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Home stager: Justin M. Riordan, founder of Spade and Archer Design Agency, with offices in Portland, Ore., and Seattle The home: This Portland, Ore., home was a “complete and total fixer,” Riordan says. But it wasn’t anything that some savvy staging couldn’t fix. The 3,180-square-foot home was built in 1906 and features five bedrooms, 3.5… Continue Reading Staged to Sell: A Fixer Upper to Show Stopper
A nun with a great pitching arm, green roofs, house tattoos, set-jetting, floating farms and open offices. This nun is a better pitcher than Yu Darvish of the Cubs. It’s hard enough to get one hole-in-one, but three in a day is exceptional! Michelle Hofstrand/flickr/2005 Green roofs around the world. Learn how floating farms can… Continue Reading What We’re Reading: August 20-24
NAR released a summary of existing-home sales data showing that housing market activity this July fell for the fourth straight month down 0.7 percent from last month, and dropped 1.5 percent from last year. July’s existing-home sales reached 5.34 million seasonally adjusted annual rate. The national median existing-home price for all housing types was $269,600… Continue Reading July 2018 Existing-Home Sales
By Matt Clements Building a team, in my opinion, is a must. Think about it: Your clients expect it. In order to be a top agent today, it’s critical for your clients to know that you have power, reach, and resources behind you. You need a buyers agent, maybe even two or three. This power… Continue Reading Is It Time to Build a Real Estate Team?
The Federal Housing Finance Agency (FHFA) on Tuesday announced that Fannie Mae and Freddie Mac will conclude their single-family rental pilot programs. National Association of Realtors® President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, issued the following statement commending the FHFA for its decision. With inventory shortages facing… Continue Reading Realtors Commend FHFA Decision to Abandon Single Family Rental Program
The REALTORS® Confidence Index (RCI) survey[1] gathers monthly information from REALTORS® about local real estate market conditions, characteristics of buyers and sellers, and issues affecting homeownership and real estate transactions.[2] This report presents key results about market transactions from July 2018. View and download the full report here. Market Conditions and Expectations The REALTORS® Buyer… Continue Reading REALTORS® Confidence Index Survey: July 2018 Highlights
Existing-home sales decreased for the fourth straight month in July to their slowest pace in over two years, according to the National Association of Realtors®. The West was the only major region with an increase in sales last month. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased… Continue Reading Existing-Home Sales Slip 0.7 Percent, Lowest Pace in Two Years
WASHINGTON (August 20, 2018) – On Friday, the U.S. Department of Housing and Urban Development filed a housing discrimination complaint against Facebook, alleging the site’s targeting tools allow advertisers to intentionally exclude specific demographics from viewing or receiving certain housing-related ads. HUD claims the social media site violated the Fair Housing Act by enabling advertisers… Continue Reading Realtors® Applaud HUD Decision to Target Online Housing Discrimination
A new study from the National Association of REALTORS® found a decline in the number of foreign homebuyers in the U.S. as well as the total sales volume. Total international sales totaled $121 billion during April 2017 to March 2018, a 21 percent decline from the previous 12-month period. NAR Chief Economist Lawrence Yun blamed… Continue Reading Story Idea: NAR Study Shows Decline in International Home Buyers
The NAR Research Group and REALTOR.COM have partnered to conduct an analysis of affordability at different income levels for all active inventory on the market. The result of this analysis, the REALTORS® Affordability Distribution Curve and Score, shows that housing affordability across the United States declined in July compared to a year earlier. The main… Continue Reading Housing Affordability in July 2018