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In 1981, 22 percent of home buyers relied on advertisements in the newspaper to find their dream home, while 8 percent turned to a friend for word-of-mouth information. Since then, lots has changed. According to recent survey data from the National Association of Realtors®, nearly half of buyers headed to the internet as the first [...]
Below is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce report of a June rebound in housing starts: “Though a recovery in housing starts in June is welcome news, more consistent gains are needed to help rebalance the housing market. The latest 1.22 million in total housing starts is still well below [...]
WASHINGTON (July 18, 2017) – Fueled by a substantial increase in sales dollar volume from Canadian buyers, foreign investment in U.S. residential real estate skyrocketed to a new high, as transactions grew in each of the top five countries where buyers originated. This is according to an annual survey of residential purchases from international buyers [...]
Reports of delayed appraisals and rising appraisal costs flourished in 2016. In this article, we try to shed light on potential paths the industry might take moving forward given trends in demographics, training, and automation. This analysis suggests that while industry constraints may improve in the short-run, the long-term constraints are significant. Furthermore, neither expanded [...]
At the national level, housing affordability is down from last month and down from a year ago. Mortgage rates increased to 4.01 percent this May, up compared to 3.83 percent a year ago. Housing affordability declined from a year ago in May moving the index down 5.4 percent from 161.8 to 153.0. The median sales [...]
By Melissa Dittmann Tracey, REALTOR® Magazine Two-toned colored kitchens are gaining popularity this year. White and gray painted cabinets are dominating kitchen color schemes, according to the 2017 Kitchen & Bath Design Trends survey conducted by the National Kitchen and Bath Association. Photo by Rebecca Hay Designs – Look for kitchen pictures Particularly gray-toned kitchen [...]
We can all agree that the American Dream of homeownership is a sentiment that Americans have held for generations. It is to no surprise that the vast majority of people see owning a home as the best way to invest their money. Yet, affordability concerns continue to loom in consumer’s minds as home prices steadily [...]
Commercial real estate finds itself at the intersection of major global changes. Activity has remained moderate in the world’s economies, with further monetary easing continuing on several continents, according to the Expectations & Market Realities in Real Estate 2017: Intersection of Global Change report, released by Deloitte, the National Association of REALTORS®, and Situs RERC. [...]
Affordable housing, heat, technology, property management, engineering, and architecture. New tech campus plans include housing, of which 15 percent will be affordable housing. This new geothermal system from Google’s Alphabet is a bargain compared to conventional systems. Check out how interactive technology is changing traditional spaces. Do you know what a spirit level is? Did [...]
Matterport, a virtual reality company, contributed to this post to let agents and brokers know about a free e-book on using virtual reality in real estate that it’s making available. Top real estate agents and brokers agree—virtual reality is the future of real estate. With incredible ease and accessibility, home buyers can have the immersive experience [...]