Commentary by NAR President Charlie Oppler As a small business owner and president of the National Association of REALTORS® (NAR), I want to set the record straight on misconceptions by some about the real estate industry. Commissions for real estate agents and brokers are negotiable. Always have been. Always will be. Let’s put that on the table right now. Like...
Black homeownership rates have dropped dramatically over the past 15 years, from 48% in 2005 to approximately 45% in 2020. According to the Biden administration, student loan debt is a major contributing factor. Through the Department of Housing and Urban Development (HUD), President Biden plans to address this issue head-on. In June, The Wall Street Journal first...
A White House infrastructure bill could reach the Senate as early as July 19, according to multiple House and Senate Democratic sources. While the language of the bill is still in the works and will be up for debate, a White House Fact Sheet released at the end of last month included the following targets: – Modernize and expand transit and rail networks across...
By Lizzie Weakley If you're reading this right now, you're digging for information. Right now, there are millions of people doing the same thing. The internet is a dominant tool of our times, and thus it shapes markets. Real estate markets are no different. The internet has the highest ads leading to inquiries than all other advertising mediums. Some five million...
By Jordan Grice The red-hot housing market has been the shining light in the nation’s post-pandemic recovery. But, real estate experts say it’s only a matter of time before the urban rental market follows suit. “From what I’ve read, the apartment market is recovering,” says Gay Cororaton, senior economist and director of Housing & Commercial Research...
ERA Real Estate Is Here to Remind Us That We Are in a Human Business Relationships. Loyalty. Taking care of one another. Collaborating to solve problems. These concepts are not fodder for provocative headlines. And they may not be scintillating enough to sell tickets to conferences. But they are the foundation of our industry, and forever will be. For years, the...
By Lisa Fettner, Founder, Lisa Fettner Consulting Most markets are experiencing extreme inflation and home appreciation. Depending on where you live, your market is becoming more of a buying challenge due to low housing inventory and high demand. Buyers tell stories of making offers on 50 homes and still not “winning the bid.” Buyer agents sometimes even resort...
In May, Microsoft co-founder Bill Gates and his wife Melinda Gates revealed in a Twitter statement their decision to end their marriage after 27 years. Since then, it has been revealed that the two never signed a prenuptial agreement, instead opting for a “separation agreement.” The process of splitting the couple’s assets will be a mammoth task. Bill and Melinda...
Editor's Note: This year's Power Broker ranking does not include Compass, which declined to separate residential and commercial sales volume data. The Power Broker Report ranks firms by closed residential sales volume only. Last year, Compass ranked No. 3, reporting $93,536,777,157 in residential sales volume for 2019. Compass reported $151.7 billion in gross transaction...
Credit: BHHS Ambassador Real Estate As CEO of Berkshire Hathaway HomeServices Ambassador Real Estate, Vince Leisey leads an organization that is on the cutting edge of a shifting real estate industry. He encourages an attitude of abundance that creates a culture that attracts all generations. Last year, BHHS Ambassador Real Estate began hosting Supercar Saturday...
