The NAR Power Broker Roundtable: Where Is Real Estate Going Next?

The Power Broker Roundtable is brought to you by the National Association of Realtors® and Jeff Barnett, NAR’s Liaison for Large Residential Firms Relations. Watch for this column each month, where we address broker issues, concerns and milestones.

Moderator:
Jeff Barnett,
Liaison for Large Residential Firms Relations, NAR

Participants:
Alex Perriello,
President, CEO,
Realogy Franchise Group, Madison, N.J.
Lennox Scott,
Chairman, CEO,
John L. Scott Real Estate, Seattle, Wash.
Bob Moline,
President, COO, HomeServices of America,
Minneapolis, Minn.

Jeff Barnett: As we go to press, home contract activity is at its highest level since April 2010 and pending sales, the National Association of REALTORS® (NAR) tells us, have been above year-ago levels for the past 24 months. But the last boom and downturn are still fresh in our minds, and both buyers and sellers are changing. Where, exactly, does the recovery stand today, and how can we set a path for steady growth going forward? For answers, we’ll hear from a prestigious group of leading industry professionals—members of NAR’s Large Residential Firms Real Estate Services Advisory Group. Alex, where do you see the recovery now?