Kansas’ Millennial Market

If you’re looking to buy a home in your 20’s, look no further than Kansas. According to recent market research, Wichita is one of the top 10 cities where 20-29-year old’s have been taking out mortgages. In 2018 29.4% of mortgages were issued to buyers in their 20’s. Kansas has become a favored watering hole for 20 somethings. You may be wondering what makes Kansas so desirable for young millennials? Wichita has a strong local economy with reasonable home prices and a spotlight on local night life. There are plenty of things to do for the younger generation, from the Midwest Beerfest to the Autumn and Art festival. Wichita is also the home to large employers such as KOCH Industries and Cessna. A growing economy combined with a seller’s market has raised home values 78%. In a nut shell...Wichita is so popular because home buyers get a lot of house for the same price compared to bigger cities-- and cost of living is low.

While Millennials have been the biggest chunk of U.S. home buyers for a few years now, we’re about to see the younger half hit the housing market en masse. This group will decide where the next “hot” markets are. As a real estate professional trends are crucial in marketing your business, knowing what’s coming is a big benefit so now is the time to take your continuing education courses and renew your license. While fulfilling your requirements brush up on your social media presence with our Social Media Marketing course. The opportunity to make considerable money is just around the corner, so jump on over to our Kansas Real Estate Continuing Education page and learn something new!


With a booming housing market, real estate agents are in high demand. Make sure you stay up to date with state requirements so you can remain licensed.

Do you need Kansas real estate continuing education?

Salespersons and Brokers in Kansas are required to complete 12 hours of continuing education every two years. Salespeople must include a 3-hour Required Salesperson and Broker Core course; the remaining nine hours can be elective topics approved by KREC. Brokers must also complete a 3-hour Required Broker Core course. The remaining six hours may be filled with KREC approved elective courses.

Complete 12-hours of Salesperson or Broker approved online continuing education in HD video and narrated courses with Real Estate Training Institute!


SOCIAL MEDIA MARKETING FOR REAL ESTATE PROFESSIONALS

Learn the ins and outs of social media marketing from experts that work in both social media and real estate.  Use these tools and tricks to upgrade your personal and professional profiles, drive leads, and increase business.

$39.00Add to cart

Renewing Your Ohio Real Estate License

How do I renew my Ohio real estate license?

  1. Complete 30-Hours of approved continuing education
  2. Log in to the Ohio Department of Commerce Division of Real Estate eLicense Center
  3. Enter your license information and pay the appropriate fee

What is the fee for renewing my Ohio real estate license?

  • Salespersons: $135
  • Brokers: $180

How do I tell which continuing education requirements I have completed?

The certification number includes a letter that serves as a course-type designator

  • D – Core Law
  • G – Civil Rights
  • C – Canon of Ethics
  • E – Elective*
  • F – Computer Specific Elective*
  • B – Computer Basic Elective*
    *A licensee may only take a maximum of 15 hours of computer electives

How can I find my Ohio real estate continuing education due date?

Visit www.com.ohio.gov/real to look up your license requirements

Do my 10-hour post-education courses count towards my 30 hours of continuing education?

No, the state of Ohio requires you to complete the 10-hour pre-licensure course and 30 hours of continuing education.

I have extra continuing education credits; can I use them for the next renewal cycle?

You may roll over 10 hours. These hours will count for elective courses, they will not count towards the 9 core course hours.

Where can I find Ohio real estate continuing education?

Visit www.realestatetraininginstitute.com and choose from the selection of state-approved courses.

Who Submits Completed Continued Education?

Ohio Division of Real Estate requires that both the course sponsor and the licensee submit certificates of completion. Real Estate Training Institute reports course completions to the Division within two business days of completion. A course completion certificate will be available to print immediately upon completion of the course. It is the licensee's responsibility to submit all completed continuing education certificates to the Division when renewing their license.

 


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Hot Real Estate: Shopping Center Sold in Saint Paul

A multi-tenant shopping center in a growing area is now off the market, after being sold for $3.1 million.

Mid-America Real Estate corp. sold the Lexington Shoppes, 34,000 square feet of retail area. The shopping center is in the booming neighborhood of Saint Paul, which has seen increasing real estate interest in recent years.

The market is hot, and for good reason.

Saint Paul is 20 minutes outside of Minneapolis and a rising business star. According to the Greater Minneapolis-Saint Paul Regional Economic Development Partnership, the labor force has increased faster than the rest of the state and country. It’s also expected to keep growing by 5.2 percent over the next half-a-decade.

Saint Paul consistently ranks one of the best places to live, for factors including low housing costs and cost of living.

Saint Paul’s community is attractive to potential homeowners for its sports, recreation and art and attraction. The city ranks has a high density of artistic opportunities, and large numbers of theaters – only second, behind New York City.

The partnership’s website also highlights that the region is conducive to working moms and young college grads. Income opportunities and affordable housing make it an attractive place for people to settle down, both young and old.

Price-per-square-foot in homes on the market increased from last year and closed-sales went up too.

Saint Paul is definitely a city to keep your eye on.

For more data, visit http://maar.stats.10kresearch.com/docs/lmu/x/SaintPaul?src=page

 


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Kansas Real Estate Sales Down, Home Prices Remain Strong

Overall real estate sales have decreased and prices remain stable in 2019, according to new data from the Kansas Association of Realtors.

Home Sales

The most recently available statistics from January show that home sales in the sunflower state are down 8.2 percent compared to January 2018. These numbers mirror national trend: American home sales across the board are down 8.5 percent over 2018.

Home Prices

The good news: Kansas home prices are stable and in some cases, increasing. The average sale price in January was $200,772. Home prices are generally increasing across the Midwest and country.

Listings

The number of active listings is also increasing. There were 9,828 Kansas listings in January, up 2.3 percent from the same time last year.

Days on the Market

The number of days on the market is growing smaller. The average Kansas home was up for sale 66 days, a decrease compared to last year.

Mortgage Rates

Rates have been dipping even lower recently, according to FreddieMac.com.

  • On average, the commitment rate on a 30-year conventional mortgage was 4.41 percent across the country, as of March 6, 2019.
  • That percentage is 3.83 percent on 15-year FRM rates
  • Finally, 5/1-year ARM mortgages have a 3.87 percent commitment rate.

FreddieMac.com says that in late 2018, mortgage rates rose over a full percentage point compared to 2017, which is what caused a delay in home sales in the first few weeks of the new year.

 


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