In other words...
News, Thoughts, and Insights.
BRIAN PATE – REALTOR®, Real Estate Instructor
Brian@PateRealty.com
919-669-4575
Brian Pate has been a well-respected real estate professional for over 30 years. During his time in the business, he has served as an agent, manager, instructor, coach and trainer for over 20,000 real estate students. In addition, the teams he has managed and coached have produced over $2 billion in real estate sales under his leadership.
March 2023 CPI Report
The March Consumer Price Index (CPI) report showed that overall inflation increased by only 0.1% which was lighter than the 0.2% expected. Year over year, inflation declined from 6% to 5% which was lower than the expected 5.1%. At its peak, inflation was at 9.1% and...
What are the latest tech trends in home building?
Consumers are eager for energy savings promised by the tech and home security world. Here are a few things that we are seeing from new home builders:
Case-Shiller Index up 3.8% in January 2023
The S&P CoreLogic Case-Shiller National Home Price Index rose 3.8% in January 2023 from a year ago.
Benefits of Artificial Intelligence for Realtors
As technology evolves, it’s becoming increasingly necessary for real estate agents to make use of any tools at their disposal to better serve their clients.
Antitrust Lawsuit Against the National Association of Realtors
If you are a Realtor and have not been paying attention to the antitrust lawsuit against the National Association of Realtors (NAR), then it is time to start paying attention. Now that the lawsuit has been “certified” for Class Action Status, it is time to start...
Lead Platforms – Everything Old Is New Again
I have read that four major firms are in the process of creating “lead platforms” where the company generates leads and gives them to the agents.
Appraisal Addendum in North Carolina
I am hearing stories again of listing agents in North Carolina requiring Buyers to provide an “Appraisal Addendum” with offers from buyers.
February 20, 2023 Triangle Real Estate Statistics
The indications are that buyers are starting to appear again with a dip in interest rates in the first half of February. The inventory of homes available has dropped approximately 10% since the start of the year. This is not unusual as it is a seasonal effect.
Renting vs Buying a Home
In 2019, the SCF showed that homeowners had a typical net worth of $255,000 versus $6,300 for renters.
Historic Home Spotlight: 605 North Main Street, Wake Forest, NC
The Patterson-Eppes Home: Historic Home in Wake Forest, North Carolina 605 North Main Street Wake Forest, NC, Wake County Imagine yourself as a child in the 1930s. These were the years of the “Great Depression” following the collapse of the stock market due to...
January 2023 Market Update
Let’s start with the most important stat: For the first time since December 2, 2022, there are over 5,000 pending listings.
Brian’s Crystal Ball For 2023
Welcome to January 2023. It is time for everyone to do their forecasts for the coming year when “experts” try to predict the future. Do they really know what to expect?
Fall Real Estate Data from Triangle MLS
Five years from now, we will not even consider the statistical data from 2021 as it was a once in a lifetime event. Prices rose by over 20% and home buyers had to come to the table with ridiculous amounts of cash, waive inspections and take more risk than ever before.
North Carolina Assumed Business Name Certificate
Certificates filed before 2017 had received a five-year transitional period which is ending December 1, 2022. If your business filed its Assumed Name Certificate before 2017, or if changes have been made to an address, or name of the business, then it needs to be updated.
Listing inventory in the Triangle Multiple Listing Service has increased almost 500% in the last six months
The listing inventory in the Triangle Multiple Listing Service (TMLS) has increased almost 500% in the last six months.
Incognito Mode On Your Browser
Have you ever used “incognito mode” on your browser to go to places on the internet thinking you wouldn’t be tracked? Maybe you have been shopping for the surprise vacation for your significant other or shopping for a birthday gift and you didn’t want the person to know about it. Maybe you are using it for more “nefarious” reasons to visit the depths of the internet… you know what I mean!
YEARS IN REAL ESTATE
NUMBER OF AGENTS IN NC BRIAN TEACHES PER YEAR
In Real Estate sales through teams Brian has managed
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