NAR

California’s five metropolitan areas have become one of the 10 most expensive places for homebuyers. As of the first quarter of 2017, the median home prices for single-family homes are[1]: San Jose-Sunnyvale-Santa Clara, $1.1 million; San Francisco-Oakland-Hayward, $0.85 million; Los Angeles-Long-Beach-Anaheim, $0.49 million; Anaheim-Sta. Ana-Irvine[2], $0.75 million; and San Diego-Carlsbad, $0.564 million. At these level… Continue Reading Who Can Afford to Buy a Home in California?

Despite the slowdown in Chinese economic growth and tighter regulations on outflows of foreign exchange, Chinese foreign buyers remained as the top foreign buyer of U.S. residential property, according to NAR’s recently released 2017 Profile of International Activity in U.S. Residential Real Estate. Chinese buyers accounted for 14 percent of all foreign buyers[1], followed by… Continue Reading Chinese, Canadians, and Mexicans: Top Foreign Buyers in April 2016–March 2017

Commercial prices continue to head up, at least among smaller properties in secondary and tertiary markets. As a result, the typical commercial agent is making $120,800, an 11 percent increase from the previous year, when the median income was $108,500. The income gains come even as agents on average are doing fewer deals, eight as… Continue Reading Typical Commercial Agent Now Makes $120,800

Realtors® have worked for years to make consumers aware of scams targeting real estate transactions. Now, scammers are turning their attention to Realtors® themselves. A recent alert from the Orlando Regional Realtor® Association warns of fraudulent letters from a fake “Florida Real Estate Board.” The letters threaten a Realtors® status as a licensee, demanding $225… Continue Reading Scammers Turn Sights on Realtors®

Americans have been cutting back on vehicle purchases in 2017 after having reached a 17.8 million annualized pace in the fourth quarter of last year. The purchases were running 4% and 6% lower in first and second quarter of 2017, respectively. No great cheer in July either with 16.7 million auto sales. The declines are… Continue Reading Will Falling Auto Sales Lead to Falling Home Sales?

Article Submitted by Fixr.com With warmer weather and longer days, summer is the ideal time of year to take on a project in or around your home. Many contractors and other pros often find this time of year a little slower, as many homeowners are waiting until fall to tackle big interior projects, which means that… Continue Reading 8 Home Projects with a High ROI

Technology, homebuilders, grudges, cosmic movements, home buying, career, and routine. How has technology impacted the home insurance market, and how will it continue to change? A miniature AI uprising? Don’t worry — it was shut down. Visual searching recently received a couple of upgrades. Tesla will have competition from IKEA in the solar panel game.… Continue Reading What We’re Reading: July 31-August 4

Foreign buyers purchased $153 billion of U.S. residential property in April 2016–March 2017[1], an increase from the $102.6 billion of property purchased in the previous 12-month period, according to NAR’s recently released 2017 Profile of International Activity in U.S. Residential Real Estate. Non-resident foreign buyers purchased $78.1 billion of property, while resident foreign buyers purchased… Continue Reading Foreign Buyer Residential Purchases Rose to $153B in April 2016–March 2017

WASHINGTON (August 2, 2017) – Commercial real estate markets continue to improve, with Realtors® specializing in commercial real estate reporting both an increase in member’s gross income and sales volume, according to the National Association of Realtors® 2017 Commercial Member Profile. The annual study's results represent Realtors®, members of NAR, who conduct all or part… Continue Reading Realtors® Report Finds 11 Percent Increase in Commercial Member Income, 19 Percent Increase in Sales Transaction Volume

Existing-home sales dropped 1.8 percent in June from one month prior while new home sales rose 0.8 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… Continue Reading Raw Count of Home Sales (June 2017)