Tag Archives: National Association of Realtors

Real Estate Today

I just returned from the National Association of REALTORS (NAR) convention in New Orleans. My understanding is that more than 20,000 Realtors attended the event. The convention was filled with speakers, workshops, and vendors, sharing their knowledge, experience, and products.

There were hundreds of vendors at the expo, selling everything including jewelry, how-to-books, websites, and lead generation programs. Exhibitors included well known companies such as Zillow and Trulia and smaller ones that most have probably not heard of before.

The best workshop I attended was led by David Knox. David is an expert on pricing, selling, and negotiation. The reason I appreciated this session was that it focused on what is important in real estate today: relationships, trust, pricing, and negotiation. It wasn’t about the hottest new technology toy or how to buy clients through the Internet. It was back to the basics, this is how you do a real estate transaction. It encouraged open communication between broker and client, building a trusting working relationship.

At the core of my business model, I believe in developing relationships with my clients. Integrity and honesty are key components of how I work. I want to help each individual client meet their real estate need; I’d rather close less transactions per year and know that my clients will truly appreciate and benefit from the services I provide.

National Real Estate Update

We’re more than halfway through 2014 and nationally we have seen a “mixed bag” when it comes to the housing market. Although the market overall is strong, the first quarter did not perform as well as hoped, due in part to a challenging weather patterns and demand outweighing supply in many areas.

Since the number of homes available for sale (also known as ‘inventory’) has been low, buyers in some areas are competing via multiple offers for properties.  According to the National Association of REALTORS®, national inventory improved somewhat in the spring, causing sales to surge in May. In fact, the 4.9% increase in sold properties in May was the strongest month-over-month increase since August of 2011. However, this is still 5% lower than May of 2013. And in June, after three consecutive months of solid gains, pending home sales slowed modestly.

While looking at data provides a look at overall market health, I know what is most important to you is what this means for your property value! I would be happy to go over how your neighborhood is faring and what I expect in the coming months. Currently I am booking mid-year property reviews and I would like to book yours! Please give me a call at 206-790-0081 or send me an email.

SOURCE: http://www.realtor.org/news-releases/2014/06/existing-home-sales-heat-up-in-may-inventory-levels-continue-to-improve