10 Real Estate Facts All Real Estate Investors Should Know

Whether you invest in commercial real estate or residential real estate, there are endless ways to participate and hopefully profit in real estate investing. Staying on top of current trends and statistics in the real estate market will help make you make more informed real estate investment decisions. Take a look at 10 real estate facts all real estate investors should know right now about the real estate industry.

1. September saw the fastest increase in home values since 2005

According to a recent study by Zillow (NASDAQ: ZG) (NASDAQ: Z), property values rose 0.8% in September alone to $259,906. This is the highest single-month increase since the mid-2000s “boom.” Every major metro saw an increase in median home value, ranging between 0.5% to 1.5%, with the highest increases being in Phoenix; San Jose, California; and Seattle. Median list price nationwide is up 11.7% year over year as of the

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M/I Homes Q3 Profit Surges, Results Beat View – Quick Facts

(RTTNews) – M/I Homes, Inc. (MHO), a builder of single-family homes, on Wednesday reported a surge in third-quarter net income to $73.54 million or $2.51 per share from $37.84 million or $1.32 per share in the year-ago period.

Total revenue for the quarter grew 30 percent to $847.92 million from $653.35 million in the year-ago quarter.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.44 per share for the quarter on revenues of $668.17 million. Analysts’ estimates typically exclude special items.

M/I Homes noted that homes delivered in the latest quarter increased 29 percent to 2,137 from 1,651 in the year-ago period. New contracts surged 71 percent to 2,949 from 1,721 last year.

Backlog units increased 54 percent to 4,503, and backlog sales value reached $1.8 billion, both all-time quarterly records.

On October 27, 2020, Thomas Mason announced his decision to retire as Executive

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Commercial Real Estate Agent Prospecting Facts and Strategies

When you work as a commercial real estate agent or broker, it is essential that you develop and implement a prospecting program to generate new business leads. It is a personal process and it is not something that you can or should delegate.

I am amused sometimes when I hear that an agent has paid considerable money to a marketing company to ‘cold call’ their entire sales territory or market segment looking for leads and prospects to serve. Delegating the prospecting process to a marketing company or another ‘unskilled person’ is a waste of time and money. Commercial real estate is an industry built around personal relationships and trust; a marketing company or employed canvasser cannot offer that level of communication or service.

So why would a real estate agent employ such a ‘marketing firm’ to make prospecting calls? The answer in most cases is glaringly obvious; the agent doesn’t … Read More