Although the temptation to spend money on fancy logos, direct mail drip campaigns, Facebook ads and online lead generators is real, your best investment is building relationships — and that doesn't have to be expensive.

The number of vacant properties going through the foreclosure process is on the rise once again, even as fewer total properties lie vacant.

The San Francisco-based startup had been on an IPO track but expanded "faster than we could train, support and develop everyone," according to a company memo obtained by Inman.

Demand for mortgages at lowest level since December 2018 as bottom falls out of refinancing market.

Carl Liebert took the reins of Keller Williams parent company kwx in 2020. Following his departure, top executives will now report directly to company co-founder Gary Keller.

Recruiting should be about more than warm bodies, according to broker Teresa Boardman. Making the industry better starts with brokers and the quality of their agent recruitment.

People have multiple financial priorities in life. For some, it’s saving the down payment to buy a first home. Other times are saving college tuition for children, for their retirement, or untold other worthy financial goals. One that is often overlooked is the accelerated mortgage payoff.

There are many ways of doing this and doing so can save you 20, 30, 40, 50, thousand dollars or more over the life of your mortgage. For instance, you might make minimum payments for the first 5 years on a $200,000 30-year mortgage at 4.2%. Then, at the beginning of the fifth year, you start adding an extra $150 to your monthly payment. Your savings in interest costs over the remainder of the loan will be $26,093. A 17.15% savings. But there are many methods of saving interest costs and/or paying off your mortgage early. That is one of the more modest ways.

As time passes on a 30-year mortgage, the percentage of your income going towards your biggest asset will almost certainly become less. As you grow in your profession, you’ll earn more money. You will also probably have occasional financial bonanzas in the form of bonuses, large tax returns, or inheritances. Heck, you might even win $15,000 playing the lottery. The extra money from any source can be used to pay off your home earlier using one of these methods.

Regular extra annual payments. Using the same $200,000 30-year mortgage at 4.2%, you may be able to begin making an extra $2,500 annual payment after a few years. Around year 5 is when many people find their income outpacing their mortgage payments. That extra $2,500 annual payment results in paying off your loan 6 years and 11 months earlier at an interest savings of $34,449. A word of caution, keep an emergency account for unexpected financial needs.

Make 13 payments in 12 months. You could put 1/12th of a monthly payment into a special savings account (about $82 per month for a $200,000 mortgage). Or maybe you get paid every 2 weeks which results in an extra paycheck two months out of the year. Making that 13th monthly payment saves you about $26,000 of interest and cuts more than 4 years off the length of the loan.

Data from analytics firm CoreLogic shows 67.9 percent of U.S. regional housing markets were overvalued as of the latest available data from March, meaning incomes in those markets can no longer support home prices.

As signs of a real estate market slowdown grow across the country, many sellers are resetting their home price expectations.

Recent data suggests that both new home and existing home sales are falling, as well as pending home sales. The latter fell for the sixth consecutive month in April to its lowest pace in almost 10 years, according to a report from the National Association of Realtors last week.

Homes are still selling fast but a slowdown is evident in many markets. Amid rising mortgage rates that are pricing more buyers out, some home sellers are having to revisit their asking price.

Price drops are particularly more common in migration hotspots, places that have been relatively affordable but saw home values surge as more people have migrated in from coastal areas since the pandemic began, a new report from Redfin says. For example, in Boise, Idaho, home prices are up 62% over the past two years. In April, 41% of home sellers dropped their prices, the largest of 108 metro areas tracked by Redfin.

More than 20% of home sellers dropped their price in April in seven of the 10 most popular migration destinations, the report says. Other areas that are seeing a rise in price drops include Cape Coral, Fla. (at 33% in April); New Orleans (32%); Baton Rouge, La (31%); and Sacramento, Calif. (30%).

Seven months after its acquisition, Concierge Auctions is rebranding to Sotheby's Concierge Auctions — a reflection of its new chapter with parent companies Sotheby's and Realogy. The company said the rebrand will be complete by August, which includes phasing out the original name, logo, marketing and other collateral for a look that aligns with Sotheby's current branding.

Showings were down across the U.S. in April, which is strange because April is typically when the housing market hits a high point, ShowingTime President Michael Lane said.

Pacaso has coalesced a group of influential agents into a luxury real estate ambassador program.

The new office is the company's 36th franchise to date and its first in the state of Georgia.

A confluence of soaring demand, shrinking supply and low interest rates has pushed prices across the Netherlands to record heights.

A three-bedroom unit in an 1818 carriage house in Charleston, a two-bedroom bungalow in Austin and a renovated 1909 farmhouse in Bridgton.

After decades of crime, the city is ‘coming up’ — with the cuisine and culture of a major metropolis, but the laid-back vibe of a smaller place.

There are three key metrics that everyone in real estate needs to understand, but no one seems to be talking about. Talk to your potential clients, and arm them with the data they need to make solid decisions.

This week, we're wondering: How are your clients funding their purchases, especially in the face of higher home prices and interest rates?

After decades of crime, the city is ‘coming up’ — with the cuisine and culture of a major metropolis, but the laid-back vibe of a smaller place.

After decades of crime, the city is ‘coming up’ — with the cuisine and culture of a major metropolis, but the laid-back vibe of a smaller place.