Realtors open Homes for Heroes branch in Fresno

| May 24, 2016

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A team of Realtors at Realty Concepts in Fresno has become one of the latest Homes for Heroes affiliates to help people in the service professions get a discount while buying and selling their homes.

Spotlight

The Connor Group

The Connor Group is a real estate investment firm based in Centerville, Ohio. Founded in 1991 with the purchase of three Dayton apartment communities, The Connor Group has increased its portfolio to more than $1.6 billion in assets. The company has 14,000 units and more than 400 associates in nine markets: Atlanta, Austin, Charlotte, Cincinnati, Columbus, Dallas, Dayton, Nashville and Raleigh-Durham. In 2013, Glassdoor.com recognized the company as one of the top 50 places to work among mid-size companies. In 2008, the Dayton Business Journal named The Connor Group its overall Business of the Year as well as the Service Business of the Year. The company was a finalist for the award again in 2011 and 2012.

OTHER ARTICLES

Commercial Lease Considerations in Light of the COVID-19 Pandemic

Article | April 16, 2020

It has already been approximately one month since the COVID-19 pandemic thrust the commercial real estate industry in Canada into chaos. Landlords and tenants alike continue to face a litany of issues not previously seen in modern times. Many tenants are fighting for their continued survival, with some jurisdictions in Canada reporting that as many as half of the businesses closed will not re-open once this crisis is over. Landlords are grappling with how to keep their projects viable with so many vacancies looming and cash flow becoming increasingly restricted. How the industry addresses and emerges from the recent events will determine not only the immediate future, but also the long-term evolution of our industry.So how do commercial landlords and tenants proceed in these uncertain times? Below are some key considerations for both landlords and tenants alike.

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Digging Into Real Estate Data

Article | March 4, 2020

When speaking with perspective investors, the first question that I ask is how well they understand the numbers of a potential investment. If they reply with a simple, “everything’s good,” I know the deal probably isn’t for me. But, if they respond with hard data about the market, property and financial information, I can take them seriously and consider the investment. As an investor in any industry, numbers are your best friend. I’ve spent hours pouring over spreadsheets of data and mastering best accounting practices and it’s made me the diligent investor that I am today. I believe that this dedication to digging into data is what sets met apart from other real estate investors and continues to give me an edge.

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Lockdowns To Push Back Spring Selling Season

Article | August 18, 2021

The spring selling season might be pushed back for a couple of weeks or even months as lockdowns restrict activity in some states and territories, according to CoreLogic. Prior to the COVID-19 pandemic, sales and listing turnouts typically rise from September to November. Over the ten years to December 2019, the growth in new listings during spring averaged 15.7% while sales hit 6.8%. CoreLogic head of research Eliza Owen said both sales and listings tend to be most seasonal in the capital cities, particularly in Sydney and the ACT. With the lockdowns, however, the in-demand locations might not witness the same level of activity this upcoming spring, which is only two weeks away. "Observing housing market performance through lockdowns reveals that both sales and listings volumes will fall through lockdowns," Ms Owen said. What can be learned from last year's Melbourne lockdown? The extended lockdown in Melbourne last year could provide a glimpse as to what could happen in this year's lockdowns. Melbourne was in lockdown from mid-July to late October. During the period, listings dropped consistently, hitting the lowest at 1,411 in the four weeks to September, which was 80.7% lower than the previous five-year average. There are several factors that contributed to the slowdown during the period. Aside from the obvious restrictions that have limited inspections and auctions to virtual sessions, the low levels of consumer confidence also dampened the overall market sentiment, with vendors being unsure whether they would get an optimal price for their properties. Mortgage repayment deferrals and other government support also contributed, as these prevented distressed sales. However, when restrictions in Melbourne got lifted by late October, there was a sudden shift in the market mood, with listings quickly recovering. "New listings volumes through December 2020 trended an average 40.4% higher than the previous five-year average, suggesting the spring selling season of 2020 was 'pushed back' into the final months of the year," Ms Owen said. Lockdowns to only postpone market activity Ms Owen said the trend in sales and listings through a lockdown indicate the relative stability of the economy and the housing market amid the COVID-19 pandemic. "This has meant that housing purchasing decisions were more likely to have just been postponed through lockdowns, rather than abandoned all together.” In fact, the muted sales activity through lockdowns actually led to an uplift in sales across Melbourne in December of 2020 and July 2021, a time when seasonally, sales volumes would usually be far more subdued. "There are tailwinds in place for housing market demand to suggest this may happen again; household savings rates remain elevated, new average mortgage rates continue to reach new record lows, and many government fiscal stimulus and broader institutional responses have been resurrected amid renewed lockdowns," Ms Owen said. Affordability might become a concern The consistent surge in prices across capital cities in recent months have already resulted in the inevitable constraints in affordability. CoreLogic's Hedonic Home Value Index in July showed a 1.6% gain in dwelling values, a retreat from the previous growth of 1.9%. Ms Owen said some support schemes that supported consumer sentiment, such as JobKeeper and HomeBuilder have already ended which could dampen the expected rebound in demand. The rising threat of the Delta variant of COVID-19 might also be a major headwind, as it could result in further lockdowns which will ultimately impact the incomes of Australian households. "With affordability constraints becoming a larger obstacle in the market, as well as the potential for tighter credit conditions further down the track, if buyer activity does not match the lift in listings we could see a gradual rebalancing between sellers and buyers," Ms Owen said.

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8 Tips for Selecting the Right Real Estate Agent

Article | February 12, 2020

If you are in the market to buy or sell a home, the first decision you will need to make is if you plan to go it alone or if you decide to hire a real estate agent. There are many reasons why it makes sense to have a licensed real estate professional on your side. We won’t get into them in this article, but stay tuned to The Cyr Team Blog for more helpful real estate tips and information. Assuming you decide to hire a real estate agent, the next step is to determine who you want to work with. Selecting a Realtor® shouldn’t be about picking the first name you see on the nearest bus bench or shopping cart. It’s a decision that warrants a fair amount of thought and consideration. Hopefully, the tips below will help you in finding the real estate agent (or team) who is right for you.

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Spotlight

The Connor Group

The Connor Group is a real estate investment firm based in Centerville, Ohio. Founded in 1991 with the purchase of three Dayton apartment communities, The Connor Group has increased its portfolio to more than $1.6 billion in assets. The company has 14,000 units and more than 400 associates in nine markets: Atlanta, Austin, Charlotte, Cincinnati, Columbus, Dallas, Dayton, Nashville and Raleigh-Durham. In 2013, Glassdoor.com recognized the company as one of the top 50 places to work among mid-size companies. In 2008, the Dayton Business Journal named The Connor Group its overall Business of the Year as well as the Service Business of the Year. The company was a finalist for the award again in 2011 and 2012.

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