Happy Halloween!
The goblins and ghouls are about to come out and play, but don’t be spooked! We’ve gathered the latest news and industry updates from this week. Pull up a chair and settle in if you dare; the real estate resource roundup is here:
Pending Home Sales Leap as Demand Bolsters Housing Market
A gauge of pending home sales rose in September, reversing an August decline. The pending home sales index hit 110.0 and is now higher than it was a year ago. Learn more.
First-time Buyers Drive U.S. Home Sales Higher in September
According to a recent report, existing home sales in the U.S. rebounded strongly in September, and were propelled by sales from first-time buyers reaching a 34 percent share, a level not seen in over four years.
Homeownership Rebounds, Vacancy Rate Increases
National home-ownership rates in this year’s third quarter have rebounded from the 62.9 percent in the previous quarter to 63.5 percent, according to the Quarterly Residential Vacancies and Home Ownership Report. This result came after the 2Q result matched an over-50-year low since 1965.
Look Out Housing, Millennials are About to Take Over
Many Millennials have not moved into homeownership due to a number of factors, including a preference for urban living and a high student debt burden, but a new report suggests it’s only a matter of time before they take over the market.
Mortgage Applications Fall as Homebuyers Pull Back
Total mortgage application volume fell 4.1 percent, according to the Mortgage Bankers Association (MBA), as homebuyers were not enticed by lower rates.
Return of Flipping Eases Affordable Housing Crunch in Some States
The number of flipped houses is at a six-year high and experts say the current wave is helping to ease a shortage of housing in some parts of the country as affordable single-family houses fail to keep up with demand and builders concentrate on multifamily housing.
4 Lessons About Handling Stressed Customers
A professional mover shares tips for working with stressed customers that may come in handy when your clients make the big move.
In case you missed it here on Clean Slate, Senior Director of Learning and Development Karlton Utter revealed his 3 best tips for writing an eye-catching agent bio! As always, be sure to follow #BHGRE on Facebook and Twitter for more updates.
