The NAHREP national convention has evolved into one of the hottest housing events of the year. This year’s convention features President George W. Bush, Phoenix Suns head coach, Earl Watson, and a long list of industry leaders and top producing practitioners. My favorite part of the conference each year is observing first-hand the pride and strong sense of ownership that our members have for this event. Seeing our members greet each other is one of the most beautiful things I get to do. Expect great presentations and a top tier production, but the energy and the people are what make the event what it is – life changing. I can’t wait!
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.