NAR

South Florida Foreign Real Estate Buyer Share is Nine Times Larger than U.S. Figure; New MIAMI REALTORS® International Report Released Today

Retrieved on: 
Tuesday, December 5, 2023
Telephone numbers in Hungary, International, Real estate, Annual report, Cultural diversity, NAR, Fintech, Drug, Citrus, MIAMI

South Florida foreign buyer share --- foreign buyer residential purchases as a percent of dollar closed sales --- increased to 18% in 2023. That is nine times larger than the U.S. figure (2%) and more than two times larger than Florida (6%). Access the MIAMI report here: https://bit.ly/2023MIAMIGlobalStudy

Key Points: 
  • South Florida foreign buyer share increased year-over-year and is now nine times larger than the U.S. figure, according to the new 2023 Profile of International Home Buyers of the MIAMI Association of Realtors (MIAMI) released today.
  • MIAMI, Dec. 5, 2023 /PRNewswire-PRWeb/ -- South Florida foreign buyer share increased year-over-year and is now nine times larger than the U.S. figure, according to the new 2023 Profile of International Home Buyers of the MIAMI Association of Realtors (MIAMI) released today.
  • South Florida foreign buyer share --- foreign buyer residential purchases as a percent of dollar closed sales --- increased to 18% in 2023.
  • That is nine times larger than the U.S. figure (2%) and more than two times larger than Florida (6%).

Germany Again Leads All Global Countries Searching Miami Real Estate; Georgia Top State Searching

Retrieved on: 
Monday, December 4, 2023
Real estate, National Association, City, NAR, MIAMI, Hong Kong

MIAMI, Dec. 4, 2023 /PRNewswire-PRWeb/ -- Germany posted the most global web searches for South Florida real estate in October 2023, according to a new report by the MIAMI Association of REALTORS® (MIAMI). Germany has now led the rankings for two consecutive months.

Key Points: 
  • Argentina purchased the most South Florida real estate among foreign countries in 2022, according to the 2022 Profile of International Home Buyers of MIAMI Association of REALTORS® (MIAMI) Members.
  • Colombia (13%), Peru (8%), Canada (8%) and Venezuela (6% rounded out the top 5, respectively.
  • 1 destination for foreign buyers from Colombia, Canada and other countries, according to the study.
  • Miami remains a bargain for prime property ($1M and up) compared to other global cities, according to the 2023 Knight Frank Wealth Report.

Silverton Mortgage Offers New Loans With 100% Financing

Retrieved on: 
Thursday, November 30, 2023
Naming convention (programming), USDA, Down payment, Convention (norm), National Association, FHA, Veteran, Partnership, NAR, Real estate, Bank

ATLANTA, Nov. 30, 2023 /PRNewswire-PRWeb/ -- Hundreds of thousands of Americans are currently considering homeownership, but are facing a major hurdle of a down payment on a new home. According to the National Association of Realtors® (NAR), the median sales price for existing homes in January 2023 was $359,000, which means that a potential homeowner trying to save up a 10% down payment would need close to $40,000.

Key Points: 
  • Silverton Mortgage, a leading direct residential mortgage lender, has programs that can help potential home buyers obtain a mortgage loan with no cash down.
  • - Dan Dadoun, president of Silverton Mortgage
    Silverton Mortgage, a leading direct residential mortgage lender, has programs that can help potential home buyers obtain a mortgage loan with no cash down.
  • "We know that homeownership is becoming increasingly difficult for the average American to achieve," said Dan Dadoun, president of Silverton Mortgage.
  • Silverton also offers 100% financing options through both VA and USDA loans.

Clever Real Estate Finds 42% of Home Sellers Don't Know They Are Expected to Pay the Buyer's Agent Commission in Light of Recent NAR Lawsuit

Retrieved on: 
Monday, November 20, 2023
Real estate, National Association of Realtors, NAR, National Association, Trustpilot

ST. LOUIS, Nov. 20, 2023 /PRNewswire/ -- Clever Real Estate, a fast-growing real estate technology company, has emerged as an unrivaled expert in commission rates following the recent landmark case involving the National Association of Realtors (NAR). Since 2017, Clever has negotiated real estate commissions with top-producing agents nationwide for over 20,000 home sellers and has conducted numerous surveys and studies over the years highlighting Americans' views on commission rates.

Key Points: 
  • Clever Real Estate has negotiated discounted rates for over 20,000 home sellers since 2017, positioning itself as a leading authority in the wake of recent headlines surrounding agent commission rates.
  • ST. LOUIS, Nov. 20, 2023 /PRNewswire/ -- Clever Real Estate , a fast-growing real estate technology company, has emerged as an unrivaled expert in commission rates following the recent landmark case involving the National Association of Realtors (NAR).
  • In surveys of 1,000 Americans , Clever found that 66% of non-homeowners — and 42% of home sellers — don't know they are expected to pay the buyer's agent commission.
  • However, 72% of sellers who worked with an agent believe a good agent is worth every penny of their commission.

CALIFORNIA ASSOCIATION OF REALTORS® installs 2024 Leadership team

Retrieved on: 
Monday, November 20, 2023
National Association, Conference, Trustee, Employment, Expo, NAR, Committee on Finance, Policy, Sebree, Kentucky, Organization, OHSAS 18001, State Government Affairs Council, Chamber, Commerce, Government, Multimedia, House, United States Navy, Federal, Tax, Public policy, Professional, Council, Yosemite National Park, Regulation, Strategic planning, National War Finance Committee, Real estate, Management, Film industry

has installed its 2024 Leadership Team.

Key Points: 
  • has installed its 2024 Leadership Team.
  • At the national level, Barker has been active with the National Association of REALTORS®' Board of Directors since 2012.
  • She then was 2008 and 2015 president of that local Association, which merged with the Fresno Association of REALTORS® in 2016.
  • At the state level, Peterson has served as a State Director for the CALIFORNIA ASSOCIATION OF REALTORS® since 2001.

More Than 80% of Metro Areas Registered Home Price Increases in Third Quarter of 2023

Retrieved on: 
Thursday, November 9, 2023
Family, Federal, Congress, Federal Reserve, NAR, Reading, Housing, National Association, Real estate, Harbor, Video game

Single-family existing-home sales prices rose in 82% of measured metro areas – 182 of 221 – in the third quarter, up from 58% in the previous quarter.

Key Points: 
  • Single-family existing-home sales prices rose in 82% of measured metro areas – 182 of 221 – in the third quarter, up from 58% in the previous quarter.
  • Eleven percent of the 221 tracked metro areas registered double-digit price increases over the same period, up from 5% in the second quarter.
  • Among the major U.S. regions, the South saw the largest share of single-family existing-home sales (46%) in the third quarter, with year-over-year price appreciation of 1.7%.
  • First-time buyers typically spent 40.4% of their family income on mortgage payments, up from 38.2% in the prior quarter.

12,000 Realtors® to “Own the Moment” at NAR NXT Annual Conference & Expo in Anaheim

Retrieved on: 
Wednesday, November 8, 2023
National Association, Education, Sport, Government, ChatGPT, Berkshire Hathaway, Thau, Growth, NAR, Advocacy, Federal Legislative Council (Malaya), Pro Football Hall of Fame, Real estate, Property management, Ethics

Washington, D.C., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Realtors® from across the country and the world will converge on Anaheim, California, November 14–16 for 2023 NAR NXT, The Realtor® Experience , NAR’s annual conference and expo – the premier global event for real estate professionals.

Key Points: 
  • Washington, D.C., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Realtors® from across the country and the world will converge on Anaheim, California, November 14–16 for 2023 NAR NXT, The Realtor® Experience , NAR’s annual conference and expo – the premier global event for real estate professionals.
  • “Own the Moment” is the theme for this year’s in-person and virtual event hosted by the nation’s largest trade association.
  • Nearly 12,000 NAR members and industry stakeholders from all 50 states, several U.S. territories and 40 countries will join.
  • Participants can choose from more than 100 education sessions and interact with more than 350 exhibitors at the real estate industry’s largest trade show.

The Battle Cry for Real Estate's Future: Real Messenger Rallies Agents Amidst NAR Lawsuit

Retrieved on: 
Wednesday, November 8, 2023
Commercial Building & Real Estate, Software, Social Media, Construction & Property, Communications, Technology, Apps, Applications, Residential Building & Real Estate, Destiny, Human, Environment, Policy, NAR, Messenger, Zillow, Entrepreneurship, Giant, Communication, Multimedia, Real estate, Design, Redfin

Real Messenger, Inc. is leading the charge with its #AgentsForAgents campaign, mobilising the agent community in defence of their profession and livelihood.

Key Points: 
  • Real Messenger, Inc. is leading the charge with its #AgentsForAgents campaign, mobilising the agent community in defence of their profession and livelihood.
  • The campaign calls on agents to take the following actions:
    Showcase your support by adopting the #AgentsForAgents banner on Real Messenger and other social profiles.
  • Real Messenger represents a new paradigm in AGENT EMPOWERMENT:
    Real Messenger is not just an app; it's a revolution.
  • Real Messenger isn't just supporting agents; it's transforming their role in the digital age.

Buffini & Company CEO Dermot Buffini Shares How to Seize the Opportunities Ahead in Shifting Real Estate Market

Retrieved on: 
Tuesday, November 7, 2023
Great Recession, NAR, Anaheim Convention Center, Buffini, Global recession, National Association, Real estate

CARLSBAD, Calif., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Dermot Buffini, the CEO of Buffini & Company, will be a featured speaker on Nov. 15 at the 2023 NAR NXT, The REALTOR® Experience.

Key Points: 
  • CARLSBAD, Calif., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Dermot Buffini, the CEO of Buffini & Company, will be a featured speaker on Nov. 15 at the 2023 NAR NXT, The REALTOR® Experience.
  • Buffini will focus on how agents can avoid chaos, earn more listings and win in the market place in 2024.
  • The conference is expected to draw more than 10,000 real estate professionals to the Anaheim Convention Center in Anaheim, Calif., Nov. 14-16.
  • “At Buffini & Company, we’re working with our clients to help them view the season ahead as an opportunity they can prepare, learn, and grow,” Buffini said.

Over Half of U.S. Real Estate Professionals Experienced a Seller Impersonation Fraud Attempt in 2023

Retrieved on: 
Tuesday, November 7, 2023
Software, Banking, Professional Services, Fintech, Payments, Technology, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Security, Insurance, Finance, Sale, Prevalence, Fraud, Research, NAR, Secret Service, Record, Acceleration, National Association, Real estate, Cryptocurrency

CertifID, a leading wire fraud protection company, today announced new survey data that shows the prevalence and acceleration of seller impersonation fraud attempts against U.S. property owners.

Key Points: 
  • CertifID, a leading wire fraud protection company, today announced new survey data that shows the prevalence and acceleration of seller impersonation fraud attempts against U.S. property owners.
  • According to an October 2023 survey from CertifID, 54% of real estate professionals reported having experienced at least one seller impersonation fraud attempt within the past six months.
  • Meanwhile, 77% of real estate professionals surveyed claimed to have seen an increase in seller impersonation fraud attempts within the same period.
  • In 2023 to date, CertifID has identified 2,239 cases of suspected seller impersonation fraud for existing customers.