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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 [...]
WASHINGTON (April 4, 2017) – Challenges facing real estate appraisers servicing the Veterans Affairs were under Congress’s microscope this week as the National Association of Realtors® and other industry leaders took to Capitol Hill to hail the continued success of the VA Home Loan Guaranty Program. Michelle Bradley, a state-certified general real property appraiser from [...]
Alexis Craig By Alexis Craig My family hates playing board games with me. I’m really competitive. They like to say, “It’s just for fun,” but I’m not buying any of it. I play to win. That mindset is present in every aspect of my life, especially real estate. I have this obsession with becoming the [...]
It’s no secret that a professional appraisal is key to getting a clear understanding of the home purchase. It’s an important part of ensuring that buyers pay a fair price for their new home, and buyers who utilize the Department of Veterans Affairs’ Home Loan Guaranty Program are no exception. Realtors® took to Capitol Hill [...]
Sales to first-time homebuyers accounted for 32 percent of residential sales in February 2017 (33 percent in January 2017; 30 percent in February 2016), according to the February 2017 REALTORS® Confidence Index Survey Report, a monthly survey of REALTORS® about their sales activity and local market conditions.[1] Sustained job growth and improving incomes along with [...]
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In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “In the neighborhood or area where you make most of your sales, what are your expectations for residential property prices over the next year?” Among REALTORS® who responded to the February 2017 survey, the median expected home price change in the [...]
While total housing inventory continues to fall year-over-year for the last 21 months, more markets are turning into a sellers’ market. Under limited inventory conditions, sellers get more confident. The increased demand exceeds the existing supply, which means that more buyers are seeking to purchase properties than there are available homes on the market. As [...]
Play ball! Baseball is a game of numbers just as much as it is of home runs, stolen bases and strikeouts. To celebrate the unofficial first day of spring, Major League Baseball’s Opening Day, the National Association of Realtors® is serving up a fastball of recent real estate facts that correspond to each of the [...]
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 March 2017 was released today: Field Guide to Quick Real [...]