If there is one deliverable at NAHREP that stands out above the rest, it is leadership development. Knowing that every year NAHREP “graduates” 60+ chapter presidents who have managed a board, organized events, and improved their presentation skills, gives me a great sense of pride. During our short tenure, NAHREP has produced some of the most impressive leaders in the market today. Our current national president, Leo Pareja, is at the top of that list. Leo possesses a rare combination of analytical skills, work ethic and people skills. He can sit down and talk shop with any top Realtor® and also share a cigar with the CEO of a major financial institution. He is the consummate entrepreneur and is nicely positioned to put a dent in the universe in the coming years. NAHREP hosts its annual Leadership Academy next year in Washington, DC in February. All of NAHREP’s top leaders will be in attendance.
It has been long understood that a nation of stakeholders makes for a strong union, and for that reason, closing the minority homeownership gap has been a goal and a topic of discussion for decades.
Between 2008 and 2012, more than six million people lost their homes to foreclosure, property values lost almost 40%, and non-distressed home sales fell to all-time lows. It was, without question, the worst real estate market since the great depression. Not surprisingly, the historic dip in the market was followed by a decade-long bull market, the likes of which we have never seen before. Residential real estate is a cyclical market. The...
There is a saying that goes “when the tide rolls back, you can see who is swimming naked”. When the market is strong, it covers a lot of weaknesses. With interest rates moving up, inflation on the rise, and the economy heading towards a possible recession, we’ll find out soon how solid the foundation of the real estate market has been, and more importantly, which companies and agents have built a strong, recession-proof business.