Redfin CEO: Market correction is ‘sharper’, ‘faster’ than expected

Redfin CEO Glenn Kelman also said the flow of institutions into real estate has made housing more like the stock market, and that brokerages have to either "race to the top" or "race to the bottom."

‘A palpable sense of hesitancy’: Luxe agents shift gears amid slowdown

Owners of high-priced homes aren’t sure it’s the best time to list, and even buyers with deep pockets are sometimes afraid to wade in. Top agents shared ways to adapt at Inman Luxury Connect.

Gary Gold, Dottie Herman inducted into Inman Golden I Hall of Fame

Inman Luxury Connect brought out luxury's finest at the Aria Resort and Casino in Las Vegas, rewarding some of the best in the industry on Wednesday with luxury real estate's highest honor.

EXp World Holdings tallies double-digit growth in profit, revenue in Q2

The real estate company's revenue increased 42 percent annually to $1.4 billion, and its gross profits increase 34 percent compared to the second quarter of 2021, according to a Q2 earnings report Wednesday.

9 Pitfalls Students Must Be Aware of When Renting

While in college, many students quickly get tired of living in a crowded and noisy dorm and decide to move into a rented apartment to have more privacy and freedom. At first glance, renting in college can seem like a good idea, and it really can be. But, at the same time, there are many related pitfalls that you must be aware of.

What are these pitfalls? Read on, and we will tell you about the top nine of them!

Renting Alone Isn’t Cheap

An average college student has to cover a huge number of expenses every year. This includes tuition and fees, academic services like WritePaper, tutors, books, food, and much more. Needless to say, their budgets are rather limited. So, often, young people can’t afford to cover additional expenses, which brings us to the first pitfall students must be aware of when renting – doing this on your own is expensive.

The cost of a dorm room can be anywhere between $8,000 and $13,000 per year. The average one-bedroom apartment rent is $1,129 per month or $13,548 per year, plus an additional $2,000 or so for utilities per year. As a result, the cost of a dorm is somewhat lower.

Finding Someone to Live With Isn’t Easy

While living on your own can be pretty expensive, living with a roommate(s) isn’t all that easy too. First of all, you need to know that finding someone to share your apartment with won’t be a simple task.

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Mortgage rates fell again as housing market reaches ‘equilibrium’

Mortgage rates took a sharp turn lower last week, just one day after the Federal Reserve raised its benchmark rate.

The average 30-year fixed-rate mortgage fell to 5.22% on Thursday, down from 5.54% earlier in the week, shortly after the Fed announced another rate hike. Mortgage News Daily reported that the average rate fell even further on Friday, to 5.13%.

A conceptual look at variable mortgage rates.

Rates had stayed more or less flat in the days running up to the Fed’s latest meeting, having come down from their most recent record high of just over 6% earlier in July.

The decline in the 30-year fixed-rate mortgage came on the heels of the Bureau of Economic Analysis’s latest gross domestic product report, which revealed that the U.S. economy had contracted for the second successive quarter. That is, notably, a widely accepted signal that the economy is in recession. The report found that the U.S. GDP fell 0.9% at an annualized pace for the period, according to the advance estimate. Economists had been expecting ever so slight growth of 0.3%.

The news of the economic contraction saw investors rush to the safety of the bond market, resulting in yields falling. Mortgage rates generally tend to follow the yield on the 10-year U.S. Treasury bond.

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The 3 Best Ways For Landlords To Increase Their Profits

The rental market heavily favors landlords these days which means that it is a great time to see some big profits. Many landlords are making great money and are looking to keep the tap flowing. Others are wondering why they are not seeing those same profits and can’t take advantage of the situation. 

There is a lot of money being left on the table by some landlords who aren’t aware of how they need to change their habits to make more money during this opportunity. Some of the changes will be easy and some will be more difficult. In this article, we will go over some of the ways to take advantage right now to be able to increase profits. 

1 – Fix the property

Unfortunately, there are many unscrupulous landlords who figure that it is better to not keep their property maintained to make more money in the short term. The reality is that it is better to spend money now to avoid paying more later. The key is that you have to spend money now to make money. 

Those little problems that seem like inconveniences will end up much larger problems with the price tag to match. This will eat into your profits when you should be making more money.

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Chime stays busy in 2022, rolls out Social Studio marketing tool

The company announced at Inman Connect Las Vegas, the tool allows a hands-off approach to social outreach and a way to promote without spending long hours devising a strategy.

House Hunting in England: Rural Splendor in the South West Region

The pandemic has ‘accelerated the market in Somerset exponentially,’ with domestic buyers and investors keeping inventory scarce.

Will lower mortgage rates revive homebuyer demand?

The largest weekly decline in mortgage rates since 2020 sparks increase in home loan applications after four weeks of declining demand, MBA's survey says.

Living In ... Ridgewood, Queens

The constantly changing neighborhood may share a border with Bushwick, Brooklyn, but residents want you to know ‘you’re in Queens, bro.’

Ridgewood, Queens: A Multiethnic Area That’s ‘Like a Whirlpool’

The constantly changing neighborhood may share a border with Bushwick, Brooklyn, but residents want you to know ‘you’re in Queens, bro.’

Are you geared up for a down market? 

If you haven’t experienced a buyer’s market before, everything you know about selling real estate is about to be turned upside down. Trainer Bernice Ross is here with the strategies that have helped her successfully weather multiple downturns.

Why You Should Try Crevice Gardening: ‘This Is the Future’

In a world where water is increasingly scarce, these rock gardens are not only pretty, but surprisingly resilient.

$2.9 Million Homes in Connecticut, Washington and Colorado

A 1732 Colonial in East Haddam, a Tudor Revival house in Seattle and an 1893 Italianate home in Denver.

From market shifts to Metaverse: 5 issues to keep a close eye on at ICLV

The action starts Wednesday, Aug. 3 with dozens of must-see in-person and virtual events. Here are the biggest names, most explosive conversations and hottest topics to watch for this week.

Which tech tool is totally worth learning? Pulse

This week, we want to know: Which tech tool is so game-changing it's worth taking that class or watching that tutorial?

Why floor plans are a real estate agent’s next big opportunity

Transitioning from a nice-to-have marketing tool to a must-have closer, floor plans are having a moment, driven by widespread pandemic-era adoption.

The Portable Power Station Revolution – 4 Things to Know

Portable power stations have come on by leaps and bounds in recent years. With faster charging times, smaller and more convenient designs, not to mention the great strides seen with solar panels, we are well and truly on the cusp of something big when it comes to portable power. 

Whether you’re looking for something to take camping or use as a backup power source in the home, the days of the diesel or gas chugging generator are coming to an end—and in its place comes the portable power of the future. 

1. Several Charging Options  

Look no further if you’re looking for the best portable power station. Today’s portable power options are almost unrecognizable to what we had just a few years ago. They provide clean power on the go for every need, whether keeping everything charged while on that family camping trip, having it around the house in case of a power cut, or using it for off-grid living.  

Modern portable power stations can be charged through AC mains, solar panels, and even while in the car, making them hugely versatile for all situations.  

2. Speedy Charging 

Portable power stations, particularly those that come with solar panel options, have long been much maligned for their slow charging—but how times have changed. 

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Top 3 Vacation Spots in Central America

Central America is a stunningly beautiful place to visit. Those who are lucky enough to visit the region can see truly picturesque vistas every day! The incredible scenery is part of why Central America is a key tourist destination for millions of visitors worldwide. 

Another reason for its appeal is that the region focuses more on giving someone more bang for their buck, especially regarding rentals and luxury real estate vacation homes. 

Today we’re going to share a few of the key vacation spots we recommend throughout Central America for anyone curious to see the region’s beauty for themselves. These places are also rife with opportunities for enterprising realtors and investors looking to expand overseas or who are already present in Central America. 

1. Panama City, Panama

Historic and scenic Panama City, which happens to be the capital of Panama, sees thousands of tourists a year. The draw is due to its beautiful positioning right alongside the Pacific Ocean. 

Whether someone is looking to stay in an area known for its luxury real estate in Avenida Balboa or is just preparing themselves for a cruise that happens to include a stop in the city, there are lots of opportunities in the city. 

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