James Hoff, Real Agents Work (Century 21 Award)

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Rainmaker
3,985,569
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

REal estate I believe is very local and I encourage my clients to think locally and not Nationally

Jun 25, 2016 07:15 AM
Rainmaker
2,550,477
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I read five newspapers a day, misc reading, six books per month, some online activity updates and have my hand on the pulse of local Real Estate. All good

Jun 25, 2016 08:11 AM
Ambassador
2,461,480
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

   "National" doesn't mean much to me, other than interest rates. 

    I use data from RPR, my local Boards, and Florida Realtors to assess my local markets.

Jun 25, 2016 09:00 AM
Rainer
139,001
Chrissi Chapman Topoleski
Coldwell Banker Residential Brokerage - Leesburg, VA
HOME~There is no place like it!

I keep track of new listings, recent under contracts, and solds. I'm particularly interested in the pricing trends, and the days on market before a property reduces it's price relative to the day it goes under contract. I also believe it's important to pay attention to the local market as the best indicator of what is going on.

Jun 25, 2016 08:12 AM
Rainer
390,088
Anna Hatridge
R Gilliam Real Estate LLC - Farmington, MO
Missouri Realtor with R Gilliam Real Estate LLC

Every morning I check local housing stats such as new list, price change and expired.  

Jun 25, 2016 07:44 AM
Rainmaker
886,178
Diana Zaccaro
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

Local trends are far more important and meaningful to me and my clients.

 

Jun 25, 2016 10:04 AM
Rainmaker
1,506,461
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

You ask if your clients want to know national vs local metrics?

... May I ask........Are you a Utah RE school student? 

Jun 25, 2016 09:03 AM
Ambassador
1,304,512
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

I agree with William Feela . . .  our local market is a 180 from the national reports.

Jun 25, 2016 08:01 AM
Rainmaker
2,877,241
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I only use local data ... state and national data means diddly squat to me in my market / business.  I use MLS / RPR ... think hyper-local.

Jun 26, 2016 02:35 AM
Rainmaker
5,353,938
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

I honestly never focus nationally but focus locally....

Jun 26, 2016 01:15 AM
Rainmaker
1,609,030
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

You've got the makings of a great post there just in your question.

I look at everything & then pick & choose for the monthly update that I do. I start with local stats & then throw in the national ones which in essence, mean nothing.

DOM, Avg sales price, market prices up or down, trends like inventory up or inv down.  Interest rates going up or down?  Taking longer to close because?

I post every month on it. 

Jun 25, 2016 10:03 PM
Rainmaker
876,763
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

I get mine from FAR

Jun 25, 2016 10:01 PM
Ambassador
4,693,374
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

For me sales and prices of both timber and forest land are important.

Jun 25, 2016 03:37 PM
Rainmaker
634,116
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

I agree with William Feela that real estate is local. But Kauai is strongly impacted by the resort and second home market so national and international metrics do influence us strongly. I track interest rates, fluctuation in currency values, averages in appreciation and several other things.

Jun 25, 2016 12:48 PM
Rainmaker
1,826,627
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I follow rbi stats from our local MRIS

Jun 25, 2016 12:19 PM
Rainmaker
1,472,123
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

For the benefit of my sellers or buyers, local information was the only thing I felt was pertinent.  Real Estate is local.  What is happening nationwide (other than interest rates) is of no consequence.   I kept close track of local statistics: inventory, sales by price range, months supply by price range, etc. etc. etc.  


Jun 25, 2016 10:17 AM
Ambassador
3,695,516
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

I follow the local numbers for my immediate market. 

Jun 26, 2016 07:50 AM
Rainmaker
4,798,663
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I really don't follow the national metrics very much as they are pretty much worthless for my local market.  Though, I do stay on top of as much as I can for Florida (statewide) as well as the counties that I work in.

Jun 26, 2016 04:56 AM
Rainmaker
3,431,695
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I keep track of mls new listing daily and prices reductions.

Jun 26, 2016 04:48 AM
Rainmaker
1,300,472
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

What homes similar to the ones I have listed or am looking at writing offers for are selling for.  What happens in Detroit, Texas or Maine doesn't impact California.  What happens in Dallas, San Diego or Portland doesn't impact Thousand Oaks.

Jun 26, 2016 03:32 AM
Rainmaker
1,587,208
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

LP:SP Ratios, and DOM for sellers.

Jun 26, 2016 01:35 AM
Ambassador
1,615,470
Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

I like to obtain my stats from our local mls system.

Jun 26, 2016 12:27 AM
Rainmaker
3,587,938
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Sales price to list price ratio is a great local metric!

Jun 25, 2016 11:44 PM
Rainmaker
4,432,838
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Just my local mls.

Jun 25, 2016 10:09 PM
Rainmaker
3,064,654
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty
Jun 25, 2016 09:18 PM
Rainmaker
5,816,454
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

The MLS statistics are very helpful.

Jun 25, 2016 09:00 PM
Ambassador
4,306,594
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

James, we all know that Real Estate is local ....

Jun 25, 2016 03:01 PM
Rainmaker
772,252
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

You shoud read as much as you can of everything and make sense of it for your market.

Jun 25, 2016 12:59 PM
Ambassador
3,985,140
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I track National Home Builders numbers since I like to focus on new construciton.

Jun 25, 2016 12:38 PM
Rainmaker
1,083,340
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Only to investors these stats are of marginal interest. Make an offer 10% over you can be sure most sellers are interested.

Jun 25, 2016 12:10 PM