17 Burst results for "National Association Of Realtors"
"national association realtors" Discussed on Newsradio 600 KOGO
"Has settled in an unprecedented 1.9 in January. That's much lower than six month supply. So this is this is me in the cellars Get to call the shots. Median home price has risen 14 1% this past year, according the National Association Realtors. Currently the medium list price of homes in San Diego, California. $719,000 that trends up 5% year over year and the medium sale price $680,000. That is a big number for San Diego. And if you are thinking about selling your house realtor they're saying Don't wait. Get it done now. Dad, Joe says I s and P On a very volatile morning. We're all back in the in the green now, NASDAQ up a half a percent. That's 59 points at 1 13,032 S and P Up about 7/10 of a percent of 39 02. Dow Jones having a great morning up 375 point. Who popped up 381 points out 32,002 14. That's 1.2%. So we're having a good day. They're coming up here at 8 55 guys. Why you may want to wait before filing your taxes this year. I'll break that all down for you coming up. Sounds good, Solid Kogo to your son 8 26. Don't be shocked if you google a local school, and you got nothing. All right, Plus you get to traffic and your updated storm Watch forecast. Coco News time is 8 27. When it comes to protecting your business from fire, they alarm brings the best like industry. Leading fire detection systems monitored 24 7. They alarm puts the pro in fire protection now, more than ever. Alarm a CEO to a C C L 88 0138. So it's.
"national association realtors" Discussed on Newsradio 600 KOGO
"I'm a certified financial planner are Bree moral? And by the way, if you are planning to be in or out today, mostly out and about, make sure you have a heavier umbrella handy. Another lousy day in paradise. But sometimes we have a little stuff called wet. Even though we're having a golf tournament this weekend and maybe clear we hope so, folks today I want to really focus again. On our new deputy Democratic control government and a good the good and maybe in a not so good. The good Obviously our economy is recovering. Certainly they're not so good is going to be a wave. Have a lot of regulations, a lot of new tax increases, and it's gonna affect just about all of us in her pocketbook, by the way. Obviously, United States government can print money State of California cannot. Obviously this trillions of dollars and stimulus checks that have been sent to people that really, really need it. On and obviously in the lack of normal revenue coming from people working, it's obviously going to result in higher taxes. It's gonna be a higher taxes sort of across the board. Some we will see some We will not. But mostly we will feel we're ever gonna have tax increases on services. Certainly, in addition to higher taxes, and quite frankly, maybe soon reduced deductions, and we're gonna focus on some of the abductions that may potentially be reduced as we do. Every Saturday, talking about 10 31 exchanges. We'll talk more about that today. Give you a little update on the stock market and certainly the real estate market place and what our crystal ball sees for the rest of this year. I can't believe January is gone. Can you amazing? Unbelievably quick. By the way, the stock market would really unnerved this week out. And if you watching the news or watching the paper, the stock market a nerve by big, big, big, big time speculation. Trading. We call it gambling by the way. Of shares of a company called Game Stock game stocked. It's our private video game company, by the way that's not is listed on any of the major changes by the way. It had some wild trading and big time speculation, resulting in some big big winds and some quite frankly, some larger losses again. You can probably gamble or you can have more fun by going to Vegas and playing the craps table by the way. Again owning a stock in my opinion, or maybe only a few stocks folks is more akin to gambling versus investing. As I mentioned, it's like going to Vegas and have some fun and throw some money on the craps table. You can mitt win big and you obviously lose big And again remember, in my opinion, you should only gamble when you when it's OK to lose, And obviously it's best, quite frankly. To invest, Invest for your clothes and objective. What risk you're willing to take. And when the name money from your portfolio And those investment should be really well diversified again based on your particular financial goals, and you can invest with diversified portfolio stocks and bonds, US international emerging market and real estate Ah, lot of people only invest in the stock market. If you sort of look around today, wherever you at, you're going to see real estate and people owned that property and you said, certainly own real estate is part of your portfolio. In your portfolio Stocks and bonds and really cheat should really be based on your goals. You can have box stocks and bonds and real estate structure to produce your checks are have those kinds of checks be reinvested to make your account grow. So whenever you retire, you have a larger nest egg to tap when that paycheck stops. Again. It's also part bigger picture of focusing on your personal financial planning in by the way, if you haven't ever gotten our booklet Are you financially organized? It's Afridi, you go to our website. By the way that money talk radio dot com Money talk radio dot com. Right on the page, you'll see the booklet. On at the very top of the page. It'll be a little link it says, Find an advisor. You can click that and we'll be happy to respond to you. And send you that book it along with the things will be talking about today, which is going to read focusing on real estate. By the way. Um, obviously we have a new president. We have a new Democratic controlled Congress. House of Representatives and the Senate. By the way, there's going to be a lot of debt. That's gonna be obvious repaid from billions of dollars and some case, trillions of dollars in stimulus checks and these view massive proposals on the Democratic checklist for this new year. We can obviously expect also a lot of changes this year. Good and bad, and you could be affected, most likely by having as I mentioned earlier increases in taxes. And I can. There is a majority of Democrats now and the House and Senate. But quite frankly, if you Google Um stock and bond portfolios and Democrats and Republicans. You'll find that the stock market really doesn't care who's in the White House. The stock market doesn't care The stock market on Lee cares about companies making profit. And I think we'll still have a good rest of this year. We're gonna have some pickups along the way, and we potentially have some major major major tax increases on people that are quote too wealthy. And more specifically, it's going to affect potentially people that own real estate, and they want to sell real estate. Bill Exeter is gonna be joining us at the bottom of the hour bill was on a panel this week and was part of the interviewing process of the director of the federal tax policy. For the National Association Realtors. Bill's going to update us on the real estate market place and pro, primarily 10 31 at the bottom of the hour, along with our lieutenant Black women are host Doug Tabor. So Red X to the bottom of the hour news. I make sure you stay tuned for that. We'll talk with a Duggan bill. We'll.
"national association realtors" Discussed on WGN Radio
"Me predicting based on listening to many of the experts from the National Association realtors economists, uh you know different real estate mega websites. And everybody seems to be in the same camp of saying that we're gonna We're gonna head into 2000 and 21 very, very strong, very strong. And because the because again back to that so whole supply and demand thing, there is much more demand than there is supply That's going to tend to put some upward pressure on Pricing, which is going to make it challenging for our buyers, and it's putting our sellers they're they're in the driver's seat still, and they are I. I feel they're going to remain in the driver's seat unless we see some way to increase inventory. We're seeing hope. New Home starts, which is, you know, building of new homes is picking up into take 69 months, but that's going to take quite a while. Church, you know, kind of offset the market. Right now, there's there's enormous opportunity for sellers to build and utilize equity. We gotta take a break. Let's come back on the other side of the break to talk more about it. 31 to 91 7200 mega post context Lindus Home in Chicago named 7 20 double jab. News nation this hour. I'm Dave's one. The FBI is looking for help concerning information about a mysterious RV at the center of yesterday's bombing in downtown Nashville. Police chief John Drake says officers responded to shots fired and found the vehicle playing a recorded message about the bomb threat. Shortly after that, the RV exploded way had one officer that was not to the ground. Another officer. It's fine. Possible human remains were found near the scene. Three people were taken to a hospital with non life threatening. Injuries over 40 buildings were damaged, and police say the bombing was intentional. In his Christmas message. Yesterday, Pope Francis pleaded for authorities around the world to make the covert 19 vaccine available to the vulnerable and needy. First. He called on leaders to promote cooperation and not competition and to search for a solution for everyone. Japan has its first confirmed case of the new Corona.
"national association realtors" Discussed on 860AM The Answer
"RTIA dot com, and she is also an equity partner in us capital, global investment Bank. Hi, Teresa, thanks for having me. So I think fun fact that we did not mention in the earlier segments is not only are you a mortgage a real estate broker, but you were also the first except of unlimited amount of bitcoin in California. That's right. Yeah. I was the first real estate broker to figure out how to move on limited amounts of bitcoin into to purchase real estate. And if you're just tuning in we've talked about it a couple times today that aren't real say consortia, the company that treats is a blockchain technology company, a real estate technology company. We're not folk. Focused on crypto currency. And so in this particular case Tricia has an innovative program to track real estate referrals between agents and brokers so much so that the national association realtors themselves to interest and traces company wristed consortia is now part of their incubator. That's an. Basically eight at eleven hundred fifty companies year get that shot a point zero six percent opportunity. So Theresa I wanted to talk about what does it take to get through that process? I think that would be very interesting. I think it took a lot of determination and just being really die hard about helping the industry. I think a lot of technologists they're looking for a problem to solve. Whereas I come from it really passionately as a practitioner in real estate and I've seen where it's broken. I've seen where my day can get really hard. And we're I wish I had a product that could help me. And so building something with the end user and mine and being able to picture that person sitting at their desk getting their work done and going. Okay, gosh, how am I gonna help that person have a better day today? I think has been really helpful and pushing a product that the industry sees value in. Yeah. I mean, I recall the days of applying for college admissions or trying to get that job as analogy if those eleven hundred fifty real estate technology companies trying to get into reach the national association realtors incubator, and then they go through the tornado process. We've talked about your passion. But what were they looking for? What was it that stood out that made them say this is a company we have to have in our program? I think it's my experiences real estate broker. I think it takes a lot of guts. I'm sorry. If the sounds if I'm patting my own back into San Francisco's a cutthroat market. It does have a reputation for a reason my first transaction that I didn't Francisco the broker on the other side of the deal. Flat out emailed me and said, I expect perfection on a steel and I went oh empty. Okay. Got it. So we've held a product that brings the best in class solutions from San Francisco how we do business, which is it's we are always striving for perfection when we do a deal. And there is a reason why one piece of property goes up. And it gets twenty offers is because everything has been done on the back end. Make sure we have a clean product hitting the market. So real estate consortia takes all of those best practices, and we package that into our technology, and we want to share that with the rest of the United States and the rest of the real estate industry. I think that I should make it clear that we talk about blockchain technology, or in this case, the state technology that this is not a one and done. This is this is really a blue ocean. So what were the state consortia is doing different than maybe other companies is your solving? I for the referral tracking problem in this industry as we talked about earlier in the show. Can we go through an example of how cumbersome it is today without technology? Yeah. So if I'm going to send a referral to say someone in Palm Springs, San Francisco's foggy. Everyone leaves San Francisco is better, son. So vice send that referral. I'm flying blind. I have no idea. So what happens is I log into by electronic forms provider. I enter in the Email address of the recipient broker. It gets sent out to them with the clients information on it. So hopefully signs before he takes that client information. I get a copy back that form is ratified. And then it sits in my repository somewhere in my computer. And I probably going to forget about it. So is he because he's not incentivized to pay my referral fee. Right. Even though there's documentation, even though you've done everything you're supposed to do. It. Just kinda slip through the cracks. Yeah. As broker we get busy as I fill out like my broker demand forms. It's only as good as the data. That's going into the form. And sometimes it's just a really innocent mistake like shoot might as really busy. I forgot that. I also went money. But it's really common that it happens in the industry. So then how does real estate consortiums referral tracking system has that make it better? We created a few different steps along the way to incentivize different parties to jump in and help out with this problem. One is there's a look up we call it in escrow look up portal where actually as of conversations during this last week, we're realizing that they are super users in the real estate industry who also need to see this kind of data. So it's like the people who provide the quickey along the way and the transaction who need to see who's made a referral. So there's a super user look up for any referrals that are due on either the property or the client that's been passed or we can look up by the agent name. So that's the best case scenario escrow. Does this look up? Even better, though is if the agent reports it him or herself right and says, oh, I oh this referral fee to this party. That's awesome. But we have checks along the way. And then the third way we call it the worst case scenario where somebody's been naughty and forgot to make that referral payment. So we call that the match and append process, and that's when we take one of the data sets, and we send it through our multiple sets of data providers and look up to see if a transaction is closed that looks a lot like the referral. That's been logged on Bill consortia. And then from there real estate consortia sends out a little nasty gram. And we say, hey, you might wanna pay this referral or consequences when two or three show up? Yes. Yeah. I can see lots of parallels with other industries, which I'd like to reserve to talk about in the pivot. But I mean, I definitely so the benefits of the system also disclosure because I am a senior adviser to stay consortia. I want to focus on a more personal level. How do you juggle both being equity partner at a really will stylish investment Bank? And. To be the CEO of start of at the same time. I think the trick is making sure everyone's on the same cap chart. So when idea well everyone else around me does well, and it's really about creating wealth and prosperity for for everyone on my team all the bankers involved and the industry at large. So we all rise together is very similar to Steve Jobs who had to do both apple Pixar at the same time. I mean, I wanna make it clear because we had you on in December. And since then you went from us capital and became an equity partner. So obviously, you're being successful both jobs. So it's something that I really think is impressive. And then another point I wanted to make for people listening and how to maintain focus. How do you maintain focus when people who hear about real estate consortia, and I can't disclose? But all these other companies want to be a part of it. How do you then decide who is and who isn't involved? So a lot of meditation. Because into that of an it helps it all the senior partners at US capital are yogis, and they teach me how to manage. So. The way that I think about it is our EC owns a core set of intellectual property. So when we own that property and that I p. And I get really laser focused on what we do. Really? Well, and where our passion is then I can figure out, and I can sort through how to help other companies that are coming to me got it. So Theresa thanks again for giving us an update on all the things happening with you at the consortia and use capital. Global look forward to hearing you speak at the smart city conference may thirty first at San Jose city hall. Go to up is to get more information anything else, you wanna learn.
"national association realtors" Discussed on WJR 760
"Oh, nice to have you in the studio with us. I guess for our listeners out there. I want to kind of I guess you'll maybe take a step back and start tackling the difference between a home warranty in home insurance because there is a different. And sometimes not everybody understands that. So can you share? What exactly is a home warranty? Yes, ma'am. The home warranties a risk reduction tool that homeowners can use to help as you said to lower the risks and the costs of those unexpected repairs on the major mechanical systems and things within the home, and it's different than a homeowner's insurance because we cover things that the homeowners insurance doesn't insurance what typically cover. You know, it's a hazard insurance that covers the replacement of damaged goods and all that kind of stuff. But most of the time doesn't always cover the cause of that damage such as a plumbing repair or a leak of that nature. So the warranty would step in and take care of the cause where insurance would cover say the damage, drywall and carpet and so forth. So they work together and really help to provide a broad full spectrum of coverage for homeowner in it is interesting because one of the things I think I've often heard you it is insurance will cover what may happen. You know, you may have a fire. You may have a tree fall on your yard, those are they're not given. But they might happen. Whereas a home warranty kind of usually covers what alternately at some point in time will happen and appliances gonna break down the furnace quits working. I mean is that a kind of a fair assessment everything in the house is going to break down sooner or later, and according to the national association, realtors every home that changes hands. Ends. There's well out of all the homes at change hands. Sixty seven percent of them experience a major mechanical system failure within the first year. And so there's a high likelihood that something could go wrong in that first year of homeownership, so a home warranty as a great tool to provide peace of mind for the new homeowner in that property. Sure is I would have never guessed that there was such a high sixty seven percents pretty good odds that something's going to happen to you. Sure is interesting in unlike home insurance, especially if you're if you're getting a mortgage on the home homeowners insurance is going to be a requirement by your lender. A whole warranty is not a requirement. That's a choice that folks they're making. It is. It's not required by law or anything to to have it. But it is definitely a wise choice and helps protect that homeowners investment. Especially for first time home buyers that are struggling maybe to gather a down payment. Even how are they going to be able to pair repair that furnace when it breaks? They can't even afford the downpayment hardly on home. So. It really is a good investment of their money. And you're right. It is enough to kind of say for the down payment, the closing costs, the initial you kind of almost forget that you have to stock the home of things that you may not have had you know, where you live before. So on an unwanted repair. Is the last thing you want to be paying for the first time buyer? So let's say that I do decide to purchase a home warranty. Can you just give off you know, kind of what are some items that are typically covered? Well, we like to summarize it using the acronym, peach, okay that stands for plumbing, electrical appliances, cooling and heating that kind of gives you a general idea of the things that are covered. There's other things that are thrown in there as well. We have hotel benefits for if the house is uninhabitable because the water has to be shut off or the furnaces out and can't be repaired for a couple of days. We can assist a homeowner with hotel benefits and other things like that. But you can summarize it all just using that acronym, peach that's pretty easy to remember, isn't it? Can you hear what it stood for again? One more time peach stands for plumbing, electrical appliances, cooling and heating. So good to know because those are worse than the costly repairs are going to come from clay. So.
"national association realtors" Discussed on Newsradio 1200 WOAI
"That's lifestylesunlimited dot com and you'll see up in the upper right hand corner where it says free workshop, and you're welcome to come and see what we do. And we have these like in San Antonio older like Saturday March ninth Thursday March. Fourteenth. And we also have a upcoming expo in Houston coming up the end of April, and you want to take a look at what that is. Because the best of the best is always goes there. Well, let's talk about real estate and affordability, and what's really going on within the single family rental market. And the statistics are pretty clear right now is that the country is facing a housing crisis. I don't know about you. But it seems like every other week realtors are sending out these letters saying I have somebody that wants to buy your house and the national association realtor says that the combination of these rising prices for the single family homes and rising mortgage rates, which is actually peaked at this point had led to a decrease in home affordability by get this fifteen percent. That's a lot the survey. Put all these things together from resources like the realtors association, and that's where they got their information to look at these markets. So let's talk about what are some of the best markets that we're seeing that you might want to look at and you can talk to us about that lifestyle. Unlimited. If you come to the workshop or give me a call and on eight seven seven seven eleven fifty to eleven well, the south in central reason region, which is central west and so forth, Texas, and in that general area, that's probably one of the most successful and most affordable areas, then when you look out west like to the mountain regions force actually wrote an article recently were returns to this region are actually tending to be higher, but home prices are actually lower. And what we're seeing is a lot of these people moving from these high cost states like Washington.
"national association realtors" Discussed on Biz Talk Radio
"We are back with the Kristen Hagopian show half past the hour. You know, what that means time for another fantastic. Addition of dad and daughter talk real estate with the fine Gent to my right with his usual folder full of info, dad. Welcome back, sir. In full on ir. Did. And despite the fact that we are again, we're talking January real estate were a lot of people feel like things kind of slow down for the winter. So not the case as usual, we got all the bells whistles reports in numbers to prove that the real estate market nationwide is going like gangbusters right now, including and I want to talk with you about this just on the news, how the rates recently came down for real estate rates with regards to interest rates, and that kind of stuff I knew that would probably be one of your packets. Now, you bring it up. How do you think that's going to impact our nationwide listeners as well? Well, the question is is the recent dip in interest rates here to stay to show you how good forecasts are, Krissy. There are four organizations Fannie Mae the big mortgage Bank, right mortgage Bankers Association. National association of realtors said for these three organizations that are good at forecasting interest rates are should be good forecast. And let me tell you something that all three of them did what they do. If they fail to see the drop interest rates. So they were all saying, hey, starting in two thousand nineteen interest rates are going to be going gradually. Alright. Okay. Say about forecasts. You never know whether they're wrong early late wrong, high wrong, low, you only know one thing and that is the wrong. I find that fast. They're good at highlighting trends coming up. Maybe not exact numbers. But in this case, they didn't even see the lowering trend at that was on the way. So we'll throw them a bone on that one. I don't think anybody foresaw that. But yes, you're so right nailing the numbers not so much. Just, you know, go with the trends little more of a chance of being somewhat more accurate. Yeah. Well, you know world economics is kind of a a greasy foggy crystal is it is. And there are lots of stuff that affects that then, you know, the stock market hit on month. And I don't like that. Nobody saw that coming either. But anyway, now what Fannie Mae is projecting is we're at four point eight percent right now pretty for the general interest rates. You can get on a thirty year loan, no points, and they're projecting. That's going to stay the same for the rest of the NBA. The mortgage Bankers Association say we're going to see a slight uptick to five percent. The end of the year national association realtor says about the same thing slight uptick to the end of the year. So it looks like interest rates have taken a hit to the downside. And they are probably going to stay down. Good at least for the balance of twenty nine thousand nine. I love that. We got springtime coming up watching today. Cough and sore. Well, you know, if they do we can say, hey, you know, what we knew that. These numbers aren't always one hundred percent accurate again. It's just more for the trends. But I love how this very healthy real estate market real estate market for January. I'm just kind of thinking forward and projecting these numbers and this enthusiasm into springtime, I think springtime just going to be gangbusters that is the general consensus Yan, where's the housing market headed in two thousand nineteen..
"national association realtors" Discussed on 90.3 KAZU
"Whatever it takes. If you couldn't hear it over all the clicking cameras, but with that as the timeline. Marketplace's Abry Benesch your takes us through the shutdown. Macroeconomic math. There are four hundred thousand government workers who have not been working, which means they've not been contributing to GDP so take their paychecks, which they are not getting out of GDP. And here's what you get. We meet that in the fourth quarter. The impact of the shutdown was this attractive about one tenth of a percentage point from GDP growth measured at an annualized rate. Joel prac- in is chief economist for macroeconomic advisers by IHS market, the impact in the first quarter of this year will depend on how long the shutdown goes on. It's looking like another tenth of a percent. Now, I want to emphasize these don't necessarily capture the disruption of private commerce, which could get increasingly large the longer the shutdown persists a lot of businesses. Depend on government services. William gale is with the Brookings Institution. Someone's trying to get a business permit, for example to start construction. Do a variety of other things that require government government approval. Everything is stopped up. Now, measuring these other effects gets complicated. The family who would have gone to a national park might go watch a movie instead that doesn't hurt GDP the workers who don't get paid. We'll probably get back pay later. But the lost government output is never made up comes out to about one hundred and forty five million dollars worth a day. According to just market or in the space of the story one hundred and fifty thousand dollars in New York. I'm sorry sure for marketplace. So here's what we're going to do the rest of the program point out a couple of areas. Six maybe eight I dunno. I forget, frankly, where the government not being in business could have real trickle down effects on businesses. We're gonna start with housing even in normal times a huge chunk of this economy. According to Zillow the real estate data sign federal workers who aren't going to get a paycheck on Friday will almost a half. A billion dollars in rent or mortgage this month the national association realtors says about twenty one percent of its realtors have had clients pull out of buying a home, especially if they were trying to get a federally backed mortgage and don't just take it from me. Here's part of the shutdown FAQ from the federal department of housing and urban development itself, mostly shutdown quote with each day that the shutdown continues. We can expect an increase in the impacts on potential homeowners home sellers and the entire housing market to that's housing. What about Wall Street, the inner workings of Wall Street? I mean, the gears in the gritty stuff the stuff that the government's supposed to keep an eye on the part that the securities and Exchange Commission, shall we say is responsible for here's marketplace's Nancy Marshall genzer. See you've got a big merger in the works. Or you're planning to go public like Uber. You need to clear your documents with the SEC for things like the price of your stock. What you're gonna tell investors this usually takes about six weeks, but the SEC doesn't want their shutdown. Down to get in the way of business. So it's come up with a shutdown workaround d I y it's kinda let companies merged and go public without its input. But nobody's going to do that. Because the SEC seal of approval could be all that standing between your company in a lawsuit. Lots of those work arounds happening, by the way and therein as Nancy said lies some peril. The Federal Reserve is working this week. It is not subject to the regular government. Budgeting process, which means I can tell you this the central Bank released the minutes of his most recent meeting today, the one back in December seventeen pages lots of charts and graphs here is a useful indicator, though, the word trade appeared seventeen times in the meetings last month, mostly in a not quite so good context. On Wall Street this Wednesday, the stock trading not the regulatory part shutdown shutdown. We'll have the details when we do the numbers. More about the shutdown in a minute. But.
"national association realtors" Discussed on Biz Talk Radio
"It's a it's a nice little chain reaction that it's going to feed into every other aspect of your life. Sure is not recent study done by an organization called keeping current matters. They deal story this came from the national association realtor, and they took a look at what percent of the equity was earned that sale for people who had owned houses anywhere from a year up to twenty one years or more, right? The national average people walked away from settlement with thirty two percent of what they had paid for the house. Nice regardless of when they bought it. That's if you don't your house for year, you generally you walked away with twelve percent of what you paid for it. It's not bad. No atrop- preventing profit. I should say that everything else was settled. So if you put ten percent down like a lot of people do. Yep. You walked away with two percent problem now after a year. That's that's that's not bad. That's pretty good. If you had owned your house for two to three years you walked away with sixteen percent of the equity again, a six percents. So he had a house that was worth half a million dollars. Yep. Ten percent down. Six percent of that sixteen percent equity. Takeaway was was prophet six percent of five hundred thousand dollars thirty thousand dollars. That's pretty I like it. Now, the numbers considerably better. They look at four to five years people walked away with twenty six percent of the original price. Yup. Six or seven years they walked away with thirty six percent of their original price. Okay. And then eight to ten years they actually dip down because you get back to eight to ten years, and it gets you back to the two thousand eight to two thousand ten right time period. Yep. That's just from the bubble was bursting. Yes. We're the highest. So we've pretty much recovered from that is just about most parts of the country great to hear. But those folks only walked away with seventeen percent of the equity, but for the description, you just had where it was really kind of a really scary time in the market for even them to walk away with equity. It's very reassuring that no matter where you are when you buy or when you're looking at profit the bottom line there folks is that you can't be assured that things are going to be going up in a straight line. Now, we've been kind of spoiled for the last three or four or five. Pretty much going up in a straight line. But that won't always be the case there will be there will be price correction any investment ten to twenty percent in the real estate market from time to time, and you need to be see those come along..
"national association realtors" Discussed on Biz Talk Radio
"We're back in your house. You're listening to the power play. Full day the full hour saying the full day lately. That's what I've been doing. For some reason. I think having a full day radio show, though fund would probably be draining. Or maybe it's a fun idea. Who knows the power play? Welcome back. My good buddy Gregg grand CEO own America. And that's our time to really dig into some of the strategies and ideas and crystal ball like visions that we have for the future, Greg. Let's keep talking about that before the break. We talked about your one year. I thought process what's the what is the next ten years? Look like in the housing investment space. I think to interesting I think the sheer numbers of people that are invested in the US housing market is going to go up dramatically dramatically over the next decade. Here's why we talked about it in the first segment. This idea that Wall Street pave the way for a lot of innovation a lot of technological development. A lot of professional management systems development to be able to handle thousands of properties across dozens of cities. And now that is all being all that innovation is being repackaged for the larger audience. Here's a way of think of it in ten years is going to be a brand that is synonymous with investments in real estate in America. Right. There's there's no brand today. Right. There's going to be a household name. You've got target. We've got WalMart. You've got apple. You've got color backers such Twenty-one you've got Bank of America. There are brands that are tightly associated with their category. And there is a category. But there's no brand. There today. Think about this. I give you give you the stats in terms of the size of this market. Just to kind of wet your whistle. One way of looking at it is that there are more. The market of houses for rent is as large as the market for apartments for rent. Meaning if you think of all the apartment buildings you've ever seen and their pervasive. They're everywhere. Right. Big small and in between apartments people think of houses being something that an occupant lives in. I mean, an owner lives in owner occupied homeowner. They assume that house is is is occupied by its owner. That isn't the case in a large large number of cases. And so when you add it all up, it's as big as all the apartments. It's twelve percents of the households in the country. So twelve percent of the population live in a single family home that they rent, right? Somebody owns all those houses seventeen million properties around the country that investors purchase right? There's a million investor purchases every year. So according to the national association, realtors one million houses are bought a year, which is twenty percent of all the houses bought and they're bought by investors. And yet today the services that those investors get stick? Because the industry that sells homes sells homes presume, you're going to buy it and live in.
"national association realtors" Discussed on KTRH
"Games, whether you're dealing with the stock market or the bond market. We're also seeing weakness in the real estate market over the last couple of quarters, according to the national association, realtors, we're beginning to see slowdown in the price values of assets. This is natural. We've had a bull market since two thousand nine it's nearly ten years. The longest running bull market in US history. It's natural that this bull had to slow down and catch its breath. And that's what really seeing right now. But here's something that is really fascinating. As a result of all of that. You might be saying to yourself. I'm really not sure how to be managing my money. And if you're saying that are you is that your attitude, what is your comfort level with managing the money in your retirement accounts. Do you have a lot of comfort managing your own money in your 4._0._1._K at work or your four three bay or thrift savings plan or your IRA the Federal Reserve just released a study and found that sixty percent of Americans who have an IRA or a 4._0._1._K sixty percent say they have little or no comfort with managing their retirement assets. And I'm willing to bet that most of your savings are in retirement assets. And yet you have little or no comfort and managing that money, especially when you look at the fact that your account values this year have been largely flat, maybe even down a little, and we just came out of the midterm election. That is spelling. Gridlock in Washington. And people are wondering or do I do about this. We'll tell you what you can do about this. You can turn to the firm. The Barron's has ranked the number one independent financial adviser in the country. You can turn to the firm that was founded by the.
"national association realtors" Discussed on 860AM The Answer
"Townhall dot com. I'm Bill Agnew in Washington. During a campaign rally last night in Montana, President Trump praised congressman who body slammed. A reporter Ed Donahue has the president called Greg Gianforte, a great guy a tough cookie heard that he body slammed. A reporter the guardians. Ben Jacobson it happened last year. Tired? You got. Did the same thing. Terrible. He's gonna lose the election. Then I said, well, wait a minute. I know Montana pretty well. I think it might help him and forte pleaded guilty to a misdemeanor assault charge last year. Greg is smart. And by the way, never wrestled him. I'm Ed Donahue, a volatile situation in Afghanistan and now the electric bitch. There is postponing Saturday's elections in Kalahari province for a week following that deadly attack that killed at least two senior. Provincial officials. Meanwhile, correspondent Kathy Gannon reports Pakistan's to official border crossings with Afghanistan or close for two days and the United States has repeatedly accused Pakistan harboring Taliban insurgency, saying that they're going back and forth across the border, Pakistan. Of course has denied any official assistant to the Taliban. But through the border is an easy border. They do go back and forth. And so the Afghan government has said he's closed the border at least for Friday and Saturday until after the parliamentary polls are held score. Kathy gannon. He was home sales fallen now for the six straight month. Lawrence is with the national association of realtors, he says states, like California, it's simply too expensive for many would be home by what is critical is for the home builders to build more affordable. Moderately priced homes because that's where there was a strongest demand and the critical lack of supply the national association realtor says sales declined three point four percent last month on Wall Street right now, the Dow.
"national association realtors" Discussed on 860AM The Answer
"To you Wanted to bring back my special. Guests which is Korotan she is a, research economist for NAR which is an Akron for national association realtor is and she gave, us some beautiful information and I just wanted to really quick touch upon before. We exit stage left gay is what is happening with the interest rates and was it? Affecting. Inventory, and prices okay well so the, first thing, to notice you know the. Economy is really improving. So unemployment is falling it's been, demolished since twenty, years a. Three point nine percent so what that means is because there's a sustained economic and there's, a lot of demand this tends to put pressure. On prices and inflation and so the Federal Reserve doesn't want to inflation to shoot up also to they're trying to balance, having good economic growth but also. Inflation around two percent so they've. Started raising interest rates so the thirty year fixed mortgage rates, according to Freddie MAC Max survey is not running at four point six percent the last year a, you may recall it was about three and a. Half percent you know that's up a pushed up mortgage payments a bit by about one hundred dollars a month nationally so, and that's made it a little. Bit less affordable but hey you. Know if you can escape your Starbucks Coffee for three dollars Make that payment you know work. For yes well thank you for that and I remember. The, days, when it was nineteen and twenty percent interest so you guys are And? The. Other, thing I wanted to. Add is I don't think they will be going any lower thank you. Might as well jump Become a homeowner now would be a good time right because. Every market will. The combination of the interest. Rate the prices and your credit score will glean, you a monthly, payment you can afford that's the key so thank you so much I really appreciate you, being on the show. Today and it's pip you'll want to fight with people with people want to find, out more where we're working they go to work can you guide, them so. They can go to, the national association of realtors website and that would be a WWW. Dot n. a. r. dot org very simple, any are dot org and they can find a lot of. Information there about any research so he published a lot of housing, statistics a lot of reports and blogs about the economy and yes so just, go to any are w. w. dot NASA dot org and. Thank, you very much a mary-anne for giving me the opportunity to share you. Know the information that they are hazards at your viewers well thank you for blessing me for being. On the aaronow tissue to come Back so that's gray, gray it's Kara mature research economists for NAR and thank you so much gay and. You have a. Blessed blessed day in blessed. Year thank you Marianne same viewers oh you're welcome, dear that was, gray that was gay or Torah research economists privilege me today but I want to jump, on the trivia contests. Question and what was my question I asked it how many times already so which, of the bridges the main bridges that come in to connect with, San Francisco. Which is Golden Gate, may bridge SNL bridge we're just seven to bridge the bridge which..
"national association realtors" Discussed on WJR 760
"Referenced you as a real term is just to get started could you explain what that america's part of your title is all about it say designation from the national association of realtors and is reserved for people who've been in the business longer than i believe it's forty five years okay minimum fulltime experience as a real estate agent for continuously for forty five years well congratulations so what that tells us as we've got somebody with us in studio here who knows what they're talking about when it comes to to this particular topic so vince let's start with the scenario that maybe i'm a seller you i i've contacted a couple of agents to come out and meet with me i'm trying to find that right agent they come into my house they get seated normally at the kitchen table the presentation i say that in quotes of begins what should a seller be expecting to kind of look for right off the bat when an agent comes in well you earlier you referenced about level of comfort and that's of huge consequence if both parties uncomfortable to one another than regardless of their level of experience and other attributes strikes me reflect back how important is to be a good level with one another and be comfortable with one another so let's we're going to be one of them and you want to find somebody that you could just kind of feel like i can relate with them i trust them because if you're comfortable with somebody there's usually a little bit of a level of trust there yes nat comes into it so normally at the beginning of such a meeting an you comes into your home they're going to talk a little about themselves you know they're going to this is the opportunity really for an egypt to kind of verbalize their bio their their resume if you will what if a seller do i want to hear from an agent about their experience their reviews their ratings things of that nature well you referenced honesty in this type of thing so and that's something that sometimes it takes some time to really determine that but german the level of honesty i wanna make sure obviously they're enthusiastic practical enthusiasm tempered by experience cautioned facts and reality the experience level longevity hong they'd been in the business in there level of expertise that is the number of sales isn't necessarily the criteria it unfortunately that number frequently are grossly exaggerated but nonetheless you know an agent needs to be doing roughly twenty five to forty transactions a year and that if they're doing that on their own then that should take care of that so that's so that's a kind of a good tidbit right there is you're saying if i'm talking to agent and they're doing twenty five to forty transactions on their own not part of a bigger team or group correct people that somebody that's doing enough business there in the market they know what's going on they've got a handle on chris they're they're they're a fulltime person at that at that police for the sake of illustration the number of sales the average number of sales i believe nationally in the according to the national association realtors per agent is under too i think so the difference between two and twenty five yes so they they need to.
"national association realtors" Discussed on WCBM 680 AM
"To in the six eighty wcbs maryland new center president trump says he'll start the effort to replace retiring supreme court justice anthony kennedy immediately pledging to pick from a list of twenty five names he started during the campaign and updated last year but he'll face a fight in the senate in getting nominee through now that the maryland race for governor is set ben jealous versus larry hogan the incumbent fired a few salvos today governor hogan call jealous too risky and too extreme for maryland hogan said if you like to martin o'malley you're going to love this guy a man is under arrest in connection with the killing of his stepmother and her neighbor in rosedale baltimore county police say thirty two year old ryan mcguire is charged with murder in both cases the arrest comes after an investigation into the death of the neighbor sixty one year old cindy testament talk about getting stuck in traffic at trucks built its load of blue glue today on i ninety five near the toll plaza north of the fort mchenry tunnel in baltimore authority see the glue is water based in nontoxic so the spill did not require a has matt response dow jones down one hundred sixty five the orioles in seattle again tonight seven oh five at camden yards as baltimore tries to stop a three game losing streak six eighty wc news the fox business network all wall street stocks reversing course erasing earlier gains with all the major averages ending in negative territory tech stocks were down renewed concerns about foreign investments the dow closing down one hundred and sixty six points the nasdaq down one hundred and seventeen s and p five hundred down twenty three and fewer americans inking contracts to purchase homes in may as sales are being hampered by a shortage of properties on the market the national association realtor says it's pending home sales index slipped five tenths of a percent and the company that owns iconic brands as bird's eye in dunkin hines pinnacle foods is joining a family of names featuring hunts healthy choice pinnacle foods is being bought by conagra for close to eleven billion dollars including debt conagra has focused on revamping older brands with refrigerated and frozen foods segments its fastest growing division and moving forward conagra wants to build on frozen food growth with birds eye products with the fox business report i'm the rebar scheme inviting this thing all day and my son would like turn seems the young cylinder hog doesn't it it's a coin operated kiddy bag no ma'am it's a.
"national association realtors" Discussed on TalkRadio 630 KHOW
"It is and i don't think people will also recognize the importance of these associations particularly nar the national association of real torch they are the people who rely for home ownership rights as the our congress changes laws changes tax laws they are the ones looking out for home owners they're lobbying every day as sensually of the year with freddie mac and fannie mae who are they a married couple freddie and fannie fan you know they're the secondary mortgage lending institutions quasigovernmental but the national association of realtors i still call it the nation's largest consumer advocate group i know that aarp takes exception when i say that because they like to be the nation's number one this and that on advocacy they do some advocacy too but the national association realtors larry not only that they're lobbying with fha with the veterans administration to bring more benefits to home buyers and homeowners but especially home buyers and the va especially for vets and congress is the ultimate decision maker so they're lobbying there to create a lot of rules a lot of legislation that helps all of you as listeners all of us as consumers and i'm a big advocate of that aspect of the national association of realtors i love the the teachers recently congregated at the campus and did all that if every realtor in this state that fought for the rights of homebuyers was to do the same thing we would dwarf that crowd.
"national association realtors" Discussed on KQED Radio
"The standard for a deductions on mortgages and the reason i mentioned has a lot of people are asking about that national association realtors has condemned the proposal national association of home builders likes it because it's going to increase since construction and so forth where do you stand i'll tell you where i stand in a second but i just can't let this this idea that you know our horns are locked in we just he said she said we have a fundamental disagreement the facts are the facts and the facts that i have cited and i'm talking that the us i mean we're not ireland were never going to have licensing never we're certainly knows he's proposing it's a tax rate as low as ireland that's not going to happen in this round so you can put that off to the south side and by the way the countries is concerned about their revenue losses in the united states the scenario the criticism outlying were you cut corporate taxes you make up the lost revenue and everybody wins it isn't it is no empirical evidence to support it in this country could hasn't happened okay standard deduction so this is the idea that the trump folks are saying they they have to have something in their plan that helps the middle class because that's part of the selling point and instead of really doing much on rates for the middle class what they've said is is still raise in fact double standard deduction which is another way of increasing this zero bracket meaning the bracket full at which if you're incomes below a particular level about twenty four thousand for a couple you don't you don't you don't pay any he taxes and that will take some families of of middle class incomes moderate incomes off the tax rolls and will be of benefit from them except one thing there's a small print here the people have been time overlooking yes there doubling the standard deduction but they're also getting rid of the personal exemption and this is about four thousand bucks a personal exemption per person in the tax filing unit i don't want to get into the narly bits of tax code here but if you're one of these families and we've already seen from some analysis that.