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In 2017, the time on market plummeted to an all-time low—at just three weeks—to sell a home. Last year, we had seen the time on market to sell a home reach a historical low at just four weeks. In the 30 years that NAR has collected the data for time on market since 1987, the [...]
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 November 2017. View and download the full report here. Market Conditions and Expectations The REALTORS® Buyer [...]
An overwhelming majority of recent home buyers this year worked with a real estate agent to purchase a home at 87 percent, according to the 2017 Profile of Home Buyers and Sellers. The top benefits that buyers listed of working with a real estate agent were: First-time buyers (83 percent) were twice as likely to [...]
If the latest Star Wars movie inspired you to expand your universe to include more intergalactic adventure, the National Association of REALTORS® has some information on some of the most out-of-this-world cities in America. Powered by WPeMatico
By Melissa Dittmann Tracey, REALTOR® Magazine White has become a classy go-to color this holiday season, and it’s perfect when staging a home during the holidays. Whether it’s white table linens, holiday stockings, ornaments, or even an all-white tree, the neutral color can be a way to decorate a home for-sale during the holidays without distracting [...]
Stronger demand amidst lagging inventory levels caused home prices to continue accelerating in most metropolitan areas. Among 177 metropolitan areas, 92% of them experienced an increase of home prices in the third quarter of 2017. We compared the local market conditions in these areas from a year earlier and we identified which metro areas had [...]
Fire hazards, side hustles, yogurt, geology, Net Neutrality, traffic, and Star Wars. WATER YOUR TREE! Thank you. And while we’re on the subject, don’t plug space heaters into power strips. This tree substitute doesn’t need to be watered. Make your house work for you with one of these side hustles. Speaking of side hustles, we [...]
Twitter just made it much easier to thread your tweets together; here’s their official announcement and instructions. Tweetstorms ahoy! Android or iPhone user, newbie or veteran, it doesn’t matter: follow these steps to keep your smartphone secure. Heck, while you’re at it, check out the complete Wired Guide to Digital Security. Where do you put [...]
The new Choosing a Career in Real Estate: A Perspective on Gender, Race, and Ethnicity report compares the income, business activity, and demographic characteristics of each race and ethnicity. While White and Caucasian members make up the majority of NAR real estate agents at 74 percent, Hispanic, Latino, Mexican, and Puerto Rican members make up [...]
David Hakimi By David Hakimi This article is part two in a two-part series on how to sell newly-constructed homes. Read part one here. In my last post, I discussed the buyer’s agent’s duties in a new construction transaction and the sales process. Now I’d like to touch on hurdles clients may face buying new [...]