Real Estate Resource Roundup: Top Stories of the Week, 6/21/2014

Desert Gardens

Another great Saturday morning! Grab your morning cuppa, and take a peek at what grabbed our attention for this week’s Real Estate Resource Roundup!

Housing Inventory More than Doubles in these 5 Cities
Did you know that Mesa, Arizona, experienced an 82.5{0a8e414e4f0423ce9f97e7209435b0fa449e6cffaf599cce0c556757c159a30c} year-over-year increase in housing inventory?  That’s a lot of desert gardens! While housing inventory is still tight, in Mesa and four other cities, things are looking up for home shoppers compared to last year, according to a recent survey.

Matterport Takes Top Honors at Realogy FWD Innovation Summit
This week’s Realogy FWD was a terrific success, 15 amazing teams presenting to a standing-room only crowd. There’s just some outstanding innovation happening in our industry right now. Congratulations to Matterport for taking home the grand prize.

Housing Starts in US Beat 1 Million Pace for Second Month
Builders broke ground on 1 million U.S. homes in May, indicating the industry is picking up this quarter after a weather-induced slump to start the year.

NAR Issues Warning on “Coming Soon” Marketing Strategies
The National Association of REALTORS® is warning that brokers who do not act in the best interests of their clients and fail to disclose the pros and cons of marketing strategies such as “coming soon” advertising may be exposing themselves to legal and professional liability.

If You Care about Your People, The Money Will Come
Alyssa Hellman says that agents who are focused on their clients and their needs, as opposed to individual transactions, are able to help them make better decisions.

Housing Nominee Urges Congress to shut Fannie Mae, Freddie Mac
Julian Castro told the Senate Banking Committee that if confirmed he would seek to ensure taxpayers are never again on the hook in a housing crisis as they were when the government stepped in to bailout the two mortgage financiers.

Luxury Homeowners Snub the Open House
Only a small percentage of luxury homeowners hold open houses when selling their properties, according to recent HomeFinder data. However, Melanie Chiu, of Better Homes and Gardens Real Estate Mason-McDuffie, recently sold a home for $2.1 million in Millbrae, California after hosting an open house.

The Smart Way to Downsize
The article features the recent survey by Better Homes and Gardens Real Estate that found that baby boomers listed a lower-maintenance home as the most important feature when choosing their next place to live.

Cash is King: First-Time Give Way to Bidders Coming Out of Foreclosure
The all-cash buying real estate trend has not let up at all in early 2014.  Joseph Rand discusses that the institutional investors came into the areas that were hardest hit by the housing market crash.

Retiring Boomers Spark Home Building and Remodeling Boom
As we learned in our baby boomer study, boomers are building their dream house or remodeling their current home to be their idea model of design, comfort and functionality.

And, new on Clean Slate this week:
Selling Real Estate in a “Sharing Economy”
These days it seems like there’s money to be made by sharing, and while it may seem counterintuitive, giving away more will make your clients will trust and rely on you more, and refer more business.

Key Takeaways from the Realogy FWD Innovation Summit
Mobile, mobile, mobile – just one of the main takeaways from Realogy FWD this year.

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