It’s no secret that a professional appraisal is key to getting a clear understanding of the home purchase. It’s an important part of ensuring that buyers pay a fair price for their new home, and buyers who utilize the Department of Veterans Affairs’ Home Loan Guaranty Program are no exception. Realtors® took to Capitol Hill… Continue Reading NAR Goes to Capitol Hill on Appraisals for VA Home Loan Program
Sales to first-time homebuyers accounted for 32 percent of residential sales in February 2017 (33 percent in January 2017; 30 percent in February 2016), according to the February 2017 REALTORS® Confidence Index Survey Report, a monthly survey of REALTORS® about their sales activity and local market conditions.[1] Sustained job growth and improving incomes along with… Continue Reading First-time Homebuyers: 32 Percent of Residential Market in February 2017
Federal Legal Holidays, Deadlines, and the Residential Sales Agreement The SCR standard residential sales agreements set various deadlines via a business day count. To stop arguments about when a document was physically or electronically delivered and received (9:59 am or 10 am or 10:01 am), SCR310 begins the counting of 24 hour periods on the… Continue Reading Federal Legal Holidays, Deadlines, and the Residential Sales Agreement
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In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “In the neighborhood or area where you make most of your sales, what are your expectations for residential property prices over the next year?” Among REALTORS® who responded to the February 2017 survey, the median expected home price change in the… Continue Reading REALTORS® Expect Home Prices to Increase at a Faster Pace in the Next 12 Months
While total housing inventory continues to fall year-over-year for the last 21 months, more markets are turning into a sellers’ market. Under limited inventory conditions, sellers get more confident. The increased demand exceeds the existing supply, which means that more buyers are seeking to purchase properties than there are available homes on the market. As… Continue Reading Sellers’ Markets: Where Do Sellers Get What They Ask?
Play ball! Baseball is a game of numbers just as much as it is of home runs, stolen bases and strikeouts. To celebrate the unofficial first day of spring, Major League Baseball’s Opening Day, the National Association of Realtors® is serving up a fastball of recent real estate facts that correspond to each of the… Continue Reading Real Estate on Opening Day: 9 Housing Stats for the 9 Baseball Field Positions [Infographic]
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 March 2017 was released today: Field Guide to Quick Real… Continue Reading Top Field Guides for March 2017
By Melissa Dittmann Tracey, REALTOR® Magazine Move over traditional styles. Contemporary and transitional-styled bathrooms are overtaking traditional in design preferences, according to the 2017 Kitchen & Bath Design Trends Report by the National Kitchen & Bath Association. The member survey reveals some of the following bathroom trends this year: Most popular color schemes: Whites, off/whites,… Continue Reading Most Popular Bathroom Trends for 2017
In the monthly REALTORS® Confidence Index 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 make most of your sales?” REALTORS® are generally optimistic about the existing homes… Continue Reading REALTORS® Expect “Strong” Housing Market Conditions Over the Next Six Months