Have you signed up for REALTORS® Conference & Expo 2016?
What’s the secret to earning more money in real estate? Attending the 2016 REALTORS® Conference & Expo, Nov. 4-7 in Orlando, FL. Attendees make two times the average real estate income, so you’ll have the chance to network with some of the most successful pros in the industry. Additionally, the median reported income level for attendees eclipsed the six-figure mark in 2015.
More than 19,000 attendees are expected for the annual event, which will host 400 exhibitors and 100 education sessions. Click here to register today.
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Realtor.com economist forecasts bright future
Second housing bubble unlikely in Nevada given strength of recent mortgages issued
Earlier this summer, realtor.com’s Chief Economist Jonathan Smoke got a chance to talk about the nation’s housing market after serving as the key-note speaker during the inaugural REALTOR® Communication Directors Summit in Miami. His message offered a bright outlook for REALTORS® as well as their buyers and sellers.
Smoke emphasized that the summer months highlight the real estate market’s buying season, noting more than half of all annual sales occur between May and August. Smoke referred to the current warm months as the “Summer of Love,” largely due to low interest rates, hovering in the mid 3s. In fact, Smoke wondered aloud if interest rates would drop below 3 percent at any point in the coming months or year.
Click here to read the complete story.
Stacking Up: Nevada eclipses national average for REALTOR® designations earned
There is growing sentiment that becoming a REALTOR® should require tougher standards, specifically more robust training and education. Given that groundswell from inside and outside the REALTOR® community, continuing education classes and earned designations will be seen more as necessities than luxuries.
NAR’s state education directors released a breakdown, listing the number of designations earned by REALTORS® in every state. Nevada’s 15,300 REALTORS have earned 4,509 designations, just less than one designation for every three REALTORS, but well above the 1-in-4 national average. Designations come in all shapes and sizes, distinguishing REALTORS for everything from expertise in social media and emerging technology (e-PRO) to a heightened proficiency in handling transactions for military personnel (MRP).
Read the entire story here.
More News You Can Use
NVAR Directors address squatter issues
Given the foreclosure crisis that Nevada, and specifically Las Vegas, has suffered through over the past decade, it should come as no surprise that Clark County has also seen a spike in squatter-related issues in recent years. NVAR Directors Scott Beaudry and Vandana Bhalla, along with Henderson Police Dept. Sergeant Kirk Moore, were all guests earlier this year on KNPR’s radio show The State of Nevada, discussing growing concerns over squatters in the Las Vegas valley.
A squatter is someone who takes over a property without owner consent. The State of Nevada host Carrie Kaufman said Las Vegas Metro received 4,500 calls of squatter complaints in 2015, up 22 percent from the prior year. However, what’s more alarming is that figure has jumped by 169 percent since 2012. Moore said HPD has received nearly 100 calls since November when AB386 went into effect. The new law governs how law-enforcement agencies investigate homes that have been broken into. Click here to read more. Click here to listen to the complete radio program.
Reno jumps to fourth among mid-size economic hot spots
Las Vegas sits 13th in large-size metros
RCLCO, a leading national real estate strategy firm, first published an Economic Hot Spot map in 2013. At the time, the economy was recovering from the Great Financial Crisis at a very uneven pace across regions. The idea was to get a sense of where growth was currently happening and why. Based on trailing and forward 12-month indicators of factors such as growth, income levels, and economic structure, the map gave us a good indication of regional growth patterns.
In fact, the map turned out to be quite telling. Many of the high-ranking markets at the time were tech and energy related—and subsequently experienced substantial job growth that led to some of the hottest commercial real estate markets in the country, in terms of both demand and new construction. In fact, the top 15 large markets in our 2013 rankings accounted for 58% of net office absorption and 64% of new office construction in the 51 largest markets in the United States in 2014 and 2015. Click here for full story.