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August 15.2025
3 Minutes Read

Howard Hanna Beverly-Hanks: A New Era in Carolina Real Estate

Howard Hanna Beverly-Hanks Real Estate logo on teal background.

A Bold Shift in Real Estate: Howard Hanna Beverly-Hanks Emerges

In a significant transformation for the real estate landscape in Western North Carolina, Allen Tate/Beverly-Hanks Realtors is now rebranded as Howard Hanna Beverly-Hanks Real Estate. This development signals not just a fresh name but a renewed commitment to a robust set of values and an enhanced array of services for buyers and sellers alike. By combining forces with Howard Hanna Real Estate, one of the largest independent family-owned real estate companies in the United States, this rebranding reflects the company's aspirations to merge local strengths with national resources.

Unity in Tradition: Celebrating Legacy While Embracing Change

Founded in 1976, Allen Tate has deep roots in the Carolinas, while Beverly-Hanks has been a trusted name for nearly five decades. This rebranding honors the rich traditions established by both companies, as they come together under the banner of Howard Hanna. Neal Hanks, the president of the new entity, emphasized that while the visual aspects of the brand may have changed, the core commitment to local communities and traditions remains utmost in importance. “We’re honoring the 68-year legacy of Allen Tate, and the 49-year legacy of Beverly-Hanks,” he noted, indicating that the new brand aims to respect the past while also stepping into a promising future.

Leveraging National Strengths for Local Benefits

Howard Hanna Real Estate boasts an extensive network with more than 15,000 real estate agents and 500 offices across 13 states. In 2024, the company handled transaction sides exceeding 102,907, totaling over $37 billion in closed sales. This scale provides a unique advantage to the newly rebranded agency, allowing local real estate professionals to harness world-class resources, innovative programs, and cutting-edge technology. Gary Scott, president of Howard Hanna Allen Tate Real Estate, stated, "It’s more than a refreshed look—it’s a bold step into the future,” showcasing a commitment to not just adapting but thriving in a changing market.

Innovative Programs That Enhance Client Experience

Central to this evolution are the innovative programs that Howard Hanna brings to its new venture. Initiatives like Buy Before You Sell, Find It First, and a 100% Money Back Guarantee promise to simplify and enhance the real estate experience for clients at every stage of homeownership. These services are tailored to meet the challenges of today’s market, proving beneficial for both seasoned homebuyers and first-time purchasers.

Community Focus as a Driving Force

Beyond home sales, Howard Hanna Beverly-Hanks's commitment to community service is set to deepen, with plans to amplify charitable initiatives, especially in Western North Carolina. The introduction of the Howard Hanna Children’s Free Care Fund, which aims to ensure no child is turned away for healthcare due to financial constraints, exemplifies the firm’s broader social responsibility. In recognition of this rebranding, the company has already donated $10,000 to Levine Children’s Hospital in Charlotte and another $10,000 to Duke Children’s Hospital in Durham. Such philanthropic actions reaffirm the belief that thriving businesses must also uplift their communities.

Visual Identity Transition: What to Expect

The rebranding will also see a new visual identity, which includes a striking emerald green and harvest gold color palette. Yard signs and company buildings will begin showcasing the new logo starting in late August and continuing through the fall. Such changes reflect not only a physical transformation but also a psychological renaming that aims to instill confidence among clients in both existing and new markets.

Conclusion: Moving Forward Together

As Howard Hanna Beverly-Hanks Real Estate moves forward, the legacy of both Allen Tate and Beverly-Hanks will continue to inspire their operations. Clients willing to engage with Howard Hanna may find themselves benefiting from a wealth of heritage coupled with the innovation of one of the largest family-owned real estate companies in America.

In conclusion, embracing this rebranding is not merely about a new name; it's about leveraging collective strengths and a shared vision for the future of real estate in the Carolinas. For those looking to buy, sell, or simply learn more about the current real estate landscape, this fresh partnership serves as a significant development worth watching closely.

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11.17.2025

A New Dawn: NAR’s 2026-2028 Strategic Plan Introduced

Update A New Era for NAR: Responding to Member Needs The National Association of Realtors (NAR) is stepping into a transformative phase as it unveils an ambitious three-year strategic plan intended to modernize its operations and enhance member satisfaction. This decision comes on the heels of past controversies that prompted many members to express dissatisfaction with the organization's direction. Listening to Members: A Response to Criticism In a closed meeting held during the NAR NXT conference in Houston, the Executive Committee unanimously approved the new strategic framework. During this meeting, it was highlighted that less than half of NAR’s members felt satisfied with the support they received from the association. CEO Nykia Wright emphasized the importance of member feedback, stating, "Our goal is to make our members feel heard and valued. We recognize the need to revamp our approach to better serve the diverse needs of our members across the country." NAR is committing to improvements that include clearer data-sharing practices, enhanced transparency, and the elevation of ethical standards in the industry. Key Initiatives for Change The comprehensive plan includes 24 initiatives, with 75 associated projects slated for implementation starting January 1, 2026. While several of these initiatives reflect ongoing efforts, they signify an intensified commitment to evolving the NCC’s operations. For instance, NAR will implement a zero-based budgeting strategy, a rigorous approach requiring justification of all expenses, underscoring a thorough and responsible use of resources. Elevating Ethical Standards and Member Training Integral to the new strategy is a commitment to uphold higher ethical standards within the real estate community. NAR recognizes the pressing need to foster trust in an industry shaken by recent controversies. Enhancements to professional training programs and ethical training requirements are also key components of the strategy. Wright stated, "As we elevate the professionalism of our members, we also enhance the trust consumers place in the REALTOR® brand, which benefits everyone in the industry." This holistic approach signals a shift towards a more responsible and member-focused organization. Engaging with Stakeholders for Collaborative Solutions The NAR is also paving the way for deeper collaborations with brokers and real estate professionals, aiming to identify and address the pressing concerns of its membership, including lead generation and technology adaptation. As part of their initiative, NAR is planning to set up legal discussions across the country to clarify compliance issues and encourage dialogue among members on critical legal matters. Fostering a Community of Growth Engagement has been a central theme at the NAR NXT conference, and the organization is keen on enhancing connections within the real estate community. As Kevin Sears, the outgoing NAR president, remarked, "We are witnessing a level of engagement with the brokerage community that reflects our commitment to rebuilding trust and collaboration. This is a vital step towards a more robust and resilient NAR." The feedback from the conference attendees reflects a growing optimism about NAR's course of action amidst previously faced challenges. Looking Forward: A Transformative Journey As NAR moves forward with its strategic plan, it aims not only to navigate current challenges but also to set new standards for success in the real estate industry. The commitment shown at the NAR NXT conference demonstrates that the organization is not only listening to its member’s voices but actively seeking to implement changes that matter. As Wright stated, "This is just the beginning; we're embarking on the biggest transformation in real estate history, and it's all about our members. Their success is our success." With 2026 on the horizon, the future of NAR appears geared toward a member-centric approach, fostering innovation, accountability, and trust within the industry. Take Action! If you are a REALTOR®, now is the time to engage with NAR. Make sure to familiarize yourself with the new initiatives being rolled out and actively participate in feedback opportunities. Together, we can create a stronger, more transparent, and more effective National Association of Realtors.

11.17.2025

How Budget Speculation Is Driving Down UK Asking Prices in Real Estate

Update Budget Uncertainty and Its Impact on the UK Housing Market The UK housing market is currently grappling with a significant slowdown, largely spurred by uncertainty surrounding the upcoming Autumn Budget. According to Rightmove’s latest House Price Index, average new seller asking prices have plummeted by 1.8% this November, a decline significantly larger than the typical 1.1% fall observed over the past decade. This current dip represents the most considerable price drop for this particular month since 2012, with asking prices settling at an average of £364,833. Vendor Hesitation Amid Budget Speculation As the November Budget approaches, potential home sellers are becoming increasingly concerned about the implications for property taxes. With reports suggesting substantial changes are in store—including speculation of a mansion tax on properties above £2 million—sellers are adjusting their expectations and pricing strategies. Homes sold for £2 million or more have seen a whopping 13% decrease in sales year-on-year, while properties priced between £500,000 and £2 million have also felt the pinch, with sales down by 8%. Colleen Babcock, a property expert at Rightmove, observed that the surge in available housing is restricting price growth, as sellers are cautious not to overprice their homes compared to the competition. Many potential buyers are postponing decisions until they have clarity about how the Budget will impact their finances. The Broader Economic Context This market unease isn’t restricted to just property pricing; it echoes broader economic tensions. Recent surveys, including the RICS UK Residential Market Survey, showed a net balance of -24% in new buyer inquiries, reflecting widespread hesitance in decision-making across the board. The slowdown is palpable, with appraisal activity reaching its lowest level since 2021. The financial environment is also influencing tenant demand and landlord confidence, with projections indicating a further dip in mortgage lending growth in 2026 as households contend with tightening budgets and rising inflation. Many sectors, particularly those dealing with higher-value properties, are especially sensitive to these shifts in market stability. Current Market Performance: A Mixed Bag Despite the overall decline, the number of sales being agreed is still above levels seen in 2024. Properties priced under £500,000 are experiencing less pronounced effects from the current speculation and are seeing just a 4% drop in sales compared to a year ago. It seems that this segment of the market, often nicknamed the mass market, is more resilient due to less exposure to the financially-driven fears surrounding the impending budget. Experts argue that falling mortgage rates and increasing wages have improved buyer affordability. However, for the market to recover fully, there needs to be a clear direction on fiscal policies, particularly concerning property taxes. With calls for a Bank Rate cut in December, there’s a slim hope for an uptick in market activities as 2026 begins. What’s Next for Home Sellers and Buyers? Looking forward, the housing market may undergo significant changes contingent on the outcomes of the upcoming Budget announcement. Market participants, including estate agents and prospective buyers, find themselves in a holding pattern, awaiting critical fiscal revelations. The atmosphere is rife with uncertainty, which could either yield a significant market recovery if tax reforms instigate stability or deepen the current slowdown if the measures introduced are seen as punitive. Overall, the dynamic nature of the market demands careful navigation from both sellers and buyers, especially with the anticipated changes looming large. It’s crucial for all stakeholders to stay informed on budgetary developments, as these will undoubtedly shape the property landscape moving forward.

11.16.2025

Real Estate Boom Ahead: What to Expect After the Shutdown

Update Looking Ahead: The Real Estate Boom on the Horizon As we step into 2026, the U.S. real estate market is poised for a remarkable rebound, echoing the patterns seen after past government shutdowns. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), shares insights on the expected surge in home sales fueled by post-shutdown optimism. This anticipated 'boom' follows the recent 43-day government shutdown—a historical event that halted economic activity, only to spark renewed interest in the housing market upon its conclusion. Historic Precedents: Government Shutdowns and Market Recovery In late 2018, the longest government shutdown before the recent one led to a significant freeze in home sales. However, as Yun points out, once the government reopened, consumers rushed back into the market, resulting in a boom for home sales. Yun predicts a similar trajectory this time around, signaling an upturn for home buying in 2026. The NAR forecasts a 14% increase in total home sales compared to the previous year, along with a 4% rise in median home prices, a sentiment echoed by market analysts who observe a growing demand fueled by increasing mortgage applications. Jobs and Prices: The Competing Forces While many are hopeful, it’s essential to recognize the balance between job growth and mortgage rates. After the shutdown, delayed jobs data is expected to shift significantly, influencing both market sentiment and economic recovery. Yun projects that mortgage rates may settle at around 6% in 2026, offering an improved purchasing landscape for home buyers. However, these rates are tied to inflation metrics; currently hovering above the Federal Reserve's target, this ongoing inflation poses challenges. New Dynamics: First-time Buyers vs. Established Owners As we anticipate this market rebound, a significant divide emerges between new entrants and those already entrenched in the market. The NAR highlights a stark contrast of 'haves' and 'have-nots'—while seasoned buyers with established home equity capitalize on low rates and extra funds, first-time buyers grapple with affordability hurdles such as high rents and student debt, pushing their median age up to 40. Yun emphasizes the necessity of comprehensive financial education programs to equip potential new homeowners with the knowledge and resources for successful navigation of today’s challenging market. Market Movements: Understanding Seller Strategies For sellers, understanding market dynamics is key—mispricing can cripple opportunities. Yun notes that homes lingering on the market face increased price reductions—up to 13.8% for those listed over 120 days. This shift reminds us that while market optimism is valid, responsiveness to current conditions is crucial for success in 2026. Looking Forward: The Financial Landscape In conclusion, the outlook for 2026 suggests potential homeowners should remain optimistic. As Yun and others in the industry assess job gains and gradually declining mortgage rates, excitement builds for a reinvigorated real estate market. For those contemplating investment or purchasing decisions, understanding these trends is invaluable for navigating the road ahead. Stay informed about these developments as they unfold in 2026, impacting both the housing market and economic growth as a whole.

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