The real estate industry is on the brink of a significant transformation, especially for members of the National Association of REALTORS (NAR), starting in August. This change stems from a pivotal settlement that NAR reached, aiming to enhance transparency and fairness in real estate transactions regarding compensation. These adjustments will undoubtedly reshape the landscape for NAR REALTOR members, impacting various facets of their professional practices and changing how they work with … [Read more...] about Real Estate Industry Transforming for Realtors
Jeanelle Shearer
Understanding the Role of Technology in Reshaping the Real Estate Industry
In the realm of real estate, technology has emerged as a powerful force, reshaping traditional practices and revolutionizing the way properties are marketed, bought and sold. The implementation of technological advancements is both a reaction to an evolving real estate environment and a catalyst for further changes. From advanced security programs to immersive virtual experiences, the integration of technology has brought unprecedented efficiency, transparency and opportunity to the … [Read more...] about Understanding the Role of Technology in Reshaping the Real Estate Industry
Understanding the Rise in Cash Buyers in the Quad Cities
In recent months, there has been a shift toward all-cash home purchases across the nation. Cash buyers, typically defined as buyers that purchase property outright rather than through financing, have become increasingly common throughout the country. In January of this year, cash buyers were responsible for 32% of all home purchases, according to data from the National Association of REALTORS (NAR). As time goes by, this national trend of buying a home with cash is becoming more apparent in … [Read more...] about Understanding the Rise in Cash Buyers in the Quad Cities
Real Estate Sales Surge as Prices Change Across the Quad Cities
The number of homes listed during February in the Quad Cities increased by 13.5% year over year, according to the housing market report released by the Prescott Area Association of REALTORS (PAAR). Last month, a total of 286 homes were listed for sale, compared to 252 in February of the previous year. Across the Quad Cities, the number of new listings increased in each area except Dewey-Humboldt, which experienced a 4.2% decrease in February of this year, compared to last. Prescott Valley had … [Read more...] about Real Estate Sales Surge as Prices Change Across the Quad Cities
First Month of 2024 Brings New Listing Increase Across Quad Cities
The number of homes listed during January in the Quad Cities increased by 7.9% year over year, according to the housing market report by the Prescott Area Association of REALTORS (PAAR). A total of 272 homes were listed for sale, compared to only 252 in January 2023. The number of new listings increased in each of the Quad Cities except Prescott Valley, which experienced a minor decrease with three fewer new listings in January this year compared to last. Dewey-Humboldt saw the largest increase … [Read more...] about First Month of 2024 Brings New Listing Increase Across Quad Cities
Igniting Prosperity: How Arizona’s Minimum Wage Increase Could Spark the Real Estate Market
Arizona has taken another step in improving the financial well-being of its residents by raising the minimum wage this year to $14.35. Every year since 2017, Arizona residents have seen an increase in the minimum wage. Comparatively, the federal minimum wage is currently set at $7.25 and has remained the same for 15 years despite economic changes in the United States. This change in Arizona is not only expected to favorably impact the finances of those working in the state, but also has the … [Read more...] about Igniting Prosperity: How Arizona’s Minimum Wage Increase Could Spark the Real Estate Market
