Power Brokers: Lack of Listings Remains Troublesome, but Another Concern Is Emerging
According to RISMedia’s 2019 Power Broker Report, 49 percent of Power Brokers are in a “balanced” market, and 27 percent are in a “growing” market.
Their chief concern is inventory—again the No. 1 challenge, as in past years—but also a degree of economic uncertainty.
“I believe there will be greater balance in U.S. housing in 2019 with home prices leveling off and home sales ticking up…Housing inventory remains a key issue.” – Gino Blefari, CEO, HomeServices of America
“Inventory challenges continue into 2019 for homes at or near median sales prices…we expect continued sales-price appreciation, but at a slowing rate.” – Dereck Fritz, Vice President, Berkshire Hathaway HomeServices Homesale Realty
“Our market is going through some much-needed normalization, which I think will provide us with a more sustainable growth market for years to come.” – Michael Killmer, Broker/Owner, CENTURY 21 North Homes Realty Inc.
For more broker insights from RISMedia’s 31st Annual Power Broker Report, visit RISMedia.com.