At the national level, housing affordability is up from a year ago for the third consecutive month. Mortgage rates ticked up and stood at 3.78 this September and increases are expected to continue. Housing affordability increased from a year ago in September pushing the index up 1.0 percent from 165.9 to 167.5. The median sales… Continue Reading September 2016 Housing Affordability Index
One tool the Northern Virginia Association of REALTOR® uses to help its members succeed is NAR’s Profile of Home Buyers ad Sellers. This year marks the annual report’s 35th anniversary, and to note the occasion, Ryan Conrad, NVAR’s CEO, sat down to talk about how his association uses the data and graphs in the report… Continue Reading How One Association Uses the Profile of Home Buyers and Sellers
It’s hard to believe that the 2016 Realtors® Conference and Expo is only a few days away. With hundreds of sessions and events taking place beginning on Thursday, figuring out which sessions to attend at the massive Orange County Convention Center can seem like arriving at a whole new world. Allow me to take you on a… Continue Reading 2016 Realtors® Conference & Expo: The Need-to-Know in Orlando
REALTOR® Magazine presented a live webcast about the Federal Housing Administration’s new condo financing rules on Oct. 28, 2016. The webcast featured Megan Booth and Sehar Siddiqi of NAR Government Affairs, who discussed and answered questions about the new rules and the business opportunities that can come out of them. Jon Boughtin of NAR Communications hosted the… Continue Reading Webcast Recording: Understanding the New FHA Condo Financing Rules
NAR released a summary of pending home sales data showing that September’s pending home sales are up 1.5 percent from last month and also up 2.4 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 September 2016 Pending Home Sales
WASHINGTON (October 31, 2016) — The quickening pace of home sales over the past year included a small rebound from two key segments of buyers who have been missing in action in recent years: first-time buyers and single women. This is according to the National Association of Realtors®' annual Profile of Home Buyers and Sellers,… Continue Reading First-time Buyers, Single Women Gain Traction in NAR’s 2016 Buyer and Seller Survey
Home sellers decide to move for many reasons. Using the 2016 Profile of Home Buyers and Sellers, we can discover these reasons as well as some surprising reasons for selling a home. Among all home sellers, 18 percent decided to sell their current home because it was too small. The desire to move closer to… Continue Reading Halloween and Home Sellers in 2016
Inspirational Teched Out House Infographic by The Rug Seller by The Rug SellerPowered by WPeMatico
Are you killing it in sales, taking on leadership roles, or making a difference in your community? You may have what it takes to join the ranks of the 30 Under 30 class of 2017. REALTOR® Magazine is accepting applications now through Jan. 17. All members of the National Association of REALTORS® who will be… Continue Reading Apply Today for 30 Under 30 2017
CUBS!, innovation, photography, physics, elections, mystery, Halloween, home buying, food, and amenities. Did you hear who made it to the World Series this year? GO CUBS GO! (Forgive our department’s bias — we are headquartered in Chicago, after all) Learn management lessons from Joe Maddon. This seems harder than using stairs, but okay… Virtual reality… Continue Reading What We’re Reading: October 24-28