Prudential Real Estate Sweeps Three of Four Categories in the J.D. Power 2013 Home Buyer/Seller Study

Prudential Earns Three 2013 JD Power Awards

Prudential Real Estate Earns Highest Rankings in 2013 J.D. Power Survey in Repeat Home Buyers, First-Time Home Buyers and First-Time Home Sellers categories.

J.D. Power recently announced that Prudential Real Estate ranks highest for customer satisfaction in three of four categories in their annual Home Buyer/Seller Satisfaction Study!

Our network scored highest in three of four categories:

The annual study measures customer satisfaction of home buyers and sellers among the nation’s largest real estate brokerage companies. We received five “Power Circles” in these segments, which is the highest rating attainable, and in the Repeat Home Seller segment we received four.

“I couldn’t be more proud of our Prudential Northwest Properties agents and their commitment to delivering the highest level of service every single day,” said Prudential Northwest Properties president Jason Waugh. “Ranking highest in the nation in customer satisfaction shows that our clients appreciate our expertise and the service we deliver. Combine that with our high Quality Service Certification ratings, which are based on direct feedback from our clients, and it shows our brokers continue to exceed consumer expectations and provide the greatest value in the industry.”

In addition to its high marks for service, the Prudential Real Estate network enjoys one of the industry’s highest average selling prices and its agents stand out as local-market experts.

If you have questions about buying or selling a home, or are interested in joining our team, please contact one of our trusted Prudential Northwest Properties real estate professionals.

Exciting News: Prudential Real Estate & Relocation Acquisition by Brookfield Creates An Industry Powerhouse

Late yesterday afternoon it was announced that Prudential Real Estate & Relocation was acquired by Brookfield Residential Property Services, a global real estate and relocation company.

Brookfield is a premier organization with real estate in its DNA and over $150 billion in assets. Businesses include residential brokerage, global employee relocation and data analytics. This transaction creates a global real estate and relocation services company operating in the US, Canada, Mexico, Portugal, China, Brazil, India, France, Australia & Singapore, and our relocation company DOUBLES in size as a result of the sale.

While this certainly will bring exciting changes and opportunities, we will continue to operate as Prudential Northwest Properties, provide the same exceptional level of service to our clients, and use the great tools and systems that continue to benefit our brokers and clients.

Earl Lee, the president of Prudential Real Estate & Relocation Services, is taking an expanded role in the combined companies, and his enthusiasm and excitement are contagious. In his own words from twitter yesterday, “1+1=3 Brookfield Residential Property Services & Prudential Real Estate and Relocation Svcs: 2 fine companies now form an even better one.”

This historic announcement positions two industry leading companies across the globe, and creates the 3rd largest residential real estate brokerage in North America, and the world’s second largest relocation services provider.

Jason Waugh, President & COO

We’re very excited about what the future brings!

If you have any questions, please don’t hesitate to contact Prudential Northwest Properties president Jason Waugh @ or 503-350-7248.





Homebuyer tax credit extended and expanded

capitolU.S. real estate received a big boost from Congress earlier this month when President Obama signed into law a five-month extension of the first-time homebuyer tax credit and a new tax credit benefiting existing homebuyers.

The first-time credit, part of the American Recovery and Reinvestment Act of 2009, was set to expire Nov. 30. Both credits will be available for qualified buyers through April 30. “Congress did the right thing by extending and expanding these tax credits,” said Prudential Real Estate and Relocation Services President Earl Lee. “The first-time homebuyer credit played a significant role in the U.S. housing market’s recovery in 2009, and both will help the market in the new year.”

According to the National Association of REALTORS, nearly half of all home sales are now being made by first-time purchasers. In fact, 47 percent of all Americans who purchased homes this year had not owned one during the previous three years, said NAR, up from 36 percent in 2006. NAR forecasts that existing home sales will rise 2 percent this year to just over 5 million. NAR predicts a 13.6 percent gain in 2010 to 5.69 million homes sold.

The first-time homebuyer tax credit equates to as much as $8,000, or 10 percent of a principal residence’s purchase price and is available to those who have not owned a principal residence in the past three years. Existing homeowners who have lived in their current home for at least five consecutive years of the previous eight and who are purchasing a home to be their principal residence may be eligible for up to a $6,500 tax credit.

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