Posts Tagged as 2017 Real Estate Trends

The 2018 Real Estate Market Heats Us

2017 Real Estate Market Trends – Did They Happen?

From inventory shortages to western migration and video usage in real estate marketing, did these 2017 trends take the market as predicted?

  • Millennials & Boomers Driving the Market
    Millennials remain the largest group of home buyers (34%) for the fourth consecutive year. However, 85% of Boomers have no plans to sell in the next year, contributing to the lack of affordable homes on the market.
  • A Slow Down in Price Appreciation
    With inventory at 20-year low, and demand heavy, prices don’t appear to be slowing down, except in certain markets/neighborhoods where upward limits have weakened affordability. If mortgage rates continue moving on up, demand may slow with pricing/affordability, but they’re still higher than historical norms.
  • Fewer Homes, Faster Sales
    A record number of buyers and few affordable homes make this one of the fastest moving markets in decades. In May, 1-in-3 homes sold in under 30-days nationally, with a median listing time of 60-days.
  • Shoppers Turn to Video
    100% of home shoppers used the internet to research a specific home, with 86% of shoppers relying on video usage in real estate marketing to learn more about communities, and 70% of shoppers touring homes via video – some of which make the home purchase sight unseen!
  • Popular Western Markets Top the Charts
    The hottest markets in the country are currently:
    1. Vallejo, CA
    2. San Francisco, CA
    3. Boston, MA
    4. Sacramento, CA
    5. Kennewick, WA
    6. Colorado Springs, CO
    7. Columbus, OH
    8. Midland, TX
    9. San Jose, CA
    10. Stockton, CA
  • The Midwest Moving to the Top of the Affordable Housing Market
    Ranked on affordability by the U.S. Census. These cities, with populations of 1-million+, topped affordability charts:
    1. Rochester, NY
    2. Buffalo-Cheeektown-Niagara Falls, NY
    3. Pittsburg, PA
    4. Kansas City, MO
    5. Indianapolis-Carmel-Anderson, IN
    6. Grand Rapids-Wyoming, MI
    7. Houston-The Woodlands-Sugar Land, TX
    8. San Antonio-New Braunfels, TX
    9. Dallas-Arlington-Fort Worth, TX
    10. Oklahoma City, OK

Learn how video usage in real estate marketing can prove true for you in the upcoming year. Visit Properties Online today.

Should Your Real Estate Video Try to Go Viral?

Should Your Real Estate Video Try to Go Viral?

Taking center stage in today’s video usage in real estate marketing tips and tricks: Viral real estate videos. Done correctly, viral videos can help you reach your target audience in a different way, drawing in clientele through an uptick in shares, and building your brand and reputation.

Coming Up with a Theme
Viral videos take common topics, but apply an amusing or funny perspective to addressing them, such as…

• A song parody.

• A short movie of a luxury property.

• Animated videos of property/area history.

• Neighborhood tours made interesting.

• Celebrity client testimonials.

• Funny web video series, such as ‘A Day in the Life of…’

• Hideous property montage (you’ve listed and sold).

• Re-enactment of funny/memorable/uncomfortable situations.

• Provocative commercials that entice potential clientele to see a property or use your services.

Feel ‘Viral Fever’ Coming On – Not So Fast
With video usage in real estate marketing, always remember to use good judgement when creating your video. Offensive or off-color video can give a bad impression of you and your brand – which as expected, will spread like wildfire – and backfire. If you’re not sure of your idea, ask a colleague you can trust. Remember: The goal is to create business, gaining the most out of your video investment.

Remember, the Best Viral Real Estate Videos Are…

Funny
The easiest way to go viral – albeit with the right style of language, content and humor.

Creative
The most respected way to get attention, creative titles (optimized for quick retrieval) make your competition wish they’d dreamed-up the idea first.

Short
Less than 5 minutes. Your company’s branding and logo should likewise make a short, subtle appearance.

Provocative
Yet with the industry’s conservative persona in-mind.

Memorable
Like the viral video, “Gangnam Style.”

Sick of the same old, same old? Create a marketing epidemic. Take advantage of viral video usage in real estate marketing with the help of Properties Online today.

Commercial Real Estate Trends That Are "Outside the Box"

Commercial Real Estate Trends That Are “Outside the Box”

Will Politics Throw a Wrench in Commercial Real Estate Works?
Political and global economic uncertainties could significantly affect commercial real estate over the coming year. What will come to pass? Only time will tell…

2017 Headlines to Watch
Be on the lookout – politics may toss the industry a big curve ball in the following arenas:

Lender Regulation
CMBS lenders are gearing up the “skin-in-the-game regulations” that are part-and-parcel of the Dodd-Frank Act. Requiring CMBS lenders to hold on to 5% of new deals or assign the risk to a B-piece buyer. These efforts to reduce risk could lead to a changed commercial-lending landscape, lowering revenue for everyone from property owners to deal sponsors and loan distributors.

Strategies are expected to change as a result of risk-retention rules. However President Trump, who called the Dodd-Frank Act a “disaster” and “disgrace,” noted he “will be working to dismantle it.” Though unlikely to be repealed, it’s could be significantly reduced under the administration.

Rising Interest Rates
Deregulation and other economic stimuli, including a larger deficit, are expected to continue to fuel rising interest rates. An indicator of a stronger economy and typically associated with a strong real estate market, rising rates could prove a double-edged sword. However, they’ll constrain property deals, making commercial real estate less affordable and inviting more cautious borrowing and lending.

Foreign Investment
Administration-induced trade reductions and continued friction between the U.S. and other world powers are expected to continue to muddy waters. Chinese investment in U.S. commercial real estate may be on the downswing according to reports from the financial press in late November of last year. While the E.U.’s BREXIT deal may (or may not) raise the appeal of American real estate investments.

Political uncertainties giving you a commercial real estate headache? We don’t have a crystal ball – but we do have your back. Lobby for control of your business. Contact Properties Online today.

What Experts Want You to Know About Drone Use in the Real Estate Industry

What Experts Want You to Know About Drone Usage in the Real Estate Industry

At a recent REALTORS® Legislative Meetings & Trade Expo, industry experts joined forces, sharing knowledge about safely aligning drone technology with video use in real estate marketing.

Who’s Got the Bird’s Eye View?
Jim Williams, manager of the FAA’s Unmanned Aerial Systems Integration Office; Doug Trudeau, associate broker at Tierra Antigua Realty in Tucson and the first realtor to apply for and receive a waiver for drone use (before drone flight certification was redesigned to omit manned flight licensing requirements); and associate counsel for the NAR, Lesley Walker.

What Guidance Did These Industry Experts Have To Offer on Drone Tech?

  • Don’t Be Careless
    Following rules without paying attention is the drone operating equivalent of texting while driving. Crashes are not uncommon, and overlooking potential dangers could be catastrophic. Batteries can be highly explosive on impact, resulting in serious injury – or even catastrophic wildfire. Don’t be so eager to use drones that you overlook risks.
  • Look Before You Leap
    Adding a drone to your business isn’t cheap. Equipment exceeds $1,000 and there are continuing costs, including liability insurance, adding another $600-800 per year.
  • Avoid Done ‘Spam’
    Avoid overusing this latest tech toy. Be mindful to keep videos short (under 2-minutes), with only 10-20 seconds of high-flying footage. And don’t fly so high/far that you lose the home to the surrounding environment. All footage should offer value.
  • Know Who’s in Charge
    If you notice a realtor operating unsafely, report it to the FAA. The NAR enforces the realtor code of ethics, not flying (or traffic) infractions. Also be aware – governance of drone use goes beyond the FAA to encompass federal, state, and local laws and enforcement. If you mess up – it’s not just the FAA you need to worry about.

Trying to achieve new heights with video use in real estate marketing? Properties Online can help. Learn how today.

Don't Just do Listing Videos! What Else to Put in Your Online Business Video Library.

Don’t Just do Listing Videos! What Else to Put in Your Online Business Video Library

Feel like video usage in real estate marketing is falling short of your expectations? You may not be leveraging it to its fullest potential. A successful video marketing approach should encompass much more than simple listing videos. What are you missing?

Other Essential Real Estate Videos Include:

• Just Sold Videos
The flipside of listings videos are easy to create and use the same files. These videos show off your sales success, offering potential new listing clientele the capability to see first-hand the genre of homes you typically represent and recent sales in their area.

• Welcome Home Videos
Once you receive notice an offer has been accepted, create and send a “Welcome Home” video using your listing files, inserting a slide thanking the clients for their business. Excited new homeowners often share these with family and friends – so don’t forget to include a call-to-action button and link to your site.

• Neighborhood Profiles
If you specialize in particular communities, neighborhood videos are a must, offering shoppers information on area amenities such as parks, recreation, schools, shopping, dining, and nearby attractions.

• About Me Videos
These videos help potential clients put a face and personality with your name, and are a terrific opportunity to show how you stand out from other agents. What types of things should you include? A headshot, awards you’ve received, client testimonials, things you’re involved with in the community (charitable organizations, volunteerism), and most importantly, your contact information.

• How-To Videos
Listing and buying particulars can be overwhelming. Simplify things with simple, instructional videos to help them through the process. These show you understand your clients’ needs intimately, add value to your services, and draw prospective clients to your web/social domains.

Still relying solely on listing videos? Step things up a notch with video usage in real estate marketing and reap sales success. Simplify the process with the help of the latest video builder tools and tips from PropertiesOnline today.

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