Amid strong demand and tight supply, REALTORS® reported that properties that sold in May–July 2017 were typically on the market for less than 31 days in 29 states and in the District of Columbia, according to the July 2017 REALTORS® Confidence Index Survey.[1] Properties sold quickly in states such as Washington (20 days), Colorado and… Continue Reading In Which States Did Properties Sell Most Quickly in July 2017?
Looking at data from the 2017 Member Profile we recognize REALTORS® for their hard work and successes this Labor Day. Sixty-five percent of REALTORS® are licensed as sales agents, 22 percent as brokers, 15 percent as broker associates, and two percent as appraisers. The majority of REALTORS® specialize in residential brokerage at 70 percent, with… Continue Reading Labor Day 2017: Celebrating Hard-Working REALTORS®
Half of all members are brokers (47 percent) and a third are sales agents (30 percent). The median gross income for brokers in 2016 was $154,900 compared to sales agents at $81,300. The median annual gross income for all commercial members was $120,800 in 2016, an increase from $108,800 in 2015, but slightly below 2014… Continue Reading A Breakdown of NAR Commercial Members’ Income
Hurricane Harvey, “resimercial,” solar energy, marketing, art, biometrics, childhood, and Apple rumors. The REALTORS® Relief Foundation is one way of helping victims of the destruction Hurricane Harvey has left in its wake. As good as a beer might sound to dull the stress, Anheuser-Busch is canning something more valuable to hurricane victims at this time.… Continue Reading What We’re Reading: Aug. 28-Sept. 1
There is no doubt about it: children are expensive. According to a report from the Department of Agriculture, it costs an average of $233,610, or $13,000 a year, to raise a child from birth to age 17 in the United States. That expense may impact many families’ housing decisions, and so the National Association of… Continue Reading Are Child Care Expenses Affecting Home Buying?
WASHINGTON (August 31, 2017) – Pending homes sales stumbled in July for the fourth time in five months as only the West saw an increase in contract activity, according to the National Association of Realtors®. The Pending Home Sales Index,*www.nar.realtor/topics/pending-home-sales, a forward-looking indicator based on contract signings, decreased 0.8 percent to 109.1 in July from… Continue Reading Pending Home Sales Lessen 0.8 Percent in July
Existing-home sales and contract signings both stumbled in July as stubbornly low levels hampered the housing market and kept home prices rising at a robust pace. Visit https://www.nar.realtor/videos/housing-minute to watch a 53-second, animated video from the National Association of Realtors® summarizing how the housing market performed in July, as well as a regional breakdown of… Continue Reading An Animated Recap of July Housing Activity
One indicator of the strength of homebuying demand is the number of client home tours. REALTORS® reported that, on average, they took about six clients on a home tour in July 2017, up from four clients one year ago, according to NAR’s July 2017 REALTORS® Confidence Index Survey. However, even as more clients went on… Continue Reading REALTORS® Reported More Home Tours but Fewer Offers in July 2017
Foot traffic, the number of times a property is shown to potential homebuyers, is a strong indicator of housing demand and future home sales. Each month NAR Research publishes a diffusion index for foot traffic, but recent efforts have expanded on this work to create other indexes. NAR Research is likely to continue to exploit… Continue Reading Tracing the Beaten Path
Lee Davenport By Lee Davenport When you need to look something up, what do you do? Many of us will grab our phone, laptop, or computer and do a Google or Bing search. But wait. You just realized that does not work on social media. Now what? Will you have to scroll through zillions of… Continue Reading Using Hashtags in Your Online Marketing