Realtors – Bourg Immobilier http://bourg-immobilier.com/ Sun, 16 Jan 2022 09:44:28 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://bourg-immobilier.com/wp-content/uploads/2021/03/default.png Realtors – Bourg Immobilier http://bourg-immobilier.com/ 32 32 HousingIQ Survey Shows Kentucky Realtors Expect Sales to Rise, Possibly Lower Prices https://bourg-immobilier.com/housingiq-survey-shows-kentucky-realtors-expect-sales-to-rise-possibly-lower-prices/ Sun, 16 Jan 2022 05:28:07 +0000 https://bourg-immobilier.com/housingiq-survey-shows-kentucky-realtors-expect-sales-to-rise-possibly-lower-prices/

According to the December 2021 edition of the Kentucky REALTORS® HousingIQ survey, the majority of Kentucky® real estate agents expect sales volume to increase over the next year, even as growth expectations for housing prices go down.

KEY POINTS

• 55% expect sales volume to increase, up two points from a year ago

• 27% anticipate an increase in foot traffic, down 14 points from a year ago

• 54% expect homes to stay on the market longer, up 27 points from a year ago

• 42% expect more price reduction from home sellers, up 20 points from a year ago

“Double-digit home price appreciation over the past 18 months is discouraging buyers. On top of that, rising, albeit historically low, mortgage rates are compounding affordability issues,” said Vidur Dhanda, author of the survey.

“Additionally, concerns about inflation and its potential impact on the overall economy are making buyers more cautious.”

In the latest issue of the Home Buying Sentiment Index, which tracks national consumer sentiment, Fannie Mae reported a record survey 26% of respondents said now was a good time to buy a home. home, compared to 56% a year ago.

According to the Mortgage Lender Sentiment Survey, consumer demand declined in the fourth quarter of 2021, and lenders expect demand to purchase mortgages to remain largely flat.

In the November 2021 survey, 36% of Kentucky® real estate agents said buyers were holding back due to concerns about the economy, with 82% saying buyers weren’t rushing to beat rising mortgage rates.

“Wage growth and continued economic recovery will support housing demand,” Dhanda said. “While low inventory and weak new construction will keep prices from falling.”

Based on monthly survey data, the HousingIQ/Kentucky REALTORS® Confidence Index provides a composite measure of expectations for the Kentucky real estate market over the next year.

The HousingIQ/Kentucky REALTORS® Confidence Index was virtually unchanged from last month at 45. A value of 100 corresponds to all respondents agreeing that market conditions will improve, while 50 corresponds to respondents who do not. anticipate no change in market conditions. The Price Expectations and Purchasing Power sub-indices were also unchanged from last month. The Homeowner Stress sub-index continued to improve to close the month at 69. The overall index is down two points from a year ago and price expectations are down three points. Compared to a year ago, purchasing power has jumped 14 points and owner stress has improved by 12 points.

The results indicate a market where demand is weakening and the lack of supply will prevent prices from falling. The survey results are available here.

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Westin Princeville collects over 3,000 books; Kaua’i Board of Realtors Contributes to KIFB https://bourg-immobilier.com/westin-princeville-collects-over-3000-books-kauai-board-of-realtors-contributes-to-kifb/ Fri, 14 Jan 2022 10:05:00 +0000 https://bourg-immobilier.com/westin-princeville-collects-over-3000-books-kauai-board-of-realtors-contributes-to-kifb/

LIHU’E – Members of the Westin Princeville Ocean Resort Villas surpassed their goal by raising 3,068 pounds of food which was donated to the Kaua’i Independent Food Bank, the resort’s Julie Pavao announced.

“Kaua’i Independent Food Bank conducted three food drives,” Pavao said in an email. “Each pickup contained over 1,000 pounds of food.”

The Westin Princeville food drive was conducted as part of The Harvest for Hunger program with Marriott Vacations Worldwide which is committed to fighting hunger through its annual food drive.

Running from November 1 through December 31, the initiative encourages Associates, Owners and Guests of participating resorts, as well as Marriott Vacations Worldwide offices to share in the spirit of the holiday season by contributing food not perishables for the benefit of local food banks.

“Marc Walz, General Manager of The Westin Princeville Ocean Resort Villas, is very proud of all of our associates, owners and guests for their generosity and efforts to give back to our Kaua’i community,” said Pavao. “This year’s donations for The Westin Princeville totaled 3,068 pounds, doubling its ambitious goal of donating 1,500 pounds of food.”

Affiliate Realtor Donna King and new Kaua’i Realtors Association Director Nani Sadora reviewed the $30,150 contribution to the Independent Food Bank of Kaua’i at the annual meeting on Thursday. of KBR members held at the Timbers Resort.

Sadora said the total contribution was the result of the KIFB virtual food box drive which was conducted in November and presented at the annual members meeting.

“We were aiming to raise $30,000,” Sadora said. “We are thrilled that KBR Members and Affiliates surpassed this goal by raising $30,150.”

Affiliate estate agent King was also delighted that this year’s total exceeded the amounts raised in previous campaigns.

“We needed an event for our annual members meeting,” King said. “The Virtual Food Box Drive was a collaborative effort between Rowena Cobb, recently retired from KIFB, Toni Ishimoto from KBR, and myself. The first year we raised a little money, and the second year, a little This is our third year of hosting the Virtual Food Box, and KBR members and affiliates have given so much. It’s such a great feeling to be part of it.

Kelvin Moniz, thinking of the generous contributions from the Westin Princeville and the Kaua’i Boiard of Realtors, was thrilled with the efforts.

“The Virtual Food Box is something we put together from the generous donations we receive from the community,” Moniz said. “The virtual box will feed a family of four for a week. People donate to keep the box going at $50 per box. Realtors are our eyes and ears in the community. As they go about their business in different neighborhoods and communities, they encounter people who need food bank services. They can let us know, we will set up a box, or boxes if there are several families, and the estate agent comes, collects the boxes and makes the deliveries, thus preserving the dignity of the family.

Moniz said it was very similar to the emergency unfolding in the Waimea Valley after the recent rockfall.

The county reports that a coordinated food distribution will take place on Friday through the collaborative efforts of the Kekaha Ag Association, E Ola Mau Na Leo O Kekaha, Hawai’i Foodbank Kaua’i, Kumano I Ke Ala, the Kaua’i Island Utility Cooperative, Chad Buck of Hawai’i Foodservice Alliance, West Kaua’i Hongwanji Waimea Temple, West Kaua’i Christian Center, County Officials including Councilors Billy DeCosta, Council Chairman Arryl Kaneshiro, Hawai’i i Community Foundation, Kamehameha Schools, Vandersloot Foundation, Nourish Kaua’i, Waimea High School, Senate Speaker Ron Kouchi, ‘Aina Ho’okupu O Kilauea, the State Department of Lands and Natural Resources, as well as local farmers and fishermen.

“We’re getting phone calls from Waimea about people’s concern about food for stranded families,” Moniz said. “We define the callers’ needs and they come to pick up at our warehouse. They are our eyes and our ears. We need more eyes and ears.

A similar situation is the efforts of the Spam Musubi Truck to try to feed the keiki during the winter holidays when, without the benefit of having school in session, the keiki might go hungry.

“And, we have the weekly Wednesday food distribution where we regularly serve over 50 families every week from 10:30 a.m. to 1 p.m.,” Moniz said. “We have something for anyone who is hungry.”

]]> Built in 1700, Osborn-Clark Farm is the oldest house of the week https://bourg-immobilier.com/built-in-1700-osborn-clark-farm-is-the-oldest-house-of-the-week/ Tue, 11 Jan 2022 20:47:18 +0000 https://bourg-immobilier.com/built-in-1700-osborn-clark-farm-is-the-oldest-house-of-the-week/ Known as the Osborn-Clark Farm and built in 1700, this charming colonial settlement has received glorious updates, while keeping its crucial ancient elements firmly anchored in history.

Other vintage beauties hitting the market this week include a 200-acre turnkey Massachusetts farmhouse from 1750 and an elegant Philadelphia townhouse from 1752 that will leave you hungry.

Scroll down for a full rundown of all of this week’s oldest homes.

Price: $ 775,000
Year Built – 1700
Osborn-Clark Farm: Modern renovations and updates are taking place throughout this colonial farmhouse.

Additions in the early 20th century created the current four-bedroom, 4,124 square foot residence. Three stairs lead to three separate bedrooms upstairs, and the center of the house is the large kitchen and dining area downstairs.

Many original details remain, including large pine floors, exposed beams and an open fireplace. The 1.29 acre property is lined with stone walls and within walking distance to downtown and the library.

Price: $ 1,850,000
Year of construction: 1720
Ashley Manor: Spanning 2 acres that have been professionally landscaped, this property features a historic six bedroom mansion.

Inside you’ll find formal dining and living spaces, a library, and eight fireplaces. The property also includes a tennis court and a one-bedroom guest storage room.

51 Phillips Hill Road, New City, NY

Price: $ 799,000
Year of construction: 1740
Colonial city center: This tall, brick-built beauty needs a little love, but the location – on just over half an acre in the center of town – can’t be beat.

The five-bedroom Colonial has five bedrooms over three and a half floors. It includes historical features such as seven working fireplaces and an original turned wooden staircase. A boiler and hot water tank were recently installed, and details in the ad indicate the roof is in “decent condition”.

New Town, NY

(Realtor.com)


Price: $ 895,000
Year of construction: 1748
Chester County Farm: Set on 10.7 acres of countryside, this three bedroom home sits at the end of a quarter mile long road.

It features original hardwood floors of random width, a walkout basement with dog kennels and a natural spring. Surrounded by forest, the property also shares access to the pond with the neighbors.

Ready for a renovation, this property could be resurrected into a modern country retreat with solid historic roots and character.

Birchrunville, Pennsylvania
Birchrunville, Pennsylvania

(Realtor.com)


Price: $ 699,999
Year of construction: 1750
Woodhull / Tyler House: This country charmer sits on a full acre in the city’s historic district.

There is a three bedroom main house, an unfinished cottage, as well as timber from a 200 year old barn, which was ‘destroyed by a storm’.

The house has three wood-burning fireplaces, broad-plank pine floors and an antique freestanding bathtub. The roof, electrical service and kitchen appliances are all new.

Setauket East, NY
Setauket East, NY

(Realtor.com)


Price: $ 425,500
Year of construction: 1750
Charming antiquity: This small property includes a small barn and an enclosure, as well as a two bedroom house ready for a new start, having had the same owner for 30 years.

For an entrepreneurial buyer, property also comes with the opportunity to operate a commercial business.

Greenland, NH
Greenland, NH

(Realtor.com)


Price: $ 270,000
Year of construction: 1750
Charmer of Coventryville: Deep windows, random width hardwood floors, curved staircases, solid wood doors, and exposed stone walls are just a few of the reminders of this home’s rich history.

The lovely, two-bedroom, 936-square-foot home has received a number of recent updates and is located close to suburban routes in a desirable school district.

Pottstown, Pennsylvania
Pottstown, Pennsylvania

(Realtor.com)


Price: $ 999,000
Year of construction: 1750
Constitutional Hill Farm: Surrounded by spectacular views, open meadows and the Berkshire Natural Resources Constitution Hill Trail, this 196 acre farmhouse features a three bedroom main house.

There is also a one bedroom, one bathroom apartment located above the attached garage. Fences, a dairy barn and a large hay barn make this a true New England farm.

Lanesborough, MA
Lanesborough, MA

(Realtor.com)


Price: $ 2,999,500
Year of construction: 1752
Townhouse in Philadelphia: Original details like crown moldings and wainscoting are mixed with thoughtful modern updates in this Philly special.

This six-bedroom, 5,946-square-foot townhouse is in the heart of Rittenhouse Square and features a custom kitchen. There is also a rear unit, which could be used as a rental.

The sale of the house is accompanied by a permit to add a roof terrace, for spectacular views of the city.

Philadelphia, Pennsylvania
Philadelphia, Pennsylvania

(Realtor.com)


Price: $ 135,000
Year of construction: 1760
As is, in cash only: This four bedroom farmhouse is, even in the most charitable terms, a mess.

As the listing details indicate, the house has a lot of square footage which means there is a lot of work to be done. Whether the new owner is embarking on a major teardown or renovation, this is a total overhaul situation.

Telford, Pennsylvania
Telford, Pennsylvania

(Realtor.com)

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Local Real Estate Agent Achieves SRES Designation | News from local businesses https://bourg-immobilier.com/local-real-estate-agent-achieves-sres-designation-news-from-local-businesses/ Sun, 09 Jan 2022 12:30:00 +0000 https://bourg-immobilier.com/local-real-estate-agent-achieves-sres-designation-news-from-local-businesses/

HICKORY – Robin Whitener, of Realty Executives of Hickory and Lake Norman, has been awarded the title of Nationally Recognized Senior Real Estate Specialist by the SRES Council of the National Association of Realtors.

Whitener joins more than 15,000 real estate professionals in North America who have achieved the SRES designation. All were required to pass a comprehensive course on understanding the needs, considerations and goals of real estate buyers and sellers aged 55 and over.

Working with seniors to meet their housing needs requires a thorough understanding of their lifestyle and financial needs, and the SRES designation means that a real estate agent has that understanding. Whether buying, selling, moving, or refinancing, seniors can be confident that a real estate agent with their SRES designation will be able to help them every step of the way.

The SRES Council, founded in 2007, is the world’s largest association of real estate professionals focusing specifically on representing senior clients in real estate transactions. The organization has more than 15,000 active members around the world.

The National Association of Real Estate Agents represents over 1.4 million members involved in all aspects of the residential and commercial real estate industries.

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Realtors slam Realogy’s call to end NAR participation rule https://bourg-immobilier.com/realtors-slam-realogys-call-to-end-nar-participation-rule/ Fri, 07 Jan 2022 18:33:56 +0000 https://bourg-immobilier.com/realtors-slam-realogys-call-to-end-nar-participation-rule/

A day after Realogy publicly called on the National Association of Realtors to end mandatory commission sharing, realtors spoke out on the state-owned real estate company‘s position, saying they feared the possibility of collapsing. withdrawing can confuse consumers, threaten buying agents or, worse yet, open the door to increased competition from search portals like Zillow and Redfin.

“Cooperation was the original premise of MLS,” Rhode Island-based broker-owner Greg Dantas wrote in a comment under the original Inman Jan.6 article on Friday. “Otherwise, it’s a portal and it’s Zillow’s game, set, match.”

The fury over commission sharing comes a day after Realogy wrote the final chapter in a nearly three-year legal saga about buying commissions and who should be responsible for paying them.

In an unsealed legal file, and then in an interview with Inman, the president and CEO of the Realogy brokerage group, Mr. Ryan Gorman, said the company believed the National Association of Realtors co-op pay rule should be amended to make compensation offers on multiple listings of listing services optional. rather than mandatory.

“The best thing for a seller in any event I can imagine is to offer compensation for the good job the buyers’ agents will do in getting a buyer to facilitate the transaction,” Gorman told Inman Thursday. “I think there is huge evidence to support it and the market will continue to support it. There is no reason why an offer of compensation should be a mandatory requirement for a home to be listed in MLS.

“So this is really just the mandatory part of listing a house in MLS that we say unnecessary. “

Gorman also said MLS should “continue to offer a data field for compensation, but should not require it to be filled in for a home to be listed” and Realogy “was not asking that the rule be made optional. for MLS, which would allow MLS to continue to make the offering of commissions to buying brokers a requirement at their discretion. “

Agents and brokers responded forcefully on Friday, with many rebuffing Gorman’s claim that the market “would continue to prevail” if the commission-sharing requirement was removed.

“[The] the article should say, “Realogy and Gorman are loading Zillow shares into their retirement accounts,” Dantas wrote. “[I’m] kidding obviously, but cooperation was the original premise of MLS. Otherwise, it’s a portal and it’s Zillow’s game, set, match.

While Dantas focused on what removing the commission-sharing requirement might mean for MLS, several other agents focused on what Realogy’s proposal would mean for buyers’ agents, who already believe they are getting the short term of the stick when it comes to commission splits.

“What Gorman is presenting is the WORST of both worlds,” said Illinois-based agent Jeffrey Olichwier. “It will make things more confusing for the consumer. This will make the job of buying broker representatives more difficult. Buy brokers already receive poor commission allocations – and these cannot be negotiated by the buyer. “

Meanwhile, Florida-based agent Laura Michelis took it a step further and said this type of system could make buyers’ agents obsolete.

“Asking the buyer to pay the buyer’s agent commission will cause many buyers to go directly to the listing agent and not to use a buyer’s agent,” Michelis said. “Little by little, buying agents will be non-existent, and MLS will be just a portal.

Others said buyer’s agents wouldn’t be the only ones stiffened if NAR implemented Realogy’s buyers commission plan. Buyers, especially low-income people, minorities or first-time buyers, could be permanently excluded from the housing market, as many are already struggling to save for down payments and other purchase costs.

“A lot of my buyers already need help with the down payment,” said Gerald Walsh, Minnesota-based agent. “Under no circumstances can they afford buyer-agent commissions outside of the transaction. They are great people who dream of the opportunity to buy a house. This change could eliminate home ownership for hundreds of thousands of people.

South Carolina-based broker Dan Lang highlighted the precarious position in which buyers of VA loans, the use of which increased by 100% or more in 28 of the nation’s largest cities in 2020, would be placed if the offers of compensation became optional.

“Regarding. If this is implemented, VA buyers, in particular, will be forced to work with the listing broker with limited or no representation, as they may not be charged a brokerage fee by a buyers agent in accordance with VA guidelines, “he explained.” The FHA and other low down payment buyers will also be adversely affected. We now have buyer representation due to previous class actions where buyers were not not shown.

While some agents said the current rule should just stay in place, several said there may be other ways – besides Realogy – to make the commission process more transparent and understandable to consumers. .

“I am all for awareness and transparency,” said Olichwier. “I’m all for letting people know what they’re paying for. I would be happy if the compensation was totally separate. The seller pays the listing broker and the buyer pays the representative of the buying broker. Then it is clear who pays who and how much. It should then be incorporated into the mortgage, as it is now. “

“Then it eliminates the misallocation of commissions,” he added. “Everyone is paid by the people they represent what they think they are worth. “

Meanwhile, Pennsylvania-based agent John Rainville said MLS could clear some of the confusion about commissions with a database of buyers agency contracts. “The real item MLS needs to do is have a database of ‘buyer’s agency contracts’ that are searchable so that realtors can ‘see’ if a buyer is already on ‘deal’, just like a property list, ”he said. “I see no problem with the costs going to who actually pays them. “

The battle over buying commissions is far from over, with NAR approving several multiple listing service policy proposals in November, one of which requires MLS to allow brokers and agents to display brokerage commissions. buyers. “[The proposal] enhances transparency and the existing obligations and practices of real estate agents to discuss with their clients the services they provide and how they are remunerated, ”NAR said of the new policies.

As NAR continues to grapple with antitrust issues and the bomb buying commission trial, known as Moehrl and Sitzer, enters its third year, it’s unclear how the battle over commissions will go. unfold. Until then, Agent Phillip Cantrell has said agents need to focus on surviving in a shrewd real estate landscape where anyone could be right on target.

“They are classic co-defendants who try to distance themselves from others. Depending on what happens in the discovery, you may see a complete turnaround against each other and possibly counter complaints, ”he said. “For over 25 years, it’s been fun, and now, all of a sudden, it’s not. Hmmm. “

“I’m just sitting here popping the popcorn getting ready for the show,” he added. “Every man for himself, I guess.”

Send an email to Marian McPherson

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Thousands of South Florida tenants threatened with eviction – CBS Miami https://bourg-immobilier.com/thousands-of-south-florida-tenants-threatened-with-eviction-cbs-miami/ Tue, 04 Jan 2022 22:34:26 +0000 https://bourg-immobilier.com/thousands-of-south-florida-tenants-threatened-with-eviction-cbs-miami/

MIAMI (CBSMiami) – As the housing market continues to grow, thousands of people in South Florida face eviction threats. Realtors say some landlords make unethical and sometimes illegal decisions.

“People who have lived in their house 15 years, 20 years, now they are told that you have 30 days to move,” says Rosa Decarlo, real estate agent at Keller Williams Realty Partners SW.

READ MORE: Starbucks employees must be vaccinated against COVID

Every day people are evicted so that the owners can sell while the market is warm. 30 days’ notice to vacate your home is legal, but some landlords push tenants out much faster. Raymond Henry, a tenant in Little Haiti, only received three days’ notice.

“They want to fry me and get me out of here,” Henry said.

Raymond is a single father of three. He repairs motorcycles and cars for a living and is a musician in his spare time.

Just before Christmas he received an eviction notice.

“I have the anxiety of having to go out every day and work .. coming home to make sure no one is trying to get in,” says Henry.

When COVID hit, Ray applied for Our Florida; the rent assistance granted to him. They paid the landlord several months’ rent, but soon after, the landlord sold the property to a new owner and kept the money.

“Took the payments and ran and never gave the payments to the new owner, which he was supposed to do. So the new owner kicked him out. I gave him 3 days notice just before the holidays, ”Decarlo says.

Since then, Ray has been in and out of court to fight the eviction. The court ruled in his favor. His current owner has been paid, but the fight to oust him and his family continues.

“They’ve already made it clear that they don’t want government money; they don’t want my money. They don’t want nothing to do with me. Now, have I done something wrong? »Asks Henri.

“It’s the Wild West out there right now,” Decarlo says.

Decarlo says people are evicted every day as owners rush to sell their property.

“Very easily, I hear about it 10 times a day, I listen to people’s stories. You have several open offers for rental and sale. It’s just a bidding war all the time, ”explains Decarlo.

Ray thinks that’s why his owner is trying to push his family out.

“I think they will try to double the rent,” he says.

READ MORE: Miami-Dade Mayor Daniella Levine Cava backs Annette Taddeo as governor

According to RealPage, a real estate data analysis company, rents for professionally managed apartments rose 10.3% in the third quarter of 2021. If landlords have rights, so do tenants.

“You have the right to be informed when there are intentions to sell the house. You have the right to at least 30 days’ notice, ”explains Decarlo.

Ray and his family are still in limbo with more court dates ahead of them. As their battle for safe housing continues, Ray remains positive for his children and does all he can to keep a roof over their heads.

“It makes me want to fight. It is my job as a parent to protect my children, ”he says.

Decarlo says if you rent or buy, there is still very little inventory in South Florida, making it difficult for so many families facing eviction. If you are in a similar situation, remember that you have rights as a tenant.

Here are some useful links to find out about these rights.

Landlord / Tenant Law in Florida

Rights, laws and protections of local tenants.

Miami Tenants Union

Community justice project

Emergency rental program 2.4

Emergency rental assistance program

Emergency rental assistance program in Broward

Helping Floridians get back on their feet

NO MORE NEWS: Nearly 7,000 COVID-19 hospital patients

Help Florida recover and rebuild after COVID-19 public health emergency | Our Florida, for any questions about the program, call 833.493.0594, 7 days a week, 7 a.m. to 6 p.m. www.ourflorida.com.

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Black homeownership in RI is as low as it was in the 1960s https://bourg-immobilier.com/black-homeownership-in-ri-is-as-low-as-it-was-in-the-1960s/ Sun, 02 Jan 2022 12:22:15 +0000 https://bourg-immobilier.com/black-homeownership-in-ri-is-as-low-as-it-was-in-the-1960s/

Sunday 02 January 2022

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PHOTO: file

Soaring house prices are quickly creating wealth for Rhode Island homeowners and increasingly lagging non-homeowners.

The percentage of blacks who own a home in Rhode Island is now as low as it was in the early 1960s.

A Rhode Island resident calling for action to improve black homeownership rates is not your usual advocate.

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Nelson Taylor of Mott & Chace Sotheby’s International, one of the state’s leading high-end real estate groups, calls attention to the problem and calls for change.

“It’s amazing to me that black homeownership is at an all-time low. it is shameful. You know systemic racism is a factor. They never had the same opportunities as white Americans, ”Taylor said on GoLocal LIVE.

In Rhode Island, only 6% of homes are owned by black households. And becoming a new owner is getting harder and harder as home prices continue to rise. The median price of a single-family home is now $ 375,000 in Rhode Island.

The numbers are not improving despite the perception that economic opportunities for blacks have improved over the past 60 years.

Homeownership for blacks was at the same level as before the federal Civil Rights Act was passed, redlining was rife, and housing rights laws were non-existent.

“In fact, over the past 15 years, black homeownership has experienced the most dramatic decline of any racial or ethnic group, and the black homeownership rate in 2019 is fell to almost as low as it was when discrimination was legal, ”according to the National Coalition for Community Reinvestment (NCRC).

Homeownership generates wealth

In 2019, homeowners in the United States had a median net worth of $ 255,000, while renters had a net worth of just $ 6,300. That’s a 40-fold difference between the two groups, according to the Survey of Consumer Finances, released in September 2020 by the Federal Reserve.

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PHOTO: file

Nationally and locally – Black home ownership is on the decline

In the second quarter of 2019, the black homeownership rate fell to 40.6%, down seven percentage points from about a decade earlier. It now hovers closer to 44%, while White’s possession rate is much higher (around 74%).

Home ownership by blacks has declined significantly in recent years. The rate rose from 41.9% in 1995 to 49.4% in 2004, an increase of 7.5 percentage points, but never in history have 50% of black households owned a home.

By comparison, 74% of white households own a home.

The NCRC is calling for a 20-year effort to push the percentage of black households that own a home to 60%.

Need to build the number of black real estate agents

“The black community was hit very hard in the 2008 crash – another reminder that it potentially cannot be trusted in the real estate world, but as we know real estate is the great equalizer. Real estate is one of the greatest factors in personal and community stability and it is also one of the greatest factors in generational wealth creation, ”said Taylor.

He says the lack of black real estate agents is a major problem and calls for change.

“Black people need more professionals in the housing world that they can trust. The number of black real estate agents in this country as a percentage is almost less than half the percentage of black people in this country,” said Taylor.

Taylor said real estate companies need to push to recruit and train more black people to join the ranks of companies like his and hopes other real estate companies will join them and work to improve the numbers.

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LexLand Realty is Tampa, FL’s most trusted real estate agents https://bourg-immobilier.com/lexland-realty-is-tampa-fls-most-trusted-real-estate-agents/ Fri, 31 Dec 2021 19:45:40 +0000 https://bourg-immobilier.com/lexland-realty-is-tampa-fls-most-trusted-real-estate-agents/

LexLand Realty is Tampa’s # 1 Real Estate Broker Choice

The real estate market can be a daunting place for first-time buyers. There are many factors to consider, and today’s customers don’t have the time to weigh all the possible pros and cons of a real estate purchase. This is where a real estate agent comes in. Reliable and knowledgeable real estate agents can take much of the uncertainty out of the process. However, not all real estate agents have the greatest of reputations, which makes it difficult to decide who to go with. LexLand Realty has built a reputation for fairness and hard work. Their forward thinking vision and willingness to share value with clients make them the best choice for the Tampa real estate market. A LexLand real estate agent is not your average real estate agent. In fact, LexLand Realty is standardizing real estate agents who own property so that they can provide better leadership to their clients. Their real estate agents are skilled at finding off-market homes, creatively financing deals, and analyzing clients’ profit potential.

LexLand Realty was founded by 28-year-old African-American law student Alexis Monroe. She bought her first property, a vacant lot, for $ 2,000 and sold it for a profit of 525% just 3 weeks later. These early successes gave her the confidence that she was on the right track, and she accelerated the number of properties sold the following year. Ultimately, with these successes, Monroe made LexLand Realty the first client-focused real estate agent in Tampa, Florida. Despite these successes, Monroe’s primary focus is still giving back to her clients and fellow Realtors. She offers intensive training to real estate agents who want to help their non-traditional clients access homeownership. LexLand Reality takes a different approach to the real estate market. They put the customer first in all aspects of the process. “Our mission is to share real estate, so that everyone has the opportunity to build financial wealth through real estate,” Monroe said of LexLand’s mission.

If you are considering buying or selling a property and need assistance with services such as profitability / feasibility studies, contract negotiation, market analysis, or just general advice, please consider contact Alexis and the Lexland team today! Alexis will also be a keynote speaker at a Woman Winning Wednesdays event at Hip Hop Crab in Tampa, FL on 2/2/2022, offering advice to homebuyers, contractors, or anyone interested in learning more about the Tampa real estate market.

About Lexland Reality

LexLand Realty is a Tampa-based brokerage firm specializing in a wide variety of property types and service offerings. Luxury homes, discount homes, creative finance, off-market properties, and more are all asset classes they can help. Their main goal since their founding has been to serve the needs of the client and the community and as such, they have structured their business model in a way that benefits all stakeholders. If you want to know more, contact LexLand Realty today!

Media contact
Company Name: LexLand Realty
Contact: Alexis monroe
E-mail: Send an email
Call: (813) 530-4972
State: Florida
Country: United States
Website: https://lexlandrealty.com/

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Realtors Share Notable Offers in Record Year in Metro Vancouver https://bourg-immobilier.com/realtors-share-notable-offers-in-record-year-in-metro-vancouver/ Wed, 29 Dec 2021 22:35:00 +0000 https://bourg-immobilier.com/realtors-share-notable-offers-in-record-year-in-metro-vancouver/

As 2021 draws to a close, many home sellers, buyers and real estate agents are probably noticing what a year it has been.

As of November, cumulative sales of 117,973 properties across British Columbia have already surpassed the previous annual provincial record of 112,425 units that was set for all of 2016.

In addition, with the count for December still not being counted, sales have already exceeded transactions for the whole of 2020.

the Right interviewed real estate agents about transactions they participated in or took note of as interested market observers during the year.

Here’s what they shared.

Irene Querubin’s clients of RE / MAX Crest Realty reduced an offer and got the property anyway.

Buyers fight back

Irene Querubin of RE / MAX Crest Realty represented a husband and wife who were looking for a condo for themselves and their two young sons.

They found a two bedroom, two bathroom unit on 102 Avenue near the Guildford Mall in Surrey. The property was listed for $ 499,888. Querubin’s customers liked it so much, and knowing that they may be in a multi-buyer situation, they offered about $ 50,000 above the asking price.

About an hour after the offer deadline, the listing agent called Querubin. The agent said three offers had been received and everyone had a chance to “give it another try.”

Querubin relayed the message to his customers, and they got angry. They said they didn’t care if they got the space or not. And to prove their point, the husband and wife changed their offer and made it $ 10,000 less than they offered.

In the end, they got the property.

“I was so proud of them for firing back as buyers in this crazy seller’s market,” Querubin said.

Karen Conyers found a two-bedroom condo in White Rock for a couple with a purchase budget of $ 400,000.

Perfect for the budget

Karen Conyers of Sotheby’s International Realty worked for over a year with a married couple. His clients were first-time buyers.

A generous parental gift increased the home search budget for both husband and wife.

With a maximum budget of $ 400,000, it was quite a challenge to find something that would work. After outbidding several properties, Conyers found a two-bedroom condo at 15290 Thrift Avenue in White Rock that had been on the market for 76 days for $ 426,000.

Conyers noted that sellers, especially in a hot market, tend to be anxious when their homes don’t sell right away. She wrote an offer, including a letter explaining why the property was a perfect first home for her clients.

After careful consideration, the sellers agreed to the buyers’ price and terms.

They cut their price by $ 26,000, which is the highest budget of Conyers’ clients.

“We were able to remove the terms of the sale, and my first buyers will receive the keys to their first home on January 1, 2022,” said Conyers. “What a great way to start the year.”

Entrance to the North Burnaby townhouse complex, where a Randy Rinaldo client purchased a unit.

Equity increases

Randy Rinaldo of Rennie & Associates Realty Ltd. has entered into transactions that have allowed its clients to benefit from a rapid increase in the value of their homes as properties have increased in value.

The real estate agent spoke of a client who was looking for a townhouse to renovate in North Burnaby. He found one in a complex at 7305 Montecito Drive that overlooked a park and a school.

Rinaldo’s client liked the property and wanted to make an offer. The problem was, the sellers already had an offer they countered.

This told Rinaldo that the sellers received a lower supply than demand.

He spoke with the sellers agent and said if other buyers laughed, Rinaldo would make a good offer.

That’s exactly what happened, and Rinaldo submitted an offer totaling $ 535,000.

The offer was accepted, and while the conditions of the sale were met,

Rinaldo spoke with another real estate agent who had just listed another unit in the same complex.

The other agent’s ad ended up selling for above asking price for $ 580,000.

This property measures 1,238 square feet, or 49 square feet less than Rinaldo’s client, who paid $ 535,000. That’s a difference of $ 52.80 per square foot.

“My clients’ equity increased by $ 68,000 in just one week,” Rinaldo said. “Happy client, happy real estate agent.”

This Langley townhouse sold for $ 1,320,000, 61% more than its asking price.

Madness prototype

Adam Major of Holywell Properties can track transactions because his company also operates Zealty.ca, a real estate market information site.

Major recalls the sale by another real estate company of a two-bedroom unit in the Autumnwood townhouse complex in Langley last March for a specific reason.

Major considers the March 2021 $ 1,320,000 transaction for 29-8555 209 Street to be the “Madness Prototype of the Year.”

The Langley townhouse sold for 61 percent above the asking price. Major noted that the good thing about the property was that it was “cool half a million more than asking price.”

Also, it was 77% over estimated value and half a million dollars more than the price of any previous sale at this resort.

“In other words, the price of the property was not below the market to attract a bidding war: it was just a confluence of factors that caused huge demand and prompted someone to make a bidding war. ridiculous offer to make sure he gets the property, ”Major said.

The CEO of Zealty.ca noted that since that sale, five more units in the same complex have sold for over $ 1 million. Two of them cost over $ 1.2 million.

“But # 29 still holds the award record for Autumnwood,” Major said.

Real estate agent David Hutchinson is often asked by the media to comment on housing issues and market trends.

West End Affordability

David Hutchinson of Sutton Group – West Coast Realty represented a vendor in the West End of Vancouver. The property, located at 1534 Harwood Street, was a leasehold condominium.

In this regard, Hutchinson recalled that the Right has made a history about leasehold properties being more affordable than their fee simple counterparts.

“This is an example of affordability in one of Vancouver’s best locations,” Hutchinson said. “This unit with a great view is in an unbeatable location with an unbeatable price.”

The one bedroom condo sold for $ 360,000.

“Another cool thing about this sale is that it’s next to a real single-family home that I sold for over $ 6 million a few years ago,” Hutchinson said.

“That’s the beauty of the West End: you can buy a condo for under $ 400,000 with a neighbor for $ 6 million!”

The Orchard House, located at 1990 Fulton Avenue in West Vancouver, sold for $ 5.1 million.

View of the orchard

West Coast Modern’s Trent Rodney says million dollar views don’t just mean ocean views anymore.

Rodney noted that his boutique real estate agency, which specializes in unique homes, proved this point with its $ 5.1 million sale of the Orchard House at 1990 Fulton Avenue in West Vancouver.

He explained that the house, designed by the late architect Robert Burgers, “pollinates the architectural sensibilities of the west coast with the look of a Dutch farmhouse.”

“Boasting 22 fruit trees, including several heirloom apple varieties, it brings home the joy of summer fruit picking right in the heart of West Vancouver,” said Rodney. “It truly is a one-of-a-kind collector’s work to experience. ”

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Premier Houston Realtor covers all the bases for its clients https://bourg-immobilier.com/premier-houston-realtor-covers-all-the-bases-for-its-clients/ Mon, 27 Dec 2021 20:30:00 +0000 https://bourg-immobilier.com/premier-houston-realtor-covers-all-the-bases-for-its-clients/

Resident of River Oaks and West University communities for over 25 years, real estate agent Sherri Hugues is more than familiar with Houston’s premier neighborhoods.

Although she specializes in River Oaks, West University, Southside Place, Southampton, Southgate, Braeswood and Bellaire, Sherri is very comfortable working in all areas of the city.

Although Sherri has helped clients buy and sell for the past decade, most recently at Martha Turner Sotheby’s International Realty, she also has a background in finance and accounting for the oil and gas industry. Her unique background, combined with her strong work ethic and attention to detail, has always made her a top producer.

Sherri also understands the importance of giving back to her community – her past and present volunteer efforts include Episcopal High School, Lamar High School, River Oaks Baptist School, Zoo Friends, The National Charity League, The Houston Ballet Guild, West University Softball Association. , Lamar Baseball Booster Club and West University Little League.

She holds a Bachelor of Arts degree from Syracuse University and an MBA from Tulane University.

We spoke with Sherri to learn more about her work and what drives her.

CultureMap: What inspires you to do what you do?

Sherri Hughey: My family and my desire to set them a great example of a strong work ethic and the importance of service to others.

CM: What advice would you give to people looking for their dream home?

SH: Do your own research, but also get lots of feedback and hire an experienced and engaged real estate professional to get the best result for you.

CM: And any advice for those who sell?

SH: Make sure you get maximum exposure with your marketing plan to attract the most buyers, and stage your home for maximum curb and interior appeal.

CM: Summarize Houston in three words.

SH: Dynamic, lively, cultural.

CM: What do you consider to be your “special skill”?

SH: Experience combined with a positive attitude and a relentless work ethic. Also providing customers with the best value for their buy or sell.

CM: What’s the one thing people might not know about you?

SH: I completed the Houston Marathon.

CM: Finish the sentence: “It’s a good day when …”

SH: When I can make someone smile and when my clients are getting closer to their dream home.

Learn more about Sherri Hughey here, or contact her at 713-858-7170 or sherri.hughey@sir.com.

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