RCUSA Insider Summer Recap

RCUSA IN S IDER SUMMER RECAP

WE MAKE LIFE

2ND Quarter Company Meeting

Training at RCUSA

Long Island Market Report

President’s Message

By John Fitzgerald, Broker & Owner

“The noise is deafening”

There are so many opinions written, so many predictions: prices are going up, prices are going down, rates are up, inflation, recession, everyday a new political agenda. I call it noise, and it's all drowning out the facts. The truth is, only you, as a local agent, can filter out the noise and give consumers the facts about their market. Your customers and clients need you to bring clarity and understanding to all the chatter they are subject to – they want to hear from you, they need you. You are the expert, and they are in need of all your knowledge. Start reaching out to all your contacts, let them know you have the information needed to drown out the noise and help them make intelligent decisions about buying or selling a home. This market is your time to shine!

WELCOME HOME Vincent Kline Linda Manganaro, Belzak & Bodkin Patricia Moreno Morales, EXP Realty Jennifer Basile, Keller Williams Points North Maricel Bayona, Seal The Deal Real Estate Nicole Rosenberg, Joined Team Perrone Tania Cortave, East End Properties Frank Sirianni Corey Ashe, Joined The Williamson Team *Nicolette Burchill James Gaenzle, Joined Team Perrone Deion Johns, Joined Homes By Jamie Jay *Doreen Couso, LI Community Realty Mayra De La Cruz, LI Community Realty Yukan (Ace) Wu, Joined The Moore Team Colleen Locascio Brianna Clemens, Joined Team Perrone Clifford Brice, Found It LLC Jose Calle, Joined Team Musso Melanie Santiseban, Exit Home Key Realty Elizabeth Zeines, Signature Premier Meredith Ostendorff Naomi Angelos *Christina Galicia Aidan Devlin, Signature Premier Deanna Emblidge, Joined Team Perrone Yudelka Paz, Century 21 KR Patrycja Polkowski, Century 21 KR LeighAnn Wulff, Joined Over South Team Sherly Casco Ayala, Manny Mena's Team Syeda Shah, Keller Williams Points North Justine Garvin *Catherine Jan James Gentile, Joined Homes By Jamie Jay Taralena Gerrato, EXP Realty Frank Mirando Nicholas Migliore, Forever Homes USA Traci Conforti, Forever Homes USA Joseph Cavaliere *Tracy Frey Karina Ruiz, Stubbin Real Estate Paola Meyer, Stubbin Real Estate Anthony DeLuca, Joined Over South Team Isabella DeNapoli, Joined Over South Team *Alvin Bray, NAI Long Island (*) Agents returned to RCUSA

RC

Q3

REPORT

LONG ISLAND

MICHAEL ARDOLINO | BROKER & OWNER

What Happened:

The 2022 Long Island Real Estate Market began just as we left off in 2021; interest rates just over 3%, open houses chockfull of buyers, multiple offer situations well over asking price, and still not enough inventory to stabilize the market. But over the last 9 months the tide has been shifting and factors have pointed to a new market.

Inventory is on its way! The number of available residential homes on the market has increased steadily for the past 9 months from 8,755 in December 2021 to 12,287 in August 2022, returning to marks set in October 2021 (also 12,287).

The sudden rise in Interest Rates has slowed buyer traffic with the number of homes placed into contract down 9.9% Since March 2022. As a result, we have seen a slow but steady increase in the Month’s Supply of Inventory.

Where Are We Now:

Economic conditions are starting to lean slightly on the real estate market. The country is experiencing rapid inflation with the Consumer Price Index (CPI) up 8.6% in May and 9.1% in June and 8.5% in July annually, the largest 12 month increases since 1981. As we evaluate Q2, Real GDP for the country was down for the second quarter in a row.

However real estate will lead us out of current economic conditions with a “Normal Market” on the way. 

What Does It All Mean:

Now is the time, more than ever, to show buyers and sellers the value you bring to a real estate transaction. This coming market isn’t anything real estate professionals have not seen before, but it will be a market the public is not used to. Educating sellers on the current economic conditions and positioning their house correctly in the market is essential along with developing a creative marketing strategy to set your listings apart.

Negotiating & problem-solving skills will come to the forefront to keep sellers netting what they want while keeping buyers from pricing out of homes. But with interest rates still climbing and not expected to stop, timing is everything. The best way to make money for sellers and save money for buyers is to sell and buy right now, and informing the public of that may be the most value you can provide in this market.

LISA SHERMAN Getting to the top is not easy, staying there for 23 years is absolutely amazing.

Lisa’s dedication to excellence in client service, has made her a household name in Dix hills and the surrounding communities.

When people think about buying or selling, they call Lisa Sherman to get the results they are looking for.

Congratulations, Lisa! You are a true professional.

2 ND QUARTER

COMPANY MEETING

Our Realty Connect USA family gathered to celebrate, learn, and reconnect at our second quarter company meeting! The transformative event included workshops and training led by our leadership team at Realty Connect USA and two panels led by top agents, ranging in expertise and specialties.

COULDN’T MAKE THE EVENT? SCAN THE QR CODE FOR A RECAP!

Don’t miss out on upcoming company meetings and events by following us on Instagram, Facebook, LinkedIn, and Twitter.

The Next Quarter Meeting is October 26th – Stay Tuned

@ REALTY CONNECT USA

OVER SOUTH TEAM Rising Star Sean Manning, recently joined forces with experienced top real estate agent, Cheryl Zeranti to form the Over South Team at Realty Connect USA. Sean Joined Realty Connect USA in February as a new agent and has since closed 13 deals and currently has 8 more pending!

Congratulations to Sean & The Over South Team!

PHIL OKUN EXECUTIVE V.P OF RC COMMERCIAL

REAL ESTATE

INVESTING

TRAINING AT REALTY CONNECT USA Agents attended our “Real Estate Investing” class with John Fitzgerald to learn about Flipping, Renting and Building Long-Term Wealth. Training classes are not only a great chance to learn more about the industry, but an opportunity to collaborate and share ideas with your peers.

Peggy Nenos shared her own experience with investment properties she purchased in Windom, NY. “I am getting $10,000 every 6 weeks on Airbnb,” she said. “It has changed my life.”

Peggy uses a property management company to maintain and oversee the properties she lists on Airbnb, VRBO and other similar sites. She gave the entire class tips on what to look for when purchasing potential Airbnb properties, including the importance of location, views and amenities.

Scan the QR code to reserve your spot in similar training classes!

NEW HUNTINGTON LOCATION

RC Commercial Partners is pleased to congratulate Rob Epstein and Adrianne Faranda on the sale of 227 Northern Blvd., Great Neck!  Ron & Adrianne represented the sellers and sold the property for 5.62 Million! The transaction will allow the purchaser, Wego Chemicals to bring an additional 23 Jobs to the Great Neck Area.

STAY TUNED FOR MORE UPDATES

@REALTY_CONNECTUSA

REALTY CONNECT USA RANKS AS A TOP BROKERAGE NATIONWIDE

Realty Connect USA is proud to be recognized by Real Trends, RisMedia and Swanepole as a top brokerage in the nation! This is because of all of you!

SUE FORD, V.P OF GROWTH & DEVELOPMENT

Realty Connect USA Agents ALWAYS RAISE the BAR and continue to get the highest compliments from Agents in our industry.

YOU ARE the reason everyone is joining the RCUSA family. The Collaboration and culture here is unmatched.

You are the reason RCUSA is in the TOP 1% of Brokerages Nationally! What an ACCOMPLISHMENT, Congratulations and Keep on Sparkling!

-sue Ford

CONGRATULATIONS TO THE 2023 LIBOR DUES WINNERS! Juan Valdiviezo, Bob Barrett & Jane Argiro’s 2023 LIBOR Dues Have Been Paid By Realty Connect USA For Winning the raffle at The 2nd Quarter Company Meeting! Remember Your 2023 LIBOR Dues are due by September 30th & be sure to attend upcoming events for more fun giveaways!

Check Out Realty Connect USA’s 17th Office Located At: 204 Montauk Hwy, Westhampton Beach