NAR released a summary of pending home sales data showing that October’s pending home sales pace was down 2.6 percent last month and fell 6.7 percent from a year ago. Pending sales represent homes that have a signed contract to purchase on them but have yet to close. They tend to lead existing-home sales data… Continue Reading October 2018 Pending Home Sales
What We’re Reading will be on vacation next week and will resume December 14. Landing on Mars, reading as therapy, dreams, cows, sleep texting and much more compiled by Anne-Marie Siudzinski, Senior Library Information Specialist. NASA’S InSight craft successfully landed on Mars. Outwit the porch pirates with these tips. What do you dream about? Helping… Continue Reading What We’re Reading: November 26-30
The REALTORS® Confidence Index (RCI) survey[1] gathers monthly information from REALTORS® about local real estate market conditions, characteristics of buyers and sellers, and issues affecting homeownership and real estate transactions.[2] This report presents key results about market transactions from October 2018. View and download the full report here. Market Conditions and Expectations The REALTORS® Buyer… Continue Reading REALTORS® Confidence Index Survey: October 2018 Highlights
Buyers should always ask the seller about these issues and contract for a seller disclosure form which asks about these issues. Here is a rough draft idea for this issue, perhaps for SCR391. Seller affirms: that the Seller owns the Property and that Seller can convey the Property and that there is no and will… Continue Reading Leased Equipment, Financed Equipment, Servicing/Monitoring Payments
With interest rates on the rise, REALTORS® expect the housing market to slightly weaken over the next six months compared to current conditions, according to NAR’s October 2018 REALTORS® Confidence Index Survey. For the first time since January 2012, the REALTORS® Confidence Index: Six-Month Outlook[1] registered below 50 across all family types: detached single-family homes,… Continue Reading With Higher Mortgage Rates, REALTORS® Expect Slightly Weaker Market Conditions Over the Next Six Months According to NAR October 2018 Survey
SCR will post the new seller disclosure to the SCR forms library ASAP. EFFECTIVE 1/1/19: REVISED South Carolina Residential Property Condition Disclosure Statement South Carolina Residential Property Condition Disclosure Statement (Effective 1/1/19) (Revised 11/18) (pdf) Due to a 2018 legislative amendment to the South Carolina Residential Property Disclosure Act, amendments to the South Carolina Residential… Continue Reading New Seller Disclosure (Historic District ?) (HOA?)
NAR released a summary of existing-home sales data showing that housing market activity this October, bounced back after six straight months of declines and was up 3.4 percent from last month, but dropped 5.1 percent from last year. October’s existing-home sales reached a 5.22 million seasonally adjusted annual rate. The national median existing-home price for… Continue Reading October 2018 Existing-Home Sales
Want to give your listing a little holiday flair–without going overboard? Elyza Brillantes, design program manager at Havenly, offers some of the following tips: 1. Infuse greenery. Greenery is always a must for staging your home so the space feels fresh. “For the holidays, seasonal greenery like evergreen boughs can be a lovely way to… Continue Reading 3 ‘Subtle’ Holiday Staging Tips
The NAR Board of Directors a few weeks ago made a few small but important changes to MLS and other rules to improve cooperation among brokers and reinforce the importance of associations’ ethics procedures. Here’s a brief recap. You can also learn about them in the latest Voice for Real Estate video. Proceeding With Ethics… Continue Reading 2 Ethics Changes That Can Impact Your Real Estate Work
This Thanksgiving we look at how recent buyers are choosing their homes, and how their friends and family can influence their decision. While we don’t all get to see our families every day, for many home buyers having the option to do so can impact the home they purchase. Based on data from the recently… Continue Reading Thanksgiving 2018: How family and friends can influence the home purchase