NAR released a summary of pending home sales data showing that January’s pending home sales pace was up 4.6 percent last month but fell 2.3 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 January 2019 Pending Home Sales
About 3,000 REALTORS® who responded to NAR’s REALTORS® Confidence Index Survey in January 2019 expect home prices to typically appreciate in the next 12 months at modest pace of two percent on a national scale. In 2018, the median price of existing homes sold in the United States rose 4.8 percent. Respondents expect home prices… Continue Reading REALTORS® Expect Modest Price Growth of 2 Percent in 2019
The REALTORS® Confidence Index (RCI)[1] survey 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 January 2019. View and download the full report here. Market Conditions and Expectations The REALTORS® Buyer… Continue Reading REALTORS® Confidence Index Survey: January 2019 Highlights
By Melissa Dittmann Tracey, REALTOR(R) Magazine Bold colored vanities and vinyl flooring are gaining more clout in home design. Last week at the 2019 International Builder Show and the Kitchen & Bath Industry show, thousands of designers and builders talked trends as vendors showed off their latest innovations for the home. Here are a few… Continue Reading 7 Surprising Design Trends for the Home: Which Has Staying Power?
NAR released a summary of existing-home sales data showing that housing market activity this January, fell for the third straight month and was down 1.2 percent from December 2018. Sales of existing homes dropped 8.5 percent from January 2018. January’s existing home sales reached a 4.94 million seasonally adjusted annual rate, the lowest since November… Continue Reading January 2019 Existing-Home Sales
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Homebuying activity was essentially unchanged in January 2019 compared to one year ago, according to NAR’s January 2019 REALTORS® Confidence Index Survey.[1] The REALTORS® Buyer Traffic Index registered 52 in January 2019, just slightly above 50, a level that indicates no change in the overall direction of buyer traffic activity, One year ago, the REALTORS®… Continue Reading Home Buying Conditions by State in January 2019
By Rebecca Donatelli Let’s face it, as YPNers we are always looking for creative YPN event ideas. Getting members excited to get involved through fun and inspired events is a top priority on our annual YPN agenda. Last year I had the opportunity to travel to Chicago for the NAR YPN Leadership Retreat, where I… Continue Reading 3 Tips for Hosting a Successful YPN Event
Guest Contributor: Patti Stern, PJ & Company Staging and Interior Decorating The start of a new year in the real estate industry signals a prime opportunity for sellers to do what it takes to get their home noticed among the sea of listings soon to flood the spring market. After tackling the clutter, necessary repairs… Continue Reading Using the Latest Decor Color and Trends to Attract Buyers
In the spirit of President’s Day we can use data from the 2018 Profile of Home Buyers and Sellers to see how the typical home differs from the White House. Typical Home Purchased in the U.S. 86% of buyers purchased a previously owned home, with 82% of buyers choosing a detached single-family home. Looking by first-time and… Continue Reading President’s Day 2019: How Does the White House Compare to the Average Home?