Author Archives: NAWRB

Happy International Women’s Day!

Posted on by NAWRB
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08 Mar

March 8 marks International Women Day, a day when we celebrate the achievements of women around the world. March is National Women’s History Month in the United States, the origins of which can be traced to March 8, 1857, when a group of New York women factory workers sparked a protest calling for better working conditions. March 8 was ultimately recognized as International Women’s Day and was observed for the first time in 1909. 
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Southern California Realtors Eye Single Female Homebuyers

Posted on by NAWRB
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23 Feb

At a gathering of local real estate agents, Long Beach broker Sonia Moncayo said she loves selling to single women, as one herself. But more than that, it’s just good business.

“They have money, they have savings, and they are happy with their own home,” Moncayo said.

Single women are the largest group of homebuyers after married couples, making up 15 percent, according to the National Association of Realtors. And that’s got the industry increasingly interested in promoting female homeownership.

Moncayo, president-elect of the Los Angeles chapter of the National Association of Hispanic Real Estate Professionals, said she plans to shift more attention to women homebuyers under her tenure.
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NAWRB Events Work To Inspire Women In Real Estate

Posted on by NAWRB
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22 Feb

The National Association of Women in Real Estate Businesses (NAWRB) works to bring women to the forefront of the housing industry with accountability and results by increasing the number of women in the boardrooms and executive offices of America.

Along with their advocacy, NAWRB has several upcoming events to help inform their community of industry develpments and better prepare them to successfully navigate the future of the housing continuum.

NAWRB’s Women’s Homeowndership Initiative & Calendar

NAWRB’s National Women’s Homeownership Initiative (WHI) is committed to increasing women’s homeownership throughout the country. As women make advancements in our workforce, it is imperative to strengthen their growth with strong economic foundations. As more women achieve homeownership, they will secure their progress and thus pave the way for future generations while lowering the number of women living below the poverty level.
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Home Ownership

Posted on by NAWRB
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01 Feb

Featured in NAWRB Magazine (Vol 5: Issue 1)

Dottie Herman

Posted on by NAWRB
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01 Feb

President and CEO of Douglas Elliman Real Estate

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A self-described Cinderella story, Dottie Herman’s path to creating the fourth largest real estate company in the country is replete with hard work and determination. The President and CEO of Douglas Elliman chronicles her journey to success in one of America’s most ruthless cities, from hosting her weekly radio show to taking a $75 million loan she had no way of paying back.

NAWRB: How did you get to where you are today, head of one of the largest real-estate companies in America?

Dottie Herman: About 15 years ago, I was running a 40-office company on Long Island and the Hamptons. I saw the evolution of public companies and thought, “I’m not going to be able to compete with that without a partner.” My attorney then introduced me to Howard M. Lorber, who became my partner. Within a year, we were offered a substantial amount of money for the company.

I told Howard I didn’t want to sell. He asked me, “Are you crazy?” I said, “No, I really feel we should expand into the City because there are no companies from Manhattan to Montauk and I feel strongly about creating that.” He looked at me and said, “Well, I think that’s nuts, but if you really want to do this, and you really want to put it all on the table and open up in the City, then I’ll go along with you.”
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Women’s Progress Through Homeownership

Posted on by NAWRB
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25 Jan

Screen Shot 2016-06-27 at 3.25.08 PMAccording to the U.S. Census Bureau’s Selected Economic Characteristics, based on 2010-2014 American Community Survey 5-Year Estimates, 30.9 percent of American families headed by women with no husband present are below the poverty level. As women make advancements in the American workforce—by progressing to executive roles, achieving higher pay and eliminating longstanding barriers—the percentage of women householders living in poverty will decrease accordingly, and as this progress occurs, it is important to secure it with tangible assets.

Homeownership is one of the most powerful avenues through which to cement one’s economic foundation. An increase in women’s homeownership levels would safeguard their advancements and provide a platform for future generations to do the same. From financial security and independence to confident personal and professional lives, the benefits of women’s homeownership are decisive.
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Retail Jobs from Coast to Coast

Posted on by NAWRB
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24 Dec

By most accounts 2015 was a decent year for many builders, lenders, and real estate firms – especially here in Texas where I’m spending a few days with Fairway Independent Mortgage. Speaking of which, here are the hottest real estate markets according to NAR. As expected, the Bay Area tops the list, and California urban areas are well represented. What wasn’t so hot were the stocks of publicly held companies in real estate with names like Stonegate (-60%) and Nationstar (-52%).
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Patricia Arvielo

Posted on by NAWRB
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24 Dec

President and Co-founder of New American Funding

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With over 30 years of experience in the mortgage industry, Patty Arvielo has helped create one of the fastest growing mortgage bankers in America, New American Funding. From running around the streets of Tijuana to walking the Great Wall of China, she recounts her formative experiences and describes how she is the American Dream.

 

NAWRB: What inspired you to enter the mortgage industry at the age of 16, and at that time, what did you envision being your lifelong career? Are you interested in any other professional fields, and did you ever consider career paths outside the mortgage industry?

Patricia Arvielo: I don’t know that anybody that I’ve ever spoken to in almost 35 years of being a mortgage banker has had the dream of being a mortgage banker. I fell upon an entry-level job because even though I was very young, I was inspired by earning the almighty dollar. TransUnion Credit happened to be the highest paid hourly job I could find. I got that job when I was 16 and I was a data entry clerk for thecompany, whereby I would input derogatory credit on mortgage factual reports. At that point I would take the calls from the people ordering the reports and I would ask them questions like, “Why do you need these reports?” and they said, “Because we do mortgage loans.” So I asked, “What’s that take? How much do you make?” They made more than I did so of course I went and looked for an entry-level job at a mortgage company. Again, being very young, my motivation and inspiration was to make more money and become independent so I could buy a new car and wear the clothes I wanted; as you can imagine, being a 16 or 17-year-old girl, that was important.
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