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Why Your SOI is Important in Real Estate
Introduction Your sphere of influence is the group of people who can help you achieve your goals. It’s a term that’s used in real estate to describe the people who can get you pre-approved for a mortgage, connect you with potential clients and even refer them to other agents. The best way to stay connected […]
What is GCI in Real Estate?
Introduction GCI is an acronym for Gross Commission Income. It’s a measure of what a real estate agent or brokerage firm earns in commissions. This number tells you how much revenue you’re generating, but it doesn’t tell the whole story. You’ll also want to consider your conversion rate and average commission check size—both of which […]
Mortgage Loan Comparison for Homebuyers
Introduction Choosing the right mortgage is a challenging task. There are many things to consider, including your credit score, income and debt-to-income ratio. You also need to understand how different types of mortgages work and which type will be best for you. In this article, we’ll go over some common types of mortgage loans used […]
Real Estate Trends for 2023
Introduction Housing trends are one of the most important factors that impact real estate market performance. It’s no secret that when the housing market is hot, people want to buy homes and rent them out. Likewise, if home prices are dropping or interest rates are rising, people aren’t going to invest in rental properties because […]
New York City Rent Outpacing Wages
Introduction New York City rents are rising faster than wages, according to a new report by the Citizens Budget Commission (CBC). Between 2010 and 2017, rents increased by 15 percent citywide while incomes only rose two percent annually on average. The disparity between wage growth and rent growth is largely responsible for what’s known as […]
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