RISMedia's Real Estate Magazine

FEB 2019

Real Estate magazine is the industry's leading source for real estate news and information since 1980. Published monthly by RISMedia, Real Estate magazine offers timely and relevant real estate news to the industry's top brokers and agents.

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16 February 2019 RISMedia's REAL ESTATE Real Estate by the Numbers .45% The gap between homeowners' opinions of their home's value and an appraiser's. Appraisal values were less than half a per - centage point lower than home- owners expected in December, according to the National Quicken Loans Home Price Perception Index (HPPI). 1,150 Federal contracts for government-funded properties that house low-income renters that expired due to the government shutdown that began on Dec. 22. At press time, 500 more contracts were due to expire in January if the shutdown continued. Source: NBC News $62,138 The reported annual income of agents with 4 - 10 years' experi - ence in the real estate business. These same agents reported earning just over $19,000 in years 1 - 3, so staying power pays off. Source: The Real Estate Express 2018 Real Estate Agent Income Guide 5% The amount inventory increased na- tionally in December 2018, according to data from realtor.com®. Overall, 15 percent of listings saw a price reduction. 628,000 New-home sales will occur in 2019, predicts the National Association of Home Builders (NAHB), about the same as 2018. NAHB anticipates that single-family construction will increase by only about 2 percent to around 900,000 units—200,000 - 300,000 less than the market could absorb. Source: Washington Post $63 billion will be spent by North American con- sumers on smart home systems and services by the year 2022, as fore- casted by Statista, making the U.S. and its bordering neighbors the clear global winner when it comes to spending in the sector.

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