NAR released a summary of pending home sales data showing that June’s pending home sales pace was up 0.9 percent last month but fell 2.5 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 June 2018 Pending Home Sales
Amid strong demand and tight supply, REALTORS® reported that properties that sold in June 2018 were typically on the market for 26 days, faster than one year ago (28 days) and the same time as in May 2018, according to the June 2018 REALTORS® Confidence Index Survey.[1] The median days on market have been broadly… Continue Reading Fastest-Selling Markets in June 2018
By Joy Bender I’ve found Instagram marketing for real estate to be an important part of my marketing strategy. This past June, I organized my first San Diego luxury real estate Instagram Influencer event to launch a new $7.75 million listing. This is the second feature of a two-part blog series on Instagram marketing for… Continue Reading 7 Reasons My First Instagram Influencer Event Was a Failure
The National Association of Realtors has been a vocal supporter of comprehensive reforms to the National Flood-Insurance Program. Regarding your editorial “Hurricane Scalise” (July 21): The National Flood Insurance Program (NFIP) has been renewed 41 times since 1998, with six short-term extensions coming in the past year. You overlook that the National Association of Realtors… Continue Reading Realtors Support Flood-Insurance Reform (Letter to the Editor Published in the WSJ)
By Melissa Dittmann Tracey, REALTOR(R) Magazine Some home designers want to make a bigger statement with the ceiling, and they’re turning to wallpaper to do it. Wallpaper is once again growing in popularity for walls, and some designers are now experimenting with it to dress up the ceiling too. Some designers are using it to… Continue Reading Wallpaper for the Fifth Wall: A Modern Fix for Popcorn Ceilings?
By Erica Christoffer Your YPN members are in the throes of a frenzied seller’s market. They’ve likely been hard-pressed to satisfy anxious buyers seeking suitable properties. They’re probably juggling multiple offer listing and clients thirsting for immediate responses. How do you add value to their real estate toolkit through your YPN group activities and events?… Continue Reading Cool YPN Events for This Hot Real Estate Season
Chinese buyers remained as the top foreign buyer of U.S. residential property, according to NAR’s recently released 2018 Profile of International Activity in U.S. Residential Real Estate. [1],[2] Chinese buyers accounted for 15 percent of foreign buyer purchases during the period April 2017-March 2018, which is about the same as the share in the past… Continue Reading Chinese Buyers Still #1, According to NAR 2018 International Survey
The Universe, a skyscraper with a waterfall, a company-wide meat ban, what parking costs American cities and an unusual retirement community. How would you respond to your employer enacting a policy like this? We wouldn’t mind living out our days in a village like this. First time we’ve seen a skyscraper with its own waterfall.… Continue Reading What We’re Reading: July 23-27
The National Association of REALTORS® released the 2018 Profile of International Transactions in U.S. Residential Real Estate, which profiles top five countries of origin for foreign home buyers and how these buyers are utilizing the services of REALTORS®. Check out this infographic highlighting some of the report’s findings? View the whole release here. Powered by… Continue Reading Infographic: 2018 Profile of International Transactions in U.S. Residential Real Estate
Foreign buyers purchased $121.0 billion of existing homes from April 2017—March 2018, a 21 percent decline from the past period’s level, according to NAR’s recently released 2018 Profile of International Activity in U.S. Residential Real Estate.[1],[2] Foreign buyers accounted for eight percent of the $1.6 trillion existing home sales during the same period, a decrease… Continue Reading Foreign Buyer Residential Purchases Decline to $121 B, According to NAR 2018 International Survey