RISMedia's Real Estate Magazine

APR 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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56 April 2019 RISMedia's REAL ESTATE THE 2019 POWER BROKER PERSPECTIVE STATE OF THE MARKET Power Brokers described their current market conditions as… Balanced 49 % Growing 27 % Challenged 13 % Booming 7 % POWER BROKER CONFIDENCE LEVEL Potential Bubble 4 % YEAR-OVER-YEAR INSIGHTS: In 2018, the majority of respon- dents—38%—described their markets as "Growing," and double the amount—14%—described their markets as "Booming." YEAR-OVER-YEAR INSIGHTS: Power Brokers are hedging their bets a bit more this year. In 2018, 52% said they were "Cautiously Optimistic" and 43% reported their confidence level as "High." 1 % Low 59 % Cautiously Optimistic 30 % High 10 % Neutral YEAR-OVER-YEAR INSIGHTS: While the inventory shortage still tops the list as the main challenge to business, there is a significant drop in the number of respondents compared to 2018. Of rising concern this year? An uncertain economic outlook. THE GREATEST CHALLENGE TO BUSINESS 2019 Lack of Inventory – 49% Economic Uncertainty – 25% Disruptors – 13% Rising Interest Rates – 8% First-Time Homebuyer Struggles – 3% Housing-Related Legislation – 1.5% Student Loan Debt – .5% 2018 Lack of Inventory – 71% Competitive Firms (Disruptors) – 16% Recruiting – 9% Rising Interest Rates – 2% Economic Uncertainty – 1% Housing-Related Legislation – <1% Tax Legislation – <1%

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