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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RISMedia's REAL ESTATE April 2019 3 {Contents} April 2019/Vol. 35, No. 4 • www.rismedia.com HIGHLIGHTS Inside the results of RISMedia's 2019 Power Broker Survey 54 Pressing Pause, Finding Balance Many couldn't believe what they were hearing. Home prices were growing at the fastest pace since 2015, and the word "bubble" was once again making its way into media vernacular. Could the housing market really be headed for another crash less than 10 years later? But that was 2018. Now, with the first quarter of 2019 behind us, the outlook is quite a bit different. And, for the 58 percent of Power Brokers who describe their market as "balanced," that's not a bad thing. In this special annual report, find exclusive research and reporting, including: 8 55 Insights & Forecasts Power Brokers from across the country weigh in with their thoughts on doing business in the current climate and the state of the industry at large. 8 56 The 2019 Power Broker Perspective Exclusive research results capturing Power Broker opinions on business operations and trends 8 67 The Power Broker Top 500 Ranked by 2018 sales volume, see who made this year's Top 500 list! ON THE COVER 30 The Path to Global Diversity LeadingRE's Culturally-Inclusive Approach to Business, Abroad and at Home Simply having a presence in countries around the globe doesn't necessarily mean you embrace cultural diversity. Truly understanding cultural diversity goes much deeper than that. "When you have members in more than 75 countries encompassing so many different cultures, there's a real art to doing business," says Paul Boomsma, president and CEO of Leading Real Estate Companies of the World ® (LeadingRE). "Global opportunities involve dealing with someone who is not like you, and that's what diversity is all about—working with people who are unlike you... not just embracing and understanding your differences, but celebrating them and helping them realize their dream for homeownership." In this month's cover story, take a closer look at how LeadingRE makes sure cultural diversity isn't just a principle that sits atop the organization, but a pulse that beats throughout the entire network. 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 % 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." RISMedia's 2019 Report POWER BROKER CONFIDENCE LEVEL 1 % Low 59 % Cautiously Optimistic 30 % High 10 % Neutral 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." 54

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