In August, the National Association of Realtors® released the 2017 Profile of Real Estate Firms, which provides insight into the business characteristics and activity of real estate firms, the benefits and education provided to agents, and an outlook for the future.
The report’s findings are based on a survey of firm executives who are members of NAR, and found that keeping up with technology, maintaining sufficient inventory, competition from nontraditional market participants and profitability are among the biggest challenges for real estate firms.
The Texas Association of REALTORS® Relief Fund helps people who've suffered losses due to natural disasters in Texas. Currently, the fund is accepting applications from individuals who (i) have suffered damage to their property or (ii) have been displaced (either temporarily or permanently), as a result of the severe weather and flooding event which began August 25, 2017. Donate now to help the victims of Hurricane Harvey. Click here to donate or apply for assistance.
Join Business After Hours at Railhead located at 120 S Ranch House Rd in Willow Park for networking and a free CE credit - Foundation Repair & Maintenance 101. This is a free event. No registration required. The CE class starts at 4, so please arrive early if you plan to get credit. Click here to RSVP on Facebook.
Foundation Repair & Maintenance 101: Course 30865, Provider 9987
Fort Worth home sales raised 5.6 percent to 1,174 homes in May 2017. The median price for Fort Worth homes increased 12.8 percent year-over-year to $211,000 in May 2017.
Fort Worth’s monthly housing inventory was 2.0 months in May 2017, 0.2 months less than the year prior. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.
Homes spent an average of 59 days on the market in May 2017, five days less than January 2016. Additionally, active listings increased 12 percent to 1,994 listings during the same time frame.
Is your IABS form filled out and posted to all your business websites?
“We’re emphasizing IABS rules because far too many license holders are still not in compliance,” says Texas Real Estate Commission Chairman Avis Wukasch. “Also, now that the requirement for license holders to identify themselves in advertising as a licensed broker or agent has been eliminated, it makes the proper display and delivery of the IABS notice even more important for consumer protection.”