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What to expect from the local housing market? People are changing jobs every 4 years[1] on average, according to the U.S. Bureau of Labor Statistics. Since U.S. workers are changing jobs more frequently than a couple of years ago, we take a closer look at the most popular moving destinations and the local housing market [...]
Unemployment is low and the economy is growing—more more than 4 percent in the last quarter—but home sales are actually going down for many real estate agents. The typical agent in the last year worked on 11 transaction sides, down from 12 sides the previous year. What’s going on? For starters, the inventory crunch is [...]
By Melissa Dittmann Tracey, REALTOR® Magazine Furniture is getting curvier this year. Rounded options are pushing out the sharp-edge designs. It can be a nod to the 60’s and 70’s but contemporary fabrics and details are keeping it from looking dated. You’ll likely notice softer lines, curves, and ruching are growing more popular, designers say. [...]
Through the first half of 2018, existing-home sales are down just a tad, by 2.2%, while new home sales are up 7.4%. Home prices continue to move higher by 5%. Distressed property sales have fallen to historic lows, comprising only 3% of total sales in recent months. The one area of concern is increasing housing [...]
“Blood Moon”, jobs and dating apps, Game of Thrones, the importance of reading, the Bank of Mom and Dad and emotional ties to your house. We couldn’t see the “Blood Moon” from the U.S., but a German astronaut on the International Space Station got some great pictures. Would you market your job on a dating [...]
Foreign buyers purchase property across the United States, but 52 percent of international buyers are still concentrated in five states: Florida, California, Texas, Arizona, and New York, according to NAR’s recently released 2018 Profile of International Activity in U.S. Residential Real Estate. [1],[2] Foreign buyers 266,800 U.S. existing homes during April 2017‒March 2018. Florida was [...]
NAR members and Association staff can borrow up to six electronic books, digital audios and/or videos at no cost, through the Virtual Library eBooks Collection. Members can also borrow up to three books for 30 days from the Library Catalog for a nominal fee of $10. Call Member Support at 800.874.6500 for assistance. The Happiness Advantage by Shawn [...]
NAR President Elizabeth Mendenhall released the following statement after today’s U.S. Senate vote on legislation extending flood insurance funding. The bill, which cleared the House last week, is expected to be signed into law by the President before tonight’s midnight deadline. “We applaud lawmakers for taking this needed action to prevent disruptions to closings in [...]
NAR released a summary of pending home sales data showing that June’s pending home sales pace was up 0.9 percent last month but fell 2.5 percent from a year ago. Pending sales represent homes that have a signed contract to purchase on them but have yet to close. They tend to lead existing-home Sales data [...]
Amid strong demand and tight supply, REALTORS® reported that properties that sold in June 2018 were typically on the market for 26 days, faster than one year ago (28 days) and the same time as in May 2018, according to the June 2018 REALTORS® Confidence Index Survey.[1] The median days on market have been broadly [...]