Real Estate Video TIps

NAR: 6 Percent Bump in Memberships, With Diverse Entrants

Membership in the National Association of REALTORS® (NAR)—which, for agents and brokers, denotes higher standards than what is required by their respective states—has increased in the last year, from 1.22 million to 1.3 million, according to the 2018 NAR Member Profile. Entrants to the industry prompted the rise, with 29 percent of members having less […]

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Don’t Know Your Mortgage Rate? You Could Be Costing Yourself Thousands

(TNS)—Not knowing your mortgage rate can be an expensive mistake, especially in this rising interest rate market. Yet nearly three in 10 mortgage holders (29 percent) either didn’t know their mortgage rate or wouldn’t say, according to a survey by Bankrate. This is a big problem, says Martin Choy, operations manager at Westwood Mortgage in […]

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Flipping the Model to Put Agents on Top: Realty Group Inc.

(L to R) Long Doan, Broker/CEO, and Mike Bernier, President/Co-owner, Realty Group Inc. For Long Doan, broker and CEO of Minnesota’s fast-growing Realty Group Inc., success is measured by the achievement of his partner-agents. “Every one of our agents is the CEO of their own business,” he says. “They don’t work for me. I work […]

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Builder Confidence Healthy in July

Builder confidence is healthy, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The Index reading is 68; an above-50 reading indicates more builders have a positive outlook than a negative one. “Consumer demand for single-family homes is holding strong this summer, buoyed by steady job growth, income gains […]

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Supporting Agents on Their Quest to Build Successful Careers

In the following interview, Mark Pessin, former managing broker and now vice president of Learning at Realty ONE Group in Carlsbad, Calif., discusses agent development, including mentoring, recruiting and training. Region Served: Laguna Niguel, Calif. Years in Real Estate: 20 Number of Offices: 1 Number of Agents: 120 What’s your first goal as you transition […]

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Down, but Not Out: Buyers See Some Success

Against discouragingly inadequate inventory and high prices, buyers are finding a way, according to a new survey. Fifty-one percent of homebuyers did not pay above asking price, despite concerns over multiple-offer scenarios, 42 percent made one or two offers, at most, and 34 percent were “unfazed” by the increases in prices and rates, according to […]

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Housing Starts: Ground-Breaking in June Plummets

Home-building in June sharply slid, with overall starts toppling 12.3 percent, and single-family starts tumbling 9.1 percent, according to the Commerce Department. Housing starts totaled 1.17 million, with 304,000 multifamily (five or units or more) starts and 858,000 single-family starts. Additionally, approvals for builds fell 2.2 percent to 1.27 million permits; however, approvals for single-family […]

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The Biggest Homeownership Hurdles for Millennials

Millennials should be making a sizable stamp in homeownership, but they have been largely absent from the housing space. Why is it that the largest generation in U.S. history isn’t participating in real estate as heavily as its predecessors? There are many difficulties standing in their way, according to new research. A recent report by […]

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.realtor™ + .realestate: For Your Agents and Everything They Do

NAR PULSE—When your agents do well, your brokerage does well. On September 18, NAR will be launching .realestate, a new unrestricted top-level domain to support everything you and your company does. From Beachfrontproperty.realestate to Luxuryseattle.realestate, the possibilities are endless. Be first in line to swoop up .realestate domains for the neighborhoods and areas of expertise […]

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First-Timers: Better Chances in Colorado and Texas

The housing market today is unprecedented, and buyers are contending with cost pressures and short supply—but, according to a recent report by WalletHub, there are cities where conditions are more favorable for first-time homeowners: Broken Arrow, Okla. Tampa, Fla. Centennial, Colo. Boise, Idaho Grand Rapids, Mich. Thornton, Colo. Frisco, Texas McKinney, Texas Cary, N.C. Gilbert, […]

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