The TRES Group

?? Great news on the housing market! In October, sales of existing homes saw a 3% year-over-year increase—the first annual rise in over three years! ?? Additionally, inventories are up 19% compared to last year, signaling a gradual improvement in housing supply. On the mortgage front, refinance applications surged 2% higher than last week, reflecting increased activity as buyers and homeowners navigate the current market. A brighter outlook is on the horizon for real estate professionals and homeowners alike. Let’s keep moving forward! ?? #RealEstateUpdate #HousingMarket #LoanOfficer?

?? Our latest blog, The Ultimate Homebuying Checklist, is the ultimate guide for anyone looking to buy a home. Whether you're a first-time buyer or seasoned pro, this checklist will ensure you're ready for every step. Read more here ?? https://lnkd.in/dhKv8qjz

The first step to improving your social media strategy is understanding the unique strengths of each platform. You can share similar content across platforms—just not in the same way! ?? Here’s how to maximize each channel: Instagram: Highlight stunning properties, share listings, and give a peek behind the scenes ??. Facebook: Post listing ads and engage with your local community! ?? TikTok: Let your personality shine! Show snippets of your day-to-day life ??. LinkedIn: Focus on networking and connecting with industry colleagues ??. At The Tres Group, we know that optimizing your approach for each platform can make all the difference. Start tailoring your content today and watch your online presence grow! #SocialMedia #RealEstate #Realtor #MarketingTips

?? Mortgage rates hit their highest levels since July! Last week’s economic data continues to impact the market. Inflation remains above the Fed’s 2% target, with shelter costs driving a 4.9% increase over the past year. Meanwhile, consumer spending surprised with a 0.4% jump last month, keeping inflationary pressures alive. What’s next? Key housing reports like Housing Starts (Tuesday) and Existing Home Sales (Thursday) could shape the market's direction. #RealEstateUpdate #FloridaRealEstate #MortgageBroker

?? Looking ahead, here are 4 real estate predictions for next year: 1. Home prices are likely to increase at a slower pace, with an expected growth of around 3%. 2. With the Fed confirming rate cuts, mortgage rates should drop at the beginning of 2025, rather than at the end of this year. 3. Since market conditions are expected to improve, so will housing inventory. A lot of owners are afraid to sell in the current situation, but starting next year we should see more “For Sale” signs ?? 4. ???? Despite the aging Baby Boomer population, they're not ready to sell yet, so we may have to wait before seeing a wave of new listings from this group. ? At The TRES Group, we’re here to guide you through the evolving market and into 2025 with confidence and expertise. #MarketUpdate #FloridaRealEstate #RealEstateMarket

Election results have fueled volatility in mortgage rates ????, with mid-week peaks settling slightly lower by week's end. Investors are adjusting for economic shifts under the new administration, expecting tax cuts, increased spending, and possible tariffs ??, which could raise inflation and mortgage rates ??. The Fed’s recent 25-basis-point rate cut ??, now at 4.50%-4.75%, reflects easing inflation and softer employment—signaling a potential further cut in December. Notably, the ISM services report showed resilience in consumer demand, with an unexpected index rise to 56.0 ??. All eyes are on next week’s CPI, PPI, and Retail Sales reports for deeper insights into U.S. economic health ??. #MarketInsight #MortgageIndustry #RealEstateNews

?? Our latest blog, The Ultimate Homebuying Checklist, is the ultimate guide for anyone looking to buy a home. Whether you're a first-time buyer or seasoned pro, this checklist will ensure you're ready for every step. Read more here ?? https://lnkd.in/e5PwYXq5

We’re going back to school! ?? ?? Here are #RealEstate terms that every rookie agent should keep in mind when starting in this business: Escrow: A neutral third party, like Title Brothers, holds funds until the transaction is ready to be completed ??. Amortization: The process of paying a loan over time. Contingency: A condition that must be met before the deal moves forward. Earnest Money: The money a buyer deposits to show they’re serious about the transaction, which is held in Escrow ??. Comparative Market Analysis (CMA): Comparing a property to the ones like it, to determine its value ??. Closing Costs: Fees and expenses that are paid during a transaction’s closing. Appraisal: A professional assessment of the property that allows lender determine how much credit they’ll offer the borrower ??. At The Tres Group, we believe that understanding these terms is essential for success in real estate. Our team is here to provide guidance and support to help you navigate your journey in this industry. If you have any questions or need assistance, don’t hesitate to reach out! #RealEstateAgent #FloridaRealEstate #RealEstateTips

This week, mortgage markets experienced notable fluctuations but ended slightly higher ??. Revisions cut prior gains by 112,000, with the unemployment rate steady at 4.1% and wage growth at 4.0% annually ??. The ISM manufacturing index fell to 46.5, indicating sector slowdown ??, while the core PCE inflation gauge rose by 0.3%, with a 2.7% annual increase. Q3 GDP growth was 2.8%, slightly below expectations, fueled by consumer and government spending ??. Looking ahead, election outcomes and the upcoming Fed meeting could influence markets, with investors anticipating a 25-basis point rate cut and insights on future policies ??. #MortgageMarket #Economy #Inflation

As a #RealEstateAgent, mastering these hard skills can make your business thrive: 1. Cash Flow Management ?? Understanding and managing cash flow ensures you can weather the ups and downs of commission-based income while investing in opportunities to grow your business. 2. Market Literacy ?? Staying on top of local market trends and economic shifts allows you to give clients the best advice on when to buy, sell, and how to price properties competitively. 3. System Development ?? Creating efficient systems for client communication, property management, and marketing can streamline your workflow and boost productivity—leading to smoother transactions and happier clients. Mastering these skills means more than just closing deals; it’s about building a sustainable and scalable real estate career. ???? #HardSkills #Realtor #Florida