Berkshire Hathaway HomeServices Quarterly Market Report Q3 2016

Stephen Phillips, president of Berkshire Hathaway HomeServices, provides market updates from beautiful Laguna Beach, CA.

Berkshire Hathaway HomeServices Quarterly Market Report Q4 2015

Stephen Phillips, president of Berkshire Hathaway HomeServices, provides market updates from the Inman Connect conference held at the financial capital of the world, New York City. Watch as Stephen highlights important economic trends happening right now in the real estate market.

Berkshire Hathaway HomeServices Quarterly Marketing Update

In his inaugural video in a new quarterly series, Stephen Phillips, president of Berkshire Hathaway HomeServices, provides market updates from beautiful San Diego and the 2015 National Association of REALTORS® Conference & Expo. Watch as Stephen highlights important economic trends happening right now in the real estate market.

Stephen Speaks: Builder Confidence

Builder confidence for newly built single-family homes slipped three points to 62 in November from an upwardly revised October reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The pullback is from an unusually high October reading. Still, builder confidence has hovered in the 60s for six consecutive months reflecting housing’s longer-term progress.

“Looking at these numbers this year has been like driving from house to house in a very nice neighborhood,” said Stephen Phillips, president of Berkshire Hathaway HomeServices. “Today’s number indicates slight variation in a very positive range, since anything above 50 indicates continued expansion. And we’re solidly above last year at this time. Nothing surprising, and a good report, overall.”

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Why Are we Here?

By Stephen Phillips

Existentialism: a philosophical system emphasizing the existence of the individual as a free and responsible agent determining their own development through acts of the will.

I heard someone say recently that every business owner needs to ask why their company exists. What need is the business filling? What value is the business creating? Who would miss the business if it suddenly went away? That bit about creating value piqued my interest, because I spend a great deal of time thinking about, and working to increase, the value that HSF Affiliates and Berkshire Hathaway HomeServices create for affiliates, agents and consumers. I also think about why real estate networks and brokers and agents exist in the first place. What value does our industry create, and for whom?

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