As the market makes profitability more difficult to attain, cost control measures will become ever more important for brokerage companies. Check out my site at: www.ByrdHouse.Team ​ ​ ​IG​#CoachRandyByrd​ eXp sneak peak>>>RealtyeXplained EXp has an exponentially more efficient cost structure than any of its brokerage peers. Why it matters: In the highly uncertain market of 2022, with transaction volumes falling and brokerages responding by cutting costs, financial efficiency

Higher mortgage rates are now 'housing market's primary constraint,' economists at Fannie Mae said in a new forecast predicting home sales will fall 13.5% this year. Check out my site at: www.ByrdHouse.Team ​ ​ ​IG​#CoachRandyByrd​ eXp sneak peak>>>RealtyeXplained Higher mortgage rates “are now the housing market’s primary constraint,” economists at Fannie Mae said in a new forecast predicting home sales will fall 13.5 percent this year, and that the Federal Reserve’s increa

As we enter the second half of the year, taking the time to pause and reset is yet another way to ensure success. Here you'll find specific strategies to help you re-boot this summer. Check out my site at: www.ByrdHouse.Team ​ ​ ​IG​#CoachRandyByrd​ eXp sneak peak>>>RealtyeXplained It’s hard to believe that we are approaching the year’s mid-point. The past few years have been non-stop, head-down, 24/7 kind of days. Not that any of us are complaining, but the sheer volume of

Automation frees agents from tedious tasks so they can focus on relationship building. Check out my site at: www.ByrdHouse.Team ​ ​ ​IG​#CoachRandyByrd​ eXp sneak peak>>>RealtyeXplained Good news for real estate agents: our profession — especially in the luxury space — is highly skilled and human-centered, meaning that it’s not at risk from automation. More good news: our days are filled with tasks that have the potential to be automated, freeing us up for the strategic, peo

The market is softening and it's reflected in quarterly declines. Fewer transactions mean less brokerage revenue. Check out my site at: www.ByrdHouse.Team ​ ​ ​IG​#CoachRandyByrd​ eXp sneak peak>>>RealtyeXplained All real estate brokerages experience a seasonal decline in revenue during the first three months of the year — but the amount varies between brokerages. Why it matters: The degree of revenue decline highlights which companies are under and overperforming “the marke

Vince Leisey, founder and CEO of Berkshire Hathaway HomeServices Ambassador Real Estate, believes masterminding is the No. 1 thing agents should commit to for success in their businesses. Check out my site at: www.ByrdHouse.Team ​ ​ ​IG​#CoachRandyByrd​ eXp sneak peak>>>RealtyeXplained Vince Leisey, founder and CEO of Berkshire Hathaway HomeServices Ambassador Real Estate, believes masterminding is the No. 1 thing agents should commit to for success in their businesses. Leis

Pending home sales dropped 3.9% from March to April, marking the sixth-straight month of declines amidst climbing mortgage rates, according to data released Thursday from NAR. Check out my site at: www.ByrdHouse.Team ​ ​ ​IG​#CoachRandyByrd​ eXp sneak peak>>>RealtyeXplained Pending home sales took a 3.9 percent drop from March 2022 to April 2022, marking the sixth consecutive month of declines amidst climbing mortgage rates, the National Association of Realtors (NAR) reporte

Check out my site at: www.ByrdHouse.Team ​ ​ ​IG​#CoachRandyByrd​ eXp sneak peak>>>RealtyeXplained The housing market is on the cusp of an “inflection point” right now. That at least, is the takeaway from multiple recent reports as well as conversations Inman had with industry economists. And it’s an inflection point that will impact prices, supply, demand and the lives of agents and consumers alike. It’s a big deal. But there are two parts to this shift. First, the freewhee

There is no question that rising interest rates have pushed us into a market shift. Here's how to have those all-important discussions with your buyer clients about timing, markets, and budget. Check out my site at: www.ByrdHouse.Team ​ ​ ​IG​#CoachRandyByrd​ eXp sneak peak>>>RealtyeXplained As the Fed continues to raise interest rates to stem inflation, buyers are backing out of the real estate market in increasing numbers. Adding to the maelstrom is the current volatility

Not until next year do Fannie Mae's Economic and Strategic Research Group economists expect to see a ‘a large deceleration in home price growth,’ with some regions likely to see price declines. Check out my site at: www.ByrdHouse.Team ​ ​ ​IG​#CoachRandyByrd​ eXp sneak peak>>>RealtyeXplained After the biggest surge in mortgage rates in 40 years, houses are now less affordable than they were at the peak of the 2006 housing bubble, which is likely to dent home sales and cool t

Only a small percentage of agents can answer these ten questions about their listings. Are you one of the select few who can? Check out my site at: www.ByrdHouse.Team ​ ​ ​IG​#CoachRandyByrd​ eXp sneak peak>>>RealtyeXplained Have you ever failed to call back a buyer’s agent about one of your listings because you don’t have time to answer their questions? Do you become aggravated when a buyer grills you about the mortgage and other property details? Only a small percentage of

15 percent of home sellers dropped their asking price during the four-week period ending May 1, compared to nine percent of sellers last year. Check out my site at: www.RandyByrd.TV ​ ​ ​IG​#CoachRandyByrd​ eXp sneak peak>>>RealtyeXplained Sellers across the United States are dropping their asking prices at the highest rate seen since 2015, but that’s not translating to relief for buyers, according to a new report. Data from the online brokerage Redfin shows that 15 percent

Revenue grew 73% and gross profits increased 56% to $83.5M as recruitment continued to gain steam ahead of a goal of reaching 100K agents by the end of 2022, according to earnings on Wednesday Check out my site at: www.RandyByrd.TV ​ ​ ​IG​#CoachRandyByrd​ eXp sneak peak>>>RealtyeXplained eXp Realty saw its revenues and profits continue to grow in the first quarter of 2022 as the company undergoes an ambitious global expansion, according to an earnings report released Wednes

New agents face a variety of challenges when starting out, but they can be overcome using simple methods to build a professional network and exemplary skills. Here's how to break through as a newbie. Check out my site at: www.RandyByrd.TV ​ ​ ​IG​#CoachRandyByrd​ eXp sneak peak>>>RealtyeXplained It’s true what they say: Nothing worth having comes easy. Real estate is an industry with unlimited earning and growth potential, but it’s important to be realistic and to know going

Remember, when you're cold-calling, you're serving — not selling. Here are 3 concepts and 6 dialogues that can help you communicate more effectively Check out my site at: www.RandyByrd.TV ​ ​ ​IG​#CoachRandyByrd​ eXp sneak peak>>>RealtyeXplained Ever feel tongue-tied when you’re making your prospecting calls? Frozen in fear when the homeowner picks up the phone? Worried about not having the right words at the right time to make the right impression? I get it. The good news i

Realogy Expansion Brands CEO Sherry Chris and Compass US Region President Neda Navab said the brokerage of the future is one that prioritizes innovation and embracing change. Check out my site at: www.RandyByrd.TV ​ ​ ​IG​#CoachRandyByrd​ eXp sneak peak>>>RealtyeXplained The next decade isn’t going to see brokerages disappear, or consolidate to the point that only a handful survive. But according to a panel of industry leaders, traditional companies that don’t innovate or ev

Non-fungible tokens are all the rage in the financial industry right now and are making their way into real estate in new and surprising ways. Trendsetters shared a few ideas with Inman. Check out my site at: www.RandyByrd.TV ​ ​ ​IG​#CoachRandyByrd​ eXp sneak peak>>>RealtyeXplained When a digital artwork from an artist known as Beeple sold last year for $69.3 million, much of the world was confused. The piece, which looks like a collage of smaller images, is what’s known as

Check out my site at: www.RandyByrd.TV ​ ​ ​IG​#CoachRandyByrd​ eXp sneak peak>>>RealtyeXplained Owning your own independent brokerage is a dream many real estate agents have and many take the plunge, only to realize it’s not what they thought it would be. Namely, the risks are high, the overhead is huge and the perceived benefits of higher revenues and independence don’t always pan out as planned. If you have an independent brokerage and are looking for your next move, or i

In today’s competitive market, houses in all price ranges are drawing multiple offers, leaving many buyers in the lurch and exhausting agents. Here’s how some pros are getting by. Check out my site at: www.RandyByrd.TV ​ ​ ​IG​#CoachRandyByrd​ eXp sneak peak>>>RealtyeXplained For nearly two years now, Jennifer White has been working with a couple who sold their home in Ponta Vedra Beach, Florida, and moved into a rental while looking for a new home. The couple has consistent

Agents who create consistent, quality real estate video content will see their businesses grow. Find out what to film and how to share it with this comprehensive guide Check out my site at: www.RandyByrd.TV ​ ​ ​IG​#CoachRandyByrd​ eXp sneak peak>>>RealtyeXplained If a picture is worth a thousand words, then a video, with frame after frame, is worth a million words. We all know we should shoot more videos, but what types of videos should we shoot? This list will give you 22