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Existing home sales rose 2.0 percent in October from one month prior while new home sales increased 6.2 percent. These headline figures are seasonally adjusted figures and are reported in the news. However, for everyday practitioners, simple raw counts of home sales are often more meaningful than the seasonally adjusted figures. The raw count determines [...]
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 Merri Cvetan, guest contributor If you’re staging your home during this time of the year, adding a bit of holiday cheer to your decor can make a big impression on potential buyers. Use these tips to create a simple, polished look that puts your home in its best light this holiday season. Choose the [...]
Lee Davenport By Lee Davenport I love a good challenge that helps me work smarter in my business. How about you? Well, as the New Year approaches, I’m challenging you to go beyond “going for broke” and “go for unbroke.” No more feast or famine. Stop involuntary income roller coaster rides. Make 2018 your best [...]
As the year winds down, we’re all in a reflective mood. And, as managing editor of REALTOR® Magazine, one of the more important items for me to look back on is what kinds of content our readers were most attracted to. Photo: Brigitte Tohm via Pexels Below I’ve compiled a list of five most-viewed articles [...]
The Department of Housing and Urban Development announced earlier this week that the Federal Housing Administration will no longer insure properties with Property Assessed Clean Energy assessments, winning praise from the National Association of Realtors®. “FHA’s PACE announcement is a smart step that will protect taxpayers and strengthen the overall program for homebuyers,” said NAR President Elizabeth [...]
The National Flood Insurance Program (NFIP) must be periodically reauthorized by Congress in order to continue issuing or renewing flood insurance policies. In 2010, multiple lapses in program authority brought uncertainty and caused major issues for homeowners in neighborhoods across 22,000 communities nationwide. Delays in home sales closings —or even worse, cancellations— are expected to [...]
Mistakes, archives, Twitter, Google, design, team building, streaming video, and productivity. First-time home buyers should avoid these missteps. This digital archive is helping families answer questions and heal. Wendy’s Twitter account continues to raise the bar on social media game. Jurgen Appelo/flicker/2012 Talk about your authoritative sources… Pantone announced its 2018 Color of the Year. [...]
In the report, Choosing a Career in Real Estate: A Perspective on Gender, Race, and Ethnicity, the most prominent race and ethnic groups are examined for their income, business activity, and demographic characteristics within the real estate industry. While White and Caucasian members made up the majority of NAR real estate agents at 74 percent [...]
NAR released a summary of pending home sales data showing that October’s pending home sales pace was up 3.5 percent last month and down slightly 0.6 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 [...]