EZPZ - Social Media Marketing Agency

EZPZ - Social Media Marketing Agency At EZPZSM, we simplify social media marketing for your business. We Post, You Prosper

💡 Do you know how much of an impact social media can have on your business?💡Here’s what I’ve seen:📊 Homeowners are searc...
11/15/2024

💡 Do you know how much of an impact social media can have on your business?💡

Here’s what I’ve seen:

📊 Homeowners are searching Facebook for local services more than ever before.

🏠 Real estate listings with social media marketing sell faster and for better prices.

🎯 Local businesses are using social media to build trust and attract more leads.

I’ve been digging into these trends, and it’s amazing how a few tweaks to your social media presence can bring in clients who are ready to work with you.

❓What’s the biggest challenge you face with social media? Let me know in the comments—I’d love to share tips to help!

10/07/2024

📊 **Survey Insights on Hurricane Helene's Impact** 🌪️

- **32% of U.S. residents aged 18-34** are reconsidering future moves due to Hurricane Helene. Only **15%** of those 35+ feel the same.
- **23% of respondents** expect **insurance premiums** to rise in their areas post-storm, with **32%** in the South anticipating increases.
- **13% believe** it will be harder to get insurance for homes in their regions.
- **45% of respondents** say the storm hasn't changed their housing perspective.

🔍 **Key Findings:**
- Young adults (18-34) are most impacted by the storm's damage.
- Many homeowners are already facing increased premiums or loss of coverage.

📅 Survey conducted by **Redfin** and **Ipsos** on Oct. 2-3, 2024, involving **1,005 U.S. adults**.

For full details, check the report by Redfin [here](https://www.redfin.com/news/hurricane-helene-impacting-relocation-survey/).

[Link to source](https://www.redfin.com/news/hurricane-helene-impacting-relocation-survey/)

10/04/2024

🚨 **Economic Update** 🚨

📅 The September jobs report came in stronger than expected:
- **Jobs Created**: 254,000 (vs. est. 150,000)
- **Unemployment Rate**: Down to **4.05%** from **4.22%**

🔍 Key Insights:
- Growth largely in hospitality (78,000), healthcare (45,000), and government (31,000).
- **Labor Market**: Still solid but shows signs of weakness overall.
- **Future Fed Decisions**: Talks now shift to **25 bps cuts each meeting vs. 25 bps every other meeting.**

📈 **Mortgage Rates**: Expected to increase significantly today. A stronger economy shifts the outlook on rate cuts.

📝 Upcoming Reports:
- Next jobs report on **November 1**.
- Inflation data on **October 10**.

🔮 **Economy Outlook**: Despite the cooling, recession risks appear low; Q4 GDP growth tracking at **2.5%**. Inflation concerns also remain muted.

Stay tuned for updates! 🔔

[Link to source](https://www.redfin.com/news/september-jobs-report-analysis/)

10/03/2024

🚀 **News Alert: New Sales Manager at Redfin!**

🏡 Vanessa Gamp has joined Redfin as the Sales Manager for the San Francisco, Marin, and Sonoma teams as of September 2024. She brings over 16 years of experience from her previous roles, including her work at Willowmar Real Estate and as President of the San Francisco Association of Realtors.

✨ **Career Highlights:**
- Formerly with Zephyr Real Estate and Corcoran.
- Active leader in the real estate community promoting diversity, equity, and inclusion.

💡 **Why Redfin?**
Vanessa has always embraced technology in real estate, having been a partner agent since 2012. She appreciates Redfin’s supportive structure for agents and its strong commitment to DEI initiatives.

📈 **Looking Ahead:**
Vanessa aims to educate the Realtor community about Redfin’s evolution and enhance personalized training for her team.

🔥 Interested in joining Redfin? They're seeking mission-driven agents and managers to grow their business!

🔗 Learn more: [Redfin Careers](https://careers.redfin.com/us/en)



[Link to source](https://www.redfin.com/news/why-i-joined-redfin-vanessa-gamp/)

10/03/2024

📊 **Housing Market Update** 🏡

- **Pending Home Sales**: Flat year-over-year for the first time since January, ending a streak of declines. 📈
- **Metro-Level Sales**: Increased in **27 out of 50 major U.S. metros**; notable rises in Phoenix (13%), San Jose (12%), and Portland (10%). 🔺
- **Demand Indicators**: Homebuyer tours and mortgage-rate locks show improvement with **mortgage rates dropping** to 6.08%—the lowest in 2 years. 💵
- **Mortgage Applications**: Over **double the mortgages locked in** compared to last month; purchase applications up 10%. 📄
- **Major Drop**: Median monthly mortgage payment down 5.9% to $2,529, close to January's low. 📉
- **Housing Supply**: Active listings at **1,010,788**, smallest increase since April; months of supply at **4.2** (balanced market). 📐
- **Best Markets**: Sharp increases in Newark (13.6%) and San Jose for sales prices; declines in parts of Florida (e.g. West Palm Beach down 17.7%). 📊

🔍 For more details on the market insights, visit [Redfin's Economists page](https://www.redfin.com/news/from-our-economists/).

Stay tuned for updates! 📲

[Link to source](https://www.redfin.com/news/housing-market-update-pending-home-sales-demand-improving/)

10/02/2024

📊 **Housing Affordability Poll: Renters' Perspectives**

- **48.4%** of U.S. renters believe **Kamala Harris** is best for making housing more affordable.
- **31.2%** support **Donald Trump** for the same issue.
- **18.7%** are unsure.

🔍 *Survey Details*: Conducted by Ipsos for Redfin in September 2024 with **1,802** participants aged **18-65** (focusing on **894 renters**).

🏠 Kamala Harris's plan includes building millions of new homes, while Trump aims to lower mortgage rates and remove housing barriers. However, experts suggest that solving the housing crisis requires cooperation between federal and local governments over time.

📈 Notably, renters (34.4% of U.S. households) are growing three times faster than homeowners.

🗳️ In the upcoming election, **43.6%** of renters plan to vote for Harris, and **28%** for Trump.

🔗 More on the debate: [Redfin News](https://www.redfin.com/news/renters-trump-harris-housing-affordability/)

[Link to source](https://www.redfin.com/news/renters-trump-harris-housing-affordability/)

10/01/2024

📊 **Real Estate Update**:

🔹 **54%** of U.S. apartments completed in Q1 rented within 3 months, up from **47%** last quarter.
🔹 Studio apartments rented faster (58%) compared to one-bedroom (53%) and two-bedroom (53%) units.
🔹 Increase in completions by **20%** for one and two-bedrooms slowed rentals.
🔹 Vacancy rate for buildings with 5+ units is **7.8%**, indicating supply exceeds demand slightly.

💡 This improvement could suggest that landlords are offering more affordable rents and concessions to attract renters as competition increases.

📉 Comparison to Last Year:
- **Studio**: 58% rented (up from 42%)
- **One-Bedroom**: 53% rented (down from 58%)
- **Two-Bedroom**: 53% rented (down from 58%)
- **Three+ Bedrooms**: 53% rented (down from 65%)

🔗 For detailed analysis, visit Redfin News.

[Link to source](https://www.redfin.com/news/new-rentals-absorption-q2/)

09/30/2024

📉 **U.S. Starter Home Affordability Update** 🏡

- **Earnings Needed**: Buyers must earn $77K/year to afford a typical starter home ($250K), a 0.4% drop from last year (first decline since 2020). 📊

- **Typical Household Income**: Currently at $84K, covering 9% more than necessary for a starter home. However, this is significantly less than pre-pandemic levels where households earned 57% more. 📉🏠

- **Price vs. Mortgage Rates**: Starter home prices up 4.2% YoY, but lower mortgage rates (average 6.5%) offset costs, leading to a decline in required income. ⚖️

- **Shifts in Affordability**:
- Four metros (all in TX or FL) shifted from "unaffordable" to "affordable."
- For example, West Palm Beach saw the median income requirement drop from 31% to 28%. 🇺🇸

- **Older Buyer Trends**: First-time homebuyers are generally older now, struggling with higher student debt and housing competition from downsizers. 📆

- **Housing Market Outlook**: Expect limited further improvement in starter-home affordability as mortgage rates stabilize and home prices tend to rise. 📈

- **Policy Insight**: Both sides of the political spectrum (Harris & Trump) are addressing housing affordability, potential insights expected by November. 🏛️

**Key Statistics**:
- 75.8% of starter home listings are affordable to median income earners.
- It costs the typical household 27.5% of income to buy the median priced starter home, down from 29.1% last year.

Stay tuned for more updates on the housing market! 📰

[Link to source](https://www.redfin.com/news/income-needed-to-afford-starter-home-declines/)

09/30/2024

📉🏠 **Housing Market Update** 🏠📉

📅 **2024 Overview (Jan-Aug)**:
- **Only 2.5%** of U.S. homes changed hands this year, the **lowest turnover rate** in decades.
- Home sales & listings down **30%** from 2019 levels.

🌅 **Top Insights**:
- **California metros** have the **lowest turnover** rates.
- **Sun Belt** & New York commuter metros show the **highest turnover** rates.
- In **Phoenix**, 37.7 homes per 1,000 sold, leading among major metros.

💰 **Reasons for Low Turnover**:
- **High mortgage rates**: Over 75% of homeowners locked in rates under 5%; many are hesitant to sell at current higher rates.
- **Rising home prices**: Highest recorded prices this year, with low supply.
- **Economic uncertainty**: Buyers/sellers are cautious amid recession talks and an upcoming intense presidential election.

📊 **Listing Stats**:
- **32 homes per 1,000** were listed for sale, a **30% drop** from pre-pandemic levels.

🗺️ **Metro Highlights**:
- **Lowest Turnovers**: Los Angeles (15.2), Boston (15.6), San Francisco (16.6).
- **Highest Turnovers**: Phoenix (37.7), Newark (36.7), Nashville (36.4).

🔍 Overall, all metro areas saw at least a **10% drop** in turnover from 2019. The market is bracing for continuing changes amid these dynamics.

🔗 For more details, visit Redfin's full report!

[Link to source](https://www.redfin.com/news/home-sales-turnover-2024/)

09/26/2024

**📉 Mortgage Rate Update**

🚨 Mortgage rates have dropped from 7% to 6.1% this summer as the market anticipated the Fed’s interest rate cut on September 18.

💡 Now, with more cuts expected, rates could dip slightly further into the high-5% range, but they likely won’t decrease significantly beyond that.

🔍 Key Points:
- Mortgage rates react to Fed actions but typically move earlier.
- Rate changes will be less than Fed cuts due to market pricing already reflecting some decreases.
- Current predictions suggest rates could fall to 5.7% - 6.0% if no recession occurs.

📊 Factors Influencing Rates:
- **Yield Curve:** Long-term treasury yields vs. Fed Funds rate can indicate economic expectations.
- **Mortgage Spread:** Higher mortgage rates than treasury yields account for borrower risk, which has shown some decrease post-2022.

🔮 Predictions say as the Fed cuts rates, mortgage rates will decrease, but the drop will be modest compared to the Fed's moves.

Stay informed! 🏡✨

[Link to source](https://www.redfin.com/news/fed-rate-cutes-mortgages/)

09/26/2024

📉 **Apartment Rent News** 📉

- The average asking rent for new apartments fell to **$1,746** in Q2 2024, a **6.2% decrease** from last year.
- **One-bedroom apartments** saw the largest decline, dropping **9%** to **$1,566**.
- Increased construction led to the **highest number of new apartment completions** in over a decade, up **18.7%** compared to a year ago.

🔍 **Key Insights**:
- This marks the **second consecutive quarter** of annual rent declines, with rents at their lowest since 2022.
- Rent drops are attributed to a surge in new constructions, with owners competing for tenants, offering lower rents and incentives.
- Notably, in **Austin**, rents fell **17.6%** year-over-year, showcasing the impact of rising supply against steady demand.

🏢 **Rents Breakdown**:
- **Two-bedroom apartments**: ↓4.5% to $1,934
- **Three+ bedroom apartments**: ↓3% to $2,309
- **Studio apartments**: Slight increase of **0.9%** to $1,617

📢 **Outlook**: Continued downward pressure on rents is expected due to ongoing construction.

Stay informed for more updates! 📅

[Link to source](https://www.redfin.com/news/new-construction-rents-q2/)

09/26/2024

🚨 **Housing Market Update** 🚨

📈 Mortgage-rate locks skyrocketed by **68%** since the Fed's recent interest-rate cut!

🏡 Redfin’s Homebuyer Demand Index reached its highest point since May, signaling a resurgence in homebuyer activity. Many prospective buyers were waiting for the Fed's cut to lock in better mortgage rates.

🔼 Key Highlights:
- Homebuyers locked in nearly **70% more mortgages** a week after the Fed's rate cut.
- Mortgage-purchase applications increased by **10%** month-over-month.
- The median monthly housing payment has dropped by **4.4%** year-over-year—its biggest decline in over four years.

💡 The decline in mortgage rates and improved affordability has led to a boost in new listings, up **7.6%** from last year.

📅 As demand continues to rise, expect an uptick in home sales in the coming weeks!

For more insights, check out Redfin’s full analysis.

[Link to source](https://www.redfin.com/news/housing-market-update-homebuyers-are-back-mortgage-rate-locks/)

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