The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s S&P/Case-Shiller release on March home prices: “The solid gain home prices of 6.5% in March added roughly $150 billion to housing wealth during the month. But the continuing run-up in home prices above the pace of income growth is simply not sustainable. From the cyclical… Continue Reading Instant Reaction: S&P/Case-Shiller March Home Prices
By Julea Joseph, guest contributor The keys are in your buyer’s hands! They’ve gone through the process … the search, deciding, inspection, stress, closing, and finally, the elation of buying a new home. Now, they have to make it their own. Here’s how. Color – Paint is the least expensive, easiest way to update a space. It can… Continue Reading How to Make a New House Your Own
Differences in household composition and financing options incentivize homebuying demand for veteran and active military, according to the 2018 Veterans & Active Military Home Buyers Profile, which evaluated the differences of recent active-service and veteran home buyers and sellers to those who have never served. Check out this infographic highlighting some of the report’s findings:… Continue Reading Infographic: Home of the Brave – A Look at Active Military and Veteran Homeownership
NAR released a summary of existing-home sales data showing that housing market activity this April fell 2.5 percent from last month and dropped 1.4 percent from last year. April’s existing home sales reached 5.46 million seasonally adjusted annual rate. The national median existing-home price for all housing types was $257,900 in April, up 5.3 percent… Continue Reading April 2018 Existing-Home Sales
Trends, privacy, technology, postage, and policies. You know, it’s kind of Uber meets Meetup, but with houses instead of cars. We have a “Corner of Shame.” How do you deal with messes in your open floor plan? This is a different kind of mess. SparkCBC/flickr/2010 We’ve seen our share of tiny houses, but this is… Continue Reading What We’re Reading: May 21-25
According to a new report from the National Association of REALTORS®, 61 percent of REALTORS® reported that consumers are interested in sustainability when it comes to buying a home. The report found that transportation and commuting are the most important environmental considerations consumers take into account, with easy access to highways (82 percent), short commute… Continue Reading Story Ideas: Consumers Want Sustainability in Real Estate
The chair and co-chair of NAR’s Real Property Valuation Committee made a few remarks on video about NAR’s appraiser independence policy last week during the 2018 REALTORS® Legislative Meetings in Washington. What sparked the remarks was a recent working paper on appraisal quality by two researchers with the Federal Housing Finance Agency. In the paper,… Continue Reading NAR Policy is All About Appraiser Independence
Property management software company App Folio is hosting a sponsor webinar on June 20 to share ideas on managing maintenance requests as temperatures rise this summer. Here’s what the company says about its webinar: With the hottest months of the year just around the corner, are you ready for the maintenance requests that are about… Continue Reading Apartment Managers: Get Ideas for Tracking Maintenance
Lee Davenport By Lee Davenport This is part two in an ongoing series featuring top producers. Read part one featuring Jen Du Plessis. What does it take to be a top producer? There is no magic, work-free formula, but there are habits and principles of top producers that you can “borrow” for your own playbook.… Continue Reading From Track Suits to Tailored Suits With Rod Williams
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 April 2018. View and download the full report here. Market Conditions and Expectations The REALTORS® Buyer… Continue Reading REALTORS® Confidence Index Survey: April 2018 Highlights