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In a monthly survey of REALTORS®, respondents are asked “In the neighborhood(s) or area(s) where you make the most sales, what are your expectations for residential property prices over the next year?”  Based on the responses of approximately 3,000 REALTORS® who answered this question in the August 2018 REALTORS® Confidence Index Survey, the median expected… Continue Reading REALTORS® Expect Modest Rise in Home Prices, According to NAR August 2018 Survey

Pending home sales fell slightly in August and have now decreased on an annual basis for eight straight months, according to the National Association of Realtors®. The Pending Home Sales Index,  a forward-looking indicator based on contract signings, decreased 1.8 percent to 104.2 in August from 106.1 in July. With last month’s decline, contract signings… Continue Reading Pending Home Sales Dip 1.8 Percent in August

With just six weeks remaining until the 2018 midterm election, today marks National Voter Registration Day in America. This morning, National Association of Realtors® President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, called on America’s 1.3 million Realtors® to ensure they are registered to vote this November. “An… Continue Reading Realtors® Recognize National Voter Registration Day

Based on REALTORS® who reported about their transactions in August 2018, home buying activity slowed compared to the level of activity one year ago, according to the  August 2018 REALTORS® Confidence Index Survey.  The REALTORS® Buyer Traffic Index[1] slid to 57 in August 2018 from 69 one year ago. To be clear, homebuying activity was… Continue Reading REALTORS® Reported Slower Homebuying in Many States in August 2018

By Melissa Dittmann Tracey, REALTOR® Magazine Getting a little mismatchy in kitchen cabinet color designs is no longer being viewed as an unfinished reno job, but instead perfectly stylish in fitting with today’s trends. These “tuxedo kitchens,” as they’re nicknamed, are where the upper cabinets may be in one color—like in all white—and then the… Continue Reading Hot Home Trend: Color Block Your Kitchen Cabinets

NAR released a summary of existing-home sales data showing that housing market activity this August was steady yet flat from last month, and dropped 1.5 percent from last year. August’s existing-home sales maintained a 5.34 million seasonally adjusted annual rate. The national median existing-home price for all housing types was $264,800 in August, up 4.6… Continue Reading August 2018 Existing-Home Sales