The NAR Research Group and REALTOR.COM have partnered to conduct an analysis of affordability at different income levels for all active inventory on the market. The result of this analysis, the REALTORS® Affordability Distribution Curve and Score, shows that housing affordability across the United States declined in June compared to a year earlier. The main… Continue Reading Housing Affordability in June 2018
Existing-home sales decreased for the third straight month in June, falling 0.6 percent to 5.38 million sales as declines in the South and West exceeded sales gains in the Northeast and Midwest, according to the National Association of REALTORS®. The ongoing supply and demand imbalance helped push June’s median sales price to a new all-time… Continue Reading Existing-Home Sales Subside 0.6 Percent in June
The REALTORS® Confidence Index (RCI) survey[1] 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 June 2018. View and download the full report here. Market Conditions and Expectations The REALTORS® Buyer… Continue Reading REALTORS® Confidence Index Survey: June 2018 Highlights
What’s your state’s favorite home accessory—centerpiece bowls, trays, throw blankets, vases, or more? Take a look at this chart from a survey conducted by Next Day Blinds to find out. Powered by WPeMatico
Famous houses, cheese, innovation, and science. We can only imagine the inconvenience of tourists to neighbors of this famous house. Here’s the story, of a house in Cali, that for a price you could have for your own. Of course this property closed on Friday the 13th. Odd. We would have guessed pizza’s hay day… Continue Reading What We’re Reading: July 16-20
According to a recent study from the National Association of REALTORS®, a majority of Americans believe that homeownership is good for our nation’s communities. Both homeowners and renters were asked if they feel a high rate of homeownership strengthens a community; 67 percent of those surveyed agreed with the sentiment. NAR President Elizabeth Mendenhall says,… Continue Reading Story Idea: Is Homeownership Good for Our Neighborhoods?
By Rachel Lynch When trying to find a buyer’s dream home, it’s critical to not lose sight of what really matters—and no, I don’t mean an immaculate kitchen. Whether your client is a first-time homebuyer, or a retiree looking to downsize, the state of their new home impacts their health. Unfortunately, even the most beautiful… Continue Reading How to Protect Home Buyers, Owners From Asbestos
Every month NAR produces existing-home sales, median sales prices and inventory figures. The data is released with a one-month lag (so the May data is released in June) and is reported on a seasonally adjusted annualized rate. We also provide a perspective of the market relative to the same month one year ago and relative… Continue Reading A Ten-Year Analysis of the May 2018 Existing-Home Sales Figures
By Melissa Dittmann Tracey, REALTOR® Magazine Home buyers love kitchen islands. It’s become a gathering spot for not just cooking but also eating, working, and socializing. As the island continues to gain stature in kitchens, homeowners are finding ways to spotlight it with contrasting shades or even different countertops to make it the focal point.… Continue Reading The Secret to Kitchen Envy: A Stylish Island
At the national level, housing affordability is down from last month and down from a year ago. Mortgage rates rose to 4.71 percent this May, up 17.5 percent compared to 4.01 percent a year ago. Housing affordability declined from a year ago in May moving the index down 10.2 percent from 157.2 to 141.2. The… Continue Reading May 2018 Housing Affordability Index