The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s release from the U.S. Commerce Department on January new home construction: “Terrific news on housing starts in January with a solid 10% gain. This rise in single-family housing construction will help tame home price growth, and the increase in multifamily units should continue… Continue Reading Instant Reaction: January Housing Starts
Anita Clark By Anita Clark There are few things real estate agents understand better than curb appeal. It is one of the major factors motivating people to go into a house predisposed to buy. Curb appeal is one of the top factors that can shield a property from low-ball offers, and it’s one of the… Continue Reading Key Tips to Give Your Website Curb Appeal
In a monthly survey of REALTORS®, respondents are asked “Compared to the same month last year, how would you rate the past month’s traffic in neighborhood(s) or area(s) where you make most of your sales?” Respondents rate buyer traffic as “Stronger” (100), “Stable” (50), or “Weaker” (0) and the responses are compiled into a diffusion… Continue Reading REALTORS® Reported Strong Buyer Demand and Tight Supply in December 2017
NAR members and Association staff can borrow up to six electronic books, digital audios and/or videos at no cost, through the Virtual Library eBooks Collection. Members can also borrow up to three books for 30 days from the Library Catalog for a nominal fee of $10. Call Information Services at 800.874.6500 for assistance. High Performance Habits by… Continue Reading New Books–February 2018
Google’s Valentine’s gift is a big one: starting tomorrow (on February 15), Chrome will block 12 of the most annoying kinds of web site ads. This is MUCH better than flowers and chocolate. The wearables market hasn’t grown as fast as some thought it might, but innovations like this — the first FDA-approved seizure-detecting wearable… Continue Reading Better Ad Blocking? Yes Please! Plus Four More Things You Should Know About
We reported yesterday that single-family home prices rose in 92 percent of NAR’s measured markets during the final three months of 2017. Add the 5.3 percent price growth overall last year, and the cumulative price gain nationally since 2011 is an impressive 48 percent. This multi-year streak in price appreciation has been a welcoming sign for… Continue Reading Home Prices at All-Time High in 63 Percent of Metro Areas
Using data from the 2017 Profile of Home Buyers and Sellers we can break down household composition, and the relationship it has to home purchasing choices. Among all recent home buyers, 65 percent were married couples, 18 percent were single females, eight percent were unmarried couples, and seven percent were single males. Three percent of… Continue Reading Home Buyer Households: Valentine’s Day 2018
Does your relationship status influence your home buying choices? For Valentine’s Day the National Association of REALTORS® created this infographic highlighting information on how our love lives affect our real estate preferences. For more information check out the 2017 Profile of Home Buyers and Sellers. Powered by WPeMatico
At the national level, housing affordability is practically flat from last month and down from a year ago. Mortgage rates increased to 4.22 percent this December, up 1.7 percent compared to 4.15 percent a year ago. Housing affordability declined from a year ago in December moving the index down 2.3 percent from 163.8 to 160.1.… Continue Reading December 2017 Housing Affordability Index
In a monthly survey of REALTORS®, seller’s agents who closed a sale are asked “How many offers were received for the most recent property you sold in the past month? Among seller’s agents who closed a sale in December 2017, the respondents reported they received 2.2 offers (which means sellers received between two to three… Continue Reading Home Sellers Had 2 to 3 Buyer Offers in 2017