NAR released a summary of existing-home sales data showing that housing market activity this November jumped 5.6 percent from last month and rose 3.8 percent from last year. November’s existing-home sales reached 5.81 million seasonally adjusted annual rate. The national median existing-home price for all housing types was $248,000 in November, up 5.8 percent from… Continue Reading November 2017 Existing-Home Sales
A little over a year ago, at the 2016 REALTORS® Conference & Expo, I had the pleasure of hearing Bill Endsley, then secretary general of FIABCI-USA, talk about his organization’s latest publication, The City We Need Is Affordable. FIABCI, the International Real Estate Federation, is an organization of real estate professionals from all over the… Continue Reading What’s a Social-Purpose REIT?
In the monthly REALTORS® Confidence Index (RCI) Survey, the National Association of REALTORS® asks members “What are your expectations for the housing market over the next six months compared to the current state of the market in the neighborhood(s) or area(s) where you conduct most of your business?” According to the Six-month Outlook REALTORS® Confidence… Continue Reading Most REALTORS® Expect “Strong” Market Conditions in the Next Six Months Based on November 2017 Survey
Among first-time buyers who purchased a property through a mortgage in December 2016–November 2017, 61 percent, on average, made a zero to six percent downpayment, according to the November 2017 REALTORS® Confidence Index Survey. The share of first-time buyers who made a zero to six percent downpayment decreased from an average of 70 percent in… Continue Reading 61 Percent of First-time Buyers Made a Low Downpayment in November 2017
The calendar may have turned to 2018 yesterday, but with one month of 2017 data remaining, here’s a look at some of the top housing highlights from last year: Strongest existing-home sales pace November: 5.81 million Slowest existing-home sales pace August: 5:35 million Most likely to be happy Home sellers: sales prices consistently rose around… Continue Reading 2017 in Review: Housing Market Superlatives
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: Real Estate Office Policy Manuals Farming &… Continue Reading Top Reference pages for December 2017
By Audra Slinkey, Home Staging Resource Outdoor patio spaces have sure changed in the last few years with the onset of new outdoor materials, furnishings, fixtures, Cantina doors, and the home owner’s desire for more outdoor living and entertaining space. In fact, according to the 2017 National Association of REALTORS’ Profile of Home Staging report, the… Continue Reading 2018 Outdoor Living Trends: Jaw-Dropping Transformations
Fueled by strong job growth and the strengthening economy, existing-home sales and contract signings both increased in November. Visit (or watch below) https://www.nar.realtor/videos/housing-minute to watch a 50-second, animated video from the National Association of Realtors® summarizing how the housing market performed in November, as well as a look at current consumer sentiment and NAR’s 2018 housing… Continue Reading WATCH: Realtors® December Housing Minute: A 50-Second Video of Market Activity
Holidays, real estate, currency, technology, and collections. Time to decide what to do with your Christmas tree. Be the life of the NYE party by mastering this trick. Is this better than a plain yule log video? Dennis van Zuijlekom/flicker/2011 Sometimes you buy a house to enjoy it, and sometimes you buy it to tear… Continue Reading What We’re Reading: December 25-29
Net neutrality has been repealed on a federal level, but many web users continue to clamor for an open internet. There’s one possible solution that’s gathering steam: cities could build their own internet networks, and run them as public utilities. Electric vehicles, clean home power, battery storage backup, and more: some think 2018 is the… Continue Reading Will Cities Save Net Neutrality? Will 2018 Be Green Tech’s Breakout Year? (Plus Three More Items in Five for Wednesday)