Renters Unaware Rental Payments Regularly Reported to Credit Bureaus

Survey: Only Half of U.S. Consumers Realize Rental Payments Can Be Regularly Reported to Credit Bureaus

Renters Are Confused About What Payments Impact Their Credit Standing

rentingNearly half (48 percent) of renters mistakenly believe rental payments are automatically reported to credit bureaus. The survey findings reveal widespread confusion about which payments are included in a consumer’s credit history. A majority wrongly believe payments for cable and internet fees (53 percent), utility fees (54 percent) and cell phone bills (52 percent) are regularly reported to credit bureaus. At the same time, less than a third (29 percent) correctly identified mortgage payments as data that is regularly reported to credit bureaus.

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May Real Estate Newsletter for San Diego, CA

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May 2013 Newsletter

How much Keller Williams raised $ at a Family Reunion for our Des Moines Family?

We are so proud of the incredible generosity you displayed during our Inspirational Brunch on Wednesday.

We were honored to share the story of the amazing associates in our Greater Des Moines market center. Ever since the market center opened, they have been struggling against a competitor with dominant market share who is paying only $1 of commissions on listings. These Keller Williams associates have been unfairly denied approximately $100,000 in commissions they rightfully earned for helping their clients move into the homes of their dreams. We challenged you – our Keller Williams family – to make our brothers and sisters whole.

And, WOW, did you ever respond! Within 60 seconds, you wrote checks and stuffed envelopes with donations totaling$107,684! We received pledges for an additional $36,200. (Darlins, you better pay up on those IOUs!)

All of these contributions are going to the KW Family Fund that Mary Tennant set up expressly for this purpose. We are committed to making our Greater Des Moines family whole – and we’re going to continue to help them until these unfair business practices end.

Keller Williams family, we need your continued support. While this is an amazing start, the situation is far from over. Our Greater Des Moines associates have a lot of pending transactions. And they’re doing all of this with no guarantee that they’ll ever get paid and with little reason to believe that our competitor will see the light. (Actually, there is some reason to be optimistic: Our market center brought more that 60 people to Family Reunion – pretty amazing considering they only have 58 associates!)

Today, we are encouraging each of you to donate 50 cents of every commission you earn to the KW Family Fund through the Greensheet. Of course, you don’t need to feel limited to 50 cents. You can give a dollar if you’d like … or $10 … or $100!

Please take the high road. Do not mention our competitor in your conversations or social media postings. The last thing they deserve for their shameful behavior is free publicity.

Keller Williams family, your actions truly show commitment in all things. Where in the world but KW could such an outpouring of generosity take place? It capped an historic Family Reunion and your response will be remembered forever. We not only announced that we’re the #1 real state company by agent count in the United States – but we showcased for the world the extraordinary culture that got us to this point and the passion and determination that are going to power us forward. You stood up as a real family and covered the backs of our brothers and sisters in need.

Thank you for your generosity. Thank you for your commitment. And thank you for proving that we’re #1! We feel blessed to be part of your family.

With love and appreciation,

Market Snapshot!

The inventory dropped an additional 150 homes in the past week. It was already a record last week, but now it sits at 4,728 homes. How far can the drop go? At this point, I am simply no saying as we are a market of extremes. The market is either ice cold or lava hot. Fewer sellers are going to be coming on the market, which is going to have (and is currently having) an impact on demand. Demand dropped by 100 and now sits at 3,318, but potential demand is much higher. Typically demand softens, but so many buyers have been lost out on homes, that there is still plenty of interest. The real problem is nothing to sell them.