The Oceania Times

Top Menu

  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

Main Menu

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

logo

The Oceania Times

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • Asian shares fall as investors brace for inflation report

  • A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

  • Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

  • The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

  • South Korean won, Philippines peso lead losses among subdued Asian currencies

Brokers
Home›Brokers›Broker Confidence Ticked Up in May — RISMedia

Broker Confidence Ticked Up in May — RISMedia

By Megan
June 3, 2022
11
0
Share:

Residential real estate brokers are feeling better about the state of their industry, albeit only a little bit. This was the key takeaway from RISMedia’s Broker Confidence Index (BCI) survey in May.

The monthly survey polls more than 3,000 of the nation’s top brokers to gauge their overall confidence in their respective markets. After a 50-basis point drop from March to April (7.5 to 7.0), the BCI score trended back upward to 7.2 in May. Scores can range from 0-10, so even with some recent monthly volatility, confidence has remained relatively high.

This should be welcome news to real estate professionals who have reasonable angst about some of the very real headwinds facing real estate that include higher interest rates, rising inflation that’s amplified by fuel prices, a gross lack of housing inventory and international turmoil. Still, the BCI score does reflect macro-level anxiety, as it has fallen 100 basis points since the study launched in December of last year. That said, the BCI shows that the mood has lightened some since April.

“[ The ] Trends are good,” remarked Ron Sweeney, managing partner at Coldwell Banker Heritage REALTORS® in Dayton, Ohio. “Inventory has increased allowing more buyers to enter the market that have been patiently waiting.”

Several other respondents also suggested that their businesses have remained healthy and that they are riding a spring market wave of success. This potentially transitory success is likely responsible for the small uptick in confidence, especially as economic concerns continue to mount.

Given these concerns, RISMedia wanted to explore the implications of a cooling market after months of frenzy. We asked brokers if their agents were prepared for a frostier market. Less than half (40%) of respondents said their agents are “very” prepared to weather whatever storm may lie ahead. More than half (55%) of respondents said their agents are “somewhat” prepared. Only 5% of brokers expressed a pessimistic “not at all” outlook.

Across the board, whether or not brokers stated they were confident in their agents, most attributed communication, education and experience as the determining factors of what will impact their success in new market conditions.

Broker/Owner Jim Fite of CENTURY 21® Judge Fite Company in Dallas, Texas emphasized why his agents and brokerage will be ready for whatever comes next. “Train, train, train. Being an 85-year-young company we have a lot of people with a lot of experience in slowing markets.”

Another broker who wished to remain anonymous shared a similar point of view and offered advice to those who may be concerned about their agents’ readiness. “We are actively coaching our agents on how to prepare for deceleration in the market. Focus on listings, save more commission income and prepare effective marketing.”

Source link

Previous Article

Metaverse Index And ETFs: The Latest Financial ...

Next Article

EU’s Russian ships insurance ban to distort ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Megan

Related articles More from author

  • Brokers

    Broker Spotlight: Nick Van Assche, Sea Glass Properties

    June 16, 2022
    By Megan
  • Brokers

    KeyCorp Brokers Boost Earnings Estimates for Essex Property Trust, Inc. (NYSE:ESS)

    July 1, 2022
    By Megan
  • Brokers

    Coinbase Derivatives Exchange to Make Nano Bitcoin Futures Available Through Leading Brokers

    June 27, 2022
    By Megan
  • Brokers

    Stock brokers to report cyber attacks within 6 hours of detecting them: Sebi

    June 30, 2022
    By Megan
  • Brokers

    Brokers Offer Predictions for Wheaton Precious Metals Corp.’s Q3 2022 Earnings (NYSE:WPM)

    July 21, 2022
    By Megan
  • Brokers

    The Top Residential Brokers on the Upper East Side

    May 18, 2022
    By Megan

Leave a reply Cancel reply

You may interested

  • Currencies

    WATCH: U.S. backed digital currency could live alongside certain cryptocurrencies

  • Investment

    Renault to invest $377 million in Brazil

  • Investment

    Peapack-Gladstone Financial (NASDAQ:PGC) Downgraded by Zacks Investment Research to Hold

  • LATEST REVIEWS

  • TOP REVIEWS

Timeline

  • August 10, 2022

    Asian shares fall as investors brace for inflation report

  • August 10, 2022

    A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

  • August 10, 2022

    Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

  • August 10, 2022

    The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

  • August 10, 2022

    South Korean won, Philippines peso lead losses among subdued Asian currencies

Best Reviews

Latest News

Stock Shares

Asian shares fall as investors brace for inflation report

People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. REUTERS/Lam Yik Register now for FREE unlimited access ...
  • A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

    By Megan
    August 10, 2022
  • Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

    By Megan
    August 10, 2022
  • The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

    By Megan
    August 10, 2022
  • South Korean won, Philippines peso lead losses among subdued Asian currencies

    By Megan
    August 10, 2022
  • Recent

  • Popular

  • Comments

  • Asian shares fall as investors brace for inflation report

    By Megan
    August 10, 2022
  • A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

    By Megan
    August 10, 2022
  • Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

    By Megan
    August 10, 2022
  • The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

    By Megan
    August 10, 2022
  • Asian shares fall as investors brace for inflation report

    By Megan
    August 10, 2022
  • Australian economy survived Covid better than most but recovery could slow, OECD says | Australian ...

    By Megan
    September 14, 2021
  • The Best Online Brokers, According to 5 Financial Experts

    By Megan
    September 14, 2021
  • Is Disaster Looming for Australia’s Economy?

    By Megan
    September 29, 2021

Trending News

  • Stock Shares

    Asian shares fall as investors brace for inflation report

    People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. REUTERS/Lam Yik Register now for FREE unlimited access ...
  • Gold and Precious Metals

    A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

    A-Mark Precious Metals (NASDAQ:AMRK – Get Rating) and Maison Luxe (OTCMKTS:MASN – Get Rating) are both small-cap consumer discretionary companies, but which is the superior business? We will compare the ...
  • Stock Shares

    Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

    Asian markets started on a negative note following a retreat in Wall Street. This was mostly due to the caution ahead of US inflation data that will shape nvestor expectations ...
  • Australian Economy

    The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

    How Reserve Bank boss getting LAUGHED at on the world stage will radically change Australia’s economy The Australian Bureau of Statistics is trialing a new monthly inflation data series Reserve ...
  • Currencies

    South Korean won, Philippines peso lead losses among subdued Asian currencies

    BENGALURU (Aug 10): Most Asian currencies were subdued on Wednesday, while most stock markets in the region fell, tracking losses on Wall Street, as investors awaited US inflation data later ...
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© Copyright The Oceania Times. All rights reserved.

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.