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Foreign buyers purchased $121.0 billion of existing homes from April 2017—March 2018, a 21 percent decline from the past period’s level, according to NAR’s recently released 2018 Profile of International Activity in U.S. Residential Real Estate.[1],[2] Foreign buyers accounted for eight percent of the $1.6 trillion existing home sales during the same period, a decrease… Continue Reading Foreign Buyer Residential Purchases Decline to $121 B, According to NAR 2018 International Survey

NAR released a summary of existing-home sales data showing that housing market activity this June fell for the third straight month down 0.6 percent from last month, and dropped 2.2 percent from last year. June’s existing-home sales reached 5.38 million seasonally adjusted annual rate. The national median existing-home price for all housing types was $276,900… Continue Reading June 2018 Existing-Home Sales

National Association of Realtors® President Elizabeth Mendenhall released the following statement after today’s U.S. House vote on legislation extending flood insurance funding: “Flooding is the most common and costly natural disaster in the United States. Without an extension of authority, the National Flood Insurance Program cannot write or renew flood insurance in 22,000 communities nationwide. The bill passed by… Continue Reading Realtors® statement on House vote to extend flood insurance

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