Welcome to your weekly dose of insights from Real Estate Mentor Hub! As we wrap up summer and gear up for fall, the housing market shows signs of steady recovery. Let's dive into the latest stats, practical tips, and more to help you thrive as a realtor.
Market Stats
Based on recent forecasts:
- U.S. home prices are projected to rise by 2.6% over the next 12 months, per Zillow's updated outlook, with some markets softening but overall stability.
- Mortgage rates are holding around 6.6% through year-end, though 15-year loans could dip to 5.5% in late 2025, encouraging more buyers.
- Home sales are increasing, with California's market expected to grow 10.5% to 304,400 units, driven by better inventory and lower rates.
- Nationally, more homes are hitting the market, signaling a shift from the tight conditions of recent years. No crash in sight, thanks to low supply.
3 Tips for Realtors to Get New Business
- Leverage Social Media Hashtags: With International Hashtag Day on August 23, boost visibility by posting local market insights using tags like #HomeBuyingTips or #YourCityRealEstate. Aim for 3-5 posts per week to attract leads.
- Host Virtual Open Houses: Use platforms like Zoom to showcase listings remotely, reaching out-of-town buyers. Follow up with personalized emails to convert viewers into clients.
- Network at Community Events: Attend local gatherings (e.g., back-to-school events this month) and offer free home value assessments, it's a low-pressure way to build relationships and generate referrals.
Relevant This Week
August 23 marks International Hashtag Day and Internaut Day, perfect reminders to refine your online presence. With back-to-school season in full swing (American Adventures Month), highlight family-friendly neighborhoods in your listings. Also, keep an eye on falling mortgage rates boosting buyer activity, position yourself as the go-to expert.
Company to Watch: Prologis (PLD) for possible Investment
Prologis, a leader in logistics real estate, is poised for growth in 2025 amid e-commerce expansion. With $1.2 billion in planned projects and strong demand for warehouse space, its stock could offer solid returns. Analysts rate it a "buy" with targets around $130. Consider it for your portfolio if you're eyeing real estate tech plays.
Call to Action
Today, pick up the phone and contact one past client. Ask how they're doing and if they know anyone needing real estate help. This simple step could land your next referral. Start now and watch your business grow!
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Stay proactive, and let's make this week count!
Hereā€™s to your continued success!
Agi Vermes Smith
Founder of Mentor Hub LLC
Mentor & Real Estate Coach
The Real Estate Mentor Hub Team
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