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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 December reached a new high and is up 5.8 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, [...]
The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s S&P/Case-Shiller index national home-price index reading for December: “Rising mortgage rates should not be boosting home prices, yet home values accelerated with a 5.8% annual gain in December (according to the S&P/Case-Shiller home price measurement). Price gains had been a tad lower in the [...]
WASHINGTON (February 27, 2017) — Insufficient supply levels led to a lull in contract activity in the Midwest and West, which dragged down pending home sales in January to their lowest level in a year, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, decreased [...]
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 January 2017 survey, the median expected home price change in the [...]
NAR released a summary of pending home sales data showing that January’s pending home sales dipped 2.8 percent from last month but are modestly up 0.4 percent from a year ago. As prices continue to rise, affordability is becoming an issue for some potential homebuyers and fewer housing options have contributed to fewer contracts signed [...]
By Patti Stern, PJ & Company Staging and Interior Decorating It’s hard to believe the early spring selling season is already upon us! This means that homeowners who haven’t prepared their homes to list now should implement some of the following PJ & Co go-to styling tips if they want to get their listing noticed [...]
REALTOR® Magazine recently hosted a live webcast about how reverse mortgages, also known as home equity conversion mortgages (HECMs), can be used to help seniors finance the purchase of a home in addition to their traditional purpose of enabling people to borrow against the equity in a property where they already live. The program took [...]
Despite (or maybe due to) the solitary nature of real estate, it’s one of those industries that runs best when the lines of communication are open. That’s why you see so many mentor-mentee arrangements and cross-professional relationships. But what if you’re new to the business, or if you don’t know which broker, real estate attorney, [...]
While local conditions vary, the REALTORS®Buyer Traffic Index and the REALTORS® Confidence Index—Current Conditions for single-family homes remained above 50 in January 2017, indicating that more respondents reported “strong” than “weak” conditions, according to the January 2017 REALTORS® Confidence Index Survey Report, a monthly survey of REALTORS® about their sales activity and local market conditions. Both [...]
The results are in! NAR surveyed thousands of consumers, real estate agents, and industry professionals on interior and exterior home remodeling projects. The projects listed below are the best exterior remodeling projects that can get you the biggest bang for your buck when it comes time to list on the market. Exterior Remodeling Projects If [...]