17 Burst results for "national association of realtors"
"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 KNX 1070 NEWSRADIO
"While you're tranquil looks like some of the realtors are feeling like the Maytag repairman these days and not too much activity, pending home sales tumbled to the lowest in nearly five years in December. According to the national association. Realtors were there pending home sales index out this morning. It looks like nine point eight percent lower compared to a year ago and working the twelve th straight month of annual declines, according to the realtor's group, they cite the stock market correction in December high home prices affordability big issue here in southern California mortgage rates taking higher over the past year, lean inventory, and even the government shutdown as reasons for the drop in pending home sales on the job front. The economy added two hundred thirteen thousand private sector jobs in January, according to the private ADP survey out this morning. We'll be getting the jobs report from the Labor Department for the month of January coming up this Friday right now, the Dow is higher by two hundred eighty points. Nasdaq up sixty and the s&p five hundred fourteen the latest earnings news, helping you propel things higher Boeing an apple getting a lift we check the money appointing fifty each our next update at eight twenty Frank Motech from the HMO's capital money desk. KNX ten seventy NewsRadio students found with a fully automatic assault rifle at a college told lease he doesn't like laws more coming up in less than ninety seconds at seven fifty one. So the IRS is back up and running. I you still have knowing all those letters that they've been sending you reality of this the IRS doesn't threaten people if they say they're gonna do something they're going to do it. And if you thought it was hard to get the IRS on the phone before they're now going to be dealing with millions of people calling all at once, a what are you going to do when they clean out your Bank account, or.
"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 KSFO-AM
"You may call, or text, got a text from Bill says hey I listened to the program on k. l. a. and, Centralia Washington and they're. Delay broadcasting your show by a week that happens from, time, to, time, depending, upon, local, radio. Stations specific needs and concerns and we understand that And, he said I'd like to ask a question live well Bill you're texting that's one. Way but remember we have the on the house home improvement hotline which goes. Twenty four, seven, three sixty five eight hundred seven three seven two four seven four caller text will reach out to you and we'll get you on the air so we're not going to let, a delay between us. And home improvement success In the meantime blow up their inbox right got a text from John Who, is. In seaside and John says I'm listening on your website I talked to you guys quiet a while back about fixing a mold and. Wish problem my bathroom at one point you told me that someone? In, your family was having a baby yes that's my daughter and son-in-law and my granddaughter Adeline who recently turned five. Months old. And she's doing, just great thank you and John continues I. Told you that my wife is expecting you told me to send. You a photo of a beautiful child so you may see her and he writes that I, hope your your grandchild is doing well. And here's a photo of my daughter I'd like to share it with you And she's. She's just a doll look at that Beautiful Yeah So she's a, doll and he goes on to, say by the, way the moisture control switch works. Wonderfully he, said I do have a question. Morris I have all stickers on my wall for my daughter that I would like to. Keep There, is there a special sealant or. Something I can get to paint on the wall that will keep the stickers on forever You you're you're stickers Something that would prevent, stickers from coming off, like, maybe a Maybe talking about little kids stickers. On the, wall and he wants to keep, them there forever a painter a sealer just, put a nail Not You know the. Thing is that anything that you use to a, fixed the stickers to the wall could be very difficult to remove later like. Wallpaper. Exactly I check with the local paint. Store there are clear sealers that you can use what you're nothing more than latex, clear But again when you do that when you put them on like that Really You're getting into a an area where later to remove them Did you Wants to. Remove. Them right I. Know that Okay but that's for now, okay, okay, eight hundred seven three seven two four seven four to the phones, we. Go and Nancy Hey yo. Nancy how you doing I'm doing really well but boy. I, should, have, sold my house Thirty years ago Why nancy Why do, you, say well let's let me count. The way One should? Never, outlive the roof of their house Oh yeah Oh, yeah One should never outlive the gutters. On, house yeah once you've never outlive all. The, appliances Not have Duplicate, swimming pools Three tasks is to to many Yes oh yes Stupid. And stubborn No we like you already Well, you're tired of it You're part of my problem. You have over the years you have helped me fix things, when, he should have said You've been there how long In nineteen seventy The house in nineteen seventy We've extinguished with the house at about nineteen seventy or So that's twenty six eighteen that's forty four years Yeah doing. Some quick math and you have replaced the roof you have replaced. The gutters and of course. We all know that A. Roof, is the largest single non elective home improvement that most. Homeowners will make in their. Lifetime and it, can be pretty pricey And then when you add gutters Yes Mistakes on the? Wrist The first one was not my fault I Don ceramic tile roofs And I live in a neighborhood used to have seen on and the As the non Non schooled On that board That we all, have, would say Chris and I said Fire area shake this and they said bad you get. A witch. Sake with sacred when that this war. Out thank God we didn't. Have a fire last. Year we lost a half anyway we didn't have it then I had, to, replace the risk And I couldn't put on Ceramic tile roofs because the house This being ceiling it's not, it's. Not designed to hold right right Yes So I had to buy a, composition which, I Absolutely hate because, when one looks at my house. From this street you see a lot, of lists Yeah Interesting that you raise that point that for people understand that you can't have just any roof that you, want and especially you with an open beam. Ceiling a lot of people could go in and do some structural support that would allow them to have a heavier, rough but in your. Case You. Haven't exposed beam ceiling and that's a different animal? So you, kinda have to go with something that. Your structure will support and of course we, know that the asphalt? Is as far as materials go is among the lighter products but okay a couple of questions before we before we go one so how long should one, live in their home it apparently it's before everything begins to wear out so if you had to pick a number. What would you say Two numbers my father always houses set, five years around okay You don't. Want, anything. To break I give it more like maybe twelve okay, twelve and. About that time to replace your clients is. Okay You're going to sell you might as well replaced him and update your kitchen and sell at that point you. Are a d. o. double. L. and you are in. Our, drawing at the end of. The hour for an autographed copy. Of our book it's home maintenance for. Dummies, don't. Take the title personally no don't at the second edition So good to hear from you Nancy. Boy she was means we. Didn't get it right the. First, time isn't that the truth Do you do. You want to weigh in according to? The national association realtors there's, an average amount of time a homeowner, stays in, a house can you tell us what, that is, we've got a book also. When is.
"national association realtors" Discussed on BizTalk Radio
"Out whether or not you're in a. Seller's market in your area chances are probably ninety ninety five percents that you are because that's just where we are in, this country right now but in. General now. Is a great time to be selling because houses are strong strong demand and there's not enough. Inventory to meet all intimidating it's wonderful news it's? Very, positive whether you're. Fire or, your if, you're a buyer yet can be. A little you gotta kick, it in gear a little faster you want to get sooner rather than later. But. When it comes to all this news out there that thinking oh after now I have. To get in and. The number one, thing. To do is, just get yourself a good realtor yourself Good realtor to work like a rented mule Rented meal Now another reason for thinking about getting into the real estate market now is there was a, survey run and this began comes through the national. Association realtor they do, good ones but just lots and lots and lots of good information happening the real. Estate market this survey asked a cross section. Of Americans what is the best? Investment? Available now is it real estate is the stock market is a Golders and putting your money in a. Savings account very good for the fifth year in. A. Row okay real estate came out on I've loved that thirty four percent of the people who are asked said real estate is the best investment available right now and you know why I love those kind. Of numbers. Because when it's realistic I mean gold all of these other things are great investments depending on where you are in the economy where the world is at the moment but when you invest in gold that's great gold. When you invest. In. Real, estate and you find that that's the top number one. Investment, right now that's great news for like the home depots out there for the realtors out there for, the lawn care experts out there for the for. The nearby schools that, are benefiting from an uptake in their population everything else there's such fantastic energy around. Home ownership homeselling just the realty market in. In general for that to be? Your? Top investment right now speaks volumes about the ripple effects that's going to have any kind of an economy. It's good stuff yes indeed thirty four percent said. Real. Estate was the best investment The stock market seventeen percents still said golden fifteen? Percent savings account I like that well.
"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.