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.
Realtors Should Advertise Closing Costs Not A Buydown
With the real estate market changing, Realtors are trying our of the box techniques for advertising and marketing. Some are successful and others could put the agent into legal troubles.
How does the Federal Reserve Rate Hike Affect Wake County?
The Federal Reserve continues to raise interest rates to fight the ongoing inflation. The federal funds rate was raised by 75 basis points again at its September meeting.
Triangle MLS Pending Homes Sales Down
This morning, Triangle MLS pending homes sales dropped to the lowest number we have seen in years. Only 6,.993 homes are under contract in the 16 county base area covered by the multiple listing service.
Home Prices Drop Most Since 2011
Home prices dipped from June to July by .77% according to CNBC. Although home prices are only down slightly, it is the largest single month decline since January 2011.
Brian Pate Seminars Launches Coaching Program
Brian Pate Seminars has launched a coaching program for real estate agents that provides online training for agents. The coaching sessions will begin on Monday September 18th and the initial enrollment is limited to the first 20 people to register. The cost of the...
What is your Personal Inflation Rate?
Over the last few months, we have heard about inflation rates and how they have significantly increased over the last year. Most of us immediately think about what we get paid and then go back to the last time we had a raise. If it has been a while, we might even...
Triangle MLS stats for August 11, 2022
Active: Active Listings- 5,295 Avg Resale days on market- 38 Median Resale days on market- 27 Avg List Price- $577,005 Med List Price- $460,000 Pending: Total Pending Listings- 7,339 Resale Pending Listings- 3,388 Resale Pending Avg List Price- $444,946 Resale...
Are We In A Housing Bubble?
Many people are asking, “Are we in a housing bubble?” The simple answer is, “No.” There are no indications that we are in a housing bubble even though we are in the first phases of a recession.
DIY Jobs Sellers Should Avoid
As the pandemic kept people at home, in some cases for more than 18 months, many became overconfident with the “Do It Yourself” (DIY) skills.
Bobby Bowden Obituary One Year Later
One year ago today, Bobby Bowden, former head coach of the Florida State Seminoles passed away. As a little boy in Tallahassee, Florida, I remember when Florida State hired Bobby Bowden in 1976 as the head football coach from West Virginia University. FSU had...
Triangle Real Estate Statistics for July 2022
July has been an interesting month in real estate activity in the Raleigh and Durham region of North Carolina. The number of listings is up, as are the number of sales, while days on market has started to shift due to some new rules with the Triangle MLS.
Triangle MLS Merger With Alamance-Burlington MLS Getting Closer
The Triangle MLS (TMLS) Board of Directors announced to members on July 19, 2022 that an agreement has been reached with the Burlington-Alamance Association of Realtors to merge with the 2nd largest MLS in the state of North Carolina.
Fed Rate And House Values Going Up
Today starts the Fed’s 2-day meeting. Expect the Fed to increase rates by ¾ of one point on Wednesday afternoon July 27, 2022 at their 2pm press conference.
More Than 5,000 Active Listings On The Market In The Raleigh/Durham Area
For the first time in two years, there are more than 5,000 active listings on the market in the Raleigh/Durham area
My Friend Charles Johnson, Former NFL Wide Receiver
Charles Johnson Tribute from Brian Pate Please bear with me for this one as I leave the real estate discussion to discuss something on a personal note. On Sunday night, July 17, 2022, I received a call that would change my life. The call was from Pat Kennedy, the...
Harmful Effects of Changing the List Price
Are there any negative effects from changing the listing price of a property? This question haunts Brokers/Agents as well as sellers of property every day.
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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