Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data covers responses from 2013-2016. The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same time, the median net worth of […]
Get a Head Start on the Holidays with these Luxury Selling Tips
The holidays can be a challenging time when selling home – clients still wish to have their homes appropriately adorned to celebrate the time of year, but as their Realtor, it is important to advise them about keeping their home ‘ready-for-sale.’ Here is some advice you may wish to share with your clients during this […]
Home Prices Up 6.34% Across the Country! [INFOGRAPHIC]
Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more! Source: Keeping Current Matters
Further Proof It’s NOT 2008 All Over Again
Home sales numbers are leveling off, the rate of price appreciation has slowed to more historically normal averages, and inventory is finally increasing. We are headed into a more normal housing market. However, some are seeing these adjustments as red flags and are suggesting that we are headed back to the same challenges we experienced […]
24% of Renters Believe Winter is the Best Time to Buy a Home
In real estate, the spring is often seen as the ideal time to buy or sell a house. The term “Spring Buyer’s Season” exists for a reason, as renters and those looking to move on from their current home thaw out from the winter and hit the market ready to buy. According to Bank of […]
Creating a Multi-Tier Marketing Plan (Tier 1)
Marketing a luxury home can seem like a difficult and daunting task. There are many variables a luxury real estate professional, and the buyer or seller has to consider when trying to decide the best way to target his buyers. With every client and situation being different, there is no exact formula for success in […]
The #1 Reason to Not Wait Until Spring to Sell Your House
Many sellers believe that spring is the best time to place their homes on the market because buyer demand traditionally increases at that time of year, but what they don’t realize is that if every homeowner believes the same thing, then that is when they will have the most competition! The #1 Reason to List […]
Buyers: Don’t Be Surprised by Closing Costs!
Many homebuyers think that saving for their down payment is enough to buy the house of their dreams, but what about the closing costs that are required to obtain a mortgage? By law, a homebuyer will receive a loan estimate from their lender 3 days after submitting their loan application and they should receive a […]
Secret World of the Rich and Famous: Attributes of the Wealthy
Part of dealing in luxury real estate is the ability to understand and identify key characteristics of your high net worth clients. Though these individuals are people, just like anyone else, they are in many ways very different from the average buyer or seller. It is important to be familiar with these differences in order […]
Luxury Market Report Takes a Hard Look at the Current Market
As we come off of this previous weekend at Leaders in Luxury, we wanted to take a moment to reflect on the event, the lessons we learned and how this relates to October’s Luxury Market Report. This year’s event focused on addressing the concerns of ‘the winds of change,’ claims of a slowing market to […]
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