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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… Continue Reading No Housing Recession Over Horizon
“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… Continue Reading What We’re Reading: July 30-August 3
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… Continue Reading Florida, California, and Texas: Top Foreign Buyer Destinations, According to 2018 NAR Survey
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… Continue Reading New Books–August 2018
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… Continue Reading NAR Applauds Senate Passage of Flood Insurance Extension
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… Continue Reading June 2018 Pending Home Sales
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… Continue Reading Fastest-Selling Markets in June 2018
By Joy Bender I’ve found Instagram marketing for real estate to be an important part of my marketing strategy. This past June, I organized my first San Diego luxury real estate Instagram Influencer event to launch a new $7.75 million listing. This is the second feature of a two-part blog series on Instagram marketing for… Continue Reading 7 Reasons My First Instagram Influencer Event Was a Failure
The National Association of Realtors has been a vocal supporter of comprehensive reforms to the National Flood-Insurance Program. Regarding your editorial “Hurricane Scalise” (July 21): The National Flood Insurance Program (NFIP) has been renewed 41 times since 1998, with six short-term extensions coming in the past year. You overlook that the National Association of Realtors… Continue Reading Realtors Support Flood-Insurance Reform (Letter to the Editor Published in the WSJ)
By Melissa Dittmann Tracey, REALTOR(R) Magazine Some home designers want to make a bigger statement with the ceiling, and they’re turning to wallpaper to do it. Wallpaper is once again growing in popularity for walls, and some designers are now experimenting with it to dress up the ceiling too. Some designers are using it to… Continue Reading Wallpaper for the Fifth Wall: A Modern Fix for Popcorn Ceilings?