BAR - Re A L Solutions. Re A L Support. Re A L Success.

This year BAR had 24 members achieving emeritus status. Over the next 6 weeks the newsletter will be featuring a video series of our emeritus members. The videos will focus on how they built a lifetime of career success with over 4 decades in the business!
The Time is Now to Apply for a BAR Committee. As a reminder, committee members must reapply each year and all members are encouraged to leverage their association through service. Click Here To Apply For A 2019 Committee.
Learn from those who thrived in the industry for over 40 years!
This week: Tommy Brigham of ARC Realty
Americans Are Ready To Sell Their Homes

NAR just released its latest research and a whopping 77% of homeowners believe now is a good time to sell. NAR’s third quarter Housing Opportunities and Market Experience (HOME) survey also found that a majority of consumers believe prices have and will continue to rise, while the quality of schools is a critical factor in deciding whether or not to buy a home.
Jefferson County Ranked in the Top 20 For Best Places to Buy vs. Rent in Alabama

According to a recent study by financial technology company, Smart Assets, it is much cheaper to buy in Jefferson County than to rent. Jefferson County ranked 20th on the list with an average home price of $226,190, an average monthly mortgage payment of $874, and an average monthly rent of $1,273.

Mortgage Rates Soar to a 7-Year High along with Consumer Confidence at an 18-year High.

What does that mean for you? Freddie Mac economist, Sam Khater, predicts that consumers will simply deal with higher rates. The Consumer Confidence index, along with steady job gains and easing inventory constraints should bolster the housing market over the last quarter of the year.

Brokers' Bottom Line Continues to Slip-
Return on Revenue is net income (after adjustments) divided by gross revenue.
Monday Rewind

Last week we had the pleasure of unveiling the "ONE CITY" mural designed by the 2018 Leadership Academy graduates. The event was filled with raffle prizes and giveaways and was filmed by CBS news.
Venture Capitalist Invests Another 400 Million in Opendoor

The new brokerage model, Opendoor, announced last Thursday, that SoftBank's Vision Fund, had added another $400 million to the company's $325 million in capital. In three months, Opendoor has doubled its available cash. According to CNBC, " Opendoor only buys homes built in 1960 or later, worth $175,000 to $500,000, and not in need of major renovations or repairs. Operating in more than a dozen cities, mostly in the South, it bought $316 million of homes in August, up from around $100 million in January." Opendoor employs 100 licensed agents available for consult if the client requests it. Their model eliminates the role of the REALTOR. It remains to be seen what percentage of the listing market will gained by Opendoor.

October is Strategic Planning Month at BAR. Your Input is Valued and Wanted.

To have your thoughts brought into the strategic planning process click here....
This Week's Happenings
Ready to Golf?

Thursday October 4th
8:00am Shotgun Start
Pinetree Country Club

Friday October 12th at Railroad Park from 5:30-10pm, the BAR will be hosting two movies- a 20 minute indy film about fair housing in Birmingham followed by the Disney movie, "A Wrinkle in Time". Food Trucks, Moonwalk and Family Fun! The entire community is invited, just bring a blanket, BAR sponsors are providing popcorn and Coca-Cola. No registration required.

Broker Breakfast Nov 9
8:00-11:00am- Register...
October 4 & 5, 2018
Post Licensing Course
At BAR, Begins at 8:30am
Did you know that REALTOR University is now accredited in Alabama. Learn More at
Special Thanks to Our
Executive Affiliate Partner

Thanks for your support!
Kim Mangham-Barelare
2018 BAR President


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BIRMINGHAMREALTORS.COM | 3501 Independence Drive, Birmingham, AL 35209 | 205.871.1911 | Email Us