, as they stand in front of properties that other people have developed. 'This market can be scary, but don’t be scared,' one agent raps. 'You’re working with the best team in Den-Vair.'"
"They should be scared. Anti-gentrification activists in Denver immediately blew up, accusing the creators of the music video of all manner of crimes: Smug, rich white gloating? You bet. Cultural appropriation? Oh, yeah. After the video blew up, Kentwood Real Estate did, too."
The Wall Street Journal. "Real-estate brokerage giant Realogy Holdings Corp. launched a new partnership with Amazon.com Inc. on Tuesday, a fresh attempt at jump-starting the property firm’s flagging business and tumbling share price. Under the new program, known as TurnKey, home buyers searching for an agent on Amazon.com will be directed to a Realogy agent in their market. These buyers get up to $5,000 of smart home devices and free home services from Amazon."
"Realogy has struggled as shrinking margins in the residential brokerage industry have collided with a slowdown in the housing market over the past year. Its market cap has sunk to around $600 million, down from a high of more than $7 billion in 2013."
"News of Amazon’s partnership with a real-estate company is likely to cause unease in the brokerage industry. In late 2017, Amazon posted a 'Hire a Realtor' landing page on its site—with a banner that read 'Coming Soon'—drawing alarm within the industry. The page was removed soon after."
"'It was like ‘Oh my God, the sky is falling in.’ People were scared to death,' said Steve Murray, who specializes in brokerage mergers and acquisitions for REAL Trends. But the e-commerce giant has said it isn’t interested in selling real estate, at least for now."