“They just don’t make ‘em like they used to.” We’re all familiar with this phrase, often uttered by people lamenting the lack of quality and durability of new things, whether it be a car, a set of tools, a kitchen appliance or even a home.
The chief economist for the National Association of Realtors spoke to the 2013 Residential Real Estate Summit organized by the Memphis Area Association of Realtors and by Shelby County Trustee David Lenoir.
In normal times, there is a clear seasonal pattern for inventory, with the low point for inventory in late December or early January, and then peaking in mid-to-late summer.
All my curated real estate links are archived at http://delicious.com/joespake/realestate. What are your thoughts? If you are interested in one of these stories, start a conversation in the comments section below.
States do not require membership in the National Association of Realtors in order to be licensed to sell real estate; however, most real estate professionals you encounter are Realtors, affiliated through their local, state and national Realtor associations. The Realtor Code of Ethics is what separates Realtors from other real estate professionals and holds them to a higher standard.
Since this is the 100th anniversary of the Realtor Code of Ethics, I am starting a series on the articles of the code, not only as a reminder to myself, but also to educate and advise the public, and maybe prompt some of my colleagues to read and re-commit to adhering to the Code also. The articles of the Code are descriptions of how Realtors should act, not just suggestions.
The Code consists of 17 articles, broken into 3 divisions: Duties to Clients and Customers, Duties to the Public, and Duties to Realtors. Over the years new articles have been added as well as Standards of Practice to further clarify the Articles. You can download the entire document, including standards of practice, HERE. [click to continue…]
I have read a lot of commentary lately about the Broker-centric versus the Agent-centric model of real estate business management. Here’s a pretty strong example of the Broker-centric management. [Caution: NSFW - Strong Language]
I wonder how differently real estate agents would behave if offices were managed like this, and how profits we be affected for both agents and brokers.
Memphis real estate sales continued to show improvement in February. The Memphis Area Association of Realtors (MAAR) home sales report for February shows a very slight decrease in unit sales year-over-year for February, 2013, but year-to-date unit sales are up 22% through February with a total of 2199 closings in 2013 in Shelby, Tipton and [...]
RE Buzz – last week’s best real estate stories: Bob Vila’s 5 ‘Must-Do’ Tasks for March Real-estate scams are a big boomer complaint – Jeanette Pavini's Buyer Beware – MarketWatch "According to the Federal Trade Commission, real estate and mortgage issues were both in the top 25 categories of complaints for 2011 and 2012. And [...]
Have 2 Minutes? Check Out Who Has Access to Your Social Media Accounts Definitely worth 2 minutes! 10 Ways to Trade Your Old Electronics for Cash – via Mashable Do you have a drawer full of old electronic stuff, too? How to Access the Best New Features in Google Analytics ~ via Mashable Why the [...]
More homes purchased with cash: Campbell/Inside Mortgage Finance Proposed bill would allow principal write-downs in bankruptcy courts Median House Prices, 1970-2011… in GOLD If you had bought that house with gold. NAR Sales Data Continues to be Wrong The National Association of Realtors can’t seem to stop inflating housing sales numbers. Remember all real estate [...]
REO rental program to capture 20% of foreclosure pipeline Foreclosures 2005-2011 Don’t Confuse “Value” with “Sellability” Your home’s “value” may not relate to what you can sell it for. Another Fatality Of The Housing Bust– Mansions In The Middle Of Nowhere Bernanke says lack of down payment, job concerns hurt housing BofA Accused of Discriminating [...]
Unit sales up The Memphis real estate community is crowing about the sales increases thus far this year. February’s sales report furnished by the Memphis Area Association of Realtors, and based on recorded sales in Shelby, Fayette, and Tipton Counties, showed a significant increase in units sold vs. 2011 sales. February sales were up 31.6% [...]