Michael Devlin Group

Hey everyone! ?? Are you ready to crush it in 2025? We're hosting a Business Planning Clinic just for you, real estate pros! Join us for Part One on Tuesday, where we'll dive into **Goal Setting**. It’s all about dreaming big and getting crystal clear on your vision for 2025. This session is designed to help you identify those crucial milestones that'll pave your path to success. ?? Mark your calendars and get ready to transform your dreams into reality. ??? Date: Tuesday ?? Zoom Registration: https://lnkd.in/guyKwvhJ Let’s make things happen, together! ?? #RealEstateSuccess #GoalSetting #BusinessPlanning #Vision2025 #DreamBig

?? Ready to kickstart your 2025 with clear goals and a solid action plan? I'm excited to invite you to a two-part Business Planning Clinic next week, where we'll explore strategies to make the upcoming year your best yet! Join me on Zoom next Tuesday and Thursday from 12:30 - 1:30 PM. ?? **Class Schedule:** - **Tuesday: Goal Setting** – Define your vision for 2025 and identify the milestones that will guide your success. - **Thursday: Strategic Planning** – Develop a practical, actionable plan that aligns with your goals and maximizes opportunities in the new year. Both sessions are highly recommended for a comprehensive approach to your business growth. Don't miss out! Please register for each class via the links below: ?? Zoom Registration Link for Tuesday: https://lnkd.in/gA6pt6qn ?? Zoom Registration Link for Thursday: https://lnkd.in/gUGQbf6N Let’s build a successful 2025 together! ?? #BusinessSuccess #2025Goals #StrategicPlanning #EntrepreneurJourney #FutureVision

**2025 Business Planning Clinic: Join Us for Goal Setting & Planning!** Hey, everyone! Can you believe we're already talking about 2025? Time flies, and it's time to get excited about crafting a bright future for our business. If you're eager to set clear goals and solidify your plans for the upcoming year, I've got just the thing for you—a two-part Business Planning Clinic happening next week. It'll be a golden opportunity to lay down some serious groundwork to make 2025 our best year yet! Here’s what you need to know: **When and Where?** Join me on Zoom next Tuesday and Thursday from 12:30 to 1:30 PM. Grab your lunch, settle in, and let's dive into some strategic magic! **What’s on the Agenda?** - **Tuesday: Goal Setting** – We'll kick things off by dreaming big and getting crystal clear on our vision for 2025. This session will help you pinpoint the milestones that are essential for your journey to success. - **Thursday: Strategic Planning** – This is where the rubber meets the road. We'll be piecing together a practical, actionable plan to bring your goals to life and seize all the opportunities that 2025 has to offer. Both sessions are packed with insights and tools designed to give you a well-rounded approach to business growth. Don't miss out—register for each class via the links below: Zoom Registration Link for Tuesday: https://lnkd.in/gA6pt6qn Zoom Registration Link for Thursday: https://lnkd.in/gUGQbf6N Let’s roll up our sleeves and build a successful 2025 together! ?? #BusinessPlanning #GoalSetting2025 #StrategicGoals #SuccessMindset #PlanForSuccess

https://lnkd.in/g8bFYc-V

**California Sets a 3-Month Limit on Buyer Agent Agreements** Hello, California homeowners and future homeowners! We have some exciting news regarding the California real estate market that will definitely impact how agents and buyers do business. On September 24th, Governor Gavin Newsom signed Assembly Bill 2992 into law, setting a three-month cap on buyer-agent agreements. This new regulation is set to take effect on January 1, 2025, bringing a breath of fresh air to real estate transactions across the state. ### What You Need to Know: Previously, there were no specific guidelines in California regarding the length of buyer-agent agreements. This new legislation emerged following a substantial $418 million settlement between the National Association of Realtors (NAR) and home sellers involved in a major class action lawsuit over buyer commissions. **Key Details**: - **Three-Month Limit**: Buyer-agent agreements will now have a maximum duration of three months. - **No Automatic Renewal**: Once the three-month period ends, the agreement can only be extended through a new written agreement signed by all parties. ### A Win for Homebuyers and Agents: This new law offers homebuyers the flexibility to "try out" different agents, ensuring they find the perfect fit before committing to a long-term contract. This approach acknowledges the personal and often intricate relationship between buyers and agents, giving buyers peace of mind and promoting trust. "In this way, the bill recognizes the often personal aspect of a relationship between a potential buyer and agent and the need to allow a potential buyer to find the 'right fit' before being obligated to enter into a contract with that agent," stated CalMatters in their analysis. ### Industry Support and Transparency: The new law has garnered support from significant industry players, including the California Association of Realtors (C.A.R.) and Zillow. For those brokers using the Multiple Listing Service (MLS), you'll still need a signed agreement before touring a property, said Brian Manson, general counsel at C.A.R. This allows for transparency and ensures all interactions are formalized, enhancing trust in the process. "It also firms up the timing in the event there is no showing," Manson noted, emphasizing the clarity the new law brings to real estate transactions. As we move toward 2025, expect these changes to create a more transparent, flexible, and robust process for everyone involved in the Californian real estate market. #CaliforniaRealEstate #Homebuyers #BuyerAgentAgreement #RealEstateNews #NewLaws Feel free to send this post to your Kindle or share it with friends and family who might find this information helpful. Happy home hunting!

Hello friends! We have some exciting news from the good folks at the CALIFORNIA ASSOCIATION OF REALTORS? (C.A.R.)! ?? Today, they've released their much-anticipated **2025 California Housing Market Forecast**. The outlook is filled with promising trends that should capture the attention of buyers, sellers, and real estate enthusiasts alike. One of the highlights is that home sales are set to increase significantly. For 2025, existing single-family home sales are forecasted to hit 304,400 units, which represents a whopping 10.5% increase from the projected 275,400 units in 2024. This positive trend follows a projected 6.8% uptick from the 257,900 homes sold in 2023. It looks like California’s housing market is set to thrive as we move forward! Another piece of promising news is the climb in median home prices. We're expecting a 4.6% increase in 2025, reaching an estimated $909,400. This follows a projected 6.8% rise in 2024, taking the median price to $869,500, up from $814,000 in 2023. Persistent housing shortages and a competitive market continue to drive these price increases. C.A.R. President Melanie Barker had some heartening insights, stating, “An increase in homes for sale, along with lower borrowing costs, is expected to entice more buyers and sellers to enter the market in 2025. Demand will grow as we start the year with the lowest interest rates in more than two years, particularly for first-time buyers.” The forecast also paints an interesting overall economic picture. While the U.S. gross domestic product is expected to slip slightly to 1.1% in 2025, inflation is set to moderate, with the CPI dropping to an average of 2.0%. This will help bring the average 30-year fixed mortgage interest rate down to 5.9% in 2025 from 6.6% in 2024. Though still higher than pre-pandemic levels, these rates are well below the long-term average of nearly 8%. Housing supply conditions will also improve. While we won’t see a flood of new listings, the market will benefit from a moderate increase. The “lock-in effect” – where existing homeowners are hesitant to move due to high mortgage rates – will ease, providing more inventory. C.A.R. Senior Vice President and Chief Economist Jordan Levine added, “Although inventory is expected to loosen as rates ease, demand will also increase, pushing home prices higher next year. Assuming a healthy economy in 2025, home prices should rise modestly across California, with the state's median price climbing 4.6 percent to reach $909,400 in 2025.” To wrap things up, it looks like 2025 will shape up to be a very exciting year for the California housing market. So, whether you're planning to buy, sell, or simply keeping an eye on market trends, there's a lot to look forward to! Stay tuned, folks, the California dream keeps getting better! ???? #CaliforniaRealEstate #HousingMarket #HomeBuyers #RealEstate2025 #CARMortgageRates

Hey everyone! I just registered for eXpcon Miami! ?? Super excited to dive into all the events, network with cool people, and soak up that Miami sunshine. ?? Are you joining me there? Check out the details and let's make it a blast together! https://bit.ly/3XRQWkY #eXpconMiami #NetworkingEvent #MiamiVibes #RealEstateLife #SeeYouThere

?? Attention California Homebuyers: Increased Buying Power is Here! ?? If you've been holding off on buying a home due to high mortgage rates, now might be the time to act. Rates have dropped to their lowest levels in over a year, and buyers in California are seeing some major benefits! In October 2023, mortgage rates peaked at 7.79%, but as of last week, they've fallen to 6.2%. This is great news for buyers across the country, but especially in high-priced California markets like San Jose, Los Angeles, and San Diego. For example, in San Jose, you can now afford a home priced $240,600 more for the same monthly payment compared to last year. That means a budget for a $1.4M home in October 2023 could get you into a $1.6M home today with a similar payment! The savings are significant across California’s major metros, including: ?? Los Angeles-Long Beach-Anaheim – An increase in buying power of $201,900 ?? San Francisco-Oakland-Berkeley – An increase of $191,300 ?? San Diego-Chula Vista-Carlsbad – A boost of $174,100 And the good news doesn't stop there! Experts expect mortgage rates to keep falling through the rest of 2024 and into 2025. If rates drop to 5.5%, homebuyers in San Jose could see an additional $110,000 in buying power! If you've been waiting for the right time to buy, it's here. Don't miss out on this incredible opportunity to secure your dream home with a more affordable payment. ?? Let’s talk about how this change in mortgage rates can impact your home search in Silicon Valley or across California. Reach out today for more information or to start exploring homes. ?? #CaliforniaRealEstate #SanJoseHomes #MortgageRates #LosAngelesRealEstate #SanDiegoLiving #BuyersMarket #Homebuyers #MortgageNews #EXPRealty

Hey everyone! Big news just dropped regarding Keller Williams and their profit-sharing saga! ?? If you've been following the real estate grapevine, you know that former KW agents have been locking horns with the company over changes Keller Williams wanted to make to their profit-sharing program. Well, it looks like we finally have some resolution. To give you the lowdown: Former KW agents were up in arms about the company's abandoned plans to cut profit sharing for those who left before April 2020. Tons of ex-agents filed lawsuits recently, trying to stop KW from slashing their profit share retroactively, which could have been a real blow to their pockets. These lawsuits were kinda like a domino effect, each case challenging the company's profit share revisions. They were also looking to block KW from dishing out profit shares until everything got sorted out in court. Fast forward to Friday, and there’s some light at the end of the tunnel! Attorneys for James McFarlane, an ex-KW agent who kicked off one of these suits, told the United States District Court of Maine that they’ve reached a deal with Keller Williams. This means settlements should be finalized in the next 30 days. Woohoo, progress! James McFarlane, who was with KW from 2004 to 2018, wasn’t alone. Several other agents and brokers filed similar suits, and now it sounds like most of these are being resolved as well. Keller Williams’ spokesperson, Darryl Frost, confirmed they’re settling with most of the plaintiffs represented by the law firm Humphrey, Farrington & McClain. Here’s a list of some of the former agents involved in the lawsuits: - Jerri Moulder - Michael Devlin - I'm proud to be on this list! - Eric Mendoza - Jana and Dennis Caudill - Penny Alper - Paul Davis - Edward Fordyce - Kevin Ortiz - Robert Hill These cases have been settled amicably, resolving a lot of the tension that’s been brewing. KW initially started changing its profit share policies in 2020, stating that anyone who joined after April 1, 2020, and then jumped ship wouldn't get any profit shares. In 2023, KW tried to make this retroactive, which led to all the courtroom drama. But, after facing the backlash, KW decided to go back to the drawing board. They scrapped the retroactive changes and reverted to their old policy. So, agents who joined before April 1, 2020, can still get their full profit share even if they leave KW for a competitor. However, vested agents, those who've been with KW for seven years or more, shouldn’t worry—if they aren’t actively competing with KW, they’re still in the clear to get their share. That’s the scoop, folks! It’s a big win for the former agents, and it’s nice to see these disputes being resolved. Here’s to more positive moves in the real estate world. #KellerWilliams #RealEstateNews #ProfitSharing #LawsuitSettlement #RealEstateAgents Cheers! ??????

Hey everyone! ?? Exciting news for anyone thinking about buying a home—interest rates are dropping! That means it's going to be more affordable to snag that dream house you've been eyeing. Lower rates typically mean lower monthly payments, so there’s no better time to dive into the real estate market. Get ready for more home sales and maybe even a few bidding wars. ???? #RealEstateBuzz #HomeSweetHome #LowerRates