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The following is a submitted Letter to the Editor by NAR President Elizabeth Mendenhall addressing the highly debatable claim made last week by a USA Today guest columnist that homeownership is a lousy investment. This letter to the editor in support of homeownership was published in today’s print edition of USA Today: (Click image to [...]
After finding a REALTOR®, being pre-approved for a mortgage is one of the most critical steps potential homebuyers should complete. This is essentially an assurance from a lender that the buyer is qualified to borrow up to a specific amount of money at a particular interest rate. It makes the buyer look more serious to [...]
In a monthly survey of REALTORS®, the survey asks “Think of your most recent sales contract in the past 3 months that was either closed or terminated. Please explain how the deal concluded.” The responses indicate that more contracts are being settle on time. Of the REALTORS® who responded to the January 2018 REALTORS® Confidence [...]
By Melissa Dittmann Tracey, REALTOR® Magazine Supersized tiles are making over more floors, and this may be welcome news to many homeowners. Large format tiles means less grout to clean. The large tile trend may be partially motivated out of function, not just aesthetics. More homeowners are experimenting with larger tile sizes, whether with porcelain, [...]
Edina, Minn. is one of the few suburbs I could see myself living in. It has decent public transportation, boutique storefronts, independent restaurants—and for an extra dose of kitsch—the first indoor shopping mall in America. It’s one of those old-growth ‘burbs, where the houses have character and the streets have sidewalks. Alas, it also has [...]
NAR released a summary of existing-home sales data showing that housing market activity this January fell 3.2 percent from last month and dipped 4.8 percent from last year. January’s existing home sales reached 5.3 million seasonally adjusted annual rate. The national median existing-home price for all housing types was $240,500 in January, up 5.8 percent [...]
Design, Olympics, history, strategy, and focus. Apple’s new campus might be beautiful, but its occupants face challenges. Tiny house designs maximize use of space, but you don’t need to live in a tiny house to apply their ideas. Guys, this hotel is literally an arctic circle. Stròlic Furlàn – Davide Gabino/flickr/2014 3-D printed housing? Of [...]
By NAR’s REALTOR Benefits® team You have many choices to make as a real estate professional—especially when it comes to investing in yourself and your new business. NAR’s REALTOR Benefits® Program is designed with you in mind, offering savings and unique offers on products and services just for REALTORS®. With more than 30 carefully selected [...]
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 January 2018. View and download the full report here. Market Conditions and Expectations The REALTORS® Buyer [...]
Here is some insight on how Americans can invest their tax return and how first-time home buyers may look to invest long term. One of the major hurdles for potential home buyers is the downpayment. With a sizable tax refund, the average American would have a sizeable or partial downpayment depending on which region or [...]