People are selling their homes outright – without moving into another one. Others are “flipping” houses and, like it or not, flipping is here to stay. 2020 was the highest level of home flips since 2006 and a nearly two-percentage-point increase over the past three years. Are you taking advantage of it?
People are on the move – getting out of expensive states and relocating to more affordable ones like Texas and Florida. Nearly 700,000 people relocated out of California just last year. And almost 330,000 people moved to Florida from other states during the past year. if you’re a real estate agent, it can be a windfall. Are you taking advantage of it?
The Federal Reserve intends to raise interest rates soon. Mortgage rates are going to rise – buyers are going to retreat and the red-hot market will cool off. Like a wise man once said– all good things must come to an end.
Many experts believe the housing bubble is about to burst. Even though economists aren’t worried – just like they weren’t worried when the bubble burst in 2008 – it may come when we least expect it. Despite major differences between now and the 2008 crash – the market can turn on a dime.
Look, we’re not telling you anything you don’t already know. This is just a friendly reminder – if you haven’t already expanded your contacts and network, now is the time to do it. It’s easy to make contacts in the States. People are moving to or moving out of. An updated real estate agent email list from the Email List Company is a good way to start.
Are you a real estate agent or broker? Don’t wait. Take advantage of the market before it goes cold. Start expanding your network now.