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Weather, searching, safety, design, technology, nature, demographics, and retail. Did you know we have a terrifying day of tornado outbreaks to thank for our emergency preparedness system? Stop losing things and find that which you’ve misplaced. Search results in Google will soon look a little different. Well this is terrifying. Be safe when you charge [...]
The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics’ report on employment conditions in March: “The soft hiring seen in March is not too concerning and likely a single month aberration. The recent high levels of voluntary quitting, presumably because of better job opportunities elsewhere, will lead [...]
WASHINGTON (April 6, 2017) — Growing consumer interest and demand for greener, more sustainable properties is driving a dialogue between Realtors® and homebuyers and sellers. Over half of Realtors® find that consumers have interest in real estate sustainability issues and practices, according to the National Association of Realtors®’ recent REALTORS® and Sustainability report. The report, stemming [...]
More first-time homebuyers take advantage of a low downpayment loan compared to all homebuyers, according to the February 2017 REALTORS® Confidence Index Survey Report, a monthly survey of REALTORS® about their sales activity and local market conditions.[1] Among all buyers whose transaction closed in February 2017, 62 percent of those who obtained a mortgage made [...]
One of the most important issues facing residential real estate in the coming years has to do with the appraisal profession. Although appraisers are generally satisfied with their work and expect to stay in the profession in the years ahead, the median age of appraisers is close to 55. As a result, a big wave [...]
Recently GO Banking Rates put out some interesting information in their survey on how Americans spend their tax return. This was a very relevant topic because one thing that comes to mind in reference to potential homebuyers is the always-elusive down payment. With a sizable tax refund, the average American would have a decent down [...]
A company in Sweden is having no trouble finding volunteers willing to have a grain-of-rice-sized microchip inserted under the skin that can open locked doors, be used to purchase food from the snack bar, and more. Detractors will most likely say “Hey, my smart phone does that already,” which leads us to… What’s going to [...]
Have you ever experienced the Baader-Meinhof phenomenon? You know, when something keeps popping up that you never noticed before? I’m reminded of it because it strikes me as odd whenever we get the same question more than once, especially in a short period of time, given that our members’ questions are usually so varied. One [...]
NAR recently released 2017 Real Estate in a Digital Age report takes a deeper look at REALTORS® use of digital technology. Real estate agents predominantly communicate with clients using digital means, namely email (94 percent), phone (91 percent), and text messaging (90 percent). The majority of REALTORS® use email, computers, and smartphones daily and 48 [...]
Existing-home sales dropped 3.7 percent in February from one month prior while new home sales increased 6.1 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 [...]