Company-Wide Meeting December 10
Company-Wide Meeting December 10
The meeting covered the release of new real estate forms and laws for 2025. Colleen Johnson detailed seven new forms, including an increased deposit addendum and a renaming of the RPOI to the intake form. Gary discussed new laws such as the balcony inspection deadline extension to 2026, the requirement for tenant positive rental payment reporting, and the need for move-in and move-out photos for security deposits. The median home buyer age increased to 56, and first-time buyers dropped to 24% of the market. Lawrence Yoon predicted a 10% increase in home sales in 2025, with mortgage rates likely to remain around 6%. The conversation discusses the impact of rising interest rates on the housing market, noting a significant increase from 3% to 8% in July 2023, leading to a surge in canceled transactions from 15,000 to 60,000 monthly. Despite predictions of fluctuations around 6%, there’s optimism for market recovery. The discussion also highlights the resilience of real estate agents who have navigated recessions and COVID-19, with 200,000 new Realtors annually, and emphasizes the success of the top 20% who achieve six-figure incomes. Consumer satisfaction with realtors is high, with 90% recommending them, and there’s a call for more Americans to participate in home ownership.
