NAR

By Erica Christoffer Your YPN members are in the throes of a frenzied seller’s market. They’ve likely been hard-pressed to satisfy anxious buyers seeking suitable properties. They’re probably juggling multiple offer listing and clients thirsting for immediate responses. How do you add value to their real estate toolkit through your YPN group activities and events?… Continue Reading Cool YPN Events for This Hot Real Estate Season

Chinese buyers remained as the top foreign buyer of U.S. residential property, according to NAR’s recently released 2018 Profile of International Activity in U.S. Residential Real Estate. [1],[2] Chinese buyers accounted for 15 percent of foreign buyer purchases during the period April 2017-March 2018, which is about the same as the share in the past… Continue Reading Chinese Buyers Still #1, According to NAR 2018 International Survey

The Universe, a skyscraper with a waterfall, a company-wide meat ban, what parking costs American cities and an unusual retirement community. How would you respond to your employer enacting a policy like this?  We wouldn’t mind living out our days in a village like this. First time we’ve seen a skyscraper with its own waterfall.… Continue Reading What We’re Reading: July 23-27

The National Association of REALTORS® released the 2018 Profile of International Transactions in U.S. Residential Real Estate, which profiles top five countries of origin for foreign home buyers and how these buyers are utilizing the services of REALTORS®. Check out this infographic highlighting some of the report’s findings?   View the whole release here. Powered by… Continue Reading Infographic: 2018 Profile of International Transactions in U.S. Residential Real Estate

Foreign buyers purchased $121.0 billion of existing homes from April 2017—March 2018, a 21 percent decline from the past period’s level, according to NAR’s recently released 2018 Profile of International Activity in U.S. Residential Real Estate.[1],[2] Foreign buyers accounted for eight percent of the $1.6 trillion existing home sales during the same period, a decrease… Continue Reading Foreign Buyer Residential Purchases Decline to $121 B, According to NAR 2018 International Survey

NAR released a summary of existing-home sales data showing that housing market activity this June fell for the third straight month down 0.6 percent from last month, and dropped 2.2 percent from last year. June’s existing-home sales reached 5.38 million seasonally adjusted annual rate. The national median existing-home price for all housing types was $276,900… Continue Reading June 2018 Existing-Home Sales

National Association of Realtors® President Elizabeth Mendenhall released the following statement after today’s U.S. House vote on legislation extending flood insurance funding: “Flooding is the most common and costly natural disaster in the United States. Without an extension of authority, the National Flood Insurance Program cannot write or renew flood insurance in 22,000 communities nationwide. The bill passed by… Continue Reading Realtors® statement on House vote to extend flood insurance

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 June compared to a year earlier. The main… Continue Reading Housing Affordability in June 2018

Existing-home sales decreased for the third straight month in June, falling 0.6 percent to 5.38 million sales as declines in the South and West exceeded sales gains in the Northeast and Midwest, according to the National Association of REALTORS®. The ongoing supply and demand imbalance helped push June’s median sales price to a new all-time… Continue Reading Existing-Home Sales Subside 0.6 Percent in June

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 June 2018. View and download the full report here. Market Conditions and Expectations The REALTORS® Buyer… Continue Reading REALTORS® Confidence Index Survey: June 2018 Highlights