10 US states where the sales-to-list gap for homes is widening the most

West Virginia boasts the largest number of homes currently selling below list price, according to an analysis of Zillow data from the past 12 months from luxury real estate brokerage RubyHome.

Home offers facing competing bids have plunged over the past 6 months

Fewer homebuyers are facing even a single competing offer. And when buyers find themselves in bidding wars, the field is less crowded, according to a report from Redfin.

WATCH: Fredrik Eklund teaches The Karate Kid crane kick at ICLV

Eklund started out his early morning interview at Inman Connect Las Vegas by getting the audience members on their feet and getting their feet in the air, before settling in for a wide-ranging discussion of family, tech and teams.

Refinance applications jump on wild swings in mortgage rates

Mortgage rates last week rebounded, having dropped towards the end of July. As a result, mortgage demand was split, with refinancing applications moving higher while homebuyer applications fell, according to the latest data from the Mortgage Bankers Association.

“Close up of Mortgage Refinance Application Form with pen, calculator, writing hand”

The data shows that the average contract interest rate for a 30-year fixed-rate mortgage with a conforming loan balance rose to 5.47% last week, up from 5.43% a week prior. That saw points rise to 0.80 from 0.65 for loans with a 20% down payment.

While the weekly average didn’t change much, daily moves were more dramatic.

Another read from Mortgage News Daily showed the average rate on the 30-year fixed jumping 45 basis points at the start of last week, then falling 41 basis points on Thursday and then jumping up again by 36 basis points. Mortgage rates don’t often move in such large increments.

That volatility was likely behind the gain in refinancing, which has been falling steadily since the start of this year. Those applications rose 4% for the week. Some may have been taking fast advantage of the drop in rates or were still hoping to get the lower offerings from previous weeks. Refinancing, however, is still down 82% from a year ago, when rates were right around 3%.

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More Home Deals Are Falling Through

June saw the highest share of canceled purchase agreements since the start of the pandemic. The likely culprit: lending rates.

22 ways to show your clients appreciation

Showing your clients that you care does not have to be time-consuming, but it does need to be personal. Check out these impactful suggestions to raise the bar on your clients' gifts and to let them know they are a top priority

4 metrics that matter: Daily tasks for greater agent productivity

Everyone wants to make it through the market downturn, but without proper metrics, you may not measure up. CEO Adam Hergenrother says how you serve your clients matters. Here are four things you should be doing every day.

5 stress relievers for real estate agents

It's no secret that being a real estate agent comes with its share of stressors, says The Agency's Santiago Arana. Manage your stress and reset your mindset with these simple techniques that you can do anywhere and anytime.

You messed up, now what? Here’s how to take accountability the right way

Mistakes are bound to happen at some point in your career. Coach Darryl Davis shares his wisdom on how to give yourself grace while repairing your mistakes

Redfin’s iBuyer expands into Florida among the hottest US markets

RedfinNow is operational in the Orlando and Tampa areas as of this week and will launch in the Palm Beach and Miami areas later this month, with Florida marking its 16th state in 34 markets.

EXp nabs high-performing Engel & Völkers team in Utah’s Park City

The Lawson team works with high-end properties in Park City and other Utah communities. The team's jump to eXp is the latest in an ongoing trend of teams migrating to the techie brokerage.

More communications, less fluff. Bonzo upends the CRM: Tech Review

Bonzo deftly avoids CRM stereotypes, yet does exactly what a true CRM should. Its video, live chat, email and text campaigns focus on quick responses, relevant subject matter and traceable discussions.

Woman gets 87 properties thanks to a copy-and-paste mistake

A Nevada woman set out to buy a single-family home worth just under $600,000, but due to an error at the title company ended up with an entire subdivision, according to reports.

Home price growth is scaling back, but not everywhere at once: NAR

Single-family homes saw a double-digit annual rise in sale prices in 148 of 185 metro markets in the second quarter, but overall numbers point to a housing market in the opening stages of a cooldown, according to a report.

WATCH: Mike DelPrete on the end of the ‘sustained unprofitability’ era

"Cash is king," the real estate analyst argued during his opening address at Inman Connect Las Vegas. His point was that losing money has turned from an advantage to a liability.

Great Reshuffling revived as record number of buyers chase new metros

A record-high 33.7 percent of homebuyers sought to move from one metropolitan area to another in July, up from 32.6 percent in the second quarter of 2022, according to a report from Redfin released on Thursday.

WATCH: Anywhere COO shares a childhood tech memory at ICLV

Melissa McSherry shared the value of tech for improving the lives of clients, agents and stakeholders throughout the transaction while recalling her childhood ties to the tech industry.

Mark Cuban thinks metaverse real estate is ‘the dumbest’ thing ever

The billionaire investor and NBA franchise owner thinks buying virtual plots of land in a crypto-fueled metaverse is dumb. Like "super, meta, immaculately dumb."

Broker Spotlight: Rishi Bakshi, Intero Real Estate Services – East Bay

This week, our spotlight shines on Rishi Bakshi of Intero Real Estate Services East Bay in Fremont, California.

This Week’s Focus Is On Tampa Agents

This week we travel down to Tampa, Florida, in search of the top real estate professionals in the region. As has been the process in past weeks, we rely on Google and Zillow ratings to isolate the agencies, then drill down to find out their digital and conventional marketing practices. Our methods continue to shift, but we’re homing in on ways consumers can quickly isolate and evaluate the professionals best capable of converting sales. We also found the same sad situation in Tampa, which we’ve run across in other medium-sized markets. With hundreds of agents to choose from, relatively few actually use all the available tools to service clients. Here’s this week’s list.

I almost missed Tampa, Florida’s most prolific agency. Were it not for the relative mediocrity of Andrew Duncan’s competitors, a slight flaw in my methodology would have left him off this list. You see, the 5-star/100 plus Google and Zillow criteria I established for previous lists do not cover all circumstances. The Duncan Duo team has one horrible review out of over 1,000, which takes their rating down to 4.8. So, it’s a good thing I went back to search Tampa agents for a superstar. Somehow, I knew there had to be a Tampa-St. Pete marketing hero out there.

Duncan has no peers in the realm of marketing, according to what I found. Facebook, Instagram, Inc. 500, almost 3,000 subscribers on a real estate Youtube channel, the guy needs a costume like Green Lantern. Seriously, in hundreds of reviews of real estate professionals nationwide, only a handful are as good. The only negative, I could find across this Tampa agent’s footprint is the fact his dentist made the man’s teeth too white. The smile from the guy will blind you even on Instagram. As you can tell from the share I use for his profile pic. If Duncan has one strike against him, it’s his ghastly ugly website, which does pass SEO with a score of 89/100. No seriously, this is the guy I’d get to sell my house in this region. I’m not alone in this assessment either. Duncan Duo has been the No. 1 Re/Max agent in Florida and the No. 8 team in the world, as well as having been endorsed by Barbara Corcoran (Shark Tank). Come on, the guy even has his own radio show.

Christie’s International associate Kelly Parks has made 142 sales in the last 12 months, according to Zillow. However, looking at her marketing prowess across all spheres, I’m thinking she could have made a lot more. Perfect Google and Zillow reviews led me to her various profiles and to a score of traditional media mentions. While I was not thrilled by Parks’ corporate Instagram style, her followers and post frequency speak volumes.

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