Realty Executives International announced the national launch of Homeworks, a marketing initiative piloted in Phoenix this past spring to help make teachers more aware of special loan programs that already exist for educators. The program aims to help teachers buy homes.

According to a study conducted by the American Federation of Teachers two years ago, teachers in the U.S. earn an average of just $46,597 and, last year, salaries increased at a rate lower than inflation. First-year-teacher salaries averaged just $31,794. The AFT survey also reports that over the last 10 years compensation for teachers increased at a far slower rate than salaries for other professionals.

Realty Executives franchisees can partner with their own lending and title partners to implement the Homeworks program. In the Metropolitan Phoenix area, Realty Executives and Homeworks have teamed up with First American Title Co. and Desert Heritage Mortgage to provide additional title and mortgage offerings that further discount services and provide bundled options for educators and others in the education field.

“Our goal in creating this program is quite simply to help facilitate home ownership in the educator population,” said Rich Rector, president and CEO of Realty Executives International. “Even though teachers have such a large effect on the future of our country, our society has chosen not to compensate them well enough to afford housing easily. Helping teachers buy homes with fewer roadblocks and in areas closer to their schools is how our company can help with this dilemma.”

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription