2021 Swanepoel Trends Report & MLS Emerging Trends - Stellar MLS
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AN UNCOMMON TEAM PRACTITIONERS. LEADERS. SERVANTS. Collectively, members of the T3 Sixty leadership team have over 200 years of industry experience and have held many tens of C-suite positions. 20 Full-time team members
Robert Reffkin- Co-founder and CEO Compass "There has probably never been a time in human history when people have depended on their homes more than they have in 2020… That has also made us more intimately aware of the inadequacies of our homes than ever before."
Trend 09 Trend 04 The Housing Affordability Reality Revitalizing Real Estate’s Largest Franchisor and Brokerage Company Trend 08 Inside the Clear Cooperation Policy Trend 03 Managing Diversity and Inclusion Trend 07 The Brokerage Ancillary Business Playbook Trend 02 The Lead-Generation-Focused Trend 06 Business Opportunity The Real Estate Franchising Landscape Trend 01 Trend 05 Real Estate in a Post-Pandemic ‘New Normal’ Real Estate’s Cloud-Based Brokerage Takes Flight
Trend 9 The Housing Affordability Reality The details behind the nation’s deteriorating housing affordability Homeownership is a key part of the nation’s economy, communities and, of course, the residential real estate brokerage industry. This chapter analyzes the recent deterioration of affordable homeownership, the factors contributing to it and some solutions to alleviate the challenge.
Housing Affordability Index (2000-2020) Source: National Association of Realtors
Housing Opportunity Index Source: CoreLogic, Census Bureau, HUD & Freddie Mac. Analyzed by NAHB Economics & Housing Policy Group
Trend 8 Inside the Clear Cooperation Policy Real estate’s pre-marketing policy goes live The Clear Cooperation Policy, which clarifies how MLS participants can market homes for sale before broadcasting throughout the MLS, went into effect in 2020. This chapter analyzes its implementation and impact.
Trend 7 The Brokerage Ancillary Business Playbook Details on how brokerages can take advantage of this lucrative opportunity Increasingly, brokerages must leverage revenue and profitability opportunities outside of their core transaction-based operations. This chapter outlines the immense business opportunity provided by mortgage, title, insurance and other operations ancillary to the home transaction that brokerages handle.
Trend 3 Managing Diversity and Inclusion Increasing racial diversity in homeownership and the residential real estate brokerage industry is more important now than ever Real estate offers so many opportunities to so many, yet homeownership and real estate careers remain racially unrepresented. This chapter explores some of the realities behind the divide and offers some suggestions to make the industry and ownership more accessible to more groups.
Home Ownership Rate and Percentage Change Family Median Net Worth by Race Source: 2020 Real Estate Almanac, Realogy, T3 Sixty Source: 2019 Federal Reserve Survey of Consumer Finances
U.S. Population and NAR Membership by Percentage of Race Sources: *2019 U.S. Census Data. **2019 NAR Member Profile
Trend 2 The Lead-Generation-Focused Business Opportunity A new brokerage model that generates significantly higher profits Lead generation has been around as a business strategy for many decades. However, in recent years, thanks to technology and a maturation of the real estate team phenomenon, a new business model is enabling brokers to increase profit margins. This chapter introduces the model and its key elements.
Trend 1 Real Estate in a Post-pandemic ‘New Normal’ The impact and future of the real estate industry transformed by COVID-19 There have been few impacts as large or as deep on the residential real estate brokerage industry than the ones brought on by the COVID-19 pandemic. Although real estate proved very resilient it has been changed forever. This chapter dives into the changes and the industry’s future.
Industries Impacted Source: U.S. Bureau of Labor Statistics
EMERGING TRENDS MLS specific shifts that are and will impact decision making • Increased Expansion and Competition • Acceleration of Technology • Importance of Data • “Publicization” of the Real Estate Industry
EMERGING TRENDS MLS specific shifts that are and will impact decision making • Increased Expansion and Competition • Acceleration of Technology & Innovation • Importance of Data • “Publicization” of the Real Estate Industry
EMERGING TRENDS MLS specific shifts that are and will impact decision making • Increased Expansion and Competition • Acceleration of Technology & Innovation • Importance of Data (Stewardship/Utilization) • “Publicization” of the Real Estate Industry
EMERGING TRENDS MLS specific shifts that are and will impact decision making • Increased Expansion and Competition • Acceleration of Technology & Innovation • Importance of Data (Stewardship/Utilization) • “Publicization” of the Real Estate Industry
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