There are so many real estate articles out there — and so little time! For busy investors looking to take a quick reading break, look no further than our list of recommended reading for the week. From advice and investment tips to market reviews, we’re highlighting the stuff that’s really worth your time.
So sit back, and take a break. These were the 5 Must-Read Real Estate Articles of The Past Week:
By Lisa Davis via Realtor.com
Though prices aren’t at the Alpine heights they reached earlier this year, they’re still a whole lot higher than they were last year. And with supply scarce, and likely not catching up to demand for a very long time, it’s harder than ever to buy a home. More proof? Homeownership is at all-time lows. So if you’re a prospective homeowner, you’re probably feeling a little blue right now. Don’t worry—that’s normal! But if you’re going to survive the house hunt, you may need a little psychological preparation and support. Use your real estate agent as a therapist: “It seems like about 60% of my job is being a good counselor and listener,” says Cynthia Cummins, a Realtor® in San Francisco and author of the Real Estate Therapy blog.
By Diana Olick via CNBC
Home prices are gaining steam again, fueled by tight supply amid growing demand. Nationally, home prices were nearly 7 percent higher in August compared to a year ago, according to a new report from CoreLogic. That is a bigger annual gain than we saw during the spring market in May and June. Other monthly reports have shown the same phenomenon. “It is clear that house price growth has picked up recently,” noted analysts at Capital Economics, comparing August’s annual gain to a 4.8 percent rise in February. “Indeed, with the months’ supply of homes close to a 10-year low, if anything, both CoreLogic and Case-Shiller are reporting slower growth than might be expected.”
By Joel Cone via U.S. News & World Report
For the average small real estate investor, outright ownership of an office building, a local shopping center, a warehouse, or even an apartment complex is a dream that will go unrealized. However, there is an investment vehicle that does allow smaller investors to participate in the commercial marketplace by buying an interest in those property types, without the hassle of daily management responsibilities, while providing great potential for a passive income. Those vehicles are known as real estate investment trusts (or REITs). Created by Congress in 1960, REITs allow anyone to invest in a variety of commercial real estate, depending on the type of property a particular REIT specializes in.
By Stefanos Chen via The Wall Street Journal
Forget sports. The hottest free agents this season are real-estate agents. In pursuit of more deals and commissions, real-estate agents—most of whom areindependent contractors—are increasingly switching brokerage firms. And just like in the big leagues, when these players move, egos can clash. “There’s not a lot of brand loyalty,” said Billy Rose, an agent and co-founder of the Agency in Beverly Hills, Calif. “A lot of times they become mercenaries,” he said about agents, because they’re getting recruitment offers all the time. Jen Winston left Hilton & Hyland last October to join the Agency. For her, one of the biggest factors was marketing support.
By Ethan Sigmon via Inman.com
With over 300 million people who actively use the app, Instagram has ascended to the top of the social media market. Facebook remains the reigning champion, but many agents and brokers have seen a decline in their ability to reach new clients on that platform. However, Instagram has shown it is on track to become one of the largest advertisers in the world. Here are some ways that you can effectively use Instagram to grow your real estate clients. 1. Be consistent — People enjoy consistency. Imagine having a TV show that is supposed to air at 7 p.m. every day. You sit down to watch it at that time each day, but unfortunately, sometimes it’s on and other times it’s not.
Did you like these articles? What were your favorite articles this week?