Launch yourself like a business starting on Day One

Ultimately, any agent who treats themselves like a business from day one will be able to establish a solid foundation for their real estate career and set themselves up for long-term success in this cutthroat industry.

How well do you really understand real estate contracts?

Providing the highest level of client service means understanding the ins and outs of real estate contracts. Broker Teresa Boardman breaks down the most problematic and error-prone contract elements for you.

Teams Spotlight: The MSH Team

Find out how these three agents offer impeccable service and extraordinary results to clients in New York City and Miami.

What to do in Denver in April 2023

Check out these great April events!

 

 

 

April 6th – 9th: Colorado Rockies Opening Weekend

“Catch the Start of the 2023 Season, Live and in Person! Colorado Rockies vs. Washington Nationals.” Get Tickets!








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Denver Real Estate News – April 2023

 

More Inventory, But Still Tough for Buyers

 

The local real estate market has seen a significant increase in active listings as compared with last year. However, that number remained low at the end of February, with only 4,100 active listings in metro Denver. Inventory is expected to remain short throughout the spring, making it a challenging time for buyers.

Despite challenges in the market, the number of properties under contract in February was only down 8.5% from last year, and average prices are still increasing slowly, with a 2.83% increase from last year.

Days on market have significantly increased from last year, at an average of 45 days to sell a home. There has also been a significant shift in the sale-to-list ratio, with an average discount of 1.85%, compared to last year’s 2.13% premium. This difference in sales price can help make up for the recent increase in interest rates. Overall, although inventory is low, buyers and sellers can still make deals in the current market.


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7-state mega MLS ditches alphabet soup, rebrands as ‘Prime’

CEO Chad Jacobson: "Our name no longer ties us to a geographic location, but instead embodies our desire to be the best at what we do."

Purchase loan demand falls as jumbo mortgages buck rate trend

Ongoing banking instability sparked by the failures of Silicon Valley Bank and Signature Bank may affect the availability of jumbo mortgages.

LoanDepot founder gets wish: Ozonian joins board after face-off

The settlement with loanDepot founder Anthony Hsieh ends a proxy fight that broke out in February after Hsieh was ousted as loanDepot's executive chairman.

75% of agents say they won’t switch brokerages over next 2 years

From 2019 to 2023, the number of agents who left a brokerage due to a weak culture doubled to 30 percent, according to a recent Coldwell Banker survey.

Apartment sales plunge 74%, fastest drop since Great Recession

Interest rates are to blame as investors who scooped up multifamily buildings throughout the early years of COVID-19 pull back, according to a new report.

Better workers fear they won’t see $100M in retention stock bonuses

The mortgage lender says it remains committed to distributing equity-based bonuses to all eligible employees, including $50M from CEO and founder Vishal Garg's personal equity.

New York City hot dog icon Papaya King saved following Extell eviction

The 91-year-old hot dog stand — once thought to be doomed — will instead move across the street after its building was purchased by a developer Extell Development and founder Gary Barnett.

Cash to burn: Do real estate’s big players have enough in the bank?

Real estate businesses burned through billions in cash last year. Intel breaks down the biggest companies with the least wiggle room as economic uncertainty stretches into 2023.

Don’t knock the She Shed, guys — it could get you a 2.5% premium

Amenities that appeal to cooking enthusiasts, like steam ovens, pizza ovens or professional-grade appliances, can also add as much as 5.3% more to a home's sale price, a new analysis shows.

Which brokerages are winning (and losing) in 2023?

The market crunch is on. Find out what the latest numbers tell us about the brokerages that are winning and those that are not.

KC Conway on a big banking risk that has flown under the radar

Hundreds of banks are exposed to large concentrations of commercial real estate — and high levels of risk, Red Shoe Economics' K.C. Conway, a seasoned Federal Reserve veteran, told Intel.

$295,000 Homes in New York, the District of Columbia and Illinois

A converted 19th-century schoolhouse in Elizaville, a one-bedroom condominium in Washington and a 1920 home with six bedrooms in Peoria.

You’re helping a new agent grow. What’s the B2B wisdom you impart first? Pulse

How do you help new real estate agents get up-to-speed on the fundamentals and create a foundation for growth?

23 objections you’ll hear now (and how to handle them)

Objections can throw you for a loop, and there will be a new one every time. There are a variety of ways to respond, but the key is to make your response authentic, incorporating your unique style and voice.

Why It’s Better to Grow Wild Plants Like Ramps Than to Forage for Them

This spring, don’t forage for wild edible plants. Instead, welcome them into your garden.

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