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On Wednesday, the National Association of Realtors® released a new research report, Choosing a Career in Real Estate: A Perspective on Gender, Race and Ethnicity. The report was developed to discover how and why Realtors® chose real estate as a career and to examine gender, race and ethnicity in real estate. According to the report, [...]
Existing-home sales dropped 1.7 percent in August from one month prior while new home sales declined 3.5 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 income [...]
Manhattan traffic. Four-season weather. Tests of self-driving cars are about to get really real. If you’re the kind of phone owner who cares about the camera on your phone more than any of its other features, you’ll like reading this Battle of the iPhone 8 vs. Pixel 2 cameras. Got some smart home tech and [...]
The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department release on September housing starts: “The one month fall in new home construction, especially in the South region in light of Hurricane recovery, is understandable. What is frustrating and hard to comprehend is the drop in total permits in the [...]
At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates increased to 4.19 percent this August, up compared to 3.74 percent a year ago. Housing affordability declined from a year ago in August moving the index down 8.4 percent from 163.7 to 149.9. The median sales [...]
Amid improving macroeconomic conditions, residential lending continued to increase in 2016, based on the recently released 2016 Home Mortgage Disclosure Act (HMDA) data. [1] [2] The number of first-lien loan originations for the purchase of one-to-four unit properties intended for owner occupancy rose to 3.46 million in 2016, a 10 percent increase from 3.12 million [...]
Photo credit: Blinds.com By Katie Laird, guest contributor When staging a home for an open house, you can transform a space from an unimpressive, run-of-the-mill property to one with a “wow” factor. But without a little extra attention to detail, even the most professionally staged homes can leave something to be desired. Don’t let staging [...]
Famous locations, social media addiction, financial education, cleaning, energy, pets, internet shopping, names, security, and nail houses. Shut up and take our money. Ugh, look at those crowds! We’d close it off, too. How addicted are you to the “bright dings of social pleasure?” Recently dubbed Nobel Laureate, Richard Thaler, has a bleak outlook on [...]
The following References have recently been updated in the Library: Arbitration & Dispute Resolution Traditionally, real estate industry disputes rely on negotiation for solutions. If negotiation fails, litigation is often initiated. Mediation involves the skillful intervention of a third-party professional to help resolve disputes that arise between two or more parties. Arbitration, a form of [...]
Lee Davenport By Lee Davenport I’ve seen it before: accounts are blocked, business drys up, and worse yet, a job is lost, fines are imposed, or licenses are revoked—all from a social media post. That’s a mess…a hot mess. It’s no secret that social media can grow your business—or destroy it. Keep social media from [...]