Americans have been cutting back on vehicle purchases in 2017 after having reached a 17.8 million annualized pace in the fourth quarter of last year. The purchases were running 4% and 6% lower in first and second quarter of 2017, respectively. No great cheer in July either with 16.7 million auto sales. The declines are… Continue Reading Will Falling Auto Sales Lead to Falling Home Sales?
Article Submitted by Fixr.com With warmer weather and longer days, summer is the ideal time of year to take on a project in or around your home. Many contractors and other pros often find this time of year a little slower, as many homeowners are waiting until fall to tackle big interior projects, which means that… Continue Reading 8 Home Projects with a High ROI
Technology, homebuilders, grudges, cosmic movements, home buying, career, and routine. How has technology impacted the home insurance market, and how will it continue to change? A miniature AI uprising? Don’t worry — it was shut down. Visual searching recently received a couple of upgrades. Tesla will have competition from IKEA in the solar panel game.… Continue Reading What We’re Reading: July 31-August 4
Foreign buyers purchased $153 billion of U.S. residential property in April 2016–March 2017[1], an increase from the $102.6 billion of property purchased in the previous 12-month period, according to NAR’s recently released 2017 Profile of International Activity in U.S. Residential Real Estate. Non-resident foreign buyers purchased $78.1 billion of property, while resident foreign buyers purchased… Continue Reading Foreign Buyer Residential Purchases Rose to $153B in April 2016–March 2017
WASHINGTON (August 2, 2017) – Commercial real estate markets continue to improve, with Realtors® specializing in commercial real estate reporting both an increase in member’s gross income and sales volume, according to the National Association of Realtors® 2017 Commercial Member Profile. The annual study's results represent Realtors®, members of NAR, who conduct all or part… Continue Reading Realtors® Report Finds 11 Percent Increase in Commercial Member Income, 19 Percent Increase in Sales Transaction Volume
Existing-home sales dropped 1.8 percent in June from one month prior while new home sales rose 0.8 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 (June 2017)
According to the National Association of Realtors®, 40 percent of all homes sold in 2016 sold during the summer months. There are many reasons why summer is the perfect time to sell your home – families are anxious to settle into a home before the school year starts and longer days mean showings can go… Continue Reading Tips for Hosting a Summer Open House that Sizzles
NAR released a summary of pending home sales data showing that June’s pending home sales pace is up 1.5 percent from last month and up 0.5 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 sales… Continue Reading June 2017 Pending Home Sales
Field Guides 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 field guides from Information Central for the month of July 2017 was released today: Field Guide to Quick Real… Continue Reading Top Field Guides for July 2017
WASHINGTON (July 31, 2017) — After declining for three straight months, pending home sales reversed course in June as all major regions, except for the Midwest, 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, climbed 1.5 percent to… Continue Reading Pending Home Sales Recover in June, Grow 1.5 Percent