NAR released a summary of pending home sales data showing that May’s pending home sales pace is down 0.8 percent from last month and down 1.7 percent from a year ago. Pending sales are homes that have a signed contract to purchase on them but have yet to close. They tend to lead Existing Home… Continue Reading A Look at Pending Home Sales Numbers for May
Based on the Expectations & Market Realities in Real Estate 2017: Intersection of Global Change report—released by Situs RERC, Deloitte and the National Association of REALTORS®—commercial real estate (CRE) investors took a step back during 2016. Large cap CRE sales volume declined by double digits on a yearly basis, with $489 billion in closed transactions… Continue Reading Regulatory Framework Cuts Bank Capital for Commercial Deals in REALTOR® Markets
Before you all venture off to celebrate the Fourth of July weekend, take a look at our new monthly video series, Housing Minute. Housing Minute uses animated video to highlight in under one minute the most important housing data from NAR Research, including existing-home sales, pending home sales and other regular surveys. A new video… Continue Reading Introducing Housing Minute
Building materials, punctuation, architecture, technology, hiring, pollution, and Julia Child. You might avoid polystyrene packaging, but it is proving to have benefits as a construction material. Is the Oxford comma necessary? Only if you value clarity. You’re probably familiar with the exteriors of these architectural landmarks, but have you seen the interiors? We have a… Continue Reading What We’re Reading: June 26-30
Where are these home value estimates coming from? By Karen Belita, Data Scientist The prevalence of technology gives anyone more access to a broad spectrum of information on the internet. In real estate, access to property details and values is easier due partly to Automated Valuation Models or AVMs. Automated Valuation Models spit out a… Continue Reading Online Home Value Estimates Are NOT Appraisals
Health care is on top of the Senate’s agenda right now but tax reform is not far behind. The exact shape of reform won’t be known until a proposal is put forward, but lawmakers in the House several months ago released a reform concept that raises serious concerns for the real estate industry. The administration… Continue Reading Learn How Tax Reform Might Affect Home Sales
Consumers have a lot to think about when they’re buying a home, including wiring large sums of money, and protecting themselves from fraudsters might be the last thing on their mind. The National Association of Realtors® and the Federal Trade Commission are encouraging consumers to stay vigilant, while reminding victims that they have options. The… Continue Reading What to Do When Wire Scammers Strike
WASHINGTON (June 28, 2017) — The ongoing supply shortages that are propping up home prices in many metro areas caused pending home sales in May to slump for the third consecutive month, according to the National Association of Realtors®. None of the major regions saw an increase in contract activity last month. The Pending Home… Continue Reading Pending Home Sales Tumble in May for Third Straight Month
The wearables market seems to have cooled off quite a bit. But the Token Ring – which can open car doors, remember your passwords, and has some impressive security features – may heat things up again. I believe our own Chad Curry has previously written about this, but it’s so cool it bears repeating: the… Continue Reading One of These Magic Rings is Available for Pre-Order, Plus Four More in Five for Wednesday
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 April reached a new high and is up 5.5 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: April Owners’ Gains Forecast