Steve Brown, 2014 NAR President, announced on October 22 that KR (Ray) Zabielski, was selected as one of the 75 largest real estate firm representatives that will serve asDirectors on the National Association of Realtors (NAR) Board of Directors for 2014.
Have you ever wondered how Charles Rutenberg Realty compares to all the other firms in the MLS?
Did you know there are over 6,000 firms in the MLS? Granted many are small or one person offices but the 300th ranked firm did around $25 million in sales so far this year.
You can compete head to head with anyone when you provide high quality service.
To see announcement, click here
Effective immediately the Illinois Department of Financial and Professional Regulation (IDFPR) toll-free number for licensing questions is 1-800-560-6420.
Scam Alert! NAR Cautions Against Scam REALTOR® Complaint Website
Don’t be a victim of a website that NAR reports is misusing the REALTOR® trademark in what seems to be an attempt to get money from real estate practitioners. The site, Realtor-complaints.com, supposedly publishes “consumer” complaints about real estate agents and then offers them the “opportunity” to pay to have the complaint and their name removed from the site, NAR reports in the blog post, “Don’t Let Your Reputation—or Your Wallet—Fall Prey to Scam Complaint Site.”
Housing Update & Rentals Click Here
By Dr. Steve Sjuggerud
Friday, September 7, 2012
The situation we’re facing today can be boiled down to a few very simple points… And the result is an awesome investment opportunity.
It is possibly the greatest investing opportunity in American history…
I’m talking about the housing market.
Real estate investor Jason Hartman interviewed me this week on his radio show (available soon at www.JasonHartman.com). And I made my case.
My points were simple:
Housing prices have fallen more than they ever have in our lifetimes – by far. Today, houses are selling for well below replacement cost.
Meanwhile… housing prices are up for five-straight months. It sure seems like they’ve bottomed.
Mortgage rates are at record-lows – around 3.5% today. With low home prices and low interest rates, houses are more affordable than ever.
But the story gets better…
You have a huge “tailwind” for rising prices, courtesy of the government.
First, Federal Reserve Chairman Ben Bernanke will not raise rates for years.
You see, he will only raise interest rates when inflation gets too high or when the economy is booming (specifically, when the unemployment rate falls too far). We are not in danger of either of those things happening right now – and we won’t be in danger for a couple years.
So interest rates will stay low for longer than anyone can imagine… And these record-low interest rates should be like lighter fluid on a fire. It’s taken a while to get started… But with higher home prices over the last five months, the fire is now lit.
Second, I can’t think of an asset that has more government incentives than the home you live in.
Let me show you what I mean…
You can deduct the interest on your mortgage off your taxes. You get to keep up to $500,000 in capital gains on your home without having to pay any capital gains taxes. And on roughly 90% of home loans, the government has literally made those loans possible (through government-sponsored entities like Fannie Mae and Freddie Mac).
In short, the government wants you to own a home… This is simply adding more fuel to the fire.
And for most regular folks, your home is a much better use of your savings than stashing your money in stocks…
Buy what you understand. When you own a home, you know what you’ve got – the earth under your feet isn’t going out of business. But you could easily buy shares of a company that goes out of business. So today, I suggest putting your savings into your primary residence.
In sum, I believe that starting today, single-family home prices will soar higher than anyone can imagine in the next couple years.
The gains in housing prices will surprise everyone – and you certainly haven’t missed it yet. This trend is just beginning. And it will last for years to come.
I believe we have the most awesome opportunity in American history in single-family homes – right now. Do your best to take advantage of it…