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Amid strong demand and tight supply, REALTORS® reported that properties that sold in January 2018 were typically on the market for 42 days, down from 50 days compared to the same month last year, according to the January 2018 REALTORS® Confidence Index Survey.[1] The median days on market have been broadly on a downtrend since [...]
While many real estate professionals see robots as helpful assistants who can make showing homes, maintaining buildings, and connecting with prospects easier, economists aren’t as upbeat about the impact of artificial intelligence on business life. In fact, many worry about a future where robots take over many of our jobs, and in response, some suggest [...]
In a monthly survey of REALTORS®, the survey asks buyer’s agents about the characteristics of their most recent sale for the month. The survey asks, “Was there a contingency?” According to a survey of REALTORS® who responded to the January 2018 REALTORS® Confidence Index Survey, 76 percent of buyer’s agents who closed a sale in [...]
There’s been confusion since the big tax law was enacted over the deductibility of interest on home equity loans. NAR has been saying that the interest is still deductible for the part of the loan that’s used for home repairs, renovations, and additions. And that’s the correct interpretation, according to the IRS. The agency confirmed [...]
Article Submitted by Fixr.com Before you’re able to successfully stage a home for sale, you need to understand your target audience, and the kinds of things they’re looking for in a home. Home buyers today are much more savvy than previous generations; they know what they want, and they’re willing to wait to get it. In [...]
Design, Olympics, School Buildings, Cleaning, Instant Pots, and Home Buying. Want to take your home to the next level? Try out some of these innovative hidden spaces but, you may want to think twice about where you’re hiding your valuables… The Simpsons has a record of predicting events that eventually become true – this past Saturday [...]
Following is a statement from National Association of Realtors® Chief Economist Lawrence Yun on the proposal to impose tariffs on steel and aluminum and the potential impact on residential real estate: “International trade requires reciprocal understanding of mutual interests. Trade has to be fair and intellectual property rights have to be respected on both sides. Still, the proposed [...]
NAR released a summary of pending home sales data showing that January’s pending home sales pace was down 4.7 percent last month and down 3.8 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 [...]
Despite stronger buyer interest in most of the country, extremely tight inventory conditions and weakening affordability caused both existing-home sales and pending sales to decline in January. Watch below or 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 January, as well as [...]
In a monthly survey of REALTORS®, the survey asks, “Compared to the original listing price, at how much of a net discount or net premium did the property sell?” According to a survey of REALTORS® who responded to the January 2018 REALTORS® Confidence Index Survey, 34 percent of properties that closed in January 2018 sold [...]