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Rodeo Realty jumps up this year, ranked #29 for brokerage with the highest closed sales in US

REPORT RANKS NATION’S LARGEST REAL ESTATE FIRMS:

Rodeo Realty tops the Chart this year with our highest ranking ever

The 500 Largest Brokers in the U.S

Ranked by Closed Sales Volume for 2012– Rodeo Realty #29

Ranked by Closed Transaction Sides for 2012- Rodeo Realty #63

 

 (REAL Trends, Inc.-Denver)  According to a recent research report produced by REAL Trends, the 500 largest residential real estate brokerage firms in the nation controlled just over 2 million residential sales transactions in 2012.  The transactions represent close to 29.8 percent of all new and resale transactions completed by brokers during the year, yet the REAL Trends 500 represented less than three-fifths of one percent of all brokerage firms.  The 500 mega-brokers closed 2,290,269 home transactions with a value of over $624 billion during 2012.

Included in the REAL Trends 500 is  Rodeo Realty headquartered in Beverly Hills.  Rodeo Realty  ranked number # 29  in the REAL Trends 500, closing in with the highest record of closed sales volume for 2012. 

The report also ranked Rodeo Realty #63 in the country with most closed residential transaction sides for 2012.

The 2013 REAL Trends 500 is a compilation of a nationwide study of leading residential real estate companies conducted by REAL Trends, the trusted source for useful and timely information.  This year’s survey represents the most comprehensive collection of data assembled on the leaders of the residential brokerage industry.  Numbers are documented by outside accounting firms.

“The recovery in housing sales was reflected in the results from the REAL Trends 500,” says REAL Trends editor Steve Murray.  “There were a record number of firms that closed more than $1 billion in sales and over 1,000 units.   Unit sales were up 15.3 percent overall and total sales volume was up 20.7 percent.  There were over 1,300 firms that qualified for either the REAL Trends 500 or the Up and Comer list.  Many of the firms that had increased unit sales accomplished this through organic growth while merger activity remained slower than in years past. We expect acquisition activity to pick up, however, in the years to come as the market consolidates.”

NRT, Inc. led the REAL Trends 500 as the largest residential brokerage company in the country.  The firm, which owns 712 residential real estate offices across the United Sates, closed 289,614 transactions in 2012. Owned entirely by Realogy, NRT acquires residential real estate brokerage firms and operates them as affiliates of Coldwell Banker Real Estate Corporation and ERA Franchise Systems, Inc.

Number two on the list of the nation’s largest firms is HomeServices of America Inc. headquartered in Minneapolis, MN, with 151,017 closed transaction sides.  Number three on the list is The Long & Foster Companies, Inc., headquartered in Chantilly, VA, with 65,912 transactions and number four was Pittsburgh-based Hanna Holdings, Inc., with 37,986 transactions.

REAL Trends, Inc. is a research, publishing and communication company located in Denver serving the information needs of the residential real estate industry.

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Rodeo Realty itunes app now available for download! Check it out.

TODAY Rodeo Realty Launches Mobile Real Estate App to Search All Local Homes for Sale on iPhone, BlackBerry, Android, iPads & Smart Phones 

 

 

Our new mobile app uses GPS, when available, to locate the user and display listings in the immediate area. Users can also search by address, city or zip code to see property details for all homes for sale in a specified area, including price, square footage, estimated mortgage, taxes, features, maps, pictures and more. The “Refine Search” feature lets users select a price range, property type and the number of beds and baths to help them find just what they’re looking for.

Wherever you are, driving, or walking around looking at properties, you’ll have access to all of the MLS information on the homes for sale around you, with just one touch of a button on your cell phone.   Hit “Call to See” and you will be put right in touch with ME, ready and waiting to serve all of your real estate needs.

It’s so easy to do!  Just text RODEO to 87778, and the application will be sent to your phone by text message.  Just click on it and the application downloads right away.

 

 

 

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Los Angeles Market Report March 2013

Provides local real estate market statistics for the Los Angeles and Westside areas.

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San Fernanado Valley Market Report March 2013

Provides local real estate market statistics for the San Fernando Valley area of Los Angeles.

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San Fernanado Valley Market Report February 2013

Provides local real estate market statistics for the San Fernando Valley area of Los Angeles.

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Los Angeles Market Report February 2013

Provides local real estate market statistics for the Los Angeles and Westside areas.

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Economic Update: Week of 3/22

Economic Update: Week ending 3/22

The federal reserve chairman, Ben Bernanke  announced this week that the fed will continue bond purchases to keep long term interest rates down until substantial improvement in the employment market is seen. With that said 226,000 jobs were added in February and over the last 5 months the average has been 200,000 jobs added per month. The unemployment rate dropped to 7.7%, the lowest level since 2008. Bernanke also said that when the fed decides to pull back that they can act quickly and begin buying bonds again if the economy begins to stall. His suggestion of pulling back on bond purchases and letting long term interest rates rise to market levels mark a change in the long term foreseeable future comments made earlier this year. I believe we will see interest rates rising soon, as all indicators including employment have shown gains above what has been expected. This could begin as early as the next fed meeting.

In other news Cyprus had a run on its banks, which while newsworthy, had no impact on our economy or markets. Had it not been slow news days this would not have had much coverage as Cyprus is such a small economy. As far as home sales news:   US home resale’s were up 10.2% and the median  price index showed a 11.6% year to year increase for February, lower than California but huge for US! Home builders reported that they can’t find land to purchase and can not get zoning and building approval quick enough to meet demand.

Mortgage rates this week fell back toward historic lows after moving up a week ago. The average rate on 30-year loan fell to 3.54% this week, from 3.63%, a high for the year last week, and the highest rate since August 2012. The rate on the 30-year loan has been below 4 percent now for a full year and is expected to stay under 4 percent for all of 2013 based on Freddie Macs adjusted upper end of its inflation range forecast.   The 15-year loan averaged 2.72% this week, from 2.79% last week.  The lowest mortgage rates in decades are spurring more home purchases and refinancing. That’s really helped the broader economy. Increased sales are also pushing home prices higher. As the spring home-buying season begins, low mortgage rates will entice more people to buy homes or refinance. The National Association of Realtors reported Thursday that sales increased 0.8% in February from January to a seasonally adjusted annual rate of 4.98 million. That was the highest sales pace since November 2009, when a temporary tax credit for home buyers had boosted sales. However, some people still are unable to take advantage of the low mortgage rates, either because they can’t qualify for stricter lending rules or they lack the money for larger down payment requirements. First-time buyers made up just 30% of sales in February. In more stable economies, they make up more than 40%  of sales.

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Economic Update: Week of 3/15

 

 

Mortgage rates sharply rose this week as positive job reports suggest the economy continues to recover. Rates on 30-year fixed-rate mortgages averaged 3.63 percent for the week ending March 14, up from 3.52 percent last week but down from 3.92 percent a year ago. Rates on 30-year fixed-rate loans hit a low in Freddie Mac records dating to 1971 of 3.31 percent during the week ending Nov. 21, 2012. For 15-year fixed-rate mortgages, rates averaged 2.79 percent, up from 2.76 percent last week but down from 3.16 percent a year ago. Rates on 15-year fixed-rate loans hit a low in Freddie Mac records dating to 1991 of 2.63 percent during the week ending Nov. 21, 2012.  For five-year Treasury-indexed hybrid-rate mortgage (ARM) loans, rates averaged 2.61 percent, down from 2.63 percent last week and 2.83 percent a year ago. Rates on one-year Treasury-indexed ARM loans averaged 2.64 percent, virtually unchanged from 2.63 percent last week, but down from 2.79 percent a year ago.  Rates on one-year ARM loans hit a record low dating to 1984 of 2.52 percent during the week ending Dec. 20, 2012.

 

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