Predicting the Real Estate Market in 2019

2018 was a fickle year in Real Estate. The year started with sky-high home prices, historically low mortgage rates and a definitive upper hand for sellers. In recent months though, home price growth has wavered, rates have risen to their highest point in nearly eight years, and favor has started to shift from seller to buyer. 2019 predictions are showing that we are moving from an incredibly hot real estate market to a more normalized one. Housing inventory looks to rise back up to 2017 levels, and price growth, while likely still positive, will be the lowest we’ve seen since 2014 or possibly even 2011.

Investors and house-flippers will back away from the cooling market and sellers will have to adjust their price expectations as buyers grapple with rising mortgage rates and already-high home prices. A still-growing economy and increased access to credit will support more home buyer demand, but higher interest rates will make home-buying more expensive, so it’s hard to say whether home sales will stay down or rebound next year.

In 2019, homebuyers will enjoy more inventory and less competition from speculators and house-flippers, which will lead to more people enjoying the benefits of homeownership. It will cost more to borrow, but more people will have access to credit for home-buying. This will motivate lenders to expand their customer base to low-income borrowers and first-time homebuyers. But of course, lenders will charge more for these loans–both to cover the risk of lending to borrowers with less-than-perfect credit and to cover their own costs of borrowing.

Homebuilders will be more cautious about building during a cooling market and focus on building starter homes that are easier to sell than luxury homes. Fewer homes will be built, but more builders will focus on starter homes. Higher labor costs will limit the number of homes built, but, higher wages will increase the demand for starter-homes among working-class Americans. Rates (perhaps three times) in 2019 will increase and push the average 30-year fixed mortgage rate up to about 5.5 percent by the end of the new year.

All in all, housing is set for a slow-down next year, but that’s not necessarily a bad thing.

The medium and long-term prospects for housing are good because demographics are going to continue to support demand. With a slower price appreciation, incomes have an opportunity to catch up. With slower sales, inventory has an opportunity to normalize. A slowdown in 2019 creates a healthier housing market going forward.

https://www.redfin.com/blog/2018/12/redfins-2019-housing-market-predictions.html


ONLINE STATE-APPROVED REAL ESTATE CONTINUING EDUCATION

Tick Tock: Nebraska Real Estate Agents & Brokers License Renewal

Nebraska Realtors and Brokers with a license beginning with an even number are required to complete 18 hours of continuing education which must include 12 hours of designated subject matter.  The deadline is November 30th, 2018. Real Estate Training Institute has everything you need to meet Nebraska's continuing education requirements.

We provide: Nebraska approved continuing education that meets all of your requirements.

You can complete your continuing education anywhere, anytime with a smartphone, tablet or computer that is connected to the internet. These courses also allow you to print a certificate immediately upon completion.

License renewal costs:

Salesperson Renewal Fee (2 years) - $230
Broker Renewal Fee (2 Year) - $290

We've taken the liberty of answering a few of your questions below.

How much real estate continuing education is required?

Nebraska licensees are required to complete 18 hours of continuing education each two-year cycle. Of that 18 hours, 12 hours must be in designated subject areas. Courses that are approved for designated subject areas contain an “R” in the approval number.

If I am unable to complete my Nebraska real estate continuing education by the expiration date, can I still renew?

Yes, licensees may renew their license after the expiration date. Continuing education must be completed before a license may be renewed. There is a late fee of $25 per month that the license is expired. Licensees must renew their license prior to June 30 or they will be required to re-take and pass the exam. Continuing education requirements must be met before the licensee will be approved by the NREC to take the exam.

How Do I Renew My Nebraska Real Estate License?

You can complete your renewal form by following the link listed here: Submit Renewal Form Online

 


ONLINE STATE-APPROVED REAL ESTATE CONTINUING EDUCATION

Avoid Common Mistakes When Renewing Your License

Real estate professionals are required to renew their license at the end of their state’s renewal cycle. Here are a few common renewal issues to avoid:

  1. Understand the difference between code and core.  Code of Ethics (COE) is a class NAR requires all REALTORS to take once every two-year cycle. It’s not required for a state license but it is a requirement to keep your REALTOR membership. Core is continued education implemented by a state and is a requirement to renew on the state level, separate from NAR membership.
  2. Make sure you complete the appropriate number of CE credits. E.g., Idaho Real Estate Commission requires 12 CE credits per renewal cycle, in addition to the 2 CE credits required for core. If a licensee is not sure how many CE credits they should take for their state, they can look up the continuing education requirements at Real Estate Training Institute. Real Estate Training Institute offers online CE classes in HD video or fully narrated, with printable text.
  3. Don't forget your post-license requirements. Many real estate professionals miss their post-license education requirements and jump right into their continuing education. The state will not allow you to renew your license if you haven't completed the state required post-license courses.

Real Estate professionals must be aware of the renewal cycle they’re on and how many CE credits to take.  It’s important to not wait until the last minute to renew your license. Visit Real Estate Training Institute and get your CE credits done quick and easy.


ONLINE STATE-APPROVED REAL ESTATE CONTINUING EDUCATION