Posts by Scott Klocksin

Economists: Recession likely in 2020 but housing won’t tank
Economists: Recession likely in 2020 but housing won’t tank

A poll of more than 100 real estate economists and experts finds half of the respondents think a recession will begin in 2020. Learn about their reasons for such assertions and predictions for the housing market overall in the next...

What do agents actually think about their income?
What do agents actually think about their income?

Ninety-nine percent of agents told researchers they are proud of what they do. But just 21 percent said they would recommend the career to...

Can Amazon revive Realogy? Ecommerce giant launches broker partnership
Can Amazon revive Realogy? Ecommerce giant launches broker partnership

Anyone who’s bought a home knows that it’s usually only a matter of days after closing that their mailbox is inundated with marketing materials. The idea from Amazon is to give consumers an incentive to use an agent through one...

Harvard report: Home remodeling growth could slow way down soon
Harvard report: Home remodeling growth could slow way down soon

Weakening home sales, a sluggish new construction market and slowing growth in permitting for home improvement projects have all impacted the pace of remodeling, particularly projects undertaken with the goal of putting properties on the market for a quick...

The pros and cons of multimedia
The pros and cons of multimedia

Video isn't always the best answer to a marketing challenge. Agents and brokers may find expanding their horizons and thinking through the many multimedia tools available for marketing a given property can help them find a better strategic...

Single-family housing starts fall 8.3 percent in Midwest
Single-family housing starts fall 8.3 percent in Midwest

High land and labor costs have tempered optimism that might otherwise accompany low mortgage rates and an economy that’s been strong overall. But there are also some encouraging signs on the...

Why Chicago stayed affordable while other big cities didn’t
Why Chicago stayed affordable while other big cities didn’t

A new study finds that, since 1960, median home prices have climbed by 121 percent, and household incomes rose less than one fourth as fast. But digging into the data in Chicagoland, a more nuanced picture emerges....

Why aren’t more homes hitting the market in Chicago, and what can be done about it?
Why aren’t more homes hitting the market in Chicago, and what can be done about it?

Just when many housing markets were seeing some relief in their scant inventory of for-sale housing, there are now fresh signs afoot that supply levels may return to a trend of...

Mortgage delinquencies hit historic lows
Mortgage delinquencies hit historic lows

Low unemployment, rising home prices and responsible underwriting are all identified as sources for these positive numbers. Still, there's one major factor external to the economy that can have a major impact on the rate of foreclosures in a given...

Midyear job gains encouraging, particularly for construction
Midyear job gains encouraging, particularly for construction

While casual observers might have been expecting dismal numbers in the latest jobs report from the Bureau of Labors Statistics following expectedly soft figures in May’s report, Friday’s jobs report was actually pretty encouraging. The total nonfarm job count rose by...

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