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Orlando among the top of ‘likely to move’ list

Orlando among the top of ‘likely to move’ list

IRVINE, Calif. – Aug. 16, 2018 – ATTOM Data Solutions’ Q2 2018 Pre-Mover Housing Index finds that Chicago, Washington, D.C., OrlandoTampa-St. Petersburg and Atlanta posted the highest pre-mover index in the second quarter of 2018 in the larger-metro category. ATTOM says a high score is “predictive of a high percentage of homeowners moving in the third quarter.”

ATTOM’s quarterly report looks at 36 metropolitan statistical areas (MSAs) with at least 500,000 single-family homes and condos using data collected from purchase loan applications on residential real estate transactions.

The Pre-Mover Housing Index is based on the ratio of homes with a “pre-mover” indicator compared to total single-family homes and condos in a given geography, indexed off the national average. An index above 100 is above the national average and indicates an above-average ratio of homes that will likely be sold in the next 90 days in a given market.

Among a broader set of 131 metro areas with at least 100,000 single family homes and condos, those posting the highest pre-mover index in Q2 2018 were Wilmington, N.C. (206); Colorado Springs, Colo. (178); and Manchester-Nashua, N.H. (172); followed by Chicago (168) and Washington, D.C. (166).

“A higher pre-mover index bodes well for local real estate agents, home improvement stores, moving companies and others that benefit from the halo effect of a home sale,” said Daren Blomquist, senior vice president at ATTOM Data Solutions.

“Meanwhile markets with a low pre-mover index likely have a scarcity of inventory available to buy or relatively weak demand from prospective buyers – or some combination of both – which is not optimal for businesses that rely on the home sale halo effect,” Blomquist adds.

ATTOM has a pre-mover heat map on its website that displays the likelihood of home sales by city.

States with the highest pre-mover index in the second quarter of 2018 – predictive of a high percentage of homeowners moving in the third quarter – were North Dakota (275), Illinois (193), Nevada (164), Virginia (163), and Colorado (147). Other states with a pre-mover index among the 10 highest in Q2 2018 were New Jersey (133), Florida (133), Delaware (130), Maryland (127), and Utah (124).

Florida cities ranked by pre-mover index ranking

  • Orlando-Kissimmee: 136
  • Jacksonville: 136
  • Tampa-St. Petersburg-Clearwater: 133
  • Lakeland-Winter Haven: 126
  • Ocala: 109
  • Port St. Lucie: 100
  • Palm Bay-Melbourne-Titusville: 95
  • Cape Coral-Fort Myers: 91
  • Deltona-Dayton Beach-Ormond Beach: 90
  • Bradenton-Sarasota-Venice: 87
  • Miami-Fort Lauderdale-Miami Beach: 85
  • Pensacola-Ferry Pass-Brent: 65
  • Fort Walton Beach-Crestview-Destin: 58
  • Naples-Marco Island: 53

© 2018 Florida Realtors®

eXp World Holdings Reports Record Second Quarter 2018 Results

eXp World Holdings Reports Record Second Quarter 2018 Results

Revenue Accelerates to $130.5 Million, 235% Year-over-year Increase

BELLINGHAM, WASH. — Aug. 13, 2018 — eXp World Holdings (NASDAQ: EXPI), the holding company for eXp Realty, the largest residential real estate brokerage by geography in North America, today announced financial results for the second quarter ended June 30, 2018.

“We received a number of industry honors this quarter due to our amazing agents as they continue to deliver top production numbers, including this quarter’s record transaction and volume levels,” said eXp World Holdings CEO, Chairman and Founder Glenn Sanford. “We are proud to be on this journey together, providing superior technology and agent support. This quarter also marked a pivotal day in the history of eXp Realty as we moved to Nasdaq.”

Second Quarter 2018 Financial Summary

  • Revenue increased 235% in the second quarter to a record $130.5 million, compared to $39 million in the second quarter of 2017. This represents sequential growth of 111%, compared to $62 million in the first quarter of 2018.
  • Gross margin grew 193% in the second quarter of 2018 to $12.4 million, compared to $4.2 million in the second quarter of 2017.
  • Net loss was $1.9 million, or $(0.03) per diluted share in the second quarter of 2018, compared to net loss of $2.1 million, or $(0.04) per diluted share, in the second quarter of 2017.
  • Adjusted EBITDA (a non-GAAP financial measure) significantly increased to $3.4 million in the second quarter of 2018, compared to a ($155,000) in the second quarter of 2017.
  • Cash flow from operations significantly increased to $8.6 million in the second quarter of 2018, compared to $475,065 in the second quarter of 2017.

Second Quarter 2018 Consolidated Operating and Business Highlights

  • Residential transaction sides closed in the second quarter of 2018 was 19,903, an increase of 214%, compared to 6,331 during the second quarter of 2017. This represents 110% sequential growth, compared to 9,473 during the first quarter of 2018.
  • Residential transaction volume closed in the second quarter of 2018 was $5.3 billion, an increase of 251%, compared to $1.5 billion during the second quarter of 2017. This represents 128% sequential growth, compared to $2.3 billion during the first quarter of 2018.
  • Agent count was 11,856 at the end of the second quarter of 2018, an increase of 203%, compared to 3,913 in the second quarter of 2017. This represents 28% sequential growth, compared to 9,290 at the end of the first quarter of 2018. During the early part of the third quarter, the Company made modifications to internal tracking of agent count. This led to a discrepancy in reporting during the month of June. The discrepancy has been identified and remedied and the Company is on track to end the year with an agent count between 16,000 and 20,000. As of July 31, 2018, the number of eXp Realty agents totaled 12,551.

 

Full article at: http://expworldholdings.com/2018/08/13/exp-world-holdings-reports-record-second-quarter-2018-results/ 

Irma Yapor selected as a Premier Realtor by Orlando Magazine 2017

Irma Yapor selected as a Premier Realtor by Orlando Magazine 2017

Irma Yapor, has been selected as a Premier Realtor and featured in Orlando Magazine ~ June 2017 edition.

Irma G. Yapor is Real Estate Broker Associate/Owner and Branch Manager of eXp Realty in Windermere, FL. With her 38 years in the Greater Orlando area and extensive experience in advertising, marketing and real estate, you have a well-rounded and knowledgeable professional on your side, specializing in the luxury market.

“The Real Estate industry continues to evolve tremendously and we make every effort to stay at the forefront to better serve our sellers and buyers,’ Irma says. “It is all about accessing the latest in digital technology, serving the best interests of our customers and going above and beyond. We are truly and fully concierge.”

Irma is a Certified International Property Specialist (CIPS), Certified Luxury Home Marketing Specialist® (CLHMS), Million Dollar Guild® member, GREEN designee and Accredited REO Agent. She’s been named a Premier Realtor 2017 by Orlando Magazine, is the recipient of the Emerald Elite Award and the Real Trends Best Real Estate Agents in America. Irma completed her Bachelor of Arts at the University of Central Florida and the Crummer Management Program at Rollins College/Crummer Graduate School of Business. She is involved in many community and professional organizations, and is an advocate of animal causes.

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