The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Department of Commerce report on Gross Domestic Product (GDP) in the fourth quarter of 2016: “The economic growth of 1.9% in the final quarter was again a slow grind producing no excitement. For the year as a whole, growth was only 1.6%,… Continue Reading Instant Reaction: Q4 GDP Report
WASHINGTON (January 26, 2017) — Do you know a Realtor® who not only helps people buy and sell houses but also serves the community through volunteer work? The National Association of Realtors® is currently accepting applications for REALTOR® Magazine's Good Neighbor Awards from Realtors® who have made an impact on the world through community service. … Continue Reading REALTOR® Magazine Seeks Nominations for 2017 Good Neighbor Awards
WASHINGTON (January 26, 2017) – Realtors® not only help people buy and sell homes, they are also deeply invested in making a difference in their communities. For eight years, REALTOR® Magazine has given Realtors® who help others through volunteer work an opportunity to enhance their charitable work through the Volunteering Works Grant and Mentoring Program.… Continue Reading REALTOR® Magazine Seeks Entries for 2017 Volunteering Works Mentoring Program
NAR released a summary of existing-home sales data showing that housing market activity this December fell from last month. Despite the decrease this month, 2016 was still the best year of existing-home sales in the last ten years. December’s existing-home sales reached the 5.49 million seasonally adjusted annual rate and existing-home sales are modestly up… Continue Reading December 2016 Existing-Home Sales
In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “For the last house that you closed in the past month, how long was it on the market from listing time to the time the seller accepted the buyer’s offer?” REALTORS® reported that properties typically stayed on the market for fewer… Continue Reading Properties Sold Faster in 2016 at 43 Days
Preparing for typical winter weather can be hard for homeowners, but dealing with dangerous winter conditions, such as blizzards or extreme cold, can be overwhelming. The key to surviving extreme weather is preparation. Homeowners should trim tree branches to prevent roof damage; roof tiles, shutters and siding should be secured; and gutters cleaned. Homeowners should… Continue Reading Story Ideas: Preparing homes for extreme weather
Because there are still some hard-keyboard smart phone enthusiasts out there, the newest Blackberry will be formally launched on February 25. Facebook is starting to put advertisements into Messenger, forcing pretty much everyone to wonder if the good old days of paying for software were better. Want to encourage your kids to explore science, technology,… Continue Reading Blackberry Is Back; Messenger Is Making Room For Ads; More in Five for Wednesday
This blog post was written by Managing Director of Housing Research, Danielle Hale, and Data Analyst, Hua Zhong. You probably know that home closings predominate on Fridays and the end of the month. Here is the data to back up your intuition: As we start the New Year, this is a good time to take a… Continue Reading EHS in 2016 by the Numbers – Part 1 – Popular Closing Dates
WASHINGTON (January 24, 2017) — Existing-home sales closed out 2016 as the best year in a decade, even as sales declined in December as the result of ongoing affordability tensions and historically low supply levels, according to the National Association of Realtors®. Total existing-home sales 1, which are completed transactions that include single-family homes, townhomes,… Continue Reading Existing-Home Sales Slide in December; 2016 Sales Best Since 2006
REALTORS®reported stronger homebuying demand in 2016 compared to 2015, according to the December 2016 REALTORS® Confidence Index Survey Report, a monthly survey of REALTORS® about their sales activity and local market conditions.[1] For the year 2016, the REALTORS® Buyer Traffic Index registered at 63 (60 in 2015), indicating that more respondents viewed buyer traffic conditions… Continue Reading REALTORS® Reported Stronger Housing Demand Amid Tight Supply in 2016