The number of homes available for sale in major West Coast housing markets dramatically increased last month on an annualized basis after more than six years of a shrinking inventory, according to new data from Redfin.
Showing posts with label realtors. Show all posts
Showing posts with label realtors. Show all posts
Tuesday, October 9, 2018
West Coast Inventory Levels Starting to Rise
Sunday, July 15, 2018
May 2018 Foot Traffic per NAR Research
Demand is unrelieved as supply shortages continue to impede home sales.
Every month SentriLock, LLC. provides NAR Research with data on the number of properties shown by a REALTOR®. Lockboxes made by SentriLock, LLC. are used in roughly a third of home showings across the nation. Foot traffic has a strong correlation with future contracts and home sales, so it can be viewed as a peek ahead at sales trends two to three months into the future. This infographic shows the latest index data along with trends and changes.
Tuesday, April 2, 2013
National Association of Realtors to release national MLS | Inman News
A national multiple listing service run by the National Association of Realtors should be ready by late summer, the large trade association announced today. NAR has been working for the last decade to put all of the nation's agent-represented homes for sale into one database, consolidating the 800-plus multiple listing services in the U.S. in the process. Read more: National Association of Realtors to release national MLS | Inman News
Monday, July 2, 2012
Housing-market crash takes toll Arizona real-estate agents
The recession took a toll on Arizonans employed in real estate during the past five years with the loss of nearly 17,000 agents.
There are 35,864 real-estate agents with active licenses, down 32 percent from 2007 when there were 52,286 active agents, according to recent figures from the Arizona Department of Real Estate.
The number of license holders is down 4 percent from last year.
An additional 19,245 agents have inactive licenses, meaning they are not employed by a broker and cannot conduct any real-estate activity. That is up from 12,652 agents with inactive licenses in 2007.
"You saw during those years that Realtors had to weigh the economics to decide about staying in the business as a primary income generator," said Rebecca Grossman, president and CEO of the Scottsdale Area Association of Realtors. "When the market is like that, if you're not truly committed it's difficult to make a living."
The association saw its membership fall 11 percent in 2009 from the previous year. It bottomed out in 2011 at 7,068 members but has increased 2 percent this year to 7,200 members.
Meanwhile, there has been a gradual recovery in the housing market, Grossman said.
The Standard & Poor's/Case-Shiller home-price index released Tuesday revealed increases in 19 of the 20 U.S. cities tracked from March to April.
San Francisco, Washington, D.C., and Phoenix posted the largest increases. Prices were up 2.5 percent in Phoenix, 2.8 percent in Washington and 3.4 percent in San Francisco.
Good agents forced out
Gordon Snyder, chairman of the Realtors group, said a lot of good agents were forced out of the business during the downturn.
"They had to make money and couldn't hang on," he said.
Now that the market has turned, Snyder said, he and other agents, brokers and title companies are seeing a tremendous amount of activity.
"I've had more deals in escrow at one time than ever before," said Snyder, with Realty Executives.
The flip side is that the deals are about half the value of what they were at the market peak, he said.
The Northeast Valley's luxury market is starting to recover with fewer "screaming deals" in Paradise Valley and Scottsdale, Snyder said.
Brokers holding steady
The number of brokers and real-estate companies has been more stable during the recession.
ADRE reports that there are 12,618 brokers statewide, down 3 percent from last year but up 1.6 percent from 2007. The number of brokers peaked at 13,120 in 2010.
There are 2,868 self-employed brokers. Active real-estate companies total 8,385 as of June 1, down 3.4 percent from last year and 3.1 percent from 2007.
Real-estate agents pay $110 for a license and $100 for a renewal.
Agents must work under the supervision of a broker. Brokers pay $225 for an original license and $250 for a renewal.
Gary Holloway of Zip Realty Inc. said it's too early in the housing-market recovery for a lot of agents to get into the business.
"It's going to start picking up," he said. "We'll start to see more agents as we get more inventory."
Meanwhile, agents like Holloway are dusting off an old joke about a recovery that goes something like this: "Dear God, give me one more real-estate boom and I promise I won't spend it all on toys."
by Peter Corbett - Jun. 29, 2012 12:27 PM The Republic | azcentral.com
Housing-market crash takes toll Arizona real-estate agents
There are 35,864 real-estate agents with active licenses, down 32 percent from 2007 when there were 52,286 active agents, according to recent figures from the Arizona Department of Real Estate.
The number of license holders is down 4 percent from last year.
An additional 19,245 agents have inactive licenses, meaning they are not employed by a broker and cannot conduct any real-estate activity. That is up from 12,652 agents with inactive licenses in 2007.
"You saw during those years that Realtors had to weigh the economics to decide about staying in the business as a primary income generator," said Rebecca Grossman, president and CEO of the Scottsdale Area Association of Realtors. "When the market is like that, if you're not truly committed it's difficult to make a living."
The association saw its membership fall 11 percent in 2009 from the previous year. It bottomed out in 2011 at 7,068 members but has increased 2 percent this year to 7,200 members.
Meanwhile, there has been a gradual recovery in the housing market, Grossman said.
The Standard & Poor's/Case-Shiller home-price index released Tuesday revealed increases in 19 of the 20 U.S. cities tracked from March to April.
San Francisco, Washington, D.C., and Phoenix posted the largest increases. Prices were up 2.5 percent in Phoenix, 2.8 percent in Washington and 3.4 percent in San Francisco.
Good agents forced out
Gordon Snyder, chairman of the Realtors group, said a lot of good agents were forced out of the business during the downturn.
"They had to make money and couldn't hang on," he said.
Now that the market has turned, Snyder said, he and other agents, brokers and title companies are seeing a tremendous amount of activity.
"I've had more deals in escrow at one time than ever before," said Snyder, with Realty Executives.
The flip side is that the deals are about half the value of what they were at the market peak, he said.
The Northeast Valley's luxury market is starting to recover with fewer "screaming deals" in Paradise Valley and Scottsdale, Snyder said.
Brokers holding steady
The number of brokers and real-estate companies has been more stable during the recession.
ADRE reports that there are 12,618 brokers statewide, down 3 percent from last year but up 1.6 percent from 2007. The number of brokers peaked at 13,120 in 2010.
There are 2,868 self-employed brokers. Active real-estate companies total 8,385 as of June 1, down 3.4 percent from last year and 3.1 percent from 2007.
Real-estate agents pay $110 for a license and $100 for a renewal.
Agents must work under the supervision of a broker. Brokers pay $225 for an original license and $250 for a renewal.
Gary Holloway of Zip Realty Inc. said it's too early in the housing-market recovery for a lot of agents to get into the business.
"It's going to start picking up," he said. "We'll start to see more agents as we get more inventory."
Meanwhile, agents like Holloway are dusting off an old joke about a recovery that goes something like this: "Dear God, give me one more real-estate boom and I promise I won't spend it all on toys."
by Peter Corbett - Jun. 29, 2012 12:27 PM The Republic | azcentral.com
Housing-market crash takes toll Arizona real-estate agents
Housing-market crash takes toll Arizona real-estate agents
The recession took a toll on Arizonans employed in real estate during the past five years with the loss of nearly 17,000 agents.
There are 35,864 real-estate agents with active licenses, down 32 percent from 2007 when there were 52,286 active agents, according to recent figures from the Arizona Department of Real Estate.
The number of license holders is down 4 percent from last year.
An additional 19,245 agents have inactive licenses, meaning they are not employed by a broker and cannot conduct any real-estate activity. That is up from 12,652 agents with inactive licenses in 2007.
"You saw during those years that Realtors had to weigh the economics to decide about staying in the business as a primary income generator," said Rebecca Grossman, president and CEO of the Scottsdale Area Association of Realtors. "When the market is like that, if you're not truly committed it's difficult to make a living."
The association saw its membership fall 11 percent in 2009 from the previous year. It bottomed out in 2011 at 7,068 members but has increased 2 percent this year to 7,200 members.
Meanwhile, there has been a gradual recovery in the housing market, Grossman said.
The Standard & Poor's/Case-Shiller home-price index released Tuesday revealed increases in 19 of the 20 U.S. cities tracked from March to April.
San Francisco, Washington, D.C., and Phoenix posted the largest increases. Prices were up 2.5 percent in Phoenix, 2.8 percent in Washington and 3.4 percent in San Francisco.
Good agents forced out
Gordon Snyder, chairman of the Realtors group, said a lot of good agents were forced out of the business during the downturn.
"They had to make money and couldn't hang on," he said.
Now that the market has turned, Snyder said, he and other agents, brokers and title companies are seeing a tremendous amount of activity.
"I've had more deals in escrow at one time than ever before," said Snyder, with Realty Executives.
The flip side is that the deals are about half the value of what they were at the market peak, he said.
The Northeast Valley's luxury market is starting to recover with fewer "screaming deals" in Paradise Valley and Scottsdale, Snyder said.
Brokers holding steady
The number of brokers and real-estate companies has been more stable during the recession.
ADRE reports that there are 12,618 brokers statewide, down 3 percent from last year but up 1.6 percent from 2007. The number of brokers peaked at 13,120 in 2010.
There are 2,868 self-employed brokers. Active real-estate companies total 8,385 as of June 1, down 3.4 percent from last year and 3.1 percent from 2007.
Real-estate agents pay $110 for a license and $100 for a renewal.
Agents must work under the supervision of a broker. Brokers pay $225 for an original license and $250 for a renewal.
Gary Holloway of Zip Realty Inc. said it's too early in the housing-market recovery for a lot of agents to get into the business.
"It's going to start picking up," he said. "We'll start to see more agents as we get more inventory."
Meanwhile, agents like Holloway are dusting off an old joke about a recovery that goes something like this: "Dear God, give me one more real-estate boom and I promise I won't spend it all on toys."
by Peter Corbett - Jun. 29, 2012 12:27 PM The Republic | azcentral.com
Housing-market crash takes toll Arizona real-estate agents
There are 35,864 real-estate agents with active licenses, down 32 percent from 2007 when there were 52,286 active agents, according to recent figures from the Arizona Department of Real Estate.
The number of license holders is down 4 percent from last year.
An additional 19,245 agents have inactive licenses, meaning they are not employed by a broker and cannot conduct any real-estate activity. That is up from 12,652 agents with inactive licenses in 2007.
"You saw during those years that Realtors had to weigh the economics to decide about staying in the business as a primary income generator," said Rebecca Grossman, president and CEO of the Scottsdale Area Association of Realtors. "When the market is like that, if you're not truly committed it's difficult to make a living."
The association saw its membership fall 11 percent in 2009 from the previous year. It bottomed out in 2011 at 7,068 members but has increased 2 percent this year to 7,200 members.
Meanwhile, there has been a gradual recovery in the housing market, Grossman said.
The Standard & Poor's/Case-Shiller home-price index released Tuesday revealed increases in 19 of the 20 U.S. cities tracked from March to April.
San Francisco, Washington, D.C., and Phoenix posted the largest increases. Prices were up 2.5 percent in Phoenix, 2.8 percent in Washington and 3.4 percent in San Francisco.
Good agents forced out
Gordon Snyder, chairman of the Realtors group, said a lot of good agents were forced out of the business during the downturn.
"They had to make money and couldn't hang on," he said.
Now that the market has turned, Snyder said, he and other agents, brokers and title companies are seeing a tremendous amount of activity.
"I've had more deals in escrow at one time than ever before," said Snyder, with Realty Executives.
The flip side is that the deals are about half the value of what they were at the market peak, he said.
The Northeast Valley's luxury market is starting to recover with fewer "screaming deals" in Paradise Valley and Scottsdale, Snyder said.
Brokers holding steady
The number of brokers and real-estate companies has been more stable during the recession.
ADRE reports that there are 12,618 brokers statewide, down 3 percent from last year but up 1.6 percent from 2007. The number of brokers peaked at 13,120 in 2010.
There are 2,868 self-employed brokers. Active real-estate companies total 8,385 as of June 1, down 3.4 percent from last year and 3.1 percent from 2007.
Real-estate agents pay $110 for a license and $100 for a renewal.
Agents must work under the supervision of a broker. Brokers pay $225 for an original license and $250 for a renewal.
Gary Holloway of Zip Realty Inc. said it's too early in the housing-market recovery for a lot of agents to get into the business.
"It's going to start picking up," he said. "We'll start to see more agents as we get more inventory."
Meanwhile, agents like Holloway are dusting off an old joke about a recovery that goes something like this: "Dear God, give me one more real-estate boom and I promise I won't spend it all on toys."
by Peter Corbett - Jun. 29, 2012 12:27 PM The Republic | azcentral.com
Housing-market crash takes toll Arizona real-estate agents
Housing-market crash takes toll Arizona real-estate agents
The recession took a toll on Arizonans employed in real estate during the past five years with the loss of nearly 17,000 agents.
There are 35,864 real-estate agents with active licenses, down 32 percent from 2007 when there were 52,286 active agents, according to recent figures from the Arizona Department of Real Estate.
The number of license holders is down 4 percent from last year.
An additional 19,245 agents have inactive licenses, meaning they are not employed by a broker and cannot conduct any real-estate activity. That is up from 12,652 agents with inactive licenses in 2007.
"You saw during those years that Realtors had to weigh the economics to decide about staying in the business as a primary income generator," said Rebecca Grossman, president and CEO of the Scottsdale Area Association of Realtors. "When the market is like that, if you're not truly committed it's difficult to make a living."
The association saw its membership fall 11 percent in 2009 from the previous year. It bottomed out in 2011 at 7,068 members but has increased 2 percent this year to 7,200 members.
Meanwhile, there has been a gradual recovery in the housing market, Grossman said.
The Standard & Poor's/Case-Shiller home-price index released Tuesday revealed increases in 19 of the 20 U.S. cities tracked from March to April.
San Francisco, Washington, D.C., and Phoenix posted the largest increases. Prices were up 2.5 percent in Phoenix, 2.8 percent in Washington and 3.4 percent in San Francisco.
Good agents forced out
Gordon Snyder, chairman of the Realtors group, said a lot of good agents were forced out of the business during the downturn.
"They had to make money and couldn't hang on," he said.
Now that the market has turned, Snyder said, he and other agents, brokers and title companies are seeing a tremendous amount of activity.
"I've had more deals in escrow at one time than ever before," said Snyder, with Realty Executives.
The flip side is that the deals are about half the value of what they were at the market peak, he said.
The Northeast Valley's luxury market is starting to recover with fewer "screaming deals" in Paradise Valley and Scottsdale, Snyder said.
Brokers holding steady
The number of brokers and real-estate companies has been more stable during the recession.
ADRE reports that there are 12,618 brokers statewide, down 3 percent from last year but up 1.6 percent from 2007. The number of brokers peaked at 13,120 in 2010.
There are 2,868 self-employed brokers. Active real-estate companies total 8,385 as of June 1, down 3.4 percent from last year and 3.1 percent from 2007.
Real-estate agents pay $110 for a license and $100 for a renewal.
Agents must work under the supervision of a broker. Brokers pay $225 for an original license and $250 for a renewal.
Gary Holloway of Zip Realty Inc. said it's too early in the housing-market recovery for a lot of agents to get into the business.
"It's going to start picking up," he said. "We'll start to see more agents as we get more inventory."
Meanwhile, agents like Holloway are dusting off an old joke about a recovery that goes something like this: "Dear God, give me one more real-estate boom and I promise I won't spend it all on toys."
by Peter Corbett - Jun. 29, 2012 12:27 PM The Republic | azcentral.com
Housing-market crash takes toll Arizona real-estate agents
There are 35,864 real-estate agents with active licenses, down 32 percent from 2007 when there were 52,286 active agents, according to recent figures from the Arizona Department of Real Estate.
The number of license holders is down 4 percent from last year.
An additional 19,245 agents have inactive licenses, meaning they are not employed by a broker and cannot conduct any real-estate activity. That is up from 12,652 agents with inactive licenses in 2007.
"You saw during those years that Realtors had to weigh the economics to decide about staying in the business as a primary income generator," said Rebecca Grossman, president and CEO of the Scottsdale Area Association of Realtors. "When the market is like that, if you're not truly committed it's difficult to make a living."
The association saw its membership fall 11 percent in 2009 from the previous year. It bottomed out in 2011 at 7,068 members but has increased 2 percent this year to 7,200 members.
Meanwhile, there has been a gradual recovery in the housing market, Grossman said.
The Standard & Poor's/Case-Shiller home-price index released Tuesday revealed increases in 19 of the 20 U.S. cities tracked from March to April.
San Francisco, Washington, D.C., and Phoenix posted the largest increases. Prices were up 2.5 percent in Phoenix, 2.8 percent in Washington and 3.4 percent in San Francisco.
Good agents forced out
Gordon Snyder, chairman of the Realtors group, said a lot of good agents were forced out of the business during the downturn.
"They had to make money and couldn't hang on," he said.
Now that the market has turned, Snyder said, he and other agents, brokers and title companies are seeing a tremendous amount of activity.
"I've had more deals in escrow at one time than ever before," said Snyder, with Realty Executives.
The flip side is that the deals are about half the value of what they were at the market peak, he said.
The Northeast Valley's luxury market is starting to recover with fewer "screaming deals" in Paradise Valley and Scottsdale, Snyder said.
Brokers holding steady
The number of brokers and real-estate companies has been more stable during the recession.
ADRE reports that there are 12,618 brokers statewide, down 3 percent from last year but up 1.6 percent from 2007. The number of brokers peaked at 13,120 in 2010.
There are 2,868 self-employed brokers. Active real-estate companies total 8,385 as of June 1, down 3.4 percent from last year and 3.1 percent from 2007.
Real-estate agents pay $110 for a license and $100 for a renewal.
Agents must work under the supervision of a broker. Brokers pay $225 for an original license and $250 for a renewal.
Gary Holloway of Zip Realty Inc. said it's too early in the housing-market recovery for a lot of agents to get into the business.
"It's going to start picking up," he said. "We'll start to see more agents as we get more inventory."
Meanwhile, agents like Holloway are dusting off an old joke about a recovery that goes something like this: "Dear God, give me one more real-estate boom and I promise I won't spend it all on toys."
by Peter Corbett - Jun. 29, 2012 12:27 PM The Republic | azcentral.com
Housing-market crash takes toll Arizona real-estate agents
Housing-market crash takes toll Arizona real-estate agents
The recession took a toll on Arizonans employed in real estate during the past five years with the loss of nearly 17,000 agents.
There are 35,864 real-estate agents with active licenses, down 32 percent from 2007 when there were 52,286 active agents, according to recent figures from the Arizona Department of Real Estate.
The number of license holders is down 4 percent from last year.
An additional 19,245 agents have inactive licenses, meaning they are not employed by a broker and cannot conduct any real-estate activity. That is up from 12,652 agents with inactive licenses in 2007.
"You saw during those years that Realtors had to weigh the economics to decide about staying in the business as a primary income generator," said Rebecca Grossman, president and CEO of the Scottsdale Area Association of Realtors. "When the market is like that, if you're not truly committed it's difficult to make a living."
The association saw its membership fall 11 percent in 2009 from the previous year. It bottomed out in 2011 at 7,068 members but has increased 2 percent this year to 7,200 members.
Meanwhile, there has been a gradual recovery in the housing market, Grossman said.
The Standard & Poor's/Case-Shiller home-price index released Tuesday revealed increases in 19 of the 20 U.S. cities tracked from March to April.
San Francisco, Washington, D.C., and Phoenix posted the largest increases. Prices were up 2.5 percent in Phoenix, 2.8 percent in Washington and 3.4 percent in San Francisco.
Good agents forced out
Gordon Snyder, chairman of the Realtors group, said a lot of good agents were forced out of the business during the downturn.
"They had to make money and couldn't hang on," he said.
Now that the market has turned, Snyder said, he and other agents, brokers and title companies are seeing a tremendous amount of activity.
"I've had more deals in escrow at one time than ever before," said Snyder, with Realty Executives.
The flip side is that the deals are about half the value of what they were at the market peak, he said.
The Northeast Valley's luxury market is starting to recover with fewer "screaming deals" in Paradise Valley and Scottsdale, Snyder said.
Brokers holding steady
The number of brokers and real-estate companies has been more stable during the recession.
ADRE reports that there are 12,618 brokers statewide, down 3 percent from last year but up 1.6 percent from 2007. The number of brokers peaked at 13,120 in 2010.
There are 2,868 self-employed brokers. Active real-estate companies total 8,385 as of June 1, down 3.4 percent from last year and 3.1 percent from 2007.
Real-estate agents pay $110 for a license and $100 for a renewal.
Agents must work under the supervision of a broker. Brokers pay $225 for an original license and $250 for a renewal.
Gary Holloway of Zip Realty Inc. said it's too early in the housing-market recovery for a lot of agents to get into the business.
"It's going to start picking up," he said. "We'll start to see more agents as we get more inventory."
Meanwhile, agents like Holloway are dusting off an old joke about a recovery that goes something like this: "Dear God, give me one more real-estate boom and I promise I won't spend it all on toys."
by Peter Corbett - Jun. 29, 2012 12:27 PM The Republic | azcentral.com
Housing-market crash takes toll Arizona real-estate agents
There are 35,864 real-estate agents with active licenses, down 32 percent from 2007 when there were 52,286 active agents, according to recent figures from the Arizona Department of Real Estate.
The number of license holders is down 4 percent from last year.
An additional 19,245 agents have inactive licenses, meaning they are not employed by a broker and cannot conduct any real-estate activity. That is up from 12,652 agents with inactive licenses in 2007.
"You saw during those years that Realtors had to weigh the economics to decide about staying in the business as a primary income generator," said Rebecca Grossman, president and CEO of the Scottsdale Area Association of Realtors. "When the market is like that, if you're not truly committed it's difficult to make a living."
The association saw its membership fall 11 percent in 2009 from the previous year. It bottomed out in 2011 at 7,068 members but has increased 2 percent this year to 7,200 members.
Meanwhile, there has been a gradual recovery in the housing market, Grossman said.
The Standard & Poor's/Case-Shiller home-price index released Tuesday revealed increases in 19 of the 20 U.S. cities tracked from March to April.
San Francisco, Washington, D.C., and Phoenix posted the largest increases. Prices were up 2.5 percent in Phoenix, 2.8 percent in Washington and 3.4 percent in San Francisco.
Good agents forced out
Gordon Snyder, chairman of the Realtors group, said a lot of good agents were forced out of the business during the downturn.
"They had to make money and couldn't hang on," he said.
Now that the market has turned, Snyder said, he and other agents, brokers and title companies are seeing a tremendous amount of activity.
"I've had more deals in escrow at one time than ever before," said Snyder, with Realty Executives.
The flip side is that the deals are about half the value of what they were at the market peak, he said.
The Northeast Valley's luxury market is starting to recover with fewer "screaming deals" in Paradise Valley and Scottsdale, Snyder said.
Brokers holding steady
The number of brokers and real-estate companies has been more stable during the recession.
ADRE reports that there are 12,618 brokers statewide, down 3 percent from last year but up 1.6 percent from 2007. The number of brokers peaked at 13,120 in 2010.
There are 2,868 self-employed brokers. Active real-estate companies total 8,385 as of June 1, down 3.4 percent from last year and 3.1 percent from 2007.
Real-estate agents pay $110 for a license and $100 for a renewal.
Agents must work under the supervision of a broker. Brokers pay $225 for an original license and $250 for a renewal.
Gary Holloway of Zip Realty Inc. said it's too early in the housing-market recovery for a lot of agents to get into the business.
"It's going to start picking up," he said. "We'll start to see more agents as we get more inventory."
Meanwhile, agents like Holloway are dusting off an old joke about a recovery that goes something like this: "Dear God, give me one more real-estate boom and I promise I won't spend it all on toys."
by Peter Corbett - Jun. 29, 2012 12:27 PM The Republic | azcentral.com
Housing-market crash takes toll Arizona real-estate agents
Friday, May 18, 2012
Realtors Optimistic On Spring Home Sales Season, As Investors Eye Builders LEN DHI MHO RYL - Investors.com
Still, it's hard not to get cautiously upbeat over recent trends that point to an improving U.S. housing market and indicate some further strengthening in months to come.
National real estate analysts and local real estate agents sound encouraged by the state of housing as it enters the stretch drive of the spring home-selling season.
Foot traffic is up, prices are stabilizing by some measures and sales are trending higher. Recent housing statistics suggest the market is at its strongest point in years.
"Demand is up, and the psyche of the consumer is much better than it has been in years," said the National Association of Realtors' Ken Fears, manager of regional economics.
Agents See Change
How much spring homebuying are real estate agents noticing right now? Nate Johnson, with Keller Williams Realty in northern Virginia, says his team is "seeing a lot of buyers out there" and getting multiple offers on short-sale properties. His work is concentrated in Fairfax County, just across the Potomac River from Washington, D.C.
Although down 2.6% monthly in March, the pace of U.S. existing home sales reached its highest level since 2007 in the first quarter, up 4.7% from the previous quarter and more than 5% from the prior year.
Prospects for new home sales are looking better too. Investor optimism has pushed IBD's Building — Residential/Commercial industry group to the top-ranked spot among 197 groups tracked, with Lennar (LEN), Standard Pacific (SPF), MI Homes (MHO), Ryland Group (RYL) and D.R. Horton (DHI) among highly rated stock market performers. Still, after an exuberant rise, several builder stocks gave up some gains Thursday ahead of April home sales numbers due out next week.
Near Washington, D.C., the main challenge now is finding homes people want to sell, Johnson says.
"The inventory is very low in some places," he said. "Many people are upside-down on their mortgages and can't sell."
Short sales occur when more is owed on a home than it sells for, when a lender does agree to a sale.
"A lot of our short-sale inventory are condos," Johnson said. "A lot of investors are snapping those up at inexpensive prices with the idea of renting them out."
Looking For Listings
A lack of inventory is also a problem in certain Atlanta neighborhoods, says Thom Abbott, an associate broker at Thomas Ramon Realty at Palmer House Properties. His firm specializes in midtown condos at prices ranging from $80,000 to more than $600,000.
by Vince Cariaga Investor's Business Daily May 17, 2012
Realtors Optimistic On Spring Home Sales Season, As Investors Eye Builders LEN DHI MHO RYL - Investors.com
Realtors Optimistic On Spring Home Sales Season, As Investors Eye Builders LEN DHI MHO RYL - Investors.com
Still, it's hard not to get cautiously upbeat over recent trends that point to an improving U.S. housing market and indicate some further strengthening in months to come.
National real estate analysts and local real estate agents sound encouraged by the state of housing as it enters the stretch drive of the spring home-selling season.
Foot traffic is up, prices are stabilizing by some measures and sales are trending higher. Recent housing statistics suggest the market is at its strongest point in years.
"Demand is up, and the psyche of the consumer is much better than it has been in years," said the National Association of Realtors' Ken Fears, manager of regional economics.
Agents See Change
How much spring homebuying are real estate agents noticing right now? Nate Johnson, with Keller Williams Realty in northern Virginia, says his team is "seeing a lot of buyers out there" and getting multiple offers on short-sale properties. His work is concentrated in Fairfax County, just across the Potomac River from Washington, D.C.
Although down 2.6% monthly in March, the pace of U.S. existing home sales reached its highest level since 2007 in the first quarter, up 4.7% from the previous quarter and more than 5% from the prior year.
Prospects for new home sales are looking better too. Investor optimism has pushed IBD's Building — Residential/Commercial industry group to the top-ranked spot among 197 groups tracked, with Lennar (LEN), Standard Pacific (SPF), MI Homes (MHO), Ryland Group (RYL) and D.R. Horton (DHI) among highly rated stock market performers. Still, after an exuberant rise, several builder stocks gave up some gains Thursday ahead of April home sales numbers due out next week.
Near Washington, D.C., the main challenge now is finding homes people want to sell, Johnson says.
"The inventory is very low in some places," he said. "Many people are upside-down on their mortgages and can't sell."
Short sales occur when more is owed on a home than it sells for, when a lender does agree to a sale.
"A lot of our short-sale inventory are condos," Johnson said. "A lot of investors are snapping those up at inexpensive prices with the idea of renting them out."
Looking For Listings
A lack of inventory is also a problem in certain Atlanta neighborhoods, says Thom Abbott, an associate broker at Thomas Ramon Realty at Palmer House Properties. His firm specializes in midtown condos at prices ranging from $80,000 to more than $600,000.
by Vince Cariaga Investor's Business Daily May 17, 2012
Realtors Optimistic On Spring Home Sales Season, As Investors Eye Builders LEN DHI MHO RYL - Investors.com
Realtors Optimistic On Spring Home Sales Season, As Investors Eye Builders LEN DHI MHO RYL - Investors.com
Still, it's hard not to get cautiously upbeat over recent trends that point to an improving U.S. housing market and indicate some further strengthening in months to come.
National real estate analysts and local real estate agents sound encouraged by the state of housing as it enters the stretch drive of the spring home-selling season.
Foot traffic is up, prices are stabilizing by some measures and sales are trending higher. Recent housing statistics suggest the market is at its strongest point in years.
"Demand is up, and the psyche of the consumer is much better than it has been in years," said the National Association of Realtors' Ken Fears, manager of regional economics.
Agents See Change
How much spring homebuying are real estate agents noticing right now? Nate Johnson, with Keller Williams Realty in northern Virginia, says his team is "seeing a lot of buyers out there" and getting multiple offers on short-sale properties. His work is concentrated in Fairfax County, just across the Potomac River from Washington, D.C.
Although down 2.6% monthly in March, the pace of U.S. existing home sales reached its highest level since 2007 in the first quarter, up 4.7% from the previous quarter and more than 5% from the prior year.
Prospects for new home sales are looking better too. Investor optimism has pushed IBD's Building — Residential/Commercial industry group to the top-ranked spot among 197 groups tracked, with Lennar (LEN), Standard Pacific (SPF), MI Homes (MHO), Ryland Group (RYL) and D.R. Horton (DHI) among highly rated stock market performers. Still, after an exuberant rise, several builder stocks gave up some gains Thursday ahead of April home sales numbers due out next week.
Near Washington, D.C., the main challenge now is finding homes people want to sell, Johnson says.
"The inventory is very low in some places," he said. "Many people are upside-down on their mortgages and can't sell."
Short sales occur when more is owed on a home than it sells for, when a lender does agree to a sale.
"A lot of our short-sale inventory are condos," Johnson said. "A lot of investors are snapping those up at inexpensive prices with the idea of renting them out."
Looking For Listings
A lack of inventory is also a problem in certain Atlanta neighborhoods, says Thom Abbott, an associate broker at Thomas Ramon Realty at Palmer House Properties. His firm specializes in midtown condos at prices ranging from $80,000 to more than $600,000.
by Vince Cariaga Investor's Business Daily May 17, 2012
Realtors Optimistic On Spring Home Sales Season, As Investors Eye Builders LEN DHI MHO RYL - Investors.com
Realtors Optimistic On Spring Home Sales Season, As Investors Eye Builders LEN DHI MHO RYL - Investors.com
Still, it's hard not to get cautiously upbeat over recent trends that point to an improving U.S. housing market and indicate some further strengthening in months to come.
National real estate analysts and local real estate agents sound encouraged by the state of housing as it enters the stretch drive of the spring home-selling season.
Foot traffic is up, prices are stabilizing by some measures and sales are trending higher. Recent housing statistics suggest the market is at its strongest point in years.
"Demand is up, and the psyche of the consumer is much better than it has been in years," said the National Association of Realtors' Ken Fears, manager of regional economics.
Agents See Change
How much spring homebuying are real estate agents noticing right now? Nate Johnson, with Keller Williams Realty in northern Virginia, says his team is "seeing a lot of buyers out there" and getting multiple offers on short-sale properties. His work is concentrated in Fairfax County, just across the Potomac River from Washington, D.C.
Although down 2.6% monthly in March, the pace of U.S. existing home sales reached its highest level since 2007 in the first quarter, up 4.7% from the previous quarter and more than 5% from the prior year.
Prospects for new home sales are looking better too. Investor optimism has pushed IBD's Building — Residential/Commercial industry group to the top-ranked spot among 197 groups tracked, with Lennar (LEN), Standard Pacific (SPF), MI Homes (MHO), Ryland Group (RYL) and D.R. Horton (DHI) among highly rated stock market performers. Still, after an exuberant rise, several builder stocks gave up some gains Thursday ahead of April home sales numbers due out next week.
Near Washington, D.C., the main challenge now is finding homes people want to sell, Johnson says.
"The inventory is very low in some places," he said. "Many people are upside-down on their mortgages and can't sell."
Short sales occur when more is owed on a home than it sells for, when a lender does agree to a sale.
"A lot of our short-sale inventory are condos," Johnson said. "A lot of investors are snapping those up at inexpensive prices with the idea of renting them out."
Looking For Listings
A lack of inventory is also a problem in certain Atlanta neighborhoods, says Thom Abbott, an associate broker at Thomas Ramon Realty at Palmer House Properties. His firm specializes in midtown condos at prices ranging from $80,000 to more than $600,000.
by Vince Cariaga Investor's Business Daily May 17, 2012
Realtors Optimistic On Spring Home Sales Season, As Investors Eye Builders LEN DHI MHO RYL - Investors.com
Realtors Optimistic On Spring Home Sales Season, As Investors Eye Builders LEN DHI MHO RYL - Investors.com
Still, it's hard not to get cautiously upbeat over recent trends that point to an improving U.S. housing market and indicate some further strengthening in months to come.
National real estate analysts and local real estate agents sound encouraged by the state of housing as it enters the stretch drive of the spring home-selling season.
Foot traffic is up, prices are stabilizing by some measures and sales are trending higher. Recent housing statistics suggest the market is at its strongest point in years.
"Demand is up, and the psyche of the consumer is much better than it has been in years," said the National Association of Realtors' Ken Fears, manager of regional economics.
Agents See Change
How much spring homebuying are real estate agents noticing right now? Nate Johnson, with Keller Williams Realty in northern Virginia, says his team is "seeing a lot of buyers out there" and getting multiple offers on short-sale properties. His work is concentrated in Fairfax County, just across the Potomac River from Washington, D.C.
Although down 2.6% monthly in March, the pace of U.S. existing home sales reached its highest level since 2007 in the first quarter, up 4.7% from the previous quarter and more than 5% from the prior year.
Prospects for new home sales are looking better too. Investor optimism has pushed IBD's Building — Residential/Commercial industry group to the top-ranked spot among 197 groups tracked, with Lennar (LEN), Standard Pacific (SPF), MI Homes (MHO), Ryland Group (RYL) and D.R. Horton (DHI) among highly rated stock market performers. Still, after an exuberant rise, several builder stocks gave up some gains Thursday ahead of April home sales numbers due out next week.
Near Washington, D.C., the main challenge now is finding homes people want to sell, Johnson says.
"The inventory is very low in some places," he said. "Many people are upside-down on their mortgages and can't sell."
Short sales occur when more is owed on a home than it sells for, when a lender does agree to a sale.
"A lot of our short-sale inventory are condos," Johnson said. "A lot of investors are snapping those up at inexpensive prices with the idea of renting them out."
Looking For Listings
A lack of inventory is also a problem in certain Atlanta neighborhoods, says Thom Abbott, an associate broker at Thomas Ramon Realty at Palmer House Properties. His firm specializes in midtown condos at prices ranging from $80,000 to more than $600,000.
by Vince Cariaga Investor's Business Daily May 17, 2012
Realtors Optimistic On Spring Home Sales Season, As Investors Eye Builders LEN DHI MHO RYL - Investors.com
Realtors Optimistic On Spring Home Sales Season, As Investors Eye Builders LEN DHI MHO RYL - Investors.com
Still, it's hard not to get cautiously upbeat over recent trends that point to an improving U.S. housing market and indicate some further strengthening in months to come.
National real estate analysts and local real estate agents sound encouraged by the state of housing as it enters the stretch drive of the spring home-selling season.
Foot traffic is up, prices are stabilizing by some measures and sales are trending higher. Recent housing statistics suggest the market is at its strongest point in years.
"Demand is up, and the psyche of the consumer is much better than it has been in years," said the National Association of Realtors' Ken Fears, manager of regional economics.
Agents See Change
How much spring homebuying are real estate agents noticing right now? Nate Johnson, with Keller Williams Realty in northern Virginia, says his team is "seeing a lot of buyers out there" and getting multiple offers on short-sale properties. His work is concentrated in Fairfax County, just across the Potomac River from Washington, D.C.
Although down 2.6% monthly in March, the pace of U.S. existing home sales reached its highest level since 2007 in the first quarter, up 4.7% from the previous quarter and more than 5% from the prior year.
Prospects for new home sales are looking better too. Investor optimism has pushed IBD's Building — Residential/Commercial industry group to the top-ranked spot among 197 groups tracked, with Lennar (LEN), Standard Pacific (SPF), MI Homes (MHO), Ryland Group (RYL) and D.R. Horton (DHI) among highly rated stock market performers. Still, after an exuberant rise, several builder stocks gave up some gains Thursday ahead of April home sales numbers due out next week.
Near Washington, D.C., the main challenge now is finding homes people want to sell, Johnson says.
"The inventory is very low in some places," he said. "Many people are upside-down on their mortgages and can't sell."
Short sales occur when more is owed on a home than it sells for, when a lender does agree to a sale.
"A lot of our short-sale inventory are condos," Johnson said. "A lot of investors are snapping those up at inexpensive prices with the idea of renting them out."
Looking For Listings
A lack of inventory is also a problem in certain Atlanta neighborhoods, says Thom Abbott, an associate broker at Thomas Ramon Realty at Palmer House Properties. His firm specializes in midtown condos at prices ranging from $80,000 to more than $600,000.
by Vince Cariaga Investor's Business Daily May 17, 2012
Realtors Optimistic On Spring Home Sales Season, As Investors Eye Builders LEN DHI MHO RYL - Investors.com
Realtors Optimistic On Spring Home Sales Season, As Investors Eye Builders LEN DHI MHO RYL - Investors.com
Still, it's hard not to get cautiously upbeat over recent trends that point to an improving U.S. housing market and indicate some further strengthening in months to come.
National real estate analysts and local real estate agents sound encouraged by the state of housing as it enters the stretch drive of the spring home-selling season.
Foot traffic is up, prices are stabilizing by some measures and sales are trending higher. Recent housing statistics suggest the market is at its strongest point in years.
"Demand is up, and the psyche of the consumer is much better than it has been in years," said the National Association of Realtors' Ken Fears, manager of regional economics.
Agents See Change
How much spring homebuying are real estate agents noticing right now? Nate Johnson, with Keller Williams Realty in northern Virginia, says his team is "seeing a lot of buyers out there" and getting multiple offers on short-sale properties. His work is concentrated in Fairfax County, just across the Potomac River from Washington, D.C.
Although down 2.6% monthly in March, the pace of U.S. existing home sales reached its highest level since 2007 in the first quarter, up 4.7% from the previous quarter and more than 5% from the prior year.
Prospects for new home sales are looking better too. Investor optimism has pushed IBD's Building — Residential/Commercial industry group to the top-ranked spot among 197 groups tracked, with Lennar (LEN), Standard Pacific (SPF), MI Homes (MHO), Ryland Group (RYL) and D.R. Horton (DHI) among highly rated stock market performers. Still, after an exuberant rise, several builder stocks gave up some gains Thursday ahead of April home sales numbers due out next week.
Near Washington, D.C., the main challenge now is finding homes people want to sell, Johnson says.
"The inventory is very low in some places," he said. "Many people are upside-down on their mortgages and can't sell."
Short sales occur when more is owed on a home than it sells for, when a lender does agree to a sale.
"A lot of our short-sale inventory are condos," Johnson said. "A lot of investors are snapping those up at inexpensive prices with the idea of renting them out."
Looking For Listings
A lack of inventory is also a problem in certain Atlanta neighborhoods, says Thom Abbott, an associate broker at Thomas Ramon Realty at Palmer House Properties. His firm specializes in midtown condos at prices ranging from $80,000 to more than $600,000.
by Vince Cariaga Investor's Business Daily May 17, 2012
Realtors Optimistic On Spring Home Sales Season, As Investors Eye Builders LEN DHI MHO RYL - Investors.com
Sunday, October 9, 2011
Realty group opens office in Scottsdale
An Australian company has brought a new real-estate-franchise model to Arizona with the recent opening of a Professionals Realty Group USA office in Scottsdale.
The office offers real-estate agents, plus their prospective buyers and sellers, a new approach. The office is headed by Glenn Melton, former CEO of Phoenix-based Realty Executives International.
Melton said Professionals Realty Group USA, which operates under the name ProsUSA, differs from the norm in that members pay a flat-rate monthly franchise fee to the parent organization.
Most real-estate-agency franchisors charge a rate based on the franchise holder's monthly sales.
"The fee models generally in use in the U.S. have contributed to a negative impact on real-estate-broker profitability and therefore viability," Melton said.
Australia-based Professionals Real Estate Group was founded in 1976 and has more than 350 offices around the globe, including locations in New Zealand, Indonesia and Thailand.
The company's U.S. affiliate also has a franchise office in Escondido, Calif., and is looking at opportunities in Kansas, Missouri and Utah, Melton said.
ProsUSA's fixed-cost franchise model includes a one-time initiation fee and a flat monthly fee based on geographic territories in which the franchisee has exclusive rights to operate within the ProsUSA network.
Glyn Morgan, CEO of the Australian parent company, said he spent four years doing research before expanding his company into the U.S.
He said the American housing market's extremely low prices are very appealing to today's foreign investors.
"The U.S. may not see optimal real-estate conditions like these again in our lifetime, and international investors understand today represents the greatest opportunity," Morgan said.
by J. Craig Anderson The Arizona Republic Oct. 7, 2011 02:20 PM
Realty group opens office in Scottsdale
The office offers real-estate agents, plus their prospective buyers and sellers, a new approach. The office is headed by Glenn Melton, former CEO of Phoenix-based Realty Executives International.
Melton said Professionals Realty Group USA, which operates under the name ProsUSA, differs from the norm in that members pay a flat-rate monthly franchise fee to the parent organization.
Most real-estate-agency franchisors charge a rate based on the franchise holder's monthly sales.
"The fee models generally in use in the U.S. have contributed to a negative impact on real-estate-broker profitability and therefore viability," Melton said.
Australia-based Professionals Real Estate Group was founded in 1976 and has more than 350 offices around the globe, including locations in New Zealand, Indonesia and Thailand.
The company's U.S. affiliate also has a franchise office in Escondido, Calif., and is looking at opportunities in Kansas, Missouri and Utah, Melton said.
ProsUSA's fixed-cost franchise model includes a one-time initiation fee and a flat monthly fee based on geographic territories in which the franchisee has exclusive rights to operate within the ProsUSA network.
Glyn Morgan, CEO of the Australian parent company, said he spent four years doing research before expanding his company into the U.S.
He said the American housing market's extremely low prices are very appealing to today's foreign investors.
"The U.S. may not see optimal real-estate conditions like these again in our lifetime, and international investors understand today represents the greatest opportunity," Morgan said.
by J. Craig Anderson The Arizona Republic Oct. 7, 2011 02:20 PM
Realty group opens office in Scottsdale
Realty group opens office in Scottsdale
An Australian company has brought a new real-estate-franchise model to Arizona with the recent opening of a Professionals Realty Group USA office in Scottsdale.
The office offers real-estate agents, plus their prospective buyers and sellers, a new approach. The office is headed by Glenn Melton, former CEO of Phoenix-based Realty Executives International.
Melton said Professionals Realty Group USA, which operates under the name ProsUSA, differs from the norm in that members pay a flat-rate monthly franchise fee to the parent organization.
Most real-estate-agency franchisors charge a rate based on the franchise holder's monthly sales.
"The fee models generally in use in the U.S. have contributed to a negative impact on real-estate-broker profitability and therefore viability," Melton said.
Australia-based Professionals Real Estate Group was founded in 1976 and has more than 350 offices around the globe, including locations in New Zealand, Indonesia and Thailand.
The company's U.S. affiliate also has a franchise office in Escondido, Calif., and is looking at opportunities in Kansas, Missouri and Utah, Melton said.
ProsUSA's fixed-cost franchise model includes a one-time initiation fee and a flat monthly fee based on geographic territories in which the franchisee has exclusive rights to operate within the ProsUSA network.
Glyn Morgan, CEO of the Australian parent company, said he spent four years doing research before expanding his company into the U.S.
He said the American housing market's extremely low prices are very appealing to today's foreign investors.
"The U.S. may not see optimal real-estate conditions like these again in our lifetime, and international investors understand today represents the greatest opportunity," Morgan said.
by J. Craig Anderson The Arizona Republic Oct. 7, 2011 02:20 PM
Realty group opens office in Scottsdale
The office offers real-estate agents, plus their prospective buyers and sellers, a new approach. The office is headed by Glenn Melton, former CEO of Phoenix-based Realty Executives International.
Melton said Professionals Realty Group USA, which operates under the name ProsUSA, differs from the norm in that members pay a flat-rate monthly franchise fee to the parent organization.
Most real-estate-agency franchisors charge a rate based on the franchise holder's monthly sales.
"The fee models generally in use in the U.S. have contributed to a negative impact on real-estate-broker profitability and therefore viability," Melton said.
Australia-based Professionals Real Estate Group was founded in 1976 and has more than 350 offices around the globe, including locations in New Zealand, Indonesia and Thailand.
The company's U.S. affiliate also has a franchise office in Escondido, Calif., and is looking at opportunities in Kansas, Missouri and Utah, Melton said.
ProsUSA's fixed-cost franchise model includes a one-time initiation fee and a flat monthly fee based on geographic territories in which the franchisee has exclusive rights to operate within the ProsUSA network.
Glyn Morgan, CEO of the Australian parent company, said he spent four years doing research before expanding his company into the U.S.
He said the American housing market's extremely low prices are very appealing to today's foreign investors.
"The U.S. may not see optimal real-estate conditions like these again in our lifetime, and international investors understand today represents the greatest opportunity," Morgan said.
by J. Craig Anderson The Arizona Republic Oct. 7, 2011 02:20 PM
Realty group opens office in Scottsdale
Realty group opens office in Scottsdale
An Australian company has brought a new real-estate-franchise model to Arizona with the recent opening of a Professionals Realty Group USA office in Scottsdale.
The office offers real-estate agents, plus their prospective buyers and sellers, a new approach. The office is headed by Glenn Melton, former CEO of Phoenix-based Realty Executives International.
Melton said Professionals Realty Group USA, which operates under the name ProsUSA, differs from the norm in that members pay a flat-rate monthly franchise fee to the parent organization.
Most real-estate-agency franchisors charge a rate based on the franchise holder's monthly sales.
"The fee models generally in use in the U.S. have contributed to a negative impact on real-estate-broker profitability and therefore viability," Melton said.
Australia-based Professionals Real Estate Group was founded in 1976 and has more than 350 offices around the globe, including locations in New Zealand, Indonesia and Thailand.
The company's U.S. affiliate also has a franchise office in Escondido, Calif., and is looking at opportunities in Kansas, Missouri and Utah, Melton said.
ProsUSA's fixed-cost franchise model includes a one-time initiation fee and a flat monthly fee based on geographic territories in which the franchisee has exclusive rights to operate within the ProsUSA network.
Glyn Morgan, CEO of the Australian parent company, said he spent four years doing research before expanding his company into the U.S.
He said the American housing market's extremely low prices are very appealing to today's foreign investors.
"The U.S. may not see optimal real-estate conditions like these again in our lifetime, and international investors understand today represents the greatest opportunity," Morgan said.
by J. Craig Anderson The Arizona Republic Oct. 7, 2011 02:20 PM
Realty group opens office in Scottsdale
The office offers real-estate agents, plus their prospective buyers and sellers, a new approach. The office is headed by Glenn Melton, former CEO of Phoenix-based Realty Executives International.
Melton said Professionals Realty Group USA, which operates under the name ProsUSA, differs from the norm in that members pay a flat-rate monthly franchise fee to the parent organization.
Most real-estate-agency franchisors charge a rate based on the franchise holder's monthly sales.
"The fee models generally in use in the U.S. have contributed to a negative impact on real-estate-broker profitability and therefore viability," Melton said.
Australia-based Professionals Real Estate Group was founded in 1976 and has more than 350 offices around the globe, including locations in New Zealand, Indonesia and Thailand.
The company's U.S. affiliate also has a franchise office in Escondido, Calif., and is looking at opportunities in Kansas, Missouri and Utah, Melton said.
ProsUSA's fixed-cost franchise model includes a one-time initiation fee and a flat monthly fee based on geographic territories in which the franchisee has exclusive rights to operate within the ProsUSA network.
Glyn Morgan, CEO of the Australian parent company, said he spent four years doing research before expanding his company into the U.S.
He said the American housing market's extremely low prices are very appealing to today's foreign investors.
"The U.S. may not see optimal real-estate conditions like these again in our lifetime, and international investors understand today represents the greatest opportunity," Morgan said.
by J. Craig Anderson The Arizona Republic Oct. 7, 2011 02:20 PM
Realty group opens office in Scottsdale
Realty group opens office in Scottsdale
An Australian company has brought a new real-estate-franchise model to Arizona with the recent opening of a Professionals Realty Group USA office in Scottsdale.
The office offers real-estate agents, plus their prospective buyers and sellers, a new approach. The office is headed by Glenn Melton, former CEO of Phoenix-based Realty Executives International.
Melton said Professionals Realty Group USA, which operates under the name ProsUSA, differs from the norm in that members pay a flat-rate monthly franchise fee to the parent organization.
Most real-estate-agency franchisors charge a rate based on the franchise holder's monthly sales.
"The fee models generally in use in the U.S. have contributed to a negative impact on real-estate-broker profitability and therefore viability," Melton said.
Australia-based Professionals Real Estate Group was founded in 1976 and has more than 350 offices around the globe, including locations in New Zealand, Indonesia and Thailand.
The company's U.S. affiliate also has a franchise office in Escondido, Calif., and is looking at opportunities in Kansas, Missouri and Utah, Melton said.
ProsUSA's fixed-cost franchise model includes a one-time initiation fee and a flat monthly fee based on geographic territories in which the franchisee has exclusive rights to operate within the ProsUSA network.
Glyn Morgan, CEO of the Australian parent company, said he spent four years doing research before expanding his company into the U.S.
He said the American housing market's extremely low prices are very appealing to today's foreign investors.
"The U.S. may not see optimal real-estate conditions like these again in our lifetime, and international investors understand today represents the greatest opportunity," Morgan said.
by J. Craig Anderson The Arizona Republic Oct. 7, 2011 02:20 PM
Realty group opens office in Scottsdale
The office offers real-estate agents, plus their prospective buyers and sellers, a new approach. The office is headed by Glenn Melton, former CEO of Phoenix-based Realty Executives International.
Melton said Professionals Realty Group USA, which operates under the name ProsUSA, differs from the norm in that members pay a flat-rate monthly franchise fee to the parent organization.
Most real-estate-agency franchisors charge a rate based on the franchise holder's monthly sales.
"The fee models generally in use in the U.S. have contributed to a negative impact on real-estate-broker profitability and therefore viability," Melton said.
Australia-based Professionals Real Estate Group was founded in 1976 and has more than 350 offices around the globe, including locations in New Zealand, Indonesia and Thailand.
The company's U.S. affiliate also has a franchise office in Escondido, Calif., and is looking at opportunities in Kansas, Missouri and Utah, Melton said.
ProsUSA's fixed-cost franchise model includes a one-time initiation fee and a flat monthly fee based on geographic territories in which the franchisee has exclusive rights to operate within the ProsUSA network.
Glyn Morgan, CEO of the Australian parent company, said he spent four years doing research before expanding his company into the U.S.
He said the American housing market's extremely low prices are very appealing to today's foreign investors.
"The U.S. may not see optimal real-estate conditions like these again in our lifetime, and international investors understand today represents the greatest opportunity," Morgan said.
by J. Craig Anderson The Arizona Republic Oct. 7, 2011 02:20 PM
Realty group opens office in Scottsdale
Realty group opens office in Scottsdale
An Australian company has brought a new real-estate-franchise model to Arizona with the recent opening of a Professionals Realty Group USA office in Scottsdale.
The office offers real-estate agents, plus their prospective buyers and sellers, a new approach. The office is headed by Glenn Melton, former CEO of Phoenix-based Realty Executives International.
Melton said Professionals Realty Group USA, which operates under the name ProsUSA, differs from the norm in that members pay a flat-rate monthly franchise fee to the parent organization.
Most real-estate-agency franchisors charge a rate based on the franchise holder's monthly sales.
"The fee models generally in use in the U.S. have contributed to a negative impact on real-estate-broker profitability and therefore viability," Melton said.
Australia-based Professionals Real Estate Group was founded in 1976 and has more than 350 offices around the globe, including locations in New Zealand, Indonesia and Thailand.
The company's U.S. affiliate also has a franchise office in Escondido, Calif., and is looking at opportunities in Kansas, Missouri and Utah, Melton said.
ProsUSA's fixed-cost franchise model includes a one-time initiation fee and a flat monthly fee based on geographic territories in which the franchisee has exclusive rights to operate within the ProsUSA network.
Glyn Morgan, CEO of the Australian parent company, said he spent four years doing research before expanding his company into the U.S.
He said the American housing market's extremely low prices are very appealing to today's foreign investors.
"The U.S. may not see optimal real-estate conditions like these again in our lifetime, and international investors understand today represents the greatest opportunity," Morgan said.
by J. Craig Anderson The Arizona Republic Oct. 7, 2011 02:20 PM
Realty group opens office in Scottsdale
The office offers real-estate agents, plus their prospective buyers and sellers, a new approach. The office is headed by Glenn Melton, former CEO of Phoenix-based Realty Executives International.
Melton said Professionals Realty Group USA, which operates under the name ProsUSA, differs from the norm in that members pay a flat-rate monthly franchise fee to the parent organization.
Most real-estate-agency franchisors charge a rate based on the franchise holder's monthly sales.
"The fee models generally in use in the U.S. have contributed to a negative impact on real-estate-broker profitability and therefore viability," Melton said.
Australia-based Professionals Real Estate Group was founded in 1976 and has more than 350 offices around the globe, including locations in New Zealand, Indonesia and Thailand.
The company's U.S. affiliate also has a franchise office in Escondido, Calif., and is looking at opportunities in Kansas, Missouri and Utah, Melton said.
ProsUSA's fixed-cost franchise model includes a one-time initiation fee and a flat monthly fee based on geographic territories in which the franchisee has exclusive rights to operate within the ProsUSA network.
Glyn Morgan, CEO of the Australian parent company, said he spent four years doing research before expanding his company into the U.S.
He said the American housing market's extremely low prices are very appealing to today's foreign investors.
"The U.S. may not see optimal real-estate conditions like these again in our lifetime, and international investors understand today represents the greatest opportunity," Morgan said.
by J. Craig Anderson The Arizona Republic Oct. 7, 2011 02:20 PM
Realty group opens office in Scottsdale
Realty group opens office in Scottsdale
An Australian company has brought a new real-estate-franchise model to Arizona with the recent opening of a Professionals Realty Group USA office in Scottsdale.
The office offers real-estate agents, plus their prospective buyers and sellers, a new approach. The office is headed by Glenn Melton, former CEO of Phoenix-based Realty Executives International.
Melton said Professionals Realty Group USA, which operates under the name ProsUSA, differs from the norm in that members pay a flat-rate monthly franchise fee to the parent organization.
Most real-estate-agency franchisors charge a rate based on the franchise holder's monthly sales.
"The fee models generally in use in the U.S. have contributed to a negative impact on real-estate-broker profitability and therefore viability," Melton said.
Australia-based Professionals Real Estate Group was founded in 1976 and has more than 350 offices around the globe, including locations in New Zealand, Indonesia and Thailand.
The company's U.S. affiliate also has a franchise office in Escondido, Calif., and is looking at opportunities in Kansas, Missouri and Utah, Melton said.
ProsUSA's fixed-cost franchise model includes a one-time initiation fee and a flat monthly fee based on geographic territories in which the franchisee has exclusive rights to operate within the ProsUSA network.
Glyn Morgan, CEO of the Australian parent company, said he spent four years doing research before expanding his company into the U.S.
He said the American housing market's extremely low prices are very appealing to today's foreign investors.
"The U.S. may not see optimal real-estate conditions like these again in our lifetime, and international investors understand today represents the greatest opportunity," Morgan said.
by J. Craig Anderson The Arizona Republic Oct. 7, 2011 02:20 PM
Realty group opens office in Scottsdale
The office offers real-estate agents, plus their prospective buyers and sellers, a new approach. The office is headed by Glenn Melton, former CEO of Phoenix-based Realty Executives International.
Melton said Professionals Realty Group USA, which operates under the name ProsUSA, differs from the norm in that members pay a flat-rate monthly franchise fee to the parent organization.
Most real-estate-agency franchisors charge a rate based on the franchise holder's monthly sales.
"The fee models generally in use in the U.S. have contributed to a negative impact on real-estate-broker profitability and therefore viability," Melton said.
Australia-based Professionals Real Estate Group was founded in 1976 and has more than 350 offices around the globe, including locations in New Zealand, Indonesia and Thailand.
The company's U.S. affiliate also has a franchise office in Escondido, Calif., and is looking at opportunities in Kansas, Missouri and Utah, Melton said.
ProsUSA's fixed-cost franchise model includes a one-time initiation fee and a flat monthly fee based on geographic territories in which the franchisee has exclusive rights to operate within the ProsUSA network.
Glyn Morgan, CEO of the Australian parent company, said he spent four years doing research before expanding his company into the U.S.
He said the American housing market's extremely low prices are very appealing to today's foreign investors.
"The U.S. may not see optimal real-estate conditions like these again in our lifetime, and international investors understand today represents the greatest opportunity," Morgan said.
by J. Craig Anderson The Arizona Republic Oct. 7, 2011 02:20 PM
Realty group opens office in Scottsdale
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