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We have nearly 900 agents from coast-to-coast in the USA, including Alaska, as well as Portugal and Greece.

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A few short years ago, it would have been impossible to imagine the world we live and work in today, and what you think you know about building a real estate business and developing a real estate team has changed.

With over 61 combined years of experience in our field, our team has expanded from Michigan to across the world. We are helping our agents each and every week. From our mentoring, to our weekly Team Connect & Master Mind with our entire group, to coaching our Growth Leaders in expanding their own teams,

our mission is to make our agents successful in every way.

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We have private weekly meetings for our full organization and our growth leaders, complete with powerful guest speakers and dynamic training events designed to help you succeed.

As Tim Ferriss says in The 4-Hour Work Week,

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they’re making you weaker.”

We are very blessed with such a prosperous career in Real Estate and as shareholders in a company focused on global expansion.

With decades of experience in Real Estate, Lou has been involved with many housing development projects, and was the Michigan Realtor of the Year award in 2002, and also the first recipient of eXp Realty’s Ethics in Action Award in 2020.

Deb’s journey has continued building the business to 98% referral and past client, and she is a 5-time ICON Award recipient at eXp Realty, and an instructor for eXp University and also a Certified Mentor to new agents.

We have consistently ranked in the top income earning bracket for Realtors and our combined experience spans over 60 years!

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– KB, Canto

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“Deb is incredibly knowledgeable of the market. Her experience and organization put us at ease during the entire process. Her exceptional integrity and skill were on full display throughout the negotiation. I definitely appreciated the detailed verification and recommendation of all offers made. Her team is also a reflection of the high standards she sets for herself and others. I highly recommend her to anyone wishing to buy or sell, especially in this volatile market.”

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“We first used the Ronayne Team in 2005 and have used them for every real estate transaction since. Lou and Deb know the local real estate market well. They are honest, hard working and their follow through is second-to-none. Listing our home was like being on auto pilot. The Ronayne team knows exactly what to do and exactly when to do it. They remained in constant communication and made a complex process easy for us. Multiple offers “above listing price” after one weekend on the market was an added bonus, too! If you are looking to buy/sell a home, the Ronayne Team is a wise choice. I highly recommend them.”

– AP, Northville, MI

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Our Blog

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A Key Opportunity for Homebuyers

October 30, 20233 min read

There’s no denying the housing market has delivered a fair share of challenges to homebuyers over the past two years. Two of the biggest hurdles homebuyers faced during the pandemic were the limited number of homes for sale and the intensity and frequency of bidding wars. But those two things have reached a turning point.

As you may have already heard, the number of homes for sale has increased this year, and even more so this spring. As Danielle Hale, Chief Economist for realtor.com, explains:

“New listings–a measure of sellers putting homes up for sale–were up 6% above one year ago. Home sellers in many markets across the country continue to benefit from rising home prices and fast-selling homes. That’s prompted a growing number of homeowners to sell homes this year compared to last, giving home shoppers much needed options.”

This is encouraging news. More homes coming onto the market give you a greater chance of finding one that checks all your boxes.

Buyer Competition Moderating Helps Inventory Grow Even More

Mark Fleming, Chief Economist at First American, says inventory growth is happening not just because there’s an increase in the number of listings coming onto the market, but also because buyer demand has moderated some in light of higher mortgage rates and other economic factors:

“There has been a pickup in the inventory that we’ve seen recently, but it’s not from a big increase in new listings . . . but rather a slowdown in the pace of sales. And remember that months’ supply measures the inventory of sale relative to the pace of sales. Same inventory, fewer sales, means more months’ supply.”

Basically, the market is shifting away from the frenzy of buyer competition seen during the pandemic, and that’s helping available inventory grow. In their latest forecast, realtor.com also mentions the moderation of demand as a key factor and projects the inventory growth should continue:

“As rising inflation and mortgage rates bring U.S. housing demand back from the 2021 frenzy, . . . inventory will grow double-digits over 2021 and offer buyers a better-than-expected chance to find a home.”

How This Impacts You

The combination of more homes coming onto the market and a slower pace of home sales means you’ll have more options to choose from as you search for your next home. That’s great news if you’ve been searching for a while with little to no luck. Just remember, there isn’t a sudden surplus of inventory, just more homes to choose from than even a few months ago. So, you’ll still want to be decisive and move fast when you find the right home for you.

And when you do, you may be faced with less competition from other buyers too. If you’ve been waiting to jump into the market because the intensity of the bidding wars was intimidating or if you’ve been outbid on several homes, this moderation could help make the homebuying process a bit smoother. It’s not that it’ll be easy or that bidding wars are a thing of the past – that’s not the case. But it won’t feel nearly as impossible.

Bottom Line

As the housing market begins its shift back toward pre-pandemic levels, you could have a unique opportunity in front of you. With moderating levels of buyer competition and more homes actively for sale, your home search may have gotten a bit less challenging. Let’s connect to begin the process today.

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.

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