NAR released a summary of pending home sales data showing that October’s pending home sales pace was up 3.5 percent last month and down slightly 0.6 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… Continue Reading October 2017 Pending Home Sales
While the House and the Senate have passed their tax reform bills, they now have to figure out how to reconcile their differences. Once they conclude the final bill, both chambers will have to pass it again before it reaches the President’s desk to become law. In the meantime, we compared the impact that tax… Continue Reading Which Counties Will be Most Affected by the Tax Reform?
In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “In the neighborhood or area where you make most of your sales, what are your expectations for residential property prices over the next year?” The map below shows the median expected price change of the respondents in the next 12 months… Continue Reading In Which States Do REALTORS® Expect Highest Home Price Growth in the Next 12 Months?
Cold weather can keep homeowners cooped up inside for months, so why not use that time to take on some quick and easy DIY home repairs! For homeowners who are not that handy, they can take on projects as simple as replacing the batteries in their carbon monoxide and smoke detectors or silencing squeaky door… Continue Reading Story Idea: Clever Cures for the Worst of Winter
In the recently released Choosing a Career in Real Estate: A Perspective on Gender, Race, and Ethnicity report, the income, business activity, and demographic characteristics of NAR members are compared side by side. White and Caucasian members make up the majority of survey respondents at 74 percent and Asian and Pacific Islander members comprise a… Continue Reading Profile: NAR Asian and Pacific Islander Real Estate Members
By Christina Pappas Growing up in a Miami real estate family, I always envisioned working with my father and grandfather. But before I jumped into the industry, I wanted to give my other interest a try: hotels. After graduating from Cornell University, I moved to Los Angeles to launch a career in the hospitality field.… Continue Reading How Volunteer Work Benefits Our Business
Sales of distressed properties accounted for four percent of sales in October 2017, a decline from a peak of about 50 percent in 2009, according to the October 2017 REALTORS® Confidence Index Survey. From October 2008-October 2017, NAR estimates that 5.31 million foreclosed existing homes have been sold to homebuyers, and another 2.94 million were… Continue Reading Foreclosures on the Decline, with Large Inventory in New York, New Jersey, and Florida
By Melissa Dittmann Tracey, REALTOR® Magazine Bamboo is making its way into more home interiors. From flooring, window treatments to wall accents, furnishings and more, this sustainable material is popping up everywhere. Some designers are making bamboo their go-to material, which RISMedia recently highlighted in the article “4 Reasons Why Bamboo Is Taking Home Décor… Continue Reading Hot Home Trend: Bamboo Everything!
References are one-stop resource packages on dozens of subjects of interest to REALTORS®. On each page you’ll find links to articles, books, web sites, statistics, and other material on each subject. The list of the most-used references from Information Services for the month of November 2017 was released today: Starting Your Career Real Estate Office Policy… Continue Reading Top Reference pages for November 2017
Holiday tips, inspections, tiny living, design, science, communities, and AI. Need a little inspiration as you decorate your home for the holidays? Buying a Christmas tree this season? Make sure you secure it! And don’t do this. Traveling to be with family or friends this holiday? Save money anywhere you go with these tips. Here… Continue Reading What We’re Reading: Nov. 27-Dec. 1