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Berkshire Hathaway HomeServices Premier, REALTORS is a full-service real estate company that makes it a tradition to extend our hands to our customers in a manner of quality and honesty. We provide a complete and experienced team effort to bring your transaction to your desired outcome when you buy or sell real estate of any kind.  We proudly provide our services to our community, who has trusted us now for for over a quarter of a century.

 

Real Estate News

Buyer Demand for Green Homes Trends Up

If you ask the REALTORS® who work with them, buyer demand for green homes is trending up.

Homebuyers are interested in sustainability, according to 61 percent of REALTORS® in the National Association of REALTORS® (NAR) REALTORS® and Sustainability 2018 Report—and, in many markets, they have options. Eighty percent of REALTORS® report their market has solar panels, and 23 percent report their market has tiny homes, or homes less than 600 square feet.

Approximately three-quarters (71 percent) of REALTORS® believe energy-efficient features are a highlight when marketing listings, cited as either “somewhat” or “very valuable,” and 40 percent of REALTORS® report their MLS has “green” data fields to showcase them, the report reveals. When it comes to communicating energy efficiency to homebuyers, 39 percent of REALTORS® are “comfortable” or “extremely comfortable” answering questions about efficiency and/or performance, even though 30 percent also believe there is a lack of materials for REALTORS®. Forty percent are “confident” or “extremely confident” that they can connect their homebuyers to a “green” lender.

Based on client feedback, homebuyers are looking for neighborhoods to have access to highways (according to 82 percent of REALTORS®), commutes that are short (81 percent) and walkability (51 percent), the report shows.

“Consumers continue to make it clear that environmentally-friendly features and neighborhoods are an important factor in deciding where and what home to buy,” says NAR President Elizabeth Mendenhall. “REALTORS® are leaders in the conversation about real estate sustainability, energy conservation and resource efficiency, and will continue to promote environmentally-conscious strategies and best practices that benefit not just our clients, but also our communities.”

NAR’s Sustainability Report coincides with a realtor.com® report that found that as energy-efficient homes increase in popularity and prices rise, green homes are not commanding as considerable a premium.

“Although Southern and Western states still lead the way in green technology adoption, eco-friendly features have grown in popularity across many regions of the United States,” said Javier Vivas, director of Economic Research at realtor.com, in the report. “Many buyers have come to expect standard features, and homes integrating specialty green features are becoming more mainstream.”

For more information, please visit www.nar.realtor.

DeVita_Suzanne_60x60Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at sdevita@rismedia.com. For the latest real estate news and trends, bookmark RISMedia.com.

The post Buyer Demand for Green Homes Trends Up appeared first on RISMedia.

Be Fully Engaged and Give All You Have

Pappas_Mike_2018In the following interview, Mike Pappas, CEO and president of The Keyes Company/Illustrated Properties, a member of Leading Real Estate Companies of the World® (LeadingRE) in Miami, Fla., discusses the firm’s networks, philosophies and technology.

Region Served: South Florida
Years in Real Estate: 38
Number of Offices: 50
Number of Agents: 2,900
Best Advice for New Agents: Make the contacts and you will learn the rest.
Motto/Work Philosophy That You Live By: Be fully engaged and give all you have.
No. 29 in sales volume in RISMedia’s 2018 Power Broker Report

What are some of the current trends you see both in your market and within your firm?
While we’re experiencing an increase in new, single-family construction, it’s also worth noting that there are less listings coming onto the market for a number of reasons, one being the fact that homeowners have refinanced and many aren’t as confident due to the recent recession. Therefore, we’ve focused on our listing intake. We have a daily scorecard for all of our offices with a 15 percent increase listing goal. And last, but not least, we worked on business planning with our associates at the end of 2017, and each office manager is personally coaching 10 associates one-on-one.

How does your company stay current and flexible?
Through our networks, including Leading Real Estate Companies of the World®, The Realty Alliance and our TrendSetter Forum, along with the National Association of REALTORS® (NAR). We’ve also invested in Moderne Ventures, which invests in real estate technology.

How are you preparing your agents for the future of real estate?
By providing tools and technology for them to build online relationships. Not only do we offer a three-day and one-week ad blast on all of our listings through QuantumDigital—all of which is automated and prepackaged—we also automatically post all associate listings on our associates’ Facebook and Instagram accounts, along with personalized articles of interest. In addition to having hundreds of associates farming for sellers online through Flipt, we offer targeting and branding online on all the major sites through Adwerx. We also protect and pay for exclusive leads on all of our listings through realtor.com®.

What is your personal philosophy for real estate success?
Listen and understand the client’s needs and desires and address those needs with integrity.

What are some of the most creative ways your agents are using social media to connect with current and prospective clients?
We have partnered with Flipt, QuantumDigital and Adwerx to provide a platform for branding and lead gen to our associates.

For more information, please visit www.leadingre.com.

Tepping_Paige_color_60x60Paige Tepping is RISMedia’s managing editor. Email her your real estate news ideas at paige@rismedia.com. For the latest real estate news and trends, bookmark RISMedia.com.

The post Be Fully Engaged and Give All You Have appeared first on RISMedia.

Home Prices on Long-Term Spell Upward

Home prices are continuing their long-term spell upward, with a February gain of 6.3 percent, according to the S&P CoreLogic/Case-Shiller Indices.

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index’s 10-City Composite, which is an average of 10 metros (Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York, San Diego, San Francisco and Washington, D.C.), rose 6.5 percent year-over-year, an increase from 6 percent in January. The 20-City Composite—which is an average of the 10 metros in the 10-City Composite, plus Atlanta, Charlotte, Cleveland, Dallas, Detroit, Minneapolis, Phoenix, Portland, Seattle and Tampa—rose 6.8 percent year-over-year, an increase from 6.4 percent in January. Month-over-month, both the 10-City Composite and the 20-City composite rose, each 0.7 percent.

“Home prices continue to rise across the country,” says David M. Blitzer, chairman and managing director of the S&P Dow Jones Indices Index Committee. “The S&P CoreLogic Case-Shiller National Index is up 6.3 percent in the 12 months through February 2018. Year-over-year prices measured by the national index have increased continuously for the past 70 months, since May 2012. Over that time, the price increases averaged 6 percent per year. This run, which is still ongoing, compares to the previous long run from January 1992 to February 2007, 182 months, when prices averaged 6.1 percent annually. With expectations for continued economic growth and further employment gains, the current run of rising prices is likely to continue.

“Increasing employment supports rising home prices both nationally and locally,” Blitzer says. “Among the 20 cities covered by the S&P CoreLogic Case-Shiller Indices, Seattle enjoyed both the largest gain in employment and in home prices over the 12 months ended in February 2018. At the other end of the scale, Chicago was ranked 19th in both home price and employment gains; Cleveland ranked 18th in home prices and 20th in employment increases. In San Francisco and Los Angeles, home price gains ranked much higher than would be expected from their employment increases, indicating that California home prices continue to rise faster than might be expected. In contrast, Miami home prices experienced some of the smaller increases despite better-than-average employment gains.”

“There is no let-up to rising home prices,” said Lawrence Yun, chief economist of the National Association of REALTORS® (NAR), in a statement. “The Case-Shiller Index and National Association of REALTORS® median home price both show gains of roughly double the average wage growth. Even as the tightening job market is starting to boost incomes, those looking to buy are facing a double whammy of fast-rising home prices and higher mortgage rates.

“The way to make housing more affordable is to build more homes, particularly smaller-sized entry level homes and condominiums,” Yun said. “Regulatory relief to small-sized community banks will also help boost construction loans. Local governments need to speedily approve housing permits, and there needs to be a way to more easily acquire trade skills like carpentry, wood framing and other construction specialties for those wanting to earn good middle-income salaries without having to go to college. Such actions will boost economic growth and provide better access to homeownership.”

The complete data for the 20 markets measured by S&P:

Atlanta, Ga.
Month-Over-Month (MoM): 0.4%
Year-Over-Year (YoY): 6.5%

Boston, Mass.
MoM: 0.7%
YoY: 5.7%

Charlotte, N.C.
MoM: 0.8%
YoY: 6.4%

Chicago, Ill.
MoM: 0.1%
YoY: 2.6%

Cleveland, Ohio
MoM: 0.4%
YoY: 4.1%

Dallas, Texas
MoM: 0.6%
YoY: 6.4%

Denver, Colo.
MoM: 1.2%
YoY: 8.4%

Detroit, Mich.
MoM: 1.1%
YoY: 8.4%

Las Vegas, Nev.
MoM: 1%
YoY: 11.6%

Los Angeles, Calif.
MoM: 1%
YoY: 8.3%

Miami, Fla.
MoM: 0.6%
YoY: 4.6%

Minneapolis, Minn.
MoM: 0.3%
YoY: 5.8%

New York, N.Y.
MoM: 0.5%
YoY: 6%

Phoenix, Ariz.
MoM: 0.9%
YoY: 6.4%

Portland, Ore.
MoM: 0.4%
YoY: 6.7%

San Diego, Calif.
MoM: 1.1%
YoY: 7.6%

San Francisco, Calif.
MoM: 1%
YoY: 10.1%

Seattle, Wash.
MoM: 1.7%
YoY: 12.7%

Tampa, Fla.
MoM: 0.3%
YoY: 7.1%

Washington, D.C.
MoM: 0.4%
YoY: 2.4%

For the latest real estate news and trends, bookmark RISMedia.com.

The post Home Prices on Long-Term Spell Upward appeared first on RISMedia.

Planning a Vacation Getaway?

NAR PULSE—Remind your agents that NAR members get discounts year-round on car rentals. Take advantage of your member benefits the next time you rent a car through REALTOR Benefits® Program partners Avis®, Budget® and Hertz® and save up to 25% off base rates. Add coupon codes for even bigger savings! Start saving today!

Remind Agents to Complete Code of Ethics Training
Encourage your members to create an action plan to complete their NAR Code of Ethics Training requirement before the current two-year cycle expires on December 31. In many states, REALTORS® can earn three hours of CE credit while fulfilling their ethics requirement with NAR’s online training course. Learn more.

Earn Your AHWD® Certification With MVP
April is Fair Housing Month! Now is the time to purchase the Spanish version of the online At Home With Diversity® (AHWD®) course! Let your clients know that you are capable of working effectively with—and within—a rapidly changing multicultural market by earning your AHWD® certification. Sign up through the Member Value Plus (MVP) Program by April 30 and have your application fee waived! Sign up today!

For the latest real estate news and trends, bookmark RISMedia.com.

The post Planning a Vacation Getaway? appeared first on RISMedia.

New-Home Sales Take Off

March new-home sales took off, up 4 percent to 694,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $369,900, while the median was $337,200. New-home listing inventory was 301,000—5.2-months supply.

“The March new-home sales report is consistent with our solid builder confidence readings over the past several months,” said Randy Noel, chairman of the National Association of Home Builders (NAHB), in a statement. “As consumer confidence grows and more prospective buyers enter the housing market, the sales numbers should continue to make gains.”

“We saw sales move forward in the West and the South regions, which is in line with recent evidence of faster growth in population, employment and single-family construction in these areas—but with nationwide economic growth and favorable demographics, we can expect continued strengthening of the housing market across the country,” said Michael Neal, senior economist at the NAHB.

“Given recent strength in both new-home permits and starts, it was only a matter of time before sales of new home themselves perked back up,” said Aaron Terrazas, senior economist at Zillow, in a statement.

“In a market starving for inventory of all kinds, builders are finally putting the old adage of ‘If you build it, they will come’ to the test,” Terrazas said. “Despite these green shoots, builders still face a number of headwinds pushing against the delivery of more affordable new homes in particular. Rising materials and labor costs are weighing heavily, forcing builders to deliver homes at a price point that may be beyond the reach of many first-time and middle-income buyers. Builders are proving they can build a certain kind of home, but whether enough buyers can afford to come forward for them in meaningful numbers is an open question.”

For the latest real estate news and trends, bookmark RISMedia.com.

The post New-Home Sales Take Off appeared first on RISMedia.

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©2018 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Equal Housing Opportunity. Licensed in Virginia.

Berkshire Hathaway HomeServices Premier, REALTORS
Roanoke Office

2772 Electric Rd., Suite 1
Roanoke, VA 24018
Phone: 540-343-5000
Fax: 540-343-5135
Email: info@BHHSPremier.com 

 

PPR-Daleville Office

Roanoke/Botetourt Office
1638 Roanoke Rd. Ste. 101
P.O. Box 210
Daleville, VA 24083
Phone: 540-966-3033
Fax: 540-966-3613
Email: info@BHHSPremier.com 

Licensed in Virginia
 

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