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Half of all members are brokers (47 percent) and a third are sales agents (30 percent). The median gross income for brokers in 2016 was $154,900 compared to sales agents at $81,300. The median annual gross income for all commercial members was $120,800 in 2016, an increase from $108,800 in 2015, but slightly below 2014 [...]
Hurricane Harvey, “resimercial,” solar energy, marketing, art, biometrics, childhood, and Apple rumors. The REALTORS® Relief Foundation is one way of helping victims of the destruction Hurricane Harvey has left in its wake. As good as a beer might sound to dull the stress, Anheuser-Busch is canning something more valuable to hurricane victims at this time. [...]
There is no doubt about it: children are expensive. According to a report from the Department of Agriculture, it costs an average of $233,610, or $13,000 a year, to raise a child from birth to age 17 in the United States. That expense may impact many families’ housing decisions, and so the National Association of [...]
WASHINGTON (August 31, 2017) – Pending homes sales stumbled in July for the fourth time in five months as only the West saw an increase in contract activity, according to the National Association of Realtors®. The Pending Home Sales Index,*www.nar.realtor/topics/pending-home-sales, a forward-looking indicator based on contract signings, decreased 0.8 percent to 109.1 in July from [...]
Existing-home sales and contract signings both stumbled in July as stubbornly low levels hampered the housing market and kept home prices rising at a robust pace. Visit https://www.nar.realtor/videos/housing-minute to watch a 53-second, animated video from the National Association of Realtors® summarizing how the housing market performed in July, as well as a regional breakdown of [...]
One indicator of the strength of homebuying demand is the number of client home tours. REALTORS® reported that, on average, they took about six clients on a home tour in July 2017, up from four clients one year ago, according to NAR’s July 2017 REALTORS® Confidence Index Survey. However, even as more clients went on [...]
Foot traffic, the number of times a property is shown to potential homebuyers, is a strong indicator of housing demand and future home sales. Each month NAR Research publishes a diffusion index for foot traffic, but recent efforts have expanded on this work to create other indexes. NAR Research is likely to continue to exploit [...]
Lee Davenport By Lee Davenport When you need to look something up, what do you do? Many of us will grab our phone, laptop, or computer and do a Google or Bing search. But wait. You just realized that does not work on social media. Now what? Will you have to scroll through zillions of [...]
The following is promotional copy for a Quicken Loans webinar on how real estate professionals can use data mining in their marketing. REALTOR® Magazine is promoting the webinar because it believes the content might be useful to its readers, but it did not participate in creating the webinar. Patrick Chism In one of the most [...]
Selling a home and simultaneously purchasing another property can be agitating. Ideally, the seller of the property will also have found another residence by the time the buyer is moving in, but this may not always happen because of delays in contract settlement.[1] In these cases, a seller may request to enter into a leaseback [...]