Atlanta, Georgia - Real estate agents from across Crye-Leike's Atlanta, Georgia region recently gathered an annual meeting to help the company celebrate its sales success in 2011 and 35 years of business.
Since first opening its doors in Memphis in 1977, Crye-Leike has helped thousands of buyers and sellers with all of their real estate needs offering unsurpassed service to all of their customers. The company's Georgia Realtors honored the milestone as they jumpstarted the new year of real estate sales at their regional 2012 Kick-Off meeting.
In the crystal ball segment of the program, Crye-Leike Co-founder and CEO Harold Crye offered his words of wisdom and discussed predictions for the 2012 housing market.
"The market is slowly stabilizing, and we expect sales to increase modestly as the economy gradually continues to recover," said Crye. "We expect to see more renters become buyers as rents continue to rise and mortgage rates remain at a historic low for now. We do anticipate mortgage rates will also soon be on the rise."
Crye-Leike's overall sales were good in 2011, with agents companywide helping Crye-Leike reach a final figure of $3.8 billion in sales for the year with a total of 24,470 properties sold.
"We think the market is turning the corner and real estate sales will be on the upswing in 2012," said Crye. "For the past three years, we've been holding steady along the 3 billion in sales mark, and expect to rise to $4 billion in sales for 2012. We feel like we've hit the bottom of the housing market, as we saw a surge in sales and were up in the fourth quarter last year."
Crye-Leike's Atlanta market sales in 2011 totaled $144 million from 1,008 properties sold. At this year's kick-off meeting, hundreds of Georgia agents attended the event and were awarded and applauded for their service and sales achievements in 2011.
With existing-home sales finishing on an uptrend in January and rising for the last four consecutive months, Crye-Leike's agents are excited to see the market bouncing back slowly.
These statistics were recently reported by the National Association of Realtors where Lawrence Yun, NAR chief economist, explains how the housing market is improving. He said, "Strong gains in contract activity in recent months show buyers are responding to very favorable market conditions. The uptrend in home sales is in line with all of the underlying fundamentals - pent-up household formation, record-low mortgage interest rates, bargain home prices, sustained job creation and rising rents."
For more information on NAR stats visit: http://www.realtor.org/press_room/news_releases/2012/02/ehs_jan
"We thank all of our agents for the terrific job they do of caring for our customers, of helping us build a great company reputation, and for sticking with us through these tough times," said Crye. "We wish our agents a successful 2012 as we encourage everyone to keep believing in their dreams of homeownership."
More About Crye-Leike, REALTORS - Harold Crye and Dick Leike established Crye-Leike, REALTORS in 1977. Today, Crye-Leike?, the nation's 6th largest real estate company, has a network of more than 2,800 licensed sales associates based out of 108 corporate and franchise offices located through-out the nine-state southern region of Tennessee, Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Louisiana and Oklahoma. Crye-Leike is a full-service real estate company offering buyers and sellers services in: residential and commercial sales, mortgage, title, insurance, business brokerage and investments, property management, development and construction, builder resources, REO bank-owned properties, relocation, auctions, and home services. In 2011, Crye-Leike attained a sales volume of $3.8 billion with 24,470 properties sold. More information is available at http://www.crye-leike.com
Atlanta Agents Celebrate 3.8 Billion In Sales For 2011 & 35 Years Of Unsurpassed Service
February 29, 2012