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  • "Manhattan real estate is the most expensive in the US per square foot with some properties topping $10,000: Study" - CNBC.com"Move over San Francisco — the Big Apple tops Silicon Valley as most expensive place to live in the United States, a new study shows. Per square foot, real estate in Manhattan is the most expensive in the United States, with the average property in the borough eclipsing all other locals. Based on that metric, some city properties even top $10,000, according to a report published Thursday by real estate and data analytics firm NeighborhoodX..."
  • "Jacksonville industrial development would span 3 million square feet" - TheRealDeal.com"A Kansas City, Missouri-based company plans to buy 156 acres in Jacksonville to build three million square feet of industrial space. VanTrust Real Estate LLC expects to break ground next month and finish construction of the first building in September 2019. The company expects to build three million square feet in three to six buildings at a Jacksonville industrial park..."
  • "$1bn for empty space: the saga of the world's most valuable real estate" - TheGuardian.com"A billion dollars is a steep price to pay for a whole lot of nothing – even if the nothing in question happens to be a prime piece of open land with commanding views over the mansion-studded hills of Bel-Air and Los Angeles. Still, a billion dollars is what the owners of the 157 acres perched between Benedict and Franklin canyons say they want, and they are not in the mood for discounts. At least in theory, the listing – known variously as the Vineyard or the Mountain – is an invitation to the ultimate gazillionaire to build his or her palace of dreams above a city famously built on them..."
  • "Las Vegas median home prices ‘slowing down’ this summer" - ReviewJournal.com"After a stretch of roaring price hikes, Las Vegas’ housing market seems to be tapping the brakes. Price growth is cooling down, sales have slowed, and the industry’s biggest trade group in town is dialing back expectations that prices will reach their pre-recession peak this year. By all indications, Las Vegas is still a seller’s market and not undergoing a wrenching change, and prices continue to rise faster than the national average. But collectively, the shifts could give buyers some relief. Southern Nevada home prices have been rising at one of the fastest clips in the country this year amid low availability and strong demand. Things have been so heated that Fitch Ratings in June deemed Las Vegas the most overvalued market in the nation..."
How much of your (closed) business is generated from online leads? By offrs.com

How much of your (closed) business is generated from online leads? By offrs.com

For those agents interested in what 2018 is set to look like, here are some interesting poll results from a December Inman Special Report regarding online leads. Review and get some insight on how your peers and competition value online leads as a resource.

As seen on BiggerPockets.com...

 

In a December 2017 special report* published by Inman, it was revealed that online leads continue to drive business strategies in real estate as we roll into 2018 (with a significant portion of user reviews in this survey claiming that online leads played a role in at least 80% of their incoming sales). But just how much of this resulted in actual, closed business?

"What percentage of your closed business comes from online leads?"

While the largest group of respondents in this survey found that online leads had accounted for less than 5% of their closed business dealings, online leads nevertheless accounted for up to 20% to 49% of the closed business dealings for the second-largest group of respondents and 50% to 99% of closed business dealings for the next-largest group.

Gathering all of the participant feedback, the overall conclusion is that while a good portion of real estate professionals did not find that online leads played as important a role in their closed business dealings, those that did, expressed how greatly they were dependant on online leads for closed business at all.

Ultimately, however, those scampering for the top conversion results… those willing to adapt and adopt new and old “offline” lead conversion (nurturing) methodologies, seemed to benefit the most from the leads generated through online sources.

What’s the best source for seller leads? Well, have you tried offrs? If you’re looking to expand your business opportunities, then offrs.com is the solution you’ll want to review… Go to www.offrs.com to learn more about seller lead generation and what a managed online campaign with offrs could look like.

 

*Special Report includes Survey conducted by Inman (in association with offrs.com) between 11/10/17 and 11/1/17. Of the 409 survey respondents, 255 (62.35 percent) identified themselves as agents, 100 (24.45 percent) identified themselves as brokers, 11 (2.69 percent) identified themselves as coaches, and 43 (11 percent) identified themselves as “Other.” offrs collects and provides topical insights, statistics, reviews, humor and best practices gathered from real estate professionals and consumer homeowner industry peers. If you're a broker or agent interested in learning more about seller lead generation or automated marketing services and solutions, visit www.offrs.com or continue to browse our growing collection of industry articles at www.offrs.net.
 

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Statistics/Trends

Head's Up! Housing Inventory at All-time Low... Time to Put Those Tools in Place!

Head's Up! Housing Inventory at All-time Low... Time to Put Those Tools in Place!

Head's up, folks! According to a recent swarm of articles and reporting on the matter, it looks like we may be heading into a continued housing inventory shortage. It's time to put those lead gen and predictive analytics tools in place and buckle up for the bumpy road ahead...

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