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The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s S&P/Case-Shiller release on February home prices: “There is no let-up to rising home prices. The Case-Shiller Index and National Association of Realtors® median home price both show gains of roughly double the average wage growth. Even as the tightening job market is starting to boost [...]
The REALTORS® Confidence Index (RCI) survey gathers monthly information from REALTORS® about local real estate market conditions, characteristics of buyers and sellers, and issues affecting homeownership and real estate transactions.[1] This report presents key results about market transactions from March 2018. View and download the full report here. [2] Market Conditions and Expectations The REALTORS® [...]
It’s hard to imagine what it’s like to be evicted, perhaps because the impacts of evictions are so wide-ranging. Household items are put on the curb and lost if the evictee can’t afford a storage unit. Having an eviction on one’s record makes it harder to rent a decent place to live. Constant movement to [...]
After two straight months of declines, existing home sales climbed 1.1 percent in March but it was a familiar story as low inventory and high prices kept sales activity to a level lower than a year ago, according to NAR. As NAR Chief Economist Lawrence Yun explained during this morning’s press conference, gains last month [...]
By Melissa Dittmann Tracey, REALTOR® Magazine Want to add some greenery or a garden to a backyard but tight on space? Try a vertical garden. By going up with your plants instead of spreading them out, you’ll be able to squeeze a garden in even the smallest of spots. Vertical gardens are considered a hot [...]
Property, technology, and bookbinding. Thinking about buying a second home? Consider one of these U.S. cities. How did we take aerial photographs before we had drones? We turned to these guys obviously. German Blanco/flickr/2010 Check out this chart showing how technology changed over the last 150 years. Can’t wrap your head around how a home [...]
What authority does the European Union have over your real estate business? That’s a tricky question, but an E.U. rule that takes effect next month could end up affecting your business in some manner. That’s because any European that comes to your web site to browse listings will be covered by what’s called the GDPR. [...]
Amid strong demand and tight supply, REALTORS® reported that properties that sold in February 2018 were typically on the market for 37 days, down from 45 days compared to the same month last year, according to the February 2018 REALTORS® Confidence Index Survey.[1] The median days on market have been broadly on a downtrend since [...]
What’s your home improvement persona: The Sensible Improver, the Project Planner, the Reliable Renovator, the Visionary, or the Extrovert? View this infographic from the Home Projects Council to learn the five main home remodeling personality types. Powered by WPeMatico
Drew Heasley By Drew Heasley Most markets are facing inventory shortages this time of year. There are simply too many buyers and not enough homes for sale. This requires buyer’s agents to get creative and aggressive in order to help their clients get the home they want. There are a lot of ways to get [...]