LeadingRE Housing Beat: Sluggish but We See Light at the End of the Tunnel
Overabundant supply has been one of the hurdles in the market, and nearly 20% of brokers are seeing a decline in inventory from a year ago, which has not been the case in the last several months. While the vast majority (82%) indicates that prices are down in the past year, 75% of those indicated that the decline was less than 10%, and 33% indicated a decline of under 5%.
Interestingly, with all of the focus on foreclosures, only a third said that such properties have had a significant impact on prices in their area, which is consistent with the fact that the majority of foreclosures are occurring in about eight states.
Experiences were mixed in terms of which market segments were the slowest in this environment, with 31% indicating the mid-range “move-up” market, 55% pointing to the high-end market, and 13% saying that the first-time buyer market is the most sluggish.
Respondents were from all areas of the country: Southeast 38%; Northeast 29%; Midwest 17%; Southwest 14%; and Western states 6%.
The Leading Real Estate Companies of the World® (LeadingRE) network is comprised of nearly 700 of the top locally-branded companies in the country, with 5,500 offices and annual homes sales of $370 billion in 2007, more than any national franchise brand. The organization also has members in 38 countries abroad.
“We believe our affiliates represent a good cross-section of the U.S. brokerage community because many of these firms are the market leaders in their areas and encompass a large number of transactions. The findings from this month’s ‘Housing Beat’ survey mirror what others in the industry are reporting – that we are not out of the woods yet, but that inventory is beginning to be absorbed, financing difficulties have eased, sellers are more realistic about pricing and buyers are growing impatient with waiting to purchase their next home.”
# # #
Leading Real Estate Companies of the World
161 N Clark Street, Ste 1250
Chicago IL 60601
Robin LaSure, 312-424-0436, email@example.com
About Leading Real Estate Companies of the World®
Leading Real Estate Companies of the World® (www.LeadingRE.com) is a global real estate network comprised of nearly 700 of the best-known local and regional real estate firms. With more than 5,000 offices and 145,000 sales associates in the United States and 35 countries abroad, LeadingRE affiliates sell over $400 billion in home sales representing more than 1.3 million transactions annually, outselling any national franchise and leading the nation in the sales of $1 million-plus homes. Seven of the United States’ top 10 real estate firms are LeadingRE affiliates.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release LeadingRE Housing Beat: Sluggish but We See Light at the End of the Tunnel here
News-ID: 48911 • Views: 763
More Releases from Leading Real Estate Companies of the World
Steve Harney and Matthew Ferrara to Serve as Deans of Institute 2.0 for Leading …
CHICAGO– (2/24/11) – Leading Real Estate Companies of the World® is proud to announce the appointment of Steve Harney and Matthew Ferrara as Deans of Institute 2.0, LeadingRE's learning platform. Harney will serve as the Dean of the School of Agent Excellence, and Ferrara has been appointed as the Dean of the School of Innovation. Both individuals bring a wealth of world-class experience and knowledge to their roles and
Mike Staver Makes Association Meetings Circuit 40 Hottest Speakers List
CHICAGO – (1/26/11) – Mike Staver, CEO of The Staver Group and LeadingRE’s Chief Learning Officer for Institute 2.0, is being honored as one of today's 40 hottest speakers on the association meetings circuit by Speak Inc. Speakers Bureau. The acknowledgement comes as association meeting planners are looking to book experiential keynote speakers for corporate conferences. As a business coach and leadership consultant, Staver is noted for his impactful keynote presentations,
Leading Real Estate Companies of the World® Members Lead the Way with Adoption …
CHICAGO – (1/24/11) – A recent survey of Leading Real Estate Companies of the World® and Luxury Portfolio International™ member firms indicated that many are using Quick Response (QR) codes to promote their businesses and home listings. Mirroring this trend, Luxury Portfolio International™, the luxury face of Leading Real Estate Companies of the World® (LeadingRE), recently introduced QR codes in its full-page advertisements in The Wall Street Journal European
Leading Real Estate Companies of the World® and Distressed Property Institute J …
CHICAGO – (1/18/11) – Leading Real Estate Companies of the World® (LeadingRE) has joined forces with Distressed Property Institute (DPI) to provide timely instruction and certifications to the 150,000 sales associates affiliated with the network. DPI confers two major designations, available at a discount to LeadingRE members: the Certified Distressed Property Expert® (CDPE) Designation and the Certified Investor Agent Specialist™ (CIAS) Designation. The CDPE Designation provides agents with
More Releases for World®
World Record Cryptocurrency Meetup
Bitcoin Ben and the Wild West Crypto Show team up to host the Guinness Book of Worlds Record Worlds Largest Crypto Meetup at the Buggy Barn Museum in Blanco Texas April 6 2019. Kerrville, Texas, Jan 11, 2019 -- Join Bitcoin Ben, the Wild West Crypto Show and thousands of the worlds top Cryptocurrency Influencers, experts, youtube sensations, artists, radio and tv personalities and the CryptoCurious for a journey back in
1001 Optical World Square
Great lenses, great frames, great optical services, right where you need them in World Square, Sydney Great lenses, great frames, great optical services, right where you need them in World Square, Sydney Shop 9.09A, LG Level, World Square Shopping Centre, 680 George Street, Sydney, NSW 2000
22nd World Cardiology Conference
Diabetes Mellitus: A Major Risk Factor for Heart Diseases There has been a dramatic increase in the incidence of Diabetic heart disease worldwide, which has been exacerbated by the growing risk factors including Hypertension, abnormal blood lipids and obesity. Diabetic heart disease" (DHD) refers to heart disease that develops in people who have diabetes. If you have diabetes you are two to four times more prone to cardiovascular disease that affect
Sharp World Group
In order to develop production, it is necessary to continuously improve performance and introduce modern methods of work. As new technologies appear, enterprises strive to modify equipment they use in order to improve quality of products they propose. Such changes directly affect formation of consumer’s goods loyalty that, in its turn, ensures a stable profit and revenue for the company. Sharp World Group is one of the leading companies that manufactures
World Retina Day 2016
On World Retina Day, Saturday September 24th 2016, Retina International urges the Global Retina Community to advocate for access to Genotyping services that will expedite the development of therapies for unmet need. Retinal Diseases are among the most common causes of vision loss in the global working population. The impact of these conditions on quality of life, be they rare and inherited or age-related, is immense. However there is
World Beneath World Releases "Nein" in Europe
Berlin -- American hard rock and heavy metal group World Beneath World, have released their new album "Nein" in the EU via DSN Music. World Beneath World features veteran rocker John Bone on vocals, Razz Callahan on guitar, Ricky Lee on bass and Ken Poland drums. The nine track release "Nein" was produced and engineered by rock industry legend Sterling Winfield, who oversaw projects for acts such as Pantera, Mudvayne, Damageplan,