WARREN, Ohio – Fluctuating interest rates greatly affected the real estate industry in the last few years.
While some prospective home buyers were forced to delay their purchase, Coldwell Banker EvenBay Real Estate helped many more buy homes in 2023. The company has offices in Warren and Boardman.
The real estate market outlook is predicted to be healthy in 2024. Economists forecast a correction regarding interest rates that will bring opportunities for buyers and sellers, said Michael Stevens, co-owner of Coldwell Banker EvenBay. As interest rates stabilize, buyers who held off on making a purchase last year may re-enter the market.
As new businesses move into the area and create jobs, the Valley should see an increase in population that will positively affect the real estate market, said Stevens.
By investing in its property management division last year, Coldwell Banker EvenBay Real Estate increased its portfolio of managed homes and increased profits.
This year, Coldwell Banker EvenBay will focus on educating its clients on what a Realtor does and how one earns that title.
Six of Coldwell Banker EvenBay’s agents were named to the Ohio Realtors President’s Sales Club in 2023: Joann Petkovich, Gerry Brown, Bobby Bakos, Paul Bevilacqua, and co-owners Janice and Michael Stevens. Only about 10% of the state’s real estate professionals attain this distinction.
Petkovich and Brown were also awarded the prestigious International Sterling Society Award. These agents are among the company’s top 16% of all sales associates internationally.
Michael Stevens completed his year as 2023 president of the Youngstown Columbiana Association of Realtors.
During his presidency, the association navigated many challenges, including the East Palestine train derailment. The association also raised $26,000 for Veteran’s Haven.