Michael Crist

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 Traffic but Weak Supply in Many States in November 2017

At the national level, housing affordability is down from last month and down from a year ago. Mortgage rates increased to 4.19 percent this November, up 9.3 percent compared to 3.82 percent a year ago. Housing affordability declined from a year ago in November moving the index down 5.6 percent from 169.1 to 159.7. The… Continue Reading November 2017 Housing Affordability Index

The NFL’s Divisional Round kicks off this weekend, featuring a bevy of talented teams, including regular heavyweights, the New England Patriots and the Pittsburgh Steelers, as well as some newcomers (Jacksonville Jaguars and Tennessee Titans). While TV analysts and armchair quarterbacks dissect the rosters of each team to figure out who will be the winner… Continue Reading Price Forecasting the Winner of Super Bowl LII

At CES 2018, the consumer electronics’ mega show in Las Vegas this week, I hung out with robots, tried out the latest VR headsets, and talked—yes, talked—to a host of appliances, from a bathroom mirror to a refrigerator. After scouring the show floor, I found several products this year that hold real potential to shake… Continue Reading A Closer Look at CES’s Game Changers

Lots of tech and pets, plus snow and regional dialects. American kids get their first cellphone at age 10? Our parents never even got us our own landline! Should major companies address dependency on their tech? #GetOffMyLawn #ShakesFist CES is like Christmas all over again! Check out some of the coolest tech showcased at this… Continue Reading What We’re Reading: January 8-12

Martin Luther King, Jr. Day is observed on the third Monday of January and marks the birthday of Rev. Dr. Martin Luther King, Jr. This holiday is also recognized as a day of service, and is an opportunity to serve your community. Based on data from the 2017 Member Profile and 2017 Firm Profile we… Continue Reading Martin Luther King, Jr. Day 2018

Lee Davenport By Lee Davenport Have ever wished there was a genie who could help you craft the perfect subject line to get more people to open your emails? Or come up with that eye-grabbing copy so your mailers don’t end up directly in the trash? How about some help writing  social media posts that… Continue Reading A Hack to Help Your Marketing Grab More Attention

Amid strong demand and tight supply, REALTORS® reported that properties that sold in November 2017 were typically on the market for 40 days in November 2017, down from 43 days compared to November 2016, according to the  November 2017 REALTORS® Confidence Index Survey.[1] Amid tight supply, the median days on market have been broadly on… Continue Reading In Which States Did Properties Sell Most Quickly in November 2017?

Existing-home sales rose 5.6 percent in November from one month prior while new home sales increased 17.5 percent.  These headline figures are seasonally adjusted figures and are reported in the news.  However, for everyday practitioners, simple raw counts of home sales are often more meaningful than the seasonally adjusted figures.  The raw count determines income… Continue Reading Raw Count of Home Sales (November 2017)

After five consecutive years of solid gains, home price growth in 2018 is likely to calm down measurably and rise by only 2% on a nationwide basis. Some states will actually experience a price decline, while others will still enjoy large gains. Since 2012, the national median home price has risen by 38% while the… Continue Reading Home Price Growth Will Slow In 2018, Some States May See Declines