eXp
World Holdings, Inc. (OTCQB: EXPI) is offering Americans a 21st century new
deal with its Agent-Owned Cloud Brokerage™. Back in the 1930s, Americans were,
as they have been in recent times, picking up the pieces after a series of
devastating economic events, but if we thought the Great Recession was bad,
it’s because most of us haven’t been around long enough to remember the Great
Depression. Writing in the Wall Street Journal (http://nnw.fm/Diys5),
well-known financial commentator and hedge fund director Roger Lowenstein
opined that ‘the world didn’t experience anything close to a global depression
during the recent crisis. Peak to trough, global GDP fell 15%, world-wide, from
1929 to 1932; it fell less than 1% from 2008 to 2009.’
As
part of recovery efforts back then, President Franklin D. Roosevelt launched
his New Deal, under which the Federal Housing Administration (FHA) was created.
The FHA was a big deal for housing since it gave rise to the vibrant housing
market now estimated by the National Association of Home Builders to contribute
about 15 percent of GDP (http://nnw.fm/8GTa4). The FHA set standards for
construction and underwriting of mortgage loans. Its most important
contribution, however, was its provision of insurance for loans for home
building made by banks and other private lenders.
The
FHA has become the largest insurer of mortgage loans in the world, insuring
over 34 million properties since its inception in 1934. It now falls under the
aegis of the Department of Housing and Urban Development. After its creation,
home ownership increased. It was 44 percent in post-Depression 1940, but is now
62.9 percent, according to a July 2016 press release from the Census Bureau
(http://nnw.fm/0vHQq)… and it keeps rising.
Last
week, housing data for July 2016 (http://nnw.fm/oX6sp) released by the Census
Bureau and the Department of Housing and Urban Development (HUD) showed that
‘private-owned housing starts in July were at a seasonally adjusted annual rate
of 1,211,000… (which) is 5.6 percent above the July 2015 rate of 1,147,000.’
Private-owned houses completed ‘were at a seasonally adjusted annual rate of
1,026,000… 3.2 percent above the July 2015 rate of 994,000.’
eXp
World Holdings is offering brokers, agents and prospective home owners a new
deal in these still uncertain times. Its Agent-Owned Cloud Brokerage, operated
by wholly-owned subsidiary eXp Realty, offers brokers and agents a full service
national real estate brokerage platform with all the services offered by a
traditional brick-and-mortar brokerage… but without the associated costs. It
provides a novel 3-D environment in which agents and brokers can source
training, educational, coaching and mentoring resources, as well as transaction
and technical support.
An
updated research report from Fundamental Research (http://nnw.fm/Nmzm0) issued
last week details that ‘Since our previous report in May 2016, the company has
expanded its membership count by 31%, from 1,204 to 1,580. The platform only
had 665 real estate brokers and agents as members as of June 30, 2015.’
For
buyers, things have never been easier. From the comfort of their armchairs,
they can find the right agent and, through him or her, the right house. eXp
Realty is currently operating in 41 states across the U.S., as well as the
District of Columbia and Alberta, Canada. This new deal from eXp World Holdings
looks like the real deal.
For
more information, visit the company’s website at www.eXpWorldHoldings.com
