The National Association of Realtors® (NAR) is a trade organization created to support the interests of real estate professionals. This report is crucial for those planning to invest in real estate. The NAR report is based on Multiple Listing Service (MLS) data and covers all three housing types: single-family, condominiums and co-ops.
Listen to this episode hosted by Blaine Rada as he shares the changes in NAR statistics between 1981 and 2021. Some of the highlights in this episode are marital status and homebuying behaviors, first-time homebuyers and the obstacles they face, and how technology has affected home search and buying behaviors.
Tune in!
During this episode, you will learn about:
[01:40] The National Association of Realtors Report.
[01:58] What this report is about, and who is the target audience.
[03:08] Statistics of marital status and homebuying behaviors.
[05:30] Here’s a business opportunity for Realtors: the “single women” niche.
[08:13] Statistics on first-time homebuyers.
[10:20] Find a way of helping with down payments, and you’ll be in business.
[12:33] Statistics on the internet searching for homes.
[13:52] Why building Realtor relationships is key.
[16:46] Reasons why people buy or sell their homes.
[18:28] Key takeaways from this episode.
[19:55] Episode wrap-up and calls to action.
Notable Quotes:
● Understanding data puts you in a better place to spot opportunities.
● Understanding demographics positions you for success.
● Accumulating a down payment is the biggest obstacle for first-time homebuyers.
ArchMI Podcast
Website: https://insights.archmi.com
LinkedIn: https://www.linkedin.com/company/arch-u-s-mortgage-insurance/
Instagram: https://www.instagram.com/archmi_us/
Facebook: https://www.facebook.com/ArchMortgageInsurance
Twitter: https://twitter.com/archmi_us/
PolicyCast: Navigating the Homeowners Insurance Crisis
PolicyCast: "It's Supply, Stupid," a Conversation with NAHB CEO Jim Tobin
PolicyCast: Two Number Whisperers Foretell the Housing Horizon
PolicyCast: Unlocking the Data Driving Housing
PolicyCast: Mark Calabria: Do Fannie and Freddie Still Matter?
PolicyCast: How Housing Avoided Disaster during the Pandemic
PolicyCast: How to Solve the Affordable Housing Crisis
PolicyCast: Risks and Rewards of Small IMBs
PolicyCast: Housing’s Big Picture
Season 4, Episode 7: How to Choose the Right Realtor
Season 4, Episode 6: What Realtors Really Want
Season 4, Episode 5: Today’s Home Search and Mortgage Financing Survey
Season 4: Episode 4: Today’s Home Sellers
Season 4: Episode 3: Today’s Homebuyers
Season 4: Episode 1: Reviving Realtor Relationships
Season 3, Episode 6: We Perceive What We Believe
Season 3, Episode 5: The 4 A Formula
Season 3, Episode 4: 10 Steps to Sales Success: Five Key Questions
Season 3, Episode 3: 10 Steps to Sales Success: Five Must-Have Skills
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