Weichert Executives Named to the 2014/2015 Swanepoel Power 200

 

  WEICHERT EXECUTIVES NAMED TO THE
2014/2015 SWANEPOEL POWER 200
- Jim Weichert, Marty Rueter Among the
Most Powerful People in Residential Real Estate
 - 

MORRIS PLAINS, N.J., Jan. 28, 2015 -- Jim Weichert, founder and co-president of Weichert, Realtors®, and Marty Rueter, president of Weichert Real Estate Affiliates, Inc., have been selected for the Swanepoel POWER 200: The Most Powerful People in Residential Real Estate in 2014/2015. Weichert and Rueter were ranked #13 and #66, respectively. Both Weichert executives moved up on the list this year, having been ranked #20 and #85 in 2013.

Weichert was recognized in the ‘Brokerage’ category for his more than 40 years of sales experience and the growth of Weichert, Realtors from a single office in 1969 to one of the largest privately held real estate companies in the nation. In the ‘Corporate’ category, Rueter was honored for his hard work and dedication in growing Weichert’s franchise business. His background as a fourth-generation REALTOR, with deep roots in the industry, was also noted.

Weichert, Rueter and the other real estate professionals on the list were chosen based on their personal influence, tenure in the industry, office held, decision-making power, and his or her recent activities, growth and potential. Also considered were their company’s financial resources, significance and contribution to the industry, and geographic reach.

The Swanepoel POWER 200 (SP200) is a research service managed by the Swanepoel | T3 Group, a real estate information services company that provides extensive expertise and in-depth understanding in all facets of the residential real estate business industry including market research, business trends analysis, scenario and strategic planning, competitor evaluation, franchising, brokerage management, MLS and association management and technology. The SP200 is the most comprehensive analysis ever published of the most powerful key decision makers, trailblazers, influencers, company chieftains, thought leaders and innovators in the real estate industry.  

For more information about Weichert, Realtors or to find your local office, please visit www.weichert.com

Since 1969, Weichert, Realtors has grown from a single office into one of the nation’s leading providers of homeownership services by putting its customers first. A family of full-service real estate and financial services companies, Weichert helps customers buy and sell both residential and commercial real estate, and streamlines the delivery of mortgages and home and title insurance. Weichert leverages its customer website, www.weichert.com, one of the most visited real estate websites in the nation, to help families and individuals realize the dream of homeownership through quick and easy access to listing information and the services of its real estate professionals nationwide. For more information, Weichert’s customer service center can be reached at 1-800-USA-SOLD. Weichert franchised offices are independently owned and operated.  

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Weichert Real Estate Affiliates Ranked #2 Traditional Real Estate Franchise

  WEICHERT REAL ESTATE AFFILIATES RANKED #2 TRADITIONAL
REAL ESTATE FRANCHISE IN ENTREPRENEUR MAGAZINE’S
36TH ANNUAL “FRANCHISE 500®”
 

MORRIS PLAINS, N.J., Feb. 4, 2015 -- Weichert Real Estate Affiliates, Inc. (WREA) has again been recognized as one of the top franchises by Entrepreneur magazine, which ranked the company as the #2 traditional residential real estate franchise and #3 overall in the Real Estate category in its Franchise 500® list for 2015. This year’s list not only reflects a higher ranking for Weichert among real estate franchises (#4 in 2014), but an increase in the overall franchise rankings (moving to #236 from #256 in 2014). For the past 11 years, WREA has consistently appeared on this prestigious list, which includes such franchises as McDonald’s and Hampton Hotels. The full list appears in the January 2015 issue of Entrepreneur magazine and is a reflection of trends and industries poised for growth.

“Weichert’s strength in the real estate industry across the country is evident,” said WREA President Martin J. Rueter. “This ranking represents the hard work and dedication of our network of professionals, and we’re honored to be recognized again this year. We are also grateful to the thousands of happy homeowners, and those people looking to buy or sell a home, who trust Weichert, Realtors with their business and contribute to our company’s continued growth.”

In the past year, WREA has added 45 new affiliate offices to its ever-growing network. WREA entered the franchise arena as a division of Weichert, Realtors, opening its first affiliated office in January 2002. By 2005, WREA was identified among Entrepreneur’s “Top 10 New Franchises” as one of the fastest growing U.S. franchises, and was the only real estate organization to be included.

Entrepreneur’s Franchise 500® issue is published every January and is considered the world’s most thorough and comprehensive franchise ranking. Rankings are determined by objective, quantifiable measures of a franchise’s operations and include factors such as financial strength and stability, growth rate and size of the system, years in business and startup costs.  

Weichert Real Estate Affiliates has offices serving more than 250 markets in 37 states. Affiliates join a nationally recognized real estate franchisor that offers incomparable business and marketing tools and training techniques. 

About Weichert Real Estate Affiliates, Inc.
Weichert Real Estate Affiliates, Inc. (WREA) has grown steadily since Jim Weichert, co-president and founder of Weichert, Realtors, named Martin J. Rueter as president. The two collaborated in 2001 to create a business model for franchisee ownership candidates described as “a clearly defined operating system for marketing and managing a real estate business.” WREA announced its first affiliate in 2002, was identified in 2005 by Entrepreneur magazine as one of the fastest growing U.S. franchises, and is ranked the #2 traditional residential real estate franchise in Entrepreneur’s 2015 Franchise 500. WREA has offices serving some 250 markets in 37 states. For more information about Weichert, visit www.weichert.com.  

 

 

 

 

 

 

Survey: Consumer Confidence in Housing Hot This Spring

 

Survey: Consumer Confidence in Housing Hot This Spring

Daily Real Estate News | Tuesday, April 08, 2014

Consumer attitudes are reflecting greater optimism in the housing market heading into real estate's traditionally strong spring selling season, according to Fannie Mae's March 2014 National Housing Survey.

In the poll of 1,000 people, 38 percent say it's a good time to sell a home, up from 26 percent a year ago. The poll also shows that 69 percent of those surveyed say it's a good time to buy, and 52 percent say it's easier today to get financing for a home.

Americans also feel more confident about their personal finances: An all-time survey high of 40 percent say their personal financial situation has improved during the past year.

"The housing recovery continues to proceed in fits and starts," says Doug Duncan, Fannie Mae’s chief economist. "Rising mortgage rates and a lack of supply have dampened housing market momentum. However, we see several positive signs going into this year's spring home-buying season, compared with last year. For example, consumers are less pessimistic about their personal finances and more optimistic about the current selling environment and their ability to get a mortgage. Still, those who are pessimistic about buying or selling a home today tend to point to economic conditions as the primary issue, and most consumers continue to say the economy is on the wrong track. Looking forward, we expect to see a pickup in economic growth later in the year, and this may boost the confidence of prospective buyers and sellers."

However, consumers' home-price expectations softened a bit in the latest survey. The average 12-month home-price-change expectation fell from last month, reaching 2.7 percent, the survey shows. Also, slightly fewer respondents — 48 percent — said they thought home prices would rise in the next 12 months.

Source: Fannie Mae

 

Landlords are Pushing Up Rents Again

Landlords are Pushing Up Rents Again

Daily Real Estate News | Monday, April 07, 2014

As apartment demand continues to rise, landlords are projected to increase their rents for the fifth consecutive year. A rise in apartment construction isn’t likely to offer relief to tenants anytime soon either, USA Today reports.

Between 2000 and 2012, apartment rents have risen 6 percent while incomes among renters have fallen 13 percent in that time period, according to a report from Apartment List, a rental housing website that adjusts for inflation.

"That's what we call the affordability gap," says John Kobs, Apartment List's chief executive. "I don't see that improving in the near future."

The vacancy rate for apartments has dropped from 8 percent to 4.1 percent from 2009 to 2013, according to Reis, a commercial real estate data provider. Meanwhile, the average national effective rent has increased 12 percent to $1,083 from 2009 to 2013, according to Reis, which data reflects apartments in buildings with 40 or more units.

During that same time period, the median price of an existing home has risen about 14 percent, according to the National Association of REALTORS®. Many renters – which surveys show want to buy a home – are unable to purchase a home due to tight credit conditions that are preventing them from obtaining financing.

Rents rose the most in 2013 in Seattle, increasing 7.1 percent in the past year, followed by San Francisco, which has risen 5.6 percent, Reis reports.

More apartment buildings are under construction nationwide to respond to rising demand. Reis experts expect a stronger job market will push more people out of living with their parents or being roommates and increase rental demand. Reis predicts the effective apartments will rise 3.3 percent this year to an average $1,118 nationwide.

Source: “Growing Demand for Apartments Pushes up Rents,” The Associated Press (April 5, 2014)

 

Home Buyers May Face Sticker Shock This Spring

Home Buyers May Face Sticker Shock This Spring

Daily Real Estate News | Monday, April 07, 2014

As the spring market heats up, more buyers are finding higher home prices than they may have expected, CNBC reports.

“People quite frankly came out and got sticker shock … they picked up the price sheet and saw, ‘Wow, that’s way more than I thought’ because home prices had gone up so much in 2013,” Brad Hunter, chief economist at Metrostudy, told CNBC.

Existing-home prices were up 9.1 percent in February above year ago levels, according to the National Association of REALTORS®. Meanwhile, incomes are up just 2.1 percent from a year ago, according to the Bureau of Labor Statistics.

Home builders also have been raising their prices over the past year. For example, D.R. Horton, one of the nation’s largest builders, announced earlier this year that it planned to raise home prices in some of its markets this spring. In January, the builder said the average price of its homes under contract was up 10 percent in the past year. 

Buyers also are facing rising mortgage rates and tighter credit conditions.

Still, while prices have been on the rise, home prices are well off their peak from the housing boom in 2006, housing experts note. Inventories remain constrained in many markets as some home owners wait for higher home prices before they list.

"I think buyers are extremely fickle, and what's weird about it is the market is in a funk on both sides, it's like trying to get pandas to mate at the zoo," Glenn Kelman, CEO of Redfin, told CNBC. “Sellers feel like, 'I can rent it out. I've got a very low mortgage rate on this place, and when I sell the house I'm also giving up a 30-year mortgage on it at 3.5 percent.'"

Source: “Homebuyers Face Spring Sticker Shock,” CNBC.com (April 4, 2014)