Next month an expected 22,000 Realtors® and guests will gather in San Francisco for the 2013 Realtors® Conference and Expo, Nov. 8-11. Joining them will be industry experts, lawmakers and federal agency officials who will engage in panel discussions and programs that focus on real estate issues in the residential and commercial markets.
Despite their extensive knowledge of the real estate transaction, many Realtor® professionals didn’t start out in the real estate industry.
According to the NAR 2013 Member Profile, NAR members come from diverse backgrounds. Nineteen percent of those surveyed worked in management, business or the financial sector before becoming Realtors®; another 15 percent reported a sales or retail background, and a combined 16 percent reported a background in education or providing office or administrative support.
Purchasing a home is an investment in a buyer’s future and is likely the biggest financial investment he or she will make in a lifetime. To achieve homeownership, buyers are often willing to make compromises or sacrifices to help make their home buying dreams come true. According to the NAR 2012 Home Buyer and Seller Survey, recent home buyers were often willing to make sacrifices on price, size and condition of the home they purchased, and households with children under 18 were the most likely to make those sacrifices.
Optimism is abundant among real estate firms across the country, according to the NAR 2013 Profile of Real Estate Firms, which found that 69 percent of all firms expect profitability to grow over the coming year.
There may be less commercial rental space available in the coming year and renters should expect to pay more for apartments
Going green has proven to be more than a trend; many people seek out this way of living.