New realtors are piling into the Triangle’s red-hot housing market. Shawn Hays, the president of the Durham Regional Association of Realtors, says there are nearly seven agents for one home on the market.
INVESTIGATION AND BRING YOU UPDATES AS WE HAVE THAT BACK TO YOU. THANK YOU, ERIC PERSPECTIVE. HOME BUYERS WILL FLOOD OPEN HOUSES THIS WEEKEND. >> AT THE SAME TIME, MORE AND MORE REALTORS ARE POURING INTO THE TRIANGLE IS RED HOT HOUSING MARKET. HERE’S A STATISTIC THAT WILL MAKE YOU STOP IN YOUR TRACKS. DATA OBTAINED BY WRAL SHOWS THERE ARE 7 REAL ESTATE AGENTS FOR EVERYONE ACTIVE HOME ON THE MARKET. SO WHAT DO YOU DO AS A BUYER WHEN THERE ARE MORE REAL ESTATE AGENTS THAT HOMES, THE BUREAU’S AARON THOMAS IS LIVE IN DURHAM TONIGHT WITH AN INTERVIEW YOU’LL ONLY SEE ON WRAL AARON. >> WELL, GEORGE WANT TO TALK ABOUT COMPETITIVE HERE TONIGHT. WE SPOKE WITH THE REAL ESTATE AGENT WHO JUST SOLD THIS DURHAM HOME HERE. HE SAYS THE BUYERS BOUGHT IT FOR MORE THAN $25,000 OVER ASKING PRICE WITHOUT EVEN STEPPING FOOT INSIDE. WHAT ALONG THE STRIP HERE THERE BEING SO MANY CHOICES TO CHOOSE FROM WHEN IT COMES TO AGENTS. EXPERTS SAY YOUR BEST BET IS USING ONE WITH LOTS. AND I MEAN, LOTS EXPERIENCE. >> THE REAL ESTATE INDUSTRY CONTINUES TO GET MORE COMPETITIVE AS A SURGE OF AGENTS JOINED THE HOUSE IN GOLD RUSH IN THE TRIANGLE AT THEIRS. ALMOST 7 AGENTS FOR EVERY HOUSE THAT IS CURRENTLY AVAILABLE RIGHT NOW. WHAT FACTORS ARE DRIVING NEW WORKERS TO THIS BOOMING INDUSTRY BECAUSE OF COVID. YOU’VE SEEN PEOPLE MORE PEOPLE THAT HAVE THE TIME TO GET THEIR LICENSE BECAUSE THE EDUCATION HAS CHANGED TO ONLINE VERSUS IN-PERSON. SO IT BECAME MORE ACCESSIBLE. THIS IS NO DIFFERENT THAN OTHER PROFESSIONS THAT ARE ATTENDANT GET HOT PEOPLE MOVING THEM. AND THE IS MIKE WALDEN SAYS NEW REALTORS MAY BE LOOKING TO CASH IN AS HOUSING PRICES SOAR. >> HE FORESEES INCREASING INTEREST RATES ON HOMES, WEEDING OUT SOME OF THE NEWCOMERS TO THE INDUSTRY. IF THE DEMAND TO PURCHASING A HOME DROPS, SOME PEOPLE WHO ARE IN THE REAL ESTATE MARKET AS AGENTS THEY SAY WILL WRITE, MAYBE GOING TO GET OUT FOR A WHILE AND DO SOMETHING ELSE WITH MANY OPTIONS TO CHOOSE FROM REALTOR SEAN HAYES SAYS USING A REAL ESTATE AGENT WITH EXPERIENCE WILL BE YOUR BEST BET FOR SUCCESS WITH KNOWING THE MARKET. IT’S KNOWING THE NUMBERS. >> KNOWING HOW TO PUT THE DEAL TOGETHER. THAT MAKES YOU STAND OUT FOR YOUR CLIENTS. SOME GOOD ADVICE RIGHT THERE. HERE ARE SOME OTHER 66 THAT WRAL OBTAINED. SO WE LEARNED THAT TODAY. >> THAT THERE WERE CLOSE TO 2000 AVAILABLE LISTINGS IN THE TRIANGLE AREA. PAIR THAT WITH MORE THAN 13,000 REALTORS IN THE AREA CAROL, THAT’S WHAT
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