Information about Real Estate Trends
Real estate trends is a generic term used to describe any consistent pattern or change in the general direction of the real estate industry which, over the course of time, causes a statistically noticeable change. This can be a result of the economy, a change in mortgage rates, consumer speculations, or other fundamental and non-fundamental reasons [1].
A real estate trend is the catalyst for the change, and it is usually a concept, a belief, a philosophy, or an event. Sometimes a real estate trend evolves to meet a specific need, while others evolve when new products or solutions are launched. For example, when more lenders began offering creative financing products, more borrowers were able to afford a mortgage (at least on paper). At other times, a trend from another industry spills over into the real estate industry and is adopted.
Therefore, a trend must have substance and be based on fact. Over time, it will cause pattern of change. Monitoring changes and tracking trends is a not an exact science and can be very hard to predict.
The residential real estate brokerage industry is approximately half way through a 10 -15 year industry transition. [2] This major shift is creating a fundamental change in the way homes are being bought and sold and the role the real estate agents are playing therein.
Consumers refers to individuals or households that purchase and use goods and services generated within the economy. The concept of a consumer is used in different contexts, so that the usage and significance of the term may vary.
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A real estate trend is the catalyst for the change, and it is usually a concept, a belief, a philosophy, or an event. Sometimes a real estate trend evolves to meet a specific need, while others evolve when new products or solutions are launched. For example, when more lenders began offering creative financing products, more borrowers were able to afford a mortgage (at least on paper). At other times, a trend from another industry spills over into the real estate industry and is adopted.
Therefore, a trend must have substance and be based on fact. Over time, it will cause pattern of change. Monitoring changes and tracking trends is a not an exact science and can be very hard to predict.
The residential real estate brokerage industry is approximately half way through a 10 -15 year industry transition. [2] This major shift is creating a fundamental change in the way homes are being bought and sold and the role the real estate agents are playing therein.
Recent Trends
U.S. Government involvement in real estate brokerage competition
The United States Department of Justice Antitrust Division announced the launch of a new web site in October 2007 to "educate consumers and policymakers about the potential benefits that competition can bring to consumers of real estate brokerage services and the barriers that inhibit that competition." Among other findings, they report that new sales models can reduce consumer home sales costs "by thousands of dollars. For example, in states that allow open competition, some buyer's brokers rebate up to two-thirds of their commission to the customer, and some seller's brokers offer limited-service packages that let sellers list their homes on the local multiple listing service (MLS) for as little as a few hundred dollars."[3] The DOJ web site, Competition and Real Estate, includes a link to the real estate laws of each U.S. state and how they support or inhibit real estate brokerage competition.Reports on Trends
) 2007 Swanepoel Trends Report Published by RealSure, Inc. |
References
See also
- Realtor
- Independent contractor
- Real estate broker
- United States housing bubble
- Real Estate Transaction Specification (RETS)
- Multiple Listing Service (MLS)
- Reduced-commission MLS Listings
- Internet Data Exchange (IDX)
- Pocket listing (or exclusive listing)
- List of real estate topics
External Links
- Real Estate Market Trends
- Economic and Real Estate Trends Report
- Relation of Real Estate Prices to Fundamentals
- Real Estate Trends Report
Property law
Part of the common law series
Acquisition of property
Gift · Adverse possession · Deed
Lost, mislaid, and abandoned property
Alienation · Bailment · License
Estates in land
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Part of the common law series
Acquisition of property
Gift · Adverse possession · Deed
Lost, mislaid, and abandoned property
Alienation · Bailment · License
Estates in land
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Creative Financing is a term used widely amongst real estate investors to refer to non-traditional means of real estate financing, or financing techniques not commonly used.
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Property law
Part of the common law series
Acquisition of property
Gift · Adverse possession · Deed
Lost, mislaid, and abandoned property
Alienation · Bailment · License
Estates in land
..... Click the link for more information.
Part of the common law series
Acquisition of property
Gift · Adverse possession · Deed
Lost, mislaid, and abandoned property
Alienation · Bailment · License
Estates in land
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A real estate broker is a party who acts as an intermediary between sellers and buyers of real estate and attempts to find sellers who wish to sell and buyers who wish to buy.
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A real estate broker is a party who acts as an intermediary between sellers and buyers of real estate and attempts to find sellers who wish to sell and buyers who wish to buy.
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Motto
"In God We Trust" (since 1956)
"E Pluribus Unum" ("From Many, One"; Latin, traditional)
Anthem
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"In God We Trust" (since 1956)
"E Pluribus Unum" ("From Many, One"; Latin, traditional)
Anthem
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Department of Justice
Official seal
Agency overview
Formed June 22, 1870
July 1, 1870
Jurisdiction Federal government of the United States
Headquarters Robert F. Kennedy Building, Washington, D.C.
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Official seal
Agency overview
Formed June 22, 1870
July 1, 1870
Jurisdiction Federal government of the United States
Headquarters Robert F. Kennedy Building, Washington, D.C.
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United States
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- Sherman Antitrust Act
- Clayton Antitrust Act
- Robinson-Patman Act
- Federal Trade Commission Act
- Essential facilities doctrine
- Noerr-Pennington doctrine
- Rule of reason
- European Community
competition law
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October 2007 is the tenth month of that year. It began on a Monday and will end after 31 days on a Wednesday.
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International holidays
- October 2 - Gandhi Jayanti (India)
- October 3 - Last 3rd of Ramadan which includes Laylat al-Qadr (Islamic)
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- Heterotroph.
Consumers refers to individuals or households that purchase and use goods and services generated within the economy. The concept of a consumer is used in different contexts, so that the usage and significance of the term may vary.
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An independent contractor is a natural person, business or corporation which provides goods or services to another entity under terms specified in a contract. Unlike an employee, an independent contractor does not work regularly for an employer but works as and when required,
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A real estate broker is a party who acts as an intermediary between sellers and buyers of real estate and attempts to find sellers who wish to sell and buyers who wish to buy.
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United States housing bubble is the economic bubble in many parts of the U.S. housing market that has existed since roughly 2001, especially in populous areas such as California, Florida, New York, the suburbs of Chicago and Detroit in the Midwest, the BosWash megalopolis, and the
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RETS is an acronym which stands for 'Real Estate T''ransaction Standard
RETS was created to overcome the difficulties presented by the existence of a large number of organizations desiring to share and distribute real estate information with others.
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RETS was created to overcome the difficulties presented by the existence of a large number of organizations desiring to share and distribute real estate information with others.
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Multiple Listing Service (MLS) (also Multiple Listing System or Multiple Listings Service) is a database which allows real estate brokers representing sellers under a listing contract to widely share information about properties with real estate brokers who may
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Flat fee MLS (sometimes referred to as "flat rate mls" or "fixed fee mls") refers to the practice in the real estate industry of placing pertinent information about a property for sale into the database of the local Multiple Listing Service (MLS) for a set fee or
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An Internet Data Exchange (IDX) is a real estate property search site which allows the public to conduct searches of approved Multiple Listing Service properties in a certain area.
Site users generally gain the benefit of anonymous property searching and review.
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Site users generally gain the benefit of anonymous property searching and review.
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A pocket listing is a real estate industry term used in United States which denotes a property where a broker holds a signed listing agreement (or contract) with the seller, whether that be an "Exclusive Right to Sell" or "Exclusive Agency" agreement or contract, but where it is
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This aims to be a complete list of the articles on real estate.
: Top - 0–9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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: Top - 0–9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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- 72-hour clause
A
- Abstract of title
- Acknowledgment
- Acre - A measure of land
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