Is the Housing Market Normalizing? One Sign the Tide’s Turning
With demand strong and supply weak, the housing market is overwhelmingly partial to sellers. The average homeowner is profiting $40,000 at resale (with decade-high returns in 2017), and higher in the hottest markets, where they’re attracting multiple offers in record time. Now, there’s an early indicator that the market may shift. At the start of […]
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3 for 3 Listings: What Makes This REALTOR® Hit Home Runs
NAR PULSE—Cash flow analysis, demographics, economic indicators and in-depth property details make up these can’t-do-without Realtors Property Resource® (RPR®) Commercial tools. Learn more. Stay Safe and Earn Big With MVP Register for NAR’s REALTOR® Safety Month webinar, A Day in the Life: Habits to Keep You Safe on the Job, on September 12 at 1:00 […]
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Disruptor Roundup: Divvy Takes on Rent-to-Own
Editor’s Note: The Disruptor Roundup analyzes companies implementing unconventional models. Divvy This tech-powered, rent-to-own platform was launched at the end of 2017, and provides consumers with the ability to transition from renting to homeownership with a three-year program that amasses a down payment within its required monthly payments. Currently available in Atlanta, Cleveland and Memphis, […]
Building a Real Estate Family That Celebrates History and Community Involvement
In the following interview, John Finn, managing broker of United Real Estate Richmond in Richmond, Va., discusses the background of the brokerage, its commitment to the community, and more. Region Served: Richmond, Va. Years in Real Estate: 40+ Number of Offices: 1 (our second office is opening this month) Number of Agents: 150+ Proudest Achievement: […]
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HUD Alleges Facebook Fair Housing Violations
In a formal complaint filed on Friday, the U.S. Department of Housing and Urban Development (HUD) accused Facebook of allowing landlords and homeowners to use targeted Facebook ads to discriminate against potential tenants and buyers based on race, color, religion, familial status, sex, national origin and disability. HUD alleged Facebook’s “targeted advertising” limits housing options […]
Charitable Giving: Why and How REALTORS® Give Back
Community is at the heart of real estate. This month’s National Association of REALTORS® (NAR) Power Broker Roundtable discusses their efforts to give. Moderator Christina Pappas, District Sales Manager, The Keyes Company, Miami, Fla.; Liaison for Large Firms & Industry Relations, NAR Panelists Jim D’Amico, Broker/Owner, CENTURY 21 NS Group/North Shore, Boston, Mass. Drayton […]
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Buyers Lured to Midwest: Realtor.com
Buyers are eyeing the Midwest, where, compared to the coasts, there are more practical prices, according to the latest ranking by realtor.com®. July’s hottest housing markets, based on days on market and online views, were: 1. Midland, Texas Age of Inventory (Median): 29 days 2. Fort Wayne, Ind. Age of Inventory (Median): 34 days 3. […]
Driving Down Car Costs Just Got Easier for REALTORS®
Given how many miles most real estate professionals drive, the cost of purchasing and maintaining a vehicle adds up quickly. Fortunately, members of the National Association of REALTORS® (NAR) can enjoy a valuable benefit when purchasing or leasing one of the many eligible vehicles from FCA US LLC (Fiat Chrysler Automobiles), NAR’s official automobile manufacturer […]
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Matthew Watercutter: Local Expertise Fuels Expansion
Vitals: HER REALTORS® Years in Business: 62 Size: 81 offices, 1,250 associates Region Served: Ohio 2017 Sales Volume: $2.5 billion 2017 Transactions: 12,681 No. 76 in sales volume in RISMedia’s 2018 Power Broker Report www.herrealtors.com With 81 offices and 1,250 associates, HER REALTORS® deftly serves Central, West Central and Southwestern Ohio. Matthew Watercutter, the firm’s […]
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NAHB: Affordability Hits Lowest in 10 Years
Affordability has hit its lowest in 10 years, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunities Index (HOI) for the second quarter of 2018. Approximately 57 percent of homes sold in the second quarter were affordable based on income (the median, nationally, is $71,900), down from roughly 62 percent in the […]