Jeff Adams Report for Housing Market and Human Factor Data

Jeff Adams Report for Housing Market and Human Factor Data One of the great draws of the housing market for an economist like me is the availability of data. All month, price indices, existing home sales, housing market starts and sentiment surveys take center stage in the estimate of housing market conditions. Economists supplement housing statistics with other economic indicator, like interest rates, job creation numbers or GDP, that give context to the underlying causes of real estate activity. 

Listening to economists is a huge way to understand the Real estate housing market. The hallmark of a great real estate agent, as many of you who have bought or sold a home know, is detailed local market skill and insider insights based on connections with clients, day in and day out.

The Agents is the only company that collects and tracks data from its own real estate agents across the country at scale data about the housing market that economists have never had before. Weeks and months then home sales roll up into in public available data, Redfin knows whether home tours or offers made have increased or decreased. 

Agent data scientists built an algorithm to identify homes that are likely to sell fast and estimate how many days each home will be on the market. We collect individual insights from Real estate agents to help us understand the stories after the numbers, whether its buyers submitting offer letters in video form or families sacrifice space for an urban lifestyle.

Combining tried-and-true housing market data with the human side of the business is what I do at agent as chief economist. Our data scientists and real estate agents work together to deliver a real-time assessment of what’s going on in the real estate housing market. And in this space, my mission is to give you deeper insight on the economics of the housing market based on real-time activity of 1000 of buyers and sellers around the country (USA).

We collect these types of story in our agent surveys. List data fail to show the condition and worth of homes on the market; we reveal that in tour insights. Our technology helps us make sense of data through the collection and analysis of real-world experiences at scale.

My fascinations with housing it not just about data, but also about the stories from my real estate agent generation and the customers they serve that bring the data to life. Matching our big data globe with real people making the biggest dealings of their lives leads to a treasure trove of topics about which to write. 

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Jeff Adams Report 10 most uneven housing markets in USA Real Estate

Jeff Adams Real Estate Seminar most real estate brokerages have gone paperless

Jeff Adams Real Estate Seminar most real estate brokerages have gone paperless More than half of all real estate brokerages 61 % are using business management systems, and they are seeing high level of agent getting and output gains, according to a survey by consulting firm REAL Trends.

The survey found that Web-based end-to-end real estate negotiation system that allow users to create, adjust, support, sign and share documents seem to help increase transactions per agent.

Agents at brokerages using transaction management systems did an average of 11.5 % deals per year, compared with 9.2 % transactions per agent at other brokerages.

The survey found that while 75 % of agents are using transaction management systems when they are available, manual data entry can reduce agent acceptance. Customer support and a proven completion process also increase agent acceptance, REAL Trends said.

A REAL Trends analysis of the survey results finished that the simpler the system, the better, and those efficiencies are maximized when all parties involved can work together to complete the transaction. The report said.

The dotloop platform was the most popular among the 295 brokerages surveyed, with 44.3 % market share, followed by DocuSign 10.8 %, Sky Slope 9.5 % and 10 other solutions.

Jeff Adams Real Estate Seminar Buy a Home at present five immense Reasons

Jeff Adams Real Estate Seminar Buy a Home at present 5 immense Reasons the nature of market bottoms is that it's hard to tell one's occurred until prices and sales level start to rise again. That's why the best time to buy is when market condition suggests a bottom. But the rewards may be well worth it. Here are five reasons to buy a home right now.

New jobs are available

Full nonfarm payrolls rose by 217,000 in May, and the being without a job rate is 6.3 %, according to the U.S. Bureau of Labor Statistics. Service increased in professional and business services, health care, social assistance, food services, drinking places, transport and more.

Houses are a great hedge against inflation

The Labor Department also says the May Computer Price Index is up 2.13 % year-over-year. The index for all things less food and energy rose 0.3 % in May, its biggest increase since August 2011. You may be paying more for goods and services, but if you are an owner, you are better off financially. 

Home price increases are slow

The middle existing-home price was $213,300, over 5 % above May 2013. Considering that the national median existing-home price was $158,700 in January 2011. That's when the PMI Insurance Company said home prices relative to income are below market basics in more than half of U.S. states. 

Mortgage interest rates low

During the recession, mortgage interest rates for a level 30-year, fixed-rate loan, and averaged 4.32 %. Now they are close to that and there's no recession. That means mortgage rates have nowhere to go but up.

Demand ready to release

Since the recession, home formation fell radically to 1% of the national population. But allowing for that the leading age of the largest generation ever 81 million Echo Boomers is at present over 30, the numbers should be closer to the 2.3% annual growth of the 1970's, when 78 million Baby Boomers reached adulthood.

Jeff Adams Report 10 most uneven housing markets in USA Real Estate

Jeff Adams Real Estate Seminar Report 10 most uneven housing markets in USA Real Estate According to data released Tuesday from real-estate brokerage Red fin, sales of the priciest 1 percent of home are up 21.1 percent so far this year. Meanwhile, in the other 99 percent of the market, home sales have fallen 7.6 percent in 2014. Plus, they are often reddening with money thanks to the active stock market as of late.

Ten markets Oakland (96.2 percent growth), San Jose (91. percent) and San Francisco (72.2 percent) , as well as Long Island, N.Y. (72.1 percent) and Seattle (67.7 percent) have seen sales growth in the ultra-luxury space produce more than 50 percent just in 2014. In each of the above markets, the home sales for everyone but the 1 percent in fact fell from between 1.7 percent to 7.3 percent. 

But perhaps even more shocking are the prices the 1 percent is willing to pay for these luxury homes. In San Francisco, the most luxurious 1 percent of homes sold for $5.35 million or higher, in Los Angeles, $3,650,000 or higher and in Orange County $3,450,000 or higher. What’s more, certain neighborhoods within these costly cities blow those figures out of the water: In L.A.’s Beverly Glen neighborhood, luxury home buyers need to shell out an average of $11.9 million, its Humbly Hills neighborhood $9.9 million, and its Malibu Road and Malibu Colony neighborhoods $9.5 million and $8.8 million respectively. 

While banks don’t offer conventional loans for homes that are this pricey, let’s assume they did. In this case, a luxury home buyer in San Francisco would need a million-dollar down-payment plus an annual salary of $957,000 to qualify for a 30-year mortgage and he did still need to shell out $22,300 a month on top of that to cover his loan payments. 

Many housing markets are starkly unequal meaning that the top 1 percent of homes are priced considerably higher than the median house price in the area especially those near the beach. Consider the top 1 percent of homes in Miami the most unequal market in USA was priced 14.9 times higher than the median, those in West Palm Beach 14.1 times higher, and in Fort Lauderdale 8.8 times higher.

How to Prepare Your House for fast Sale Real Estate Tips

All seller dreams of a fast sale preferably at or even above asking price. While a competitive asking price is crucial to a fast sale, there are many others, perhaps less obvious rudiments that also come into play. Before you get too overwhelmed, we are here to offer some tips and suggestions to get your property ready for a speedy, easy sale.

Competitive Price Point

Listing your home at the most competitive price point will settle on how fast you will receive offers. Before agreeing upon the value of your home, request for your realtor to run comps of your neighborhood. This will tell you what other homes within your community are selling for, and also provide details around square footage, beds and baths, and any updates to neighboring properties. 

Curb Appeal

Though we are taught not to judge a book by its cover, this popular saying doesn't exactly translate in real estate. A new front door in a bright, trendy color invites visitors in from the curb, as do seasonal flowers and a manicured, well maintain lawn. Even the smallest of touches, like improvement your mailbox make a drastic difference. Replace any outdated window dressings with fresh, modern shutters. 

Minimize and Stage

Staging your home for sale is all about highlighting its strengths and downplaying its weakness Eliminate mail, books from any counter surface, leaving it barren and clean. If you are house is full of personal memento, minimize these items and leave buyers with a clean palette. Chunky furnishings tend to drive attention away from the space itself, and also can make a room look considerably smaller. Eliminate these pieces and keep only the basics needed to.

complete a room.

Though it can be expensive, hiring a professional cleaning service to scrub down your property from head to toe is worth it. Homebuyers want to walk into a clean, fresh environment that is both welcoming and characteristic. Garnish your kitchen with a bouquet of crisp scented flowers to add a soft feminine touch.

As for staging your home, ensure the furniture items you have kept flatter each room properly. Create a cohesive style that allows home seekers to get a feel for how they could potentially control the space. Keep all organized within your home, from your cupboards to your closets, allowing viewers a chance to see how prepared their own lives could potentially be.

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