Looking To Get A Real Estate License? Condos Poised To Make A Comeback Across The Country!

For those of you who put off earning your real estate license, one of the most common reasons is “What if I missed the ‘Good’ market?” There is an almost universal fear that becoming a real estate agent at the wrong time will mean you ca’t succeed.

I have two things to say to that:

1.) First of all, there is no “Good” or “Bad” time to get your real estate license. There are only “Motivated” and “Unmotivated” agents. If you have the rigt attitude, there are opportunities to succeed in even the worst markets.

2.) We are poised to see huge gains in the coming years. Check out this recent article from Realtor.org:

“Condos are regaining favor after a surge in rental demand pushed the U.S. apartment-vacancy rate to the lowest level in a decade, sending urban rents soaring, while the inventory of for-sale housing remains historically low,” Bloomberg reports.

“We’re in the very early stages of a long recovery in condos,” says Sam Khater, deputy chief economist for CoreLogic. “Now you’re seeing rental booming, but today’s renters are going to be tomorrow’s condo buyers.”

During the housing crisis, condo builders faced particular hardship as buyers canceled purchases once home prices began to fall. With condos, developers make a gamble by spending money to build the projects before deals are completed, which can make condos one of the riskiest forms of residential property, says real estate consultant John Burns.

If you are serious about succeeding in real estate, then get serious and get your real estate license online now. If you have the drive, the possibilities are endless!



More Great News For Those Looking To Get Earn their Real Estate License

January is the month many people think about making a career change. For those contemplating earning their real estate license, the market news couldn’t be better. The National Association of Realtors just released a report showing that home sales in 2013 rose to their strongest level in 7 years! And NAR president Steve Brown sees that trend holding for 2014.

So if you have been thinking about getting your real estate license online, now is the time. With the great opportunities in online education for Real Estate agents, you can get your license in a matter of weeks and start your real estate career this year!

Read all the great news for up-and-coming Real Estate Agents at Realtor.org:

“Existing-home sales have risen nearly 20 percent since 2011, with job growth, record low mortgage interest rates, and a large pent-up demand driving the market,” says Lawrence Yun, NAR’s chief economist. “We lost some momentum toward the end of 2013 from disappointing job growth and limited inventory, but we ended with a year that was close to normal given the size of our population.”

Existing-home sales rose 1 percent in December 2013 compared to November and reached a seasonally adjusted annual rate of 4.87 million.

Existing-home sales for all of 2013 reached 5.02 million sales, 9.1 percent higher than 2012, and the largest rise since 2006 when sales were at 6.48 million at the close of the housing boom, NAR reports.  

Home prices were also on the rise in 2013, up 11.5 percent over 2012, with a median existing-home price of $197,100 last year compared to $176,800 in 2012. It was the strongest gain in home prices in a year since 2005, when home prices rose 12.4 percent, NAR reports.

NAR President Steve Brown says that with job growth expected this year, home sales should hold despite rising home prices and higher mortgage rates.


Great News For Soon To Be New Real Estate Agents

Some great news was recently released for those of you looking to get your real estate license online. Last week, the National Association of Realtors sent a letter announcing that Realtorr.com will not move forward with it’s plans for the AgentMatch program.

The details of the program had many agents upset and would have proven to be a huge barrier to entry for any agent trying to start a career in the real estate field. The main focus on the program was publicizing agent production numbers and matching potential clients with the highest producing agents.

We are thrilled to see this program is shelved!

From Realtor.com:

Move Inc., the San Jose, Calif.-based company that operates realtor.com®, has concluded a pilot program it was running in two markets on a product that would match potential sellers with agents in their area. The test of AgentMatch, which operated in Boulder, Colo., and Las Vegas starting in July, was the subject of some discussion, debate, and concern among NAR members.

Some real estate practitioners vocalized their worries on social media that AgentMatch — which ranked practitioners in each market based on sold data from MLSs, including their number of recent sales, list-to-price ratio, and average days on market for their listed homes — created an unfair advantage for some agents. For example, an agent with very low production volume could still show as a top agent in a specific area if he or she had recently sold there. That could edge out other local agents with far higher production levels and better results just because they hadn’t sold in that area, critics argued.

Buyers Plan To Be Active This Winter

The conventional wisdom for real estate agents is that the market slows down in the winter. This may not be the case this winter as Buyers indicated in a new Poll published by Realtor.com:

Home buyers who weren’t successful this summer at finding a home due to limited inventories and competition from all-cash offers are looking to retry their luck in the winter, according to realtor.com®’s Winter Home Buyer Report.

“This summer and spring, home-buying season was particularly challenging for buyers, especially first-time home buyers trying to compete with all-cash offers and bidding wars because of reduced inventory,” says Alison Schwartz, vice president of corporate communications at realtor.com®. “In fact, a quarter of the winter home buyers revealed they are in the market now because they were unable to find a home during this last home-buying season.”

But winter home buyers know they’ll face some challenges. Forty-five percent of those surveyed say they believe they will be up against inventory challenges again, with few homes for sale within the price range they desire. Twenty-nine percent also say that winter weather makes house-hunting unpleasant.

This winter slowdown is often a reason potential real estate agents give for not pursuing their real estate license online. They figure they will wait until spring when things start to heat up. With this crazy market, don’t put it off. Now is the time to get your real estate license.


Can a Newly Licensed Real Estate Agent Sell Luxury Homes?


Next question.

There is a common misconception out there that agent who have just earned their real estate license can’t be successful selling high-end homes. the conventional wisdom is that you have to start your career as an agent selling first time homes, slowly work your way up, and after 15-20 years, you can “make it” selling luxury homes. This simply isn’t the case.

In fact, we know many agent in the business who jumped right into selling luxury homes and never looked back.

Need more incentive? The latest mortgage rates are favoring jumbo loans (mortgages for much more expensive homes that traditional mortgage). In fact, these Jumbo loans actually have lower rates than the standard loans for most home buyers (see the article here).

If you are seriously considering earning your real estate license online, don’t limit yourself by ruling out the luxury market. Think big!

July Sales: What Lower Numbers Mean For Newer Agents

If you are like hundreds of potential agents out there, the latest housing boom has gotten you interested in pursuing your real estate license online. With all of the news this year about the rising market and increases in sales, many of those on the sidelines have started earning their real estate licenses to “get in on the action.”

However, with the recent reports of builder numbers being lower and prices being down for July, many people have given started to give pause to real estate as a career. here’s why these numbers should not scare you off and in fact should encourage you!

Double-digit sales growth is not sustainable. In fact, the market was so over saturated with buyers that those of us in the industry were struggling to find buyers houses. Demand was FAR greater than supply. THis latest small market correction will help those of us in the business now and those of you serious about making real estate a long-term career!

There has never been a better time to earn your real estate license!


Good News For Real Estate Agents?

Some more good news today for long time real estate agents and those looking to get a real estate license online. Realtor.com released statistics showing that the low inventory numbers may be disappearing – slowly.

For those of us in the business, the lack of inventory has been a HUGE problem for the past 6-9 months and any increase would be welcomed. We all have buyers looking for homes that just aren’t on the market.

For those of you looking to get your real estate license, you’ll soon find out that it’s hard to sell real estate when there is nothing to sell 😉

From Realtor.com:

Inventory levels are on the rise nationwide, which could soon mean the severe inventory shortages plaguing many markets the last few months may soon be nearing an end, according to the latest report from realtor.com®. As home prices rise, more sellers may be testing the market, helping to increase the options for home buyers.

Realtor.com® reported that 1.96 million homes were listed for sale in June — the highest number since last September.


More Good News For New Real Estate Agents

It seems like the good news keeps coming for the real estate industry across the nation. In fact, 74% of those in a recent survey say that now is a good time to buy a home – even with mortgage rates on the rise.

A report today detailed on Realtor.org has the details:

Americans are increasingly optimistic about the housing market, despite the threat of a continued rise in mortgage rates, a new survey shows. Fifty-three percent of Americans expect home prices to increase by an average of 3.9 percent over the next 12 months, according to Fannie Mae’s July National Housing Survey of 1,000 home owners. Only 6 percent expect prices to fall, a new low in the survey’s three-year history.

Seventy-four percent of those surveyed say now is a good time to purchase a house, and 40 percent say now is a good time to sell. But consumers are bracing themselves for higher mortgage rates: 62 percent of survey respondents say they expect rates to rise over the next year, while only 5 percent expect them to fall.

If you are still waiting to get your real estate license online you need to take a good luck at this, and other reports, and see which way the wind is blowing. The market tends to change roughly every 7 years, and now is the time to get your license and get in the game!




Should I Earn A Real Estate License Online Or In The Classroom?

When I earned my real estate license, there were no options to earn a real estate license online. Ninety percent of the classes were traditional classroom settings and the rest were a combination of classroom / correspondence.

Things have sure changed in recent years. Now online real estate courses are legitimate and preferred by most potential agents with even a small amount of knowledge of the real estate industry. Rather than spending months in classes, you can become a new agent in a matter of weeks as you go at your own pace.

The online classes have not only helped new agents, but experienced agents who have to fit in their mandatory continuing education classes and who wish to get professional designations. Being a successful real estate agent is more than a full time job, and the convenience online training can not by understated.

Having said all of this, online real estate classes, the option to earn a real estate license online is not for everyone. While many online courses allow interaction with your instructor, many students prefer the “in-person feeling” a classroom creates. In addition, some people need the structure associated with a classroom and the go at your own pace style offered by an online class won’t motivate them to finish.

I recommend you look into both options and see which matches your personality. Online real estate classes are not for everyone.

Now Is the Time To Get Your License: Zilow Predicts 12% Increase!

Need a little motivation to get your real estate license online? Zillow is predicting a 12% annual increase in the CaseShiller index scheduled to come out this month for June 2013.

Experienced agents have seen the rising market, but these continued double digit reports are HUGE, and with the decrease in real estate agents over the past few years, the opportunity is there for those willing to earn their license and put in the work and effort to succeed!

From Zillow.com:

The Case-Shiller data for May came out this morning and, based on this information and the June 2013 Zillow Home Value Index (released last week), we predict that next month’s Case-Shiller data (June 2013) will show that the 20-City Composite Home Price Index (non-seasonally adjusted [NSA]) increased 12.1 percent on a year-over-year basis, while the 10-City Composite Home Price Index (NSA) increased 12 percent on a year-over-year basis. The seasonally adjusted (SA) month-over-month change from May to June will be 1.1 percent for the 20-City Composite and 1.2 percent for the 10-City Composite Home Price Indices (SA). All forecasts are shown in the table below. Officially, the Case-Shiller Composite Home Price Indices for June will not be released until Tuesday, Aug. 27.