Improving Your Business

Stories, articles and advice aimed at improving your business

TILA-RESPA: Nearly Half of Lenders Unprepared

New TILA-RESPA rules will come into effect in August, but a new survey shows lenders are struggling to prepare. Effective August 1, lenders will be responsible for altering procedures to respond to the new TILA-RESPA Integrated Disclosure Rule, aimed

The Suburban Switch: How Longer Commutes Affect Homebuying

Suburban sprawl is giving way to walkability. But what does this mean for the people stuck in the suburbs? The lay of the land is changing. Where once work and life shared common vicinity, these days, people, whether by

The Many Ways that Millennials Truly are Different

When compared with previous generations, the uniqueness of the Millennials is truly impressive. Millennials represent the most diverse population in America’s history, but the implications of that statement – and what they specifically mean – are not always appreciated,

The Secret Reason Why Housing is So Slow to Recover

New economic research suggests a very good reason for why the housing recovery has been so tepid. Interest rates remain at historic lows. Rising rents have rendered mortgages as much as 50 percent cheaper in some spots in the country.

4 Incredible Stats About Smartphone Usage in 2015

Smartphones are certainly commonplace, but recent research drives home how important they are for users. Few items are more ubiquitous nowadays than smartphones. Whether one is at home, in the car, on the train or simply walking down the

The numbers could not be clearer: Hispanics will play a greater and greater role in the U.S. housing market. Hispanics are growing in prominence in the United States, and in few areas will they have a more pronounced impact than

Move the Sale Forward by Gaining a Position of Strength

We’ve all had them: phone conversations with our clients that go nowhere. Here is an easy strategy for agents to break this tiring cycle, and gain or maximize a position of strength by establishing your leadership and expertise. Mary

Location, Location, Location: A New Mantra

A new study from Logwood University attempts explains the relationship between an agent’s effort and the property’s location. A new study from Logwood University in Farmville, Va. is emphasizing the importance location plays in the home selling process, but not

7 Important Facts About Today’s Home Sellers

What are the characteristics that define home sellers in 2015? The last couple weeks, we’ve been analyzing quite a few findings about homebuyers in NAR’s newest Generational Trends report, but what of home sellers? What makes them tick? Here

Will Rising Rents Finally Push Millennials to Buy?

Could sky-high rents be the final push Millennials need to buy a house? Record-low home prices and historically low mortgage rates have not been enough to entice Millennials to buy homes, but now analysts have struck on another economic

4 Surprising Details on How Buyers Finance Their Home Purchase

Today’s home financing landscape, thanks to the economic downturn and other factors, is hardly straightforward. Of all the area’s of the homebuying process, the financing stage could very well be the most complicated. After all, it’s one thing to

Real Estate Tech: A New Measure of Quality?

A new survey from Redfin shows a shift in how consumers are approaching the agent selection process. It’s a new world in the wake of the financial crisis, a new survey from Redfin shows, one where tethers to quality have

Now’s the Time to Shield Your Real Estate Brokerage From Intellectual Property Liability

Why Copyrights and Licensing Matter in the Shifting Online Landscape If you’re in the brokerage business, you understand real estate law and property rights. Now, with more and more business moving online and everyone wanting access to your listings,

The 6 Ways That Homebuyers Search For Homes

We all know the Internet is prominent, but there are interesting details to how homebuyers search for homes nowadays. It’s no mystery that the Internet is the defining conduit for real estate today, but NAR’s Home Buyer and Seller

Zillow Group Welcomes 24 Additional MLS Direct Feeds

Just a week after announcing direct-feed arrangements with Realogy, Keller Williams and California Regional MLS (the largest MLS in the country), Zillow Group has stepped its game up further, adding 24 new MLS direct feeds, including the combined Los Angeles/Westside

RESPA-TILA: Big Changes Are Coming

For four decades, RESPA and TILA have run parallel to each other. On August 1, 2015, they’ll be consolidated, and the changes will be significant. In 1974, in an effort to stop widespread corruption in the housing industry, Congress

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