NAR released a summary of pending home sales data showing that September’s pending home sales pace was flat with no gain from last month and down 3.5 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… Continue Reading September 2017 Pending Home Sales
When the Wall Street Journal Editorial Board referred to the National Association of Realtors® as a “greedy” lobby for special interests in the tax reform debate, NAR President William E. Brown offered a swift response. “Defending middle-class homeowners isn’t ‘greedy’ because homeownership isn’t a ‘special interest,’” said Brown. “It’s a common interest.” Since then, other… Continue Reading NAR President Reminds Tax Reform Proponents That Homeownership is a “Common Interest”
The S&P CoreLogic Case-Shiller National Index shows that U.S. prices of single-family homes continue to rise. The national index level in August reached a new high and is up 6.1 percent from a year earlier. But what does this mean for homeowners? Home prices affect the wealth of homeowners. As the price of housing increases,… Continue Reading Instant Reaction: August Owners’ Gains Forecast
Existing-home sales slightly rose in September and contract activity was flat, despite continued weakness in overall housing supply and the temporary impact Hurricane’s Harvey and Irma had on sales in parts of Texas and Florida. Visit https://www.nar.realtor/videos/housing-minute to watch a 56-second, animated video from the National Association of Realtors® summarizing how the housing market performed… Continue Reading WATCH: October Housing Minute
It’s the spookiest day of the year, but some cities have a ghostly presence all year long. Here are the median home prices and some eerie facts about some of America’s most haunted towns! Happy Halloween! Powered by WPeMatico
One of the questions REALTOR® Magazine staff hears most often in casual conversation with members is, “How can I get my photo on the cover of the magazine?” Well—as past NAR presidents, Good Neighbor Award winners, and a few 30 Under 30 honorees can attest—it’s not easy. That’s why we decided a few years ago… Continue Reading How to Make It Onto the Cover of REALTOR® Magazine
Home buyers choose their home for many different reasons. Using the 2017 Profile of Home Buyers and Sellers and a recently released Realtor.com® survey, we can discover these common reasons as well as some surprising reasons for purchasing a home. Among all home buyers in the 2017 Profile of Home Buyers and Sellers, 85 percent… Continue Reading Halloween and Home Buyers
The following is NAR Chief Economist Lawrence Yun’s reaction to today’s reports on the U.S. homeownership rate in the third quarter and August home prices (S&P/Case-Shiller). “The American Dream of home ownership remains elusive, as the third quarter figure shows little change in the overall rate. The reason is simple. There is just not enough supply of… Continue Reading Instant Reaction: Q3 Homeownership Rate and S&P/Case-Shiller
Have you always dreamed of one day being named a REALTOR® Magazine 30 Under 30 honoree? This could be your year. Tell us how you’re killing it in sales, taking on leadership roles, or making a difference in your community by filling out an application today. We’re excited to announce that the 2018 30 Under… Continue Reading Apply for the 2018 Class of 30 Under 30
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 Homebuying Demand Continues to Outpace Supply in Many States in September 2017