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The Internet won’t be the end of stores but it’s certainly having an impact on the retail segment of commercial real estate. How much business has online shopping sites taken away from brick-and-mortar stores? Would downtown areas look different if some $1 trillion in sales hadn’t transferred from stores to the Internet in just the [...]
Pending home sales inched back 0.5 percent in May, falling on an annualized basis for the fifth straight month, according to NAR. A decline in contract activity in the South offset gains in the Northeast, Midwest and West. Lawrence Yun, NAR chief economist, says this year’s spring buying season did not meet market expectations. “Pending [...]
NAR released a summary of pending home sales data showing that May’s pending home sales pace was down 0.5 percent last month and fell 2.2 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 [...]
The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s Case-Shiller National Home Price Index report: “Home price growth remains strong across the country as reflected in the Case-Shiller Home Price Index, with a 6.4 percent gain from a year ago. The ongoing housing shortage has been pushing up home prices well above [...]
The results are in! We have the latest on what outdoor remodeling projects give homeowners the greatest satisfaction, according to the new 2018 Remodeling Impact Report: Outdoor Features. First, the top two projects that scored a perfect 10 on the Joy Score were adding a fire feature, such as a fire pit to the backyard, [...]
In a monthly survey of REALTORS®, respondents are asked “Compared to the same month last year, how would you rate the past month’s traffic in neighborhood(s) or area(s) where you make most of your sales?” Respondents rate buyer traffic as “Stronger” (100), “Stable” (50), or “Weaker” (0), and the responses are compiled into a diffusion [...]
NAR released a summary of existing-home sales data showing that housing market activity this May fell 0.4 percent from last month and dropped 3.0 percent from last year. May’s existing-home sales reached 5.43 million seasonally adjusted annual rate. The national median existing-home price for all housing types was $264,800 in May, up 4.9 percent from [...]
By Melissa Dittmann Tracey, REALTOR® Magazine We’ve seen brass fixtures gradually coming back over the last few years, and the trend is only getting bigger. Golden brass tones can warm up some of your décor. However, after being inundated with silver finishes–like chrome and stainless steel–over the last few years, some still consider brass as [...]
Technology, architecture, and food. Finally, the only barrier between us and owning a yacht has been resolved. The Rustbelt is finding new purpose. Keep Portland Weird or Keep Portland Safe? Meh, you can have both. Darren Stone/flickr/2011 No wonder it’s such a happy place — no mosquitoes! Now you don’t have to travel to Arizona [...]
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 May 2018. View and download the full report here. Market Conditions and Expectations The REALTORS® Buyer [...]