NAR

Existing-home sales fell back in May for the second straight month; sales fell 0.4 percent to seasonally adjusted annual rate of 5.43 million in May from a downwardly revised 5.45 million in April. Lawrence Yun, NAR chief economist, says a solid economy and job market should be generating a much stronger sales pace than what has… Continue Reading Existing-Home Sales Backpedal in May

By Melissa Dittmann Tracey, REALTOR® Magazine The front porch is making a comeback. And more builders are adding them back into new home designs. The front porch was once a mainstay in home designs in the early 1900s. But over the years it has gotten swapped out for those street-facing garages. Also, homeowners sought more… Continue Reading Make the Front Porch a Selling Point

In a monthly survey of REALTORS®, respondents are asked “In the neighborhood(s) or area(s) where you make the most sales, what are your expectations for residential property prices over the next year?” Among the respondents, the median expected price change is four percent. The chart below shows median expected price change by state based on… Continue Reading REALTORS® Expect Home Prices to Increase by 4% in the Next 12 Months

Perfect gift for Father’s Day, Route 66 Attractions, MPR Raccoon, Value of Your Home, World Cup 2018, Poison Ivy, Vitamin D, Pele’s Hair, Cybersecurity mistake, . Still looking for that perfect gift for Father’s Day? Is Father’s Day still a big deal in your family? Route 66 attractions – stores and restaurants you should plan… Continue Reading What We’re Reading: June 11-15

In recent years, baby boomers have been active in the housing market, coming in at a close second to millennials as the largest generation of home buyers, while home prices have remained high and inventory conditions tightened. The National Association of Realtors®’ 2018 Profile of Home Buyer and Seller Generational Trends identified that baby boomers are now… Continue Reading Infographic: Baby Boomers are Housing Market Movers

At the national level, housing affordability is down from last month and down from a year ago. Mortgage rates rose to 4.66 percent this April, up 13.4 percent compared to 4.11 percent a year ago. Housing affordability declined from a year ago in April moving the index down 8.8 percent from 159.8 to 145.8. The… Continue Reading April 2018 Housing Affordability Index

If a real estate practitioner commits two or more violations of the NAR Code of Ethics in a three-year period, the person’s name will be released by the local association so that you and other professionals in the industry can see who they are. A picture of the violator and a description of what they… Continue Reading Ethics Violations of Others Will Soon Be Visible to . . . You

Home prices around the country are continuing to surge—and they are not likely to slow down any time soon. In the last three years, the national median home price has increased about 20 percent, with annual gains of six percent on average. Meanwhile, in some areas, home prices are hitting warp speeds. Seattle and Denver… Continue Reading Housing Shortage Tracker

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 Information Services at 800.874.6500 for assistance. The Fight for Fair Housing:… Continue Reading New Books–June 2018

Amid strong demand and tight supply, REALTORS® reported that properties that sold in April 2018 were typically on the market for 26 days, down from 29 days compared to the same month last year, according to the  April 2018 REALTORS® Confidence Index Survey.[1] The median days on market have been broadly on a downtrend since… Continue Reading In Which States Did Properties Sell Most Quickly in April 2018?