Look up the legal meaning of the term “real estate,” and you will find a fairly cut-and-dried, literal definition. Real estate is defined as property and the buildings on it, along with the land’s resources, such as mineral rights or agricultural crops. Real estate is also called realty and real property.
For many people, however, the term “real estate” carries a deeper emotional resonance. Whether you are a first-time home buyer navigating your first FHA loan or a seasoned veteran with multiple home purchases and sales to your credit, real estate means a place to call home.
Home Real Estate: USA Market Showing Signs of Recovery
There’s no doubt that the prolonged slump in the housing market has made the dream of home ownership more difficult for many. However, recent small yet significant gains indicate that the long-awaited realestate recovery is finally underway. During the month of May 2013, existing home sales rose .6 percent, to what experts believe is the highest point since November 2009.
Mortgage rates increased in May as well, with the average rate on a 30-year fixed loan climbing from a low point of 3.35 at the beginning of the month to a 14-month high of almost 4 percent. Many realestate experts believe that a rise in borrowing rates actually helps spur home real estate sales, with buyers opting to purchase houses before rates go higher.
With the US real estate market showing recent strength, establishing a relationship with a skilled realtor is more important than ever. At Realty Executives International, we are committed to offering our clients unequaled service and support. With over 500 franchise offices, thousands of expert real estate agents and 50 years of integrity and quality to our credit, we are confident in our ability to bring you the best possible value.
Among the realestate services we offer are pre-approval and refinancing options, a relocation services group, homeowner alerts advising you of new listings and free home value analyses. Our online real estate listings showcase homes in a variety of highly desirable locations, including Scottsdale, AZ, St. Petersburg, FL, Rockford, MD, and the Millennium Centre in downtown Chicago.
Realty Executives International: A Home Real Estate Revolution
Realty Executives International was founded by Dale Rector, a Scottdale realtor who decided in 1965 to challenge the status quo of realty companies. In a departure from the approach of conventional real estate businesses, which placed their agents on the bottom tier of the power structure, Rector’s design was to recruit a corps of top-performing realtors, then build a company to support and promote them. These elite professionals were envisioned as “executives” rather than “agents” or “brokers.”
Testament to the idea’s resounding success is the fact that within seven years Realty Executives International was the top-selling real estate business in Phoenix. Company leadership stayed in the family when Rector’s son, Richard A. Rector, took over for his father as President of the Board in 1984. A few years later, the first international real estate franchises were offered for sale.
Today, with real estate offices in 25 countries and annual sales of over $6 billion, Realty Executives International remains dedicated to the tradition of excellence on which the company was founded. We are ready and waiting to serve you. Check our online real estate listings to see what we have to offer. With our unbeatable inventory, we are sure we have the dream home for you and your family.