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In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “For the last house that you closed in the past month, how long was it on the market from listing time to the time the seller accepted the buyer’s offer?” Properties that sold in December 2016–February 2017 were typically on the [...]
The S&P CoreLogic Case-Shiller National Index shows that U.S. prices of single-family homes continue to rise. The national index level in January reached a new high and is up 5.9 percent from a year earlier. But what does this mean for homeowners? Home prices affect the wealth of homeowners. As the price of housing increases, [...]
By Lee Davenport In the film Transformers, I love how Bumble Bee and the other Autobots come to the aid of humans in style (a yellow Camaro with racing stripes and whatnot). Well, bots are not just for the movies. As a real estate pro, you probably understand the need to connect with potential leads [...]
Refinancing soared in 2015 and 2016 as rates fell, while burgeoning home sales pushed over the five million sales mark and the TRID regulation was implemented. In this environment, anecdotes of delayed closing, difficulties getting appraisals and even “rush” fees for quick turn-around appraisals began to percolate. Is this a short-term problem or something more? [...]
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 February 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.[1] The REALTORS® Seller Traffic [...]
By Melissa Dittmann Tracey, REALTOR® Magazine A home with a mix of chrome, nickel, brass, and bronze fixtures may prompt some home buyers to pause. But such mismatches are actually on trend. (Good news to those remodelers who may not have gotten around quite yet to updating all of those fixtures to the same color!) [...]
In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “How do you rate the past month’s buyer/seller traffic in the neighborhood(s) or area(s) where you make most of your sales?” REALTORS®reported strong home buying demand amid tight supply in February 2017, according to the February 2017 REALTORS® Confidence Index Survey Report, [...]
Brandon Doyle By Brandon Doyle Tapping into the investor real estate business is a common goal among agents and brokers. While buying and selling residential property on behalf of individuals and families in search of their next home is typically an agent’s bread-and-butter, working with investor clients can open up a whole new stream of [...]
NAR released a summary of existing-home sales data showing that housing market activity this February is down 3.7 percent from last month but improved 5.4 percent from last year. February’s existing-home sales reached the 5.48 million seasonally adjusted annual rate. The national median existing-home price for all housing types was $228,400 in February, up 7.7 [...]
Seasons, sales, happiness, moguls, intimidation, sales, signing bonus, and scams. Do you recall Spring being warmer than it ever actually is? Us too. What can you learn about sales from a fifteen year old? A lot. Did you celebrate International Day of Happiness? It’s never too late to be happy! Moyan Brenn/flickr/2014 David Rockefeller passed [...]