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There are few financial achievements and personal accomplishments greater than owning a home. It’s where memories are born and families establish their roots. In celebration of National Homeownership Month, NAR and America’s 1.2 million Realtors® will be touting the endless wealth and personal benefits of being a homeowner. The timely discussion kicked off today here in [...]
June 1st marks the official start of hurricane season, with the National Oceanic and Atmospheric Administration already warning of an “above average” year in 2017. NOAA forecasters currently predict “a 45 percent chance of an above-normal season, a 35 percent chance of a near-normal season, and only a 20 percent chance of a below-normal season.” [...]
NAR released a summary of pending home sales data showing that April’s pending home sales pace is down 1.3 percent from last month and are down 3.3 percent from a year ago. Pending sales are homes that have a signed contract to purchase on them but have yet to close. They tend to lead Existing [...]
While local conditions vary, the REALTORS® Buyer Traffic Index and the REALTORS® Confidence Index—Current Conditions for single-family homes, townhomes, and condominiums remained above 50 in April 2017, indicating that more respondents reported “strong” than “weak” conditions. Both indices were higher than their levels one year ago and in the previous month, except the condominium index [...]
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 May 2017 was released today: Field Guide to Quick Real [...]
WASHINGTON (May 31, 2017) — Pending home sales in April slumped for the second consecutive month and were down year-over-year nationally and in all four major regions, according to the National Association of Realtors®. Only the West saw an increase in contract signings last month. The Pending Home Sales Index,* www.nar.realtor/topics/pending-home-sales, a forward-looking indicator [...]
A long piece, but worth your time: seven out of ten smartphone apps share information with third-party services. If that freaks you out, the article links to an Android app (oh, irony) to help you understand what’s being shared about you. If you’re interested in the fight to protect net neutrality and think the CEO [...]
Written by Anne-Marie Siudzinski Think shipping containers are strictly for moving cargo? Think again. Shipping containers are being used in a variety of unexpected ways—emergency shelters, pools, medical clinics, office and retail buildings, hotels, and pop-up restaurants. It doesn’t stop there, either. Now all kinds of housing are being constructed from shipping containers because they [...]
NAR released a summary of existing-home sales data showing that housing market activity this April slid 2.3 percent from last month but modestly improved 1.6 percent from last year. April’s existing-home sales reached the 5.57 million seasonally adjusted annual rate. The national median existing-home price for all housing types was $244,800 in April, up 6.0 [...]
The “double-whammy” of severely inadequate inventory conditions and home prices far outpacing incomes caused contract signings to slide last month. I sat down with NAR Chief Economist Lawrence Yun to discuss the reasoning behind the pending sales slowdown, what to expect going forward and if GDP will accelerate as the temperature heats up. Watch the [...]