by RMLS Communication Department | Jun 3, 2009 | Market Trends
We know you’re curious how the market is doing. We are too! We’re guessing that you’ve probably had buyers asking if “we’ve hit the bottom yet” and sellers asking you how much longer it will take to sell their house. We don’t have a crystal ball, but we’ve been trying to provide you with more information to help you answer your clients’ questions.
You may have noticed Supra lockbox access graphs and charts. These stats should give you a sense of how many lockboxes are opened on a daily and weekly basis. Plus, we’ve added a graph to show you how that activity has changed through 2009.
Today, we’re releasing some brand new information: the number of new saved searches and the number of new prospects by RMLS™ subscribers per week since January 1! We hope these stats will be useful in helping you get an idea of when new buyers are joining the house hunt.
Saved Searches 5-24-2009
New Prospects 5-24-2009
We welcome your ideas of other stats you think might be useful. We can’t promise that we’ll be able to gather them for you, but we will try to incorporate those ideas whenever we can.
by RMLS Communication Department | Jun 2, 2009 | Events
Just wanted to quickly plug an upcoming event hosted by PMAR on June 8: “Internet Networking Survival Skills”.
David Gibbons from Zillow will share his experience with social media and help you learn how to avoid common pitfalls.
Natalie and I, along with a few other folks from the team attended REBarCamp PDX (Real Estate Bar Camp), a fantastic “unconference” that was held in April and David was one of the speakers. He, along with the other great presenters, gave a lot of helpful advice that we are keeping in mind as we venture into the social media sphere.
So, if you’ve been using, or are thinking about using sites such as Twitter, Facebook or LinkedIn, but aren’t sure where to go with them – check out this event!
Image courtesy of ilco
by RMLS Communication Department | May 29, 2009 | Fun Facts
REALTORS® have a tough job in trying to accurately & positively portray their listings, while also trying to set them apart from the pack (especially with a high-level of inventory), and I imagine it’s probably hard at times to find the right word (I can sympathize). With that said, I thought it might be interesting to see what adjectives are commonly (and not so commonly) used.
I did a quick survey of adjectives on active listings in RMLSweb; the survey was of words that appear in the “comments” (private or public) fields in RMLSweb.
The winner was “great” at 34%, followed by “beautiful” at just over 20%. However, I should note that I do have some suspicion that the term “great room” may have affected the outcome.
Here are the Top 20 results:
Click on the graph for a larger view
Those are the top 20, but I also spent a lot of time in the old Synonym Finder book by J.I. Rodale that we have sitting around the office. I checked out 65 words total in this highly UNscientific study (I had to stop somewhere!) Here’s the full list.
I probably missed some other common ones, but one can only spend so much time… let me know if you noticed any omissions!
Looking for Unique Language for Your Listing?
If you’re looking to be unique in your listing language, here are some words that I didn’t see in any listings:
Bewitching
Prodigious
Winsome
Wondrous
Tip-top
A Number 1 (ala Frank Sinatra)
Bang-up
Also, if you want to reach out to the younger generation, check out the Online Slang Dictionary – some very good stuff there.
This is what it looked like when I tried:
“This crib is totally fresh. It is in a bomb diggity location just outside of Portland. The kitchen is totally bonkers, with choice granite countertops & bumping hardwoods.”
DISCLAIMER: I don’t actually recommend that you use any of the aforementioned adjectives in your listings… However, if you want to, more power to you.
by RMLS Communication Department | May 20, 2009 | Market Trends, Portland
Are first-time homebuyers making an impact on the real estate market?
I recently received a statistical request from a writer at the Oregonian who wanted to know if over the last year the percentage of buyers in lower-price ranges has risen. As it turned out, in Portland, those buying homes in the $0 – $499,999 range now make up nearly 4% more of the market of homes that sell compared to 2008, while those buying homes from $500,000 – $1+ million has dropped off about 3.6%.
This influx could be attributed in part to first-time homebuyers who are jumping at the opportunity that is being presented to them, given the $8,000 tax credit, historically low interest rates and significantly lower purchase prices.
You can count me among the many first-time homebuyers taking advantage of the opportunity and I am seeing friends taking advantage of the deal as well. If they have some money saved, jobs they feel secure at, and a desire to own – they are looking to buy.
Temper Expectations
You’ve probably dealt with first-time homebuyers who expect amazing homes for their money. Sure, maybe they’ll get one, depending on their price range, but my experience was not as such.
In my price range ($200k – $230k), what I found in the areas that were attractive to me, was generally good, but older homes that may need some updating (and in fact, that’s what we bought).
My point is, remember to manage the expectations of these buyers, as they may have grand ideas in their head due to some reports in mainstream media. Obviously they should buy a home that they’ll be happy in, but also remind them that this is an amazing opportunity right now to make a sound investment for the future.
Image courtesy of bellemedia.
