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Home buyers choose their home for many different reasons. Using the 2017 Profile of Home Buyers and Sellers and a recently released Realtor.com® survey, we can discover these common reasons as well as some surprising reasons for purchasing a home. Among all home buyers in the 2017 Profile of Home Buyers and Sellers, 85 percent [...]
The following is NAR Chief Economist Lawrence Yun’s reaction to today’s reports on the U.S. homeownership rate in the third quarter and August home prices (S&P/Case-Shiller). “The American Dream of home ownership remains elusive, as the third quarter figure shows little change in the overall rate. The reason is simple. There is just not enough supply of [...]
Have you always dreamed of one day being named a REALTOR® Magazine 30 Under 30 honoree? This could be your year. Tell us how you’re killing it in sales, taking on leadership roles, or making a difference in your community by filling out an application today. We’re excited to announce that the 2018 30 Under [...]
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 [...]
Its October, and that means it’s National Kitchen and Bath Month! The National Association of REALTORS®’ 2017 Remodeling Impact Report shows homeowners the benefits they reap – both financially and emotionally - from showing their bathrooms a little love. Adding a whole new bathroom to a home brings in a Joy Score of 10! Joy Scores rank [...]
Pumpkins, archives, Chicago, incentives, conservation, AirBnB, skeuomorphisms, and demand. As fun as this looks, we wonder who would have come up with this idea in the first place? Tom Hanks says archives are important. Any questions? liz west/flickr/2012 Speaking of things we already knew, here is another reason to attend the REALTORS® Conference & Expo. [...]
The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department release on Gross Domestic Product (GDP) in the third quarter: “Economic growth of 3% in the third quarter is quite impressive in light of the some pause in activity in hurricane-impacted regions. The big contributors were a solid rise in [...]
By Jessica Santina, guest contributor from MoneyGeek.com As little ghosts and ghouls appear on every corner, how about settling in for a few scary stories of home staging horrors? The following tales of botched staging jobs, homeowners from hell, and nightmarish décor will likely give you some real-life shivers. The Scary Screamer Lori Matzke, owner [...]
NAR released a summary of existing-home sales data showing that housing market activity this September rose modestly 0.7 percent from last month but slipped 1.5 percent from last year. September’s existing home sales reached 5.39 million seasonally adjusted annual rate. The national median existing-home price for all housing types was $245,100 in September, up 4.2 [...]
Are you busy packing for the 2017 REALTORS® Conference & Expo? Here are a few books for your suitcase! Each of these were written by someone who will be speaking as part of the educational bonanza happening in Chicago starting next week. Christian DeKnock, unsplash.com Freakonomics: A Rogue Economist Explores the Hidden Side of Everything, [...]