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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. [...]
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 [...]
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 [...]
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 [...]
According to the National Association of Realtors®, 40 percent of all homes sold in 2016 sold during the summer months. There are many reasons why summer is the perfect time to sell your home – families are anxious to settle into a home before the school year starts and longer days mean showings can go [...]
NAR released a summary of pending home sales data showing that June’s pending home sales pace is up 1.5 percent from last month and up 0.5 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-home sales [...]
Field Guides are one-stop resource packages on dozens of subjects of interest to REALTORS®. On each page you’ll find links to articles, books, web sites, statistics, and other material on each subject. The list of the most-used field guides from Information Central for the month of July 2017 was released today: Field Guide to Quick Real [...]
WASHINGTON (July 31, 2017) — After declining for three straight months, pending home sales reversed course in June as all major regions, except for the Midwest, 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, climbed 1.5 percent to [...]
In the last five years, San Francisco metropolitan area added 345,700 new jobs, but issued permits for only 20,241 single-family units. Meanwhile, home prices increased by 54 percent[1]. During the same period, Houston created 307,500 new jobs and permitted 173,638 new single-family units. Home prices rose 32 percent in Houston metropolitan area. This example reveals [...]
Homes continued to sell quickly in June, but the lean inventory levels in many markets caused existing-home sales to shift downward. The news was better for pending home sales, as contract activity increased last month for the first time since February. Click on the video above or visit https://www.nar.realtor/videos/housing-minute to watch a 50-second, animated [...]