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Search resuls for: "Dave Liniger"


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One of the world's largest real estate companies started out as a side hustle. Then, he acquired a real estate license to save money on commissions, and discovered he had some talent as a broker. Liniger left the military in 1971, moved to Denver and worked for other real estate brokerages before co-founding Re/Max with his soon-to-be wife, Gail. When Liniger launched Re/Max, he was "terribly naive," he says — telling his first employee he "was going to build the largest real estate company in the world." Surround yourself with positive influencesAssociate yourself with people who share your goals, including the desire to succeed, Liniger advises.
Persons: Max, Dave Liniger, Liniger, frugally, Gail, Jim Rohn, Berkshire Hathaway, Warren Buffett, Bill Gates, Gates, Buffett, you've Organizations: CNBC, U.S . Air Force, Indiana University, Re, Berkshire, Microsoft, Columbia University, NASCAR, NASA Johnson Space Center, . Space Command Locations: Denver, U.S, Tucson , Arizona, Colorado
After all, he recalls the early 1980s when the Federal Reserve’s war on inflation briefly spiked mortgage rates above 18%. “Everyone has been spoiled by the past 15 years of low interest rates,” Liniger, now the chairman of RE/MAX, told CNN. Mortgage rates climbed to 6.96% during the week ending July 13, up from 6.81% the week before, Freddie Mac said Thursday. “We’re just going to have to learn to live with 6.5% or 7% mortgage rates for six to 18 months,” said Liniger. ‘This is the top’Lawrence Yun, chief economist at the National Association of Realtors, is more optimistic about the direction of mortgage rates.
Persons: Dave Liniger, ” Liniger, Freddie Mac, That’s, Liniger, “ We’re, , Lawrence Yun, ” Yun, ” Torsten Slok, it’s, Yun, there’s Organizations: New, New York CNN, Federal, CNN, National Association of Realtors, Apollo Group Locations: New York, America
One real-estate veteran sees the housing market cooling down further after a multiyear bull run. As prices fall, he added, there will also likely be a mass exodus of real-estate agents. For instance, San Francisco, San Jose, Seattle, and Phoenix have all seen their median home prices decline by 10% or higher since the housing market peaked last year. Liniger, who in 1973 established ReMax, which now has 140,000 real-estate agents in 110 countries, has witnessed numerous economic peaks and valleys over his 50-year career in real estate. Real-estate agents may flee the industryHowever, the housing bust of 2008 led to severe attrition of real-estate agents, and that exodus from the industry could be repeated this time around, Liniger said.
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