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 […]
Building Claws Higher in July
Building clawed 0.9 percent higher in July, but still underwhelmed year-over-year, according to the Commerce Department. Combined, housing starts totaled 1.17 million, with 303,000 multifamily (five units or more) starts and 862,000 single-family starts. On an annual basis, starts tumbled 1.4 percent. Approvals for builds, encouragingly, increased 1.5 percent to 1.31 million permits, with approvals […]
Appraisals Catch Up to Homeowner Opinions
Appraisers and homeowners are on similar wavelengths, with appraisals coming in only 0.28 percent under what homeowners expected in July, according to the Quicken Loans National Home Price Perception Index (HPPI). Appraised home values rose 4.86 percent year-over-year, according to the Quicken Loans National Home Value Index (HVI). “The story the HPPI is currently telling […]
Staying Ahead of a Shifting Technology Landscape
In the following interview, Dan Bowden, broker/owner of HomeSmart Realty Group in Orland Park, Ill., discusses the advantages of the brand, the local market, technology, and more. Region Served: Midwest Chicago Years in Real Estate: 18 Number of Offices: 3 Number of Agents: 200 total in Orland Park, Naperville and Chicago’s West Loop Best Advice […]
Homes by the Millions ‘Missing’ Thanks to Underbuilding
With building halted in the recession and construction at insufficient levels since, there is a 6.3 million deficit in the housing stock, according to an analysis newly released by Zillow. From 2008 on, there have been 1.9 approved building permits (single-family) per 1,000 people—but, historically, the number has been 3.9. According to the analysis, if […]
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Financial Wellness Starts Now!
NAR PULSE—The National Association of REALTORS® proudly introduces the Center for REALTOR® Financial Wellness, a new online resource designed specifically to help all REALTORS®—no matter age, industry experience or amount of wealth—navigate financial planning and prepare for retirement. Encourage your agents to log in to www.FinancialWellness.realtor and start navigating their financial security—one goal at a […]
Making Brokers the Center of the Universe
The approach that’s made MoxiWorks a star What was born and bred within a forward-thinking brokerage now stands as one of the most well-entrenched technology players in the residential real estate industry. Since its launch as an independent entity in 2012, MoxiWorks has gone from serving its parent, Windermere Real Estate, and its 6,000 agents, […]
Luxury Market on Record Streak
The luxury market is on a record streak, with double-digit growth in 19 of the largest markets in the nation, according to the July Luxury Home Index by realtor.com®. High-end homes are moving rapidly, with age of inventory at 108 days—11 days faster than in July 2017—and $1 million-plus properties on the rise. “The strong […]