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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 [...]
By Melissa Dittmann Tracey, REALTOR® Magazine Outdoor lighting isn’t just for the holidays. You can illuminate your outdoor living areas anytime of year. Stringed bulbs are becoming a “hot” outdoor trend this year. These outdoor clear, vintage lights have big rounded bulbs that can really create a festive flair in a backyard. They’re reminiscent of the [...]
Existing-home sales and contract signings both experienced meaningful increases in February despite higher mortgage rates, rising home prices and subpar supply levels in much of the country. Visit https://www.nar.realtor/videos/housing-minute to watch a 60-second, animated video from the National Association of Realtors® summarizing how the housing market performed in February, as well as a look at [...]
Home Buying, bath toys, FHA, privacy, ADUs, air quality, valuation, and models. Location is everything, but are you considering everything you should about a property when home buying? Rubber ducky, you’re the one…that’s causing infections. Pete G/flickr/2017 Facebook ad settings are called into question, even as we commemorate the 50th Anniversary of the Fair Housing [...]
Lee Davenport By Lee Davenport Have you ever heard the saying, “If it’s not broke, don’t fix it”? Yet, have you noticed that you don’t know what you don’t know? Perhaps a method or strategy (or lack there of) is broken, yet because we don’t know it, we leave things as they are. Using the [...]
At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates dipped to 4.27 percent this January, down 2.5 percent compared to 4.38 percent a year ago. Housing affordability declined from a year ago in January moving the index down 1.1 percent from 164.8 to 163.0. The [...]
No matter how passive it may seem, reading is an activity. It can be an acknowledgement, a political act, an act of remembrance—and at its best, it’s often all three wrapped into one. April 11, 2018 will mark 50 years since President Lyndon B. Johnson signed the Fair Housing Act into law. So much has [...]
NAR released a summary of existing-home sales data showing that housing market activity this February bounced back 3.0 percent from last month and rose 1.1 percent from last year. February’s Existing-Home sales reached 5.54 million seasonally adjusted annual rate. The national median existing-home price for all housing types was $241,700 in January, up 5.9 percent [...]
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When the Trump administration released its $1.5 trillion infrastructure plan last month, it set in motion a multi-year process that could eventually lead to considerable investment in communities. Of course, Congress must pass legislation to make much of it happen. Although there are some parts that the administration can do on its own, a lot [...]