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September 2018

Realtors in low-tax states target tax-weary buyers  — Realtors increasingly are focusing on the tax savings that could be reaped by wealthy homeowners who move from states with high taxes to states which collect no state income tax. See a state-by-state ranking of tax burdens. ...

Millennials, a huge generation, continue to confound expectations  — While most millennials have entered peak household formation and homebuying years, they are becoming homeowners later and at lower rates, the Urban Institute says. Click here to read the full report, Millennial Homeownership....

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Realtor Income Dips

September 6, 2018
Reflecting tight inventories that are slowing sales volumes, the median gross income of Realtors fell to $39,800 in 2017, a decrease from $42,500 in 2016. Realtors handled a median of 11 transactions in 2017, down from 12 deals in 2016, according to the National Association of Realtors’ annual Member Profile. Realtors spent a median of…To read more — login/sign up

 

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August 2018

Is commission competition alive and well? Answer is still unclear  — See Real Estate Broker’s Insider’s most recent roundup of commission trends. ...

Opendoor raises big money from investors  — Opendoor, the iBuyer platform that promises to revolutionize home selling, in June raised $325 million to expand its business. Watch Opendoor’s television ad targeted at sellers. ...

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Tech-Savvy Agents Will Prosper

August 16, 2018
Homes.com President David Mele says agents aren’t going away any time soon. But he predicts agents who don’t embrace technology are in danger. Mele puts a new twist on the long-standing fear that real estate agents could go the way of travel agents. That hasn’t happened, but he sees tech-savvy agents prospering and others disappearing.…To read more — login/sign up

 

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