Ruhl&Ruhl Realtors Celebrates Best Year Ever in 2018
Ruhl&Ruhl Realtors celebrated a strong 2018, with company sales volume of $917,973,157, making 2018 their best year ever. In addition, Ruhl Mortgage closed $124,917,165 in loan volume and NAI Ruhl Commercial Company closed $127,548,404 in sales volume.
Chris Beason, President, and Caroline Ruhl, CEO, honored 234 award winners for their 2018 achievements at Rhythm City Casino on January 25, 2019. Over 300 agents, staff and affiliated business partners cheered on their co-workers.
“We are absolutely blessed to work with the best team in the industry. Our amazing team of knowledgeable, caring, and committed professionals is what sets our company apart. Before we get into the awards and recognizing all that you’ve done, I would first like to thank you for who you are - and share our appreciation for the value you all bring to our team. You all inspire us lead from a place of passion and we appreciate the commitment you make everyday - to better yourself, your business, and one another. It is an honor to call you all family and we are grateful your love and support.” Beason told his team.
Clinton Office Award Winners
Top Office awards in the Clinton Office were presented to:
There is a complete list of all award winners on Ruhl&Ruhl Realtors’ website at www.RuhlHomes.com/News.
Ruhl&Ruhl Realtors 2018 Results
Ruhl shared with her team the company’s results in 2018:
- Kris Whalen received the Top Lister Award and Top Sales Award.
- Hannah Peart was honored with the Excellence in Service Award, for receiving the highest client service rating in the Clinton office and received the Top AHS Home Warranty Award.
- Liz Nash received the Top Referral Associate Award and Top Community Service Award.
- Sandy Howard received the Top Ruhl Mortgage Award.
- Danielle Miller received the New Associate of the Year Award.
- The Clinton Office was honored with the Excellence in Service Top Overall Office Award, for receiving the highest client service rating in the company.
- Number of Properties Sold – Ruhl&Ruhl Realtors sold 5,429 properties in 2018, as either listing agent or selling agent. This was 2% more transactions than 2017.
- Residential Sales Volume – Ruhl’s sales volume in 2018 was $917,973,157, up 3.7% from 2017’s sales volume.
- Revenue – Revenue in a real estate company is primarily gross commission income (GCI). Ruhl’s 2018 GCI was $27,235,889 or 4.0% up from 2017 revenue.
- New Listings Taken – Ruhl&Ruhl Realtors listed 3,127 properties for sale in 2018. 1.8% more than 2017.
- Nationally Ranked Per Agent Productivity –On average our agents closed 16.7 transactions in 2018. This is more than double the national average for per agent productivity.
- Great Agents and Staff – We ended 2018 with 325 residential agents. In addition, 65 employees work for Ruhl&Ruhl Realtors.
Regional Real Estate Forecast for 2019
- Ruhl Mortgage – Ruhl Mortgage closed $124,917,165 in loan volume, which was generated by 727 loans. 93.55% were purchase loans and 6.45% were refinances. Ruhl Mortgage employs 24 staff members.
- Commercial Sales Volume – NAI Ruhl Commercial Company, a joint venture with Ruhl&Ruhl Realtors, sold $127,548,404 in commercial real estate in 2018. They have 18 commercial agents and 15 staff members. NAI Ruhl Property Management manages just under 1.8 million square feet of space.
The national media’s doom and gloom reports of falling home sales and prices do not apply here. We do not have the affordability problems of coastal markets and big metro areas. And our regional economy is booming.
- Buyer Confidence and a Strong Economy Will Drive the Market. Low unemployment, high consumer confidence, and an increasing desire for homeownership will continue to fuel our region’s home sales.
- Appreciation and Price Increases Will Continue. In our region, homes appreciated from 2.0% - 4.72% last year, depending on the market and price range of the homes. Less expensive homes will continue to appreciate more due to strong demand and lower inventory.
As of January 24, 2019 mortgage rates with no points were:
15-year Conventional Fixed...........4.00%
30-year Conventional Fixed...........4.50%
FHA/VA 30-year Fixed...................4.50%
5/1 ARM (adjustable rate mortgage).........4.00%
The higher a buyer’s credit score, the lower the mortgage rate they are eligible for.
- Mortgage Rates Trending Upwards. Mortgage rates in mid-January are at their lowest levels since last April. Economists agree that rates will rise, but are divided on just how much the increase will be. On average, they forecast 5.03% by the end of the year, with a few outliers at 5.5%.
We expect buyers to have more homes to choose from this year. There continues to be a supply and demand disconnect. More buyers for homes under $250,000, but more homes available over $300,000.
- More Inventory Available for Buyers. Our months of inventory is up in most markets and price ranges. The inventory increase will continue to be skewed toward the mid to high end of the markets, i.e. homes prices at $250,000 and higher.