National Association of Professional Women Announces Mona Pooser, Vice President, Realtor at Thomas Group Realty, a …

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My background prepared me to provide the very best customer service possible during each real estate transaction that continues beyond the sale.

Garden City, NY (PRWEB) July 29, 2014

NAPW honors Mona Pooser as a 2014 Professional Woman of the Year. Ms. Pooser, Vice President, Realtor at Thomas Group Realty, is recognized with this prestigious distinction for leadership in real estate. As the largest, most-recognized organization of women in the country, spanning virtually every industry and profession, the National Association of Professional Women is a vibrant networking community with over 600,000 members and nearly 300 Local Chapters.

For more than 25 years, Ms. Pooser enjoyed a successful career in advertising and marketing. Working in this field, she honed her skills in a number of areas including sales, management and quality control, knowledge she took with her as she embarked on a new career in real estate.

“My background prepared me to provide the very best customer service possible during each real estate transaction that continues beyond the sale,” says Ms. Pooser.

As Vice President, Realtor at Thomas Group Realty, a family-run, boutique real estate agency in Gainesville, FL, Ms. Pooser provides clients with outstanding services to ensure all of their real estate needs are met. From helping first-time home buyers purchase their dream home to working with individuals and families who have to relocate to getting top dollar for clients who are selling their properties, Ms. Pooser expertly handles every detail of each transaction from start to completion.

A member of the National Association of Realtors, the Florida Association of Realtors and the Gainesville/Alachua County of Realtors, Ms. Pooser has earned the designation of GRI from the Graduate Real Estate Institute. She has also received the designation Certified Sales Professional of New Homes (CSP) from the National Association of Home Builders.

Awards Accomplishments: Member:National Association of Realtors,Florida Association of Realtors,Gainesville/Alachua County of Realtors,National Association of Home Builders, Women’s Council of Realtors;Sponsor of National Multiple Sclerosis Society;former co-chairperson 12 annual Gainesville MS Walks;MS Ambassador

NAPW’s mission is to provide an exclusive networking forum to professional women where they can aspire, connect and achieve. Through innovative resources, unique tools and progressive benefits, professional women interact, exchange ideas, advance their knowledge and empower each other.

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Housing Recovery Slips: 3 Stocks to Dump Now

Following the winter chill, the housing market had been undergoing a steady recovery. However, recently released data suggests that home buyers seem to be wary of making purchases at the moment. The latest of these negative reports reveals that pending home sales declined in June after three consecutive months of solid growth.

Pending, New Home Sales Drop

Data released by the national association of realtors on Monday revealed pending home sales dropped 1.1% to 102.7 in June from May’s revised figure of 103.8. The drop in pending home sales in June was in contrast to the consensus estimate of a rise of 0.3%.

The decline in pending home sales numbers negatively impacted home builder stocks. The SPDR SP Homebuilders (XHB) declined almost 1.6%, the largest decliner among the SP 500 sectors. Key housing stocks from the sector such as Toll Brothers Inc. (TOL), PulteGroup, Inc. (PHM), Lennar Corp. (LEN), KB Home (KBH), DR Horton Inc. (DHI) and Beazer Homes USA Inc. (BZH) decreased 1.5%, 0.9%, 2.1%, 1.7%, 0.6% and 2.8%, respectively.

The report followed discouraging new home sales numbers. Last Thursday, new single-family houses decreased 8.1% to 406,000 in June. New home sales registered its biggest drop in almost a year.

Existing Home Sales Peak, Home Price Growth Slows

In contrast, data released last week reveal existing home sales increased 2.6% in June. This metric increased to a seasonally adjusted annual rate of 5.04 million in June from May’s upwardly-revised figure of 4.91 million. This was also more than the consensus estimate of 4.98 million. Existing home sales rose for the third consecutive month in June, touching the highest level since Oct 2013.

Additionally, data released yesterday shows home price growth is slowing. SP/Case-Shiller Home Price Indices data revealed that the 20-City composite index, the leading measure of U.S. home prices, rose 9.3% year on year in May. However, the rate of growth was down from April’s year-on-year rise of 10.8%.

A Choppy Recovery

Taken together, data reveals that a recovery is indeed underway, albeit a choppy one. Home price growth may have declined to single digits in May, but this fall comes after a series of increases. Meanwhile, wage growth remains stagnant even though the job market has turned the corner.

Credit conditions also remain unfavorable since lending standards remain extremely stringent. This has prevented buyers from benefiting from low mortgage rates. The majority of home sales can be attributed to buyers who have good credit scores and are ready to make large cash downpayments. Most of these buyers are also likely to purchase expensive homes.

Our Choices

Here we will list 3 stocks that may witness further downside due to these factors. These stocks have witnessed downward estimate revisions recently. Moreover, share prices for each of these stocks have also declined considerably. These stocks carry either a Zacks Rank #4 (Buy) or Zacks Rank #5 (Strong Buy).

Hovnanian Enterprises Inc. (HOV) is a homebuilding company which designs, constructs and sells single family homes, townhouses, condominiums and active adult homes. It also offers financial services to its customers, including mortgage loans and title services. The stock holds a Zacks Rank #5 (Strong Sell) and earnings for the current year are expected to fall 48.9%.

Estimate Revision – Hovnanian has seen 4 negative revisions in the last 60 days for the current quarter and 3 negative revisions for current year estimates. Quarterly earnings consensus has declined from 10 cents a share to 7 cents a share. Yearly earnings consensus has dropped from 19 cents a share to 8 cents.

Share Price – The stock has lost 16.7% over the last four weeks.

DR Horton Inc. is one of the leading national homebuilders. The company is primarily engaged in the construction and sale of single-family houses both in the entry-level and move-up markets. D.R. Horton operates through two segments: Homebuilding and Financial Services. The Homebuilding segment comprises six reporting regions and derives revenues primarily from the sale of completed homes. The stock holds a Zacks Rank #4 (Sell).

Estimate Revision – DR Horton has seen 4 negative revisions in the last 30 days for the current quarter and 7 negative revisions for current year estimates. Quarterly earnings consensus has declined from 53 cents a share to 51 cents a share. Yearly earnings consensus has dropped from $1.75 cents a share to $1.63.

Share Price – The stock has lost 12.6% over the last four weeks.

Ryland Group Inc. (RYL) is a leading national homebuilder and mortgage-related financial services firm. The financial services segment complements the company’s homebuilding activities by providing various mortgage-related products. The stock holds a Zacks Rank #4 (Sell) and earnings for the current year are expected to fall 13.2%.

Estimate Revision – Ryland Group has seen 1 negative revision in the last 30 days for the current quarter and current year estimates. Quarterly earnings consensus has remained flat. However, yearly earnings consensus has dropped from $3.03 a share to $3.01.

Share Price – The stock has lost 9.5% over the last four weeks.

Despite recent negative reports, many economists are of the view that the housing recovery will continue. However, it may be some time, possibly next year, before the recovery gains momentum. This is why it may be a good idea to drop these stocks from your portfolio now.

Read the Full Research Report on PHM
Read the Full Research Report on LEN
Read the Full Research Report on TOL
Read the Full Research Report on KBH
Read the Full Research Report on DHI
Read the Full Research Report on BZH
Read the Full Research Report on HOV
Read the Full Research Report on RYL

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Local real estate cash sales lag national numbers


One-third of all home sales nationally are cash, according to the National Association of Realtors.

Cash, as they say, is king; and for the state of Georgia, it aligns right with the rest of the nation having 33 percent of all sales being cash.

This is higher than pre-recession numbers of 25 percent, but far below current cash purchase levels in some states like Florida (57 percent), New York (56 percent) and South Dakota (55 percent).

Cash purchases are typically indicative of the level of distressed properties still available, but also signify the level of support in the housing market by those buyers with cash who are choosing to put their money into real estate rather than the stock market or other investments.

Despite the drop in distressed properties, institutional investors still make up a sizable percentage of cash purchases.

Additionally, there are a greater number of foreign buyers investing in the U.S. real estate market, making up a significant part of all cash purchases.

In our area, the number of distressed purchases has declined significantly.

In the second quarter of this year, only 2.4 percent of all sales in North Fulton were distressed and only 4.7 percent in Forsyth County.

That’s a far cry from the 35 percent to 45 percent levels we saw at the peak.

As a result, cash sales in North Atlanta are well below the state and national trends.

Looking at all sales for the first half of this year, for both North Fulton and Forsyth County, the percentage of cash sales comes in just under 15 percent, or approximately half the state average.

FH-7-30

It’s official: NAR to manage new ‘.realtor’ top-level Internet domain

It’s official: The National Association of Realtors will begin offering its 1 million members Web addresses with a new .realtor top-level domain sometime before October.

 

Screen shot of sample .realtor site
Screen shot of sample .realtor site

In 2012, NAR applied to the Internet Corporation for Assigned Names and Numbers, which manages the Internet’s domain name system, to create and manage several new top-level domains, including .realtor.

Now, the trade group has a signed contract with ICANN to launch .realtor. NAR estimates that it will make .realtor domains available to members this quarter, which ends on Sept. 30.

“We are hoping to establish and announce a firm launch date within the next 30 days,” NAR spokeswoman Sara Wiskerchen said.

NAR will provide one free .realtor domain for one year to the first 500,000 members who register, according to www.dotrealtor.org, the dedicated website NAR has created to help administer the domain. After that threshold’s been reached, Realtors will pay $39.95 a year for a domain.

The .realtor top-level domain will be variations of “your_name_here.realtor.” Pricing for additional domains starts at $35.95 per year, with discounts for multiple domains and multiyear licenses. Bulk broker and franchise pricing is in development.

A .realtor domain “provides a competitive advantage for you in the marketplace,” the site said.

“A .realtor domain will give you the ability to clearly show your status as a Realtor in your website address. It also prominently connects you to the $5 billion Realtor brand value — just like placing the Realtor membership trademark on your business cards or wearing a Realtor lapel pin.”

NAR members who purchase .realtor domains will also receive a free profile website from realtor.com that will incorporate mobile-responsive design and automatically imports content from members’ social networks and blogs. The site also lets members display all of their realtor.com listings, showings and closed transactions.

The site allows members to import client recommendations from LinkedIn, RealSatisfied and other sources, and automatically ask for recommendations from clients after closing a sale, according to a sample .realtor website.

Members will have full control over which recommendations are approved and displayed, and will be able to enhance those endorsements with photos, videos and transaction information. They will also be able to share those recommendations on social networks.

Although NAR touts .realtor sites as a marketing tool, some have worried that the trade group’s history of enforcing its trademark will lead to censorship. It also remains to be seen whether Realtors with well-established websites will be interested in the domain.

ICANN has already assigned hundreds of new top-level domains and says it could assign some 1,300 over the next few years. Examples of commonly used top-level domains include “.com” and “.org.”

NAR also applied for the .realestate and .home domains, but there are competing applicants for those domains and they have yet to be assigned, according to ICANN’s website.

A similar domain, .homes, has been assigned to DERHomes LLC, a wholly owned subsidiary of Dominion Enterprises, which owns Homes.com and ForRent.com, among many other brands.

In its application for the .homes domain, DERHomes said its intention was to bring to market “a trusted, hierarchical, and intuitive namespace for consumers that will contain listings of homes for rent or sale, as well as a repository of goods and services related to homes.”

NAR’s counterpart to the north, the Canadian Real Estate Association, has applied to ICANN to create and manage a new .MLS top-level domain with backing from the MLS Domains Association, but there is a competing applicant, Afilias Limited, and the domain remains in contention. Last year, CREA lost a bid to throw out that rival application.

Number of pending homes sales slips in June

WASHINGTON (AP) – Fewer Americans signed contracts to buy homes in June, as the real estate market appears to have cooled off this summer.

The National Association of Realtors said Monday that its seasonally adjusted pending home sales index slipped 1.1 percent to 102.7 last month. The index remains 7.3 percent below its level a year ago.

Sales have been slowed by a mix of meager wage growth, rising home prices, and mortgage rates that rose steadily through the end of last year.

Pending sales are a barometer of future purchases. A one- to two-month lag usually exists between a contract and a completed sale.

Signed contracts in June fell in the Northeast and South. They rose slightly in the Midwest and West. Pending sales in all four U.S. regions are below last year’s pace.

Home sales had been improving through the middle of 2013, only to stumble over the past 12 months. Buying has decelerated despite a recent decline in mortgage rates and home prices increasing at a slower rate than last year.

Sales were initially disrupted by harsh winter weather, but the summer slowdown suggests that financial pressures are now keeping would-be buyers on the sidelines.

“The latest decline raises questions about the housing market strength after the weather-related rebound is behind us,” said Yelena Shulyatyeva, an analyst at BNP Paribas. “Housing will remain an area of concern” for Federal Reserve Chair Janet Yellen.

New home sales fell 8.1 percent last month to a seasonally adjusted annual rate of 406,000, the Commerce Department said last week.

The Realtors recently reported that sales of existing homes increased 2.6 percent in June to a seasonally adjusted annual rate of 5.04 million homes. It marked the first time that sales have been above the 5 million-mark since October, yet the pace of buying remained below last year’s level of 5.1 million.

Economists generally consider annual home sales of 5.5 million to be consistent with a healthy housing market.

Still, there are indications that sales could pick up.

Along with the arrival of spring, average mortgage rates have dropped to 4.13 percent, down from a 52-week high of 4.58 percent, according to Freddie Mac.

The rate of average price gains has slowed to 4.3 percent year-over-year, according to the Realtors. That’s down from gains in the double digits. But wage growth has barely kept pace with inflation, eating into how much income people have to spend and save for down payments.

Pending home sales dip with supply shortages, flat wages

The National Association of Realtors (NAR) released their Pending Home Sales Report for June showing that pending home sales declined with the seasonally adjusted national index falling 1.1 percent from May and dropping 7.3 percent below the level seen in June 2013. 

Meanwhile, the NARs chief economist Lawrence Yun indicated that while current activity has improved overall, conditions are still challenging for potential home buyers.

“Activity is notably higher than earlier this year as prices have moderated and inventory levels have improved, … However, supply shortages still exist in parts of the country, wages are flat, and tight credit conditions are deterring a higher number of potential buyers from fully taking advantage of lower interest rates.”

The following chart shows the seasonally adjusted national pending home sales index along with the percent change on a year-over-year basis as well as the percent change from the peak set in 2005 (click for larger version).

Updater and zipLogix Partner to Simplify the Moving Process

CHICAGO, IL–(Marketwired – Jul 29, 2014) –  Updater and zipLogix, both investments of the National Association of Realtors®, announced a partnership to help real estate professionals streamline the moving process for their clients from within zipForm®. The technology collaboration will enable zipLogix users to seamlessly offer their clients Updater’s personalized and guided experience for completing moving-related tasks. Updater’s web application helps clients update their new address across all accounts and subscriptions, transfer utilities, forward mail with the U.S. Postal Service, and much more.

“Integrating Updater with zipForm® makes it effortless for real estate professionals to eliminate a major pain point for clients during the moving process,” said David Greenberg, founder and CEO of Updater. “We’re excited to help real estate professionals deliver an enhanced client experience.”

zipLogix is the official forms software of NAR, and Updater is an investment of NAR’s strategic venture arm, Second Century Ventures, and was a member of its 2013 REach® accelerator class. “We invest in technologies and companies based on their potential to add value to the real estate industry,” said Constance Freedman, managing director of Second Century Ventures. “When companies that we work with come together to enhance each other’s value, it’s a win-win for real estate agents, consumers and our portfolio.”

About zipLogix
The zipLogix family of tech-savvy products is the recognized industry standard for electronic real estate forms and transaction management system that are currently used by more real estate professionals than any other real estate software program. zipForm® is the exclusive and official forms software of the National Association of Realtors®. zipLogix also offers relay®, the web-based transaction management system. zipLogix provides transaction solutions to real estate professionals that enhance the value of services they deliver to their clients while improving productivity and efficiency. zipLogix is a subsidiary of Real Estate Business Services, Inc. (REBS) and is a joint venture between REBS and the National Association of Realtors®. For more information on solutions for today’s real estate industry or to discuss integrated partnership opportunities, contact Rob Reid at 586-840-1179.

About Updater
Updater makes moving easier for the 45 million Americans on the move every year. Updater users seamlessly transfer utilities, update accounts and records, forward mail, and much more. Additionally, thousands of relocation professionals (from real estate brokers to property managers) rely on Updater’s business solutions to save clients hours with a branded and personalized Updater experience. Headquartered in New York City, Updater has raised $10 million from SoftBank Capital, IA Ventures, Commerce Ventures, Second Century Ventures (the strategic investment arm of the National Association of Realtors®), and leading angel investors. 

About Second Century Ventures
Second Century Ventures is the strategic investment arm of the National Association of Realtors® focused on promoting innovation in the real estate industry and helping the entrepreneurial spirit of real estate to thrive. NAR can provide immediate strategic value to SCV portfolio companies by allowing them access to the vast resources of a 300-person organization with the expertise, influence and power that comes only by being ingrained in an industry for more than 100 years.

About the National Association of Realtors®
The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.

Information about NAR is available at www.realtor.org. This and other news releases are posted in the “News, Blogs and Videos” tab on the Realtor.org website. 

New app launched by Wilmington Realtors

The app, SouthEast NC Real Estate, works on all major mobile devices and is available to download from all major app stores, including iTunes and Google Play, the WRAR said.

The Brunswick County Association of Realtors launched a similar app last year named Search SouthEast NC RealEstate. Covering homes listed on the Brunswick multiple listing service, it also is available through app stores.

The Brunswick association does “have an app named similar to ours with ‘search’ as the first term,” said Brian Pilon, the WRAR’s marketing and communications director. “It was not our intention to create competition, but to position ourselves in front of consumers in the best interest of our members.”

WRAR’s mobile app uses GPS technology 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 and pictures.

They also can draw a circle around a certain area and search within that for homes, said Sandy Beals, president of the WRAR’s multiple listing service.

The “Refine Search” feature lets users select a price range, property type and the number of bedrooms and bathrooms they are seeking.

The “Contact” feature within the app connects the user to the listing agent by phone, text or email.

The app allows users to directly access the MLS, Beals said, so the home must be listed there.

The MLS encompasses every listing in New Hanover County and the listings for agents who are MLS members in all surrounding counties, including Pender and Brunswick, Beals said. That also reaches into Columbus and Onslow.

WRAR’s app launch is part of a nationwide trend that is well established, Beals said.

Mobile applications are used by 68 percent of new home shoppers at the onset and throughout their research, according to the National Association of Realtors.

Wayne Faulkner: 343-2329

On Twitter: @bizniznews

NAR-backed zipLogix and Updater integrating to help streamline the moving …

Two companies partially owned by the National Association of Realtors will soon integrate their products to help real estate professionals simplify the moving process for their clients, the trade group announced today.

As a result of the integration, agents who use both NAR’s official forms software provider zipLogix and address-change Web app Updater will be able to send their clients email invitations to use Updater directly through zipForm without having to log in to both platforms.

Moving day image via Shutterstock.
Moving day image via Shutterstock.

Updater allows clients to easily update their new address on over 10,000 accounts and subscriptions, file their official U.S. Postal Service mail forwarding form, and transfer and connect utilities, among other moving-related tasks.

“Integrating Updater with zipForm makes it effortless for real estate professionals to eliminate a major pain point for clients during the moving process,” said David Greenberg, founder and CEO of Updater, in a statement. “We’re excited to help real estate professionals deliver an enhanced client experience.”

An Updater subscription costs $149 a year and allows an agent to send an unlimited number of clients emails inviting them to use a version of Updater that’s branded with the agent’s headshot and contact information, and includes prefilled client forms and a personalized work flow.

The integration is slated to launch in September, Updater told Inman News. Agents will be able to either automate invitations so that they are sent to all of their zipForm clients or manually choose which clients receive invites.

ZipLogix is a joint venture between NAR and California Association of Realtors subsidiary Real Estate Business Services Inc. (REBS). As of the end of 2013, NAR owned an approximate 30 percent interest in zipLogix. In the three years between 2011 and 2013, NAR invested $17.75 million in the company and received $1.15 million as a return on capital, according to NAR financial reports. Realtors receive discounts on some zipLogix products.

Earlier this year, Updater closed an $8 million funding round that included a commitment from Second Century Ventures, NAR’s venture capital fund. NAR did not disclose the investment amount at the time, but a financial report from the trade group shows that the amount was $1.97 million, representing an 8.7 percent stake in the startup. Updater was one of seven companies in the inaugural 2013 class of REach, NAR’s tech incubator.

“We invest in technologies and companies based on their potential to add value to the real estate industry,” said Constance Freedman, SCV’s managing director, in a statement.

“When companies that we work with come together to enhance each other’s value, it’s a win-win for real estate agents, consumers and our portfolio.”

National Association of Professional Women Announces Mona Pooser, Vice …


National Association of Professional Women Announces Mona Pooser, Vice President, Realtor at Thomas Group Realty, a 2014 Professional Woman of the Year

PRWEB.COM Newswire

PRWEB.COM NewswireGarden City, NY (PRWEB) July 29, 2014

NAPW honors Mona Pooser as a 2014 Professional Woman of the Year. Ms. Pooser, Vice President, Realtor at Thomas Group Realty, is recognized with this prestigious distinction for leadership in real estate. As the largest, most-recognized organization of women in the country, spanning virtually every industry and profession, the National Association of Professional Women is a vibrant networking community with over 600,000 members and nearly 300 Local Chapters.

For more than 25 years, Ms. Pooser enjoyed a successful career in advertising and marketing. Working in this field, she honed her skills in a number of areas including sales, management and quality control, knowledge she took with her as she embarked on a new career in real estate.

“My background prepared me to provide the very best customer service possible during each real estate transaction that continues beyond the sale,” says Ms. Pooser.

As Vice President, Realtor at Thomas Group Realty, a family-run, boutique real estate agency in Gainesville, FL, Ms. Pooser provides clients with outstanding services to ensure all of their real estate needs are met. From helping first-time home buyers purchase their dream home to working with individuals and families who have to relocate to getting top dollar for clients who are selling their properties, Ms. Pooser expertly handles every detail of each transaction from start to completion.

A member of the National Association of Realtors, the Florida Association of Realtors and the Gainesville/Alachua County of Realtors, Ms. Pooser has earned the designation of GRI from the Graduate Real Estate Institute. She has also received the designation Certified Sales Professional of New Homes (CSP) from the National Association of Home Builders.

Awards Accomplishments: Member:National Association of Realtors,Florida Association of Realtors,Gainesville/Alachua County of Realtors,National Association of Home Builders, Women’s Council of Realtors;Sponsor of National Multiple Sclerosis Society;former co-chairperson 12 annual Gainesville MS Walks;MS Ambassador

NAPW’s mission is to provide an exclusive networking forum to professional women where they can aspire, connect and achieve. Through innovative resources, unique tools and progressive benefits, professional women interact, exchange ideas, advance their knowledge and empower each other.

Read the full story at http://www.prweb.com/releases/napw/realtorGainesvilleflorid/prweb12026716.htm

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