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How Real Estate Professionals Can Help Stabilize Housing Inventory and Affordability

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  The housing market is currently facing challenges with inventory and affordability, but real estate professionals have a significant role in addressing these issues. By gaining a deeper understanding of the industry and taking strategic actions, Realtors, Real Estate Brokers, Loan officers, and Mortgage Brokers can make a meaningful impact on their communities. Here are some steps they can take. Understand the Industry and Its Challenges Real estate professionals must first grasp the complexities of the industry and the various factors contributing to the housing inventory and affordability crisis. This includes recognizing how certain organizations and practices, such as hedge fund investors, “iBuyers”, and built-to-rent communities influence the housing market. Investor Competition While it is commonly believed that the housing affordability crisis is primarily driven by low inventory and high interest rates, a significant underlying issue is the competition from hedge ...
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The Hidden Costs of Built-to-Rent Communities

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  The American Dream has long been symbolized by homeownership, a cornerstone of financial stability and personal success. However, an emerging trend in the housing market threatens this dream: built-to-rent (BTR) communities. While these communities offer modern amenities and convenience, they present significant economic dangers for renters and future homeowners, potentially eroding the foundation of homeownership for future generations. The Allure of Built-to-Rent Communities Built-to-rent communities are purpose-built housing developments designed exclusively for renting rather than ownership. These communities often come with appealing amenities such as fitness centers, pools, and communal spaces, making them attractive to a broad range of renters, from young professionals to families. The convenience and flexibility of renting in such a community can seem appealing, especially in a market where home prices are soaring. The Economic Impact on Renters While the upfront costs o...
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Zillow's Actions Contribute to the Housing Affordability and Inventory Crisis.

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  In the labyrinth of the modern housing market, Zillow has long been regarded as guiding light, offering home seekers a digital haven to explore properties with ease. However, beneath its user-friendly interface lies a more troubling narrative—one marked by past actions that have significantly contributed to the current housing affordability and inventory crisis. At the core of Zillow's controversies lies its ill-fated foray into iBuying, a practice where the company purchased homes directly from sellers, often using its proprietary Zestimate tool to evaluate property values. The Zestimate heralded as a revolutionary home pricing estimator, has come under fire for inflating house prices, thereby exacerbating affordability issues. This artificial inflation not only distorts market dynamics but also perpetuates a cycle of unattainable prices, leaving aspiring homeowners stranded on the sidelines. Moreover, Zillow's iBuying misadventure had more insidious consequences. When t...
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Selling My Home

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  Pricing your home accurately is the most important part of getting a quick sale.  If your home is overpriced it will sit on the market.  The longer a home sits on the market the more difficult it becomes to sell.  Some sellers want a set amount for the sale of their home. However, the price a seller wants to get is not the criteria used to set the asking price for a home.  A home is worth what a ready, willing and able buyer is willing to pay for it, not what the seller wants to net whether there is a loan payoff or not.  It’s important to know what similar homes in your neighborhood have sold for in the current market, and how long they stay on the market.   After coming up with a realistic asking price the next phase is to prepare the home for showings to prospective buyers.  A home that has been occupied has normal wear and tear and can be a little clutter.  Start by decluttering.  Clean underneath kitchen and bathroom cabinets...
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How to prepare for a video interview - One Temp Agency

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How to prepare for a video interview - One Temp Agency : Getting the job is the number one priority. See tips on how to prepare for a video interview that will help you dazzle the Hiring Manager and get the job.
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