NAR

Employment conditions remain broadly positive as of April 2019, with 2.6 million jobs created from one year ago (April 2019 State Employment Monitor).  Wages are broadly rising faster than inflation in all industries, except for manufacturing and transportation and warehousing.  Employment is also shifting across industries, with an increasing fraction of jobs in health care,… Continue Reading Workforce Home Affordability as of April 2019

NAR released a summary of pending home sales data showing that April’s pending home sales pace was down 1.5 percent last month and fell 2.0 percent from a year ago. Pending sales represent homes that have a signed contract to purchase on them but have yet to close. They tend to lead Existing-Home Sales data… Continue Reading April 2019 Pending Home Sales

There continues to be a price mismatch between homebuyers and sellers, according to REALTORS® who responded to NAR’s April 2019 REALTORS® Confidence Index Survey. In April 2019, REALTORS® reported that 48 percent of homebuyers were looking for a home at $250,000 or below. However, only 40 percent of the homes that sellers’ agents listed were… Continue Reading Homebuyer Search Price Range is Nearly 20 Percent Below List Price

By Jef Conn The 2019 REALTORS® Legislative Meetings & Trade Expo have wrapped up, and if you weren’t able to attend, here’s just a glimpse of what you missed related to YPN. The friendships. When you walk into the YPN Advisory Board meeting at an NAR convention, you’ll notice a significant difference from other committees.… Continue Reading 4 Moments You Missed at the D.C. Meetings

By Patti Stern, PJ & Company Staging and Interior Decorating You want potential buyers to remember a property from the moment they step though the front door. Think beyond just furnishings and décor and present a lifestyle that they can envision—all through memorable, engaging home accents. Add in Pops of Bold Hues For the gorgeous… Continue Reading Eye-Catching Home Accents That’ll Make All the Difference

Amid sustained economic expansion and the lowest unemployment rate since 1953, commercial property prices are still broadly trending upwards although at a modest pace compared to past years, according to NAR’s 2019 Q1 Commercial Real Estate Trends and Outlook Report. Sales Activity In the small market (less than $2.5 million deals), commercial property prices rose… Continue Reading Commercial Real Estate Prices Still Trending Up in 2019 Q1

Commemorating D-Day with historic aircraft flights. Increase your productivity with houseplants. OiMax/flickr/2008 Repurposing old buildings into a skate park, a hotel and a restaurant. What is Bill Gates reading? Time for the hand sanitizer, people. The Post Office is testing self-driving mail delivery for two weeks. Buy a house, get a visa, too. Take your… Continue Reading What We’re Reading: May 20-May 23

The REALTORS® Confidence Index (RCI)[1]  survey gathers monthly information from REALTORS® about local real estate market conditions, characteristics of buyers and sellers, and issues affecting homeownership and real estate transactions.[2] This report presents key results about market transactions from April 2019. View and download the full report here. Market Conditions and Expectations The REALTORS® Buyer… Continue Reading REALTORS® Confidence Index Survey: April 2019 Highlights

By Rob Reuter During the 2019 REALTORS® Legislative Meetings & Trade Expo—where more than 9,000 REALTORS® converged on the nation’s capital—Tuesday, May 14 was YPN day for members involved in the network. It began with the YPN Advisory Board meeting from 1-2:30 p.m. where the 20-member board convened to discuss progress on its goals since… Continue Reading D.C. Meetings Showcase YPN’s Incredible Growth

NAR released a summary of existing-home sales data showing that housing market activity this April, modestly fell 0.4 percent from March 2019. April’s sales of existing homes dropped 4.4 percent from April 2018. April’s existing-home sales reached a 5.19 million seasonally adjusted annual rate. The national median existing-home price for all housing types was $267,300… Continue Reading