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Contract contingencies give the buyer and seller the right to back out of the contract if these conditions (contingencies) are not met. According to a monthly survey of REALTORS®, 91 percent of closed sales in August 2017 had contract settlement contingencies, up from 60 percent in December 2012, according to the August 2017 REALTORS® Confidence… Continue Reading 91 Percent of Closed Sales in August 2017 Had Contract Settlement Contingencies

WASHINGTON (September 28, 2017) — Homeowners who take on remodeling projects gain not only equity and more resale value in their home, they are also more likely to find satisfaction and enjoyment from their home, according to a new report from the National Association of Realtors®, with insights from the National Association of the Remodeling… Continue Reading Homeowners Who Remodel Gain Equity and Enjoyment, Say Realtors®

Looking for a quick recap of housing activity reported this month by NAR Research? Look no further than September Housing Minute, our animated video series highlighting key data in under one minute. Visit https://www.nar.realtor/videos/housing-minute to watch all Housing Minute videos since June. Powered by WPeMatico

NAR released a summary of pending home sales data showing that August’s pending home sales pace is down 2.6 percent from last month and also down 2.6 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… Continue Reading August 2017 Pending Home Sales

WASHINGTON (September 27, 2017) – A group of legislators and administration leaders known as the “Big 6” today released an outline for comprehensive tax reform that if enacted, according to the National Association of Realtors®, could lead to a tax on homeownership for millions. According to the Big 6’s framework for tax reform, changes to… Continue Reading Millions of Middle-Income Homeowners Stand to Lose Under “Big 6” Tax Proposal

Pending home sales sank in August for the fifth time in six months, and slower activity in the areas hit hard by Hurricanes Harvey and Irma will likely pull existing sales for the year below the pace set in 2016, according to the National Association of Realtors®. The Pending Home Sales Index,*www.nar.realtor/topics/pending-home-sales, a forward-looking indicator… Continue Reading Pending Home Sales Fall 2.6 Percent in August; 2017 Forecast Downgraded

James Vasquez By James Vasquez I successfully flip houses full-time; but I didn’t become a real estate professional seven years ago to start flipping houses. One of the main reasons I became a flipper early on in my career is because it gave me a huge leg up on my competitors. Also, like many young,… Continue Reading How House Flipping Can Catapult Your Real Estate Business

Blame supply and affordability headwinds and Hurricane Harvey damage in Houston for August’s 2.6 percent decline in pending home sales. In the video below, I chat with NAR Chief Economist Lawrence Yun about why sales have stalled in recent months, why he’s now expecting 2017 sales to come up short of 2016, and what impact… Continue Reading NAR 2017 Home Sales Forecast Downgraded

The S&P CoreLogic Case-Shiller National Index shows that U.S. prices of single-family homes continue to rise. The national index level in July reached a new high and is up 5.9 percent from a year earlier.  But what does this mean for homeowners? Home prices affect the wealth of homeowners. As the price of housing increases,… Continue Reading Instant Reaction: July Owners’ Gains Forecast

WASHINGTON (September 25, 2017) — Existing-homes sales have retreated in four of the past five months, but new survey findings from the National Association of Realtors® indicate it is not because of a lack of confidence from consumers about buying and selling a home, or based on their views about the direction of the economy… Continue Reading HOME Survey: Economic and Financial Outlook, Attitudes About Home Buying and Selling on the Rise