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Peace of Mind: Your Realtor Contributions

In an increasingly technological world, there are few industries that thrive on personal relationships like real estate.
The internet has torn down business model after business model, rendering them ineffectual and useless. Online giants have stormed the gates of the brick and mortar and middleman businesses alike, leaving cable tv, encyclopedias, print newspapers, and perhaps synonymous with this phenomenon, video rentals.
These days, the only time I hear someone mention the word blockbuster it is either preceded by the word summer and used in a movie context or it carries with it a connotation akin to going the way of the dodo. And the internet is responsible.

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One Hour in the Real Estate Market

We recently changed our clocks in recognition of daylight savings time. For many people, adjusting to the new schedule can be cumbersome, particularly when we spring forward because we “lose” an hour of sleep. Anyone who has had small children in their life knows the struggle this poses all too well. There are a lot of activities in a day, and an hour of displacement can throw a wrench in the works. We’re halfway through the week now, so hopefully everyone has hit a rhythm on the new schedule. Did you know how much activity takes place in the housing market across the country each day? Much like this post on an hour in the housing market, we’ll lay out some of the numbers, but this time we’ll reference the previous numbers too. If you’re an advocate for the US housing market or a homeowner, you’ll like the direct comparison… At this time …

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January 2017 Existing Home Sales at Decade High

Sales of existing homes during the month of January 2017 reached the highest point since February 2007, according to the National Association of REALTORS® (NAR). “Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, expanded 3.3 percent to a seasonally adjusted annual rate of 5.69 million in January from an upwardly revised 5.51 million in December 2016. January’s sales pace is 3.8 percent higher than a year ago (5.48 million) and surpasses November 2016 (5.60 million) as the strongest since February 2007 (5.79 million).” There is often lot of speculation and extrapolation on the numbers where the economy is concerned, and for 2017, it was off to an early start… “Combined with missed expectations for existing home sales data earlier this week, 2017 so far doesn’t seem to be shaping up to be a banner year for homebuyers.” -Svenja Gudell, Chief Economist for Zillow Even in the statement, …

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Builder Confidence Highest in 11 Years

In a recent Ask the Economist article in DSNews, Robert Dietz, Ph.D. was featured, and he discussed multiple factors contributing to builder confidence in the real estate world – and he has the data to back it up. Dietz is Chief Economist and Senior Vice President for the National Association of Home Builders (NAHB). When asked to comment on the NAHB’s housing market index reflecting an 11-year high in builder confidence, Dietz said that builders are optimistic about the prospect of less regulation after the election. “One of the key concerns is the rise in regulatory burdens that adds to the baseline cost of a home. Earlier this year, NAHB released a paper that estimated that regulatory costs associated with land development and residential construction have increased 29 percent over the last five years and make up nearly a quarter of a home’s final sales price.” While it’s really just speculation at …

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The Connection Between Home Prices & Family Wealth

Home ownership has long been associated with individual wealth. In fact, there are few endeavors an individual can undertake that have as drastic an impact on your net worth as owning real estate. In this blog post, Brandon Turner of BiggerPockets.com lists four ways real estate can help you create some serious net worth.