Amid strong demand and tight supply, REALTORS® reported that properties that sold in April 2018 were typically on the market for 26 days, down from 29 days compared to the same month last year, according to the April 2018 REALTORS® Confidence Index Survey.[1] The median days on market have been broadly on a downtrend since… Continue Reading In Which States Did Properties Sell Most Quickly in April 2018?
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Home stagers: Amy Burke & Katie Miedler, real estate pros and owners of Ambiance Decorators LLC The home: A single-family home located in Upper Montclair in Essex County, N.J. The home was staged by Amy and Katie, and sold for 107 percent of the asking price at $1,073,575. Amy and Katie sought to stage the home… Continue Reading Staged to Sell: This Staged Home Sold for 107% Above Asking Price
At recent 2018 law firm training events, a law firm stated that they have received reports of real estate licensees facing discipline at the SC LLR Appraisers Board for "unauthorized practice of appraisal" arising when county tax assessors report real estate licensees for providing BPO/CMA/similar documents to property owners and property owners use these documents… Continue Reading Unauthorized Practice of Appraisal (The Price is Right)
Office dynamics, new land, and technology. Office meetings are inevitable, but they can be better. Do you find balance in your office friendships, or do you find yourself in awkward situations? You’re not going to get along with everyone you work with all the time, but you need to know how to move on from… Continue Reading What We’re Reading: June 4-8
In a monthly survey of REALTORS®, respondents are asked “Compared to the same month last year, how would you rate the past month’s traffic in neighborhood(s) or area(s) where you make most of your sales?” Respondents rate seller traffic as “Stronger” (100), “Stable” (50), or “Weaker” (0) and the responses are compiled into a diffusion… Continue Reading REALTORS® Report Continued Lack of Homes for Sale in April 2018
Samantha Jones By Samantha Jones Every year, Uncle Sam comes calling like clockwork in the spring. In the midst of our crazy spring market no less, and then comes the sticker shock. The inevitable cringing at how much I spent to run my business last year. At the end of the day, we are small… Continue Reading Caveat Emptor: Lessons Learned from Tax Season
Earlier this month, Wesley Shaw was introduced as NAR’s media manager of advocacy issues. Wesley will focus on advancing NAR’s public policy agenda through communications that benefit and inform consumers, Realtors, and government officials from across the country. He will also coordinate with media who cover legislative and regulatory developments that affect the housing industry.… Continue Reading NAR Welcomes Wesley Shaw to Advocacy Communications Team
The economy is quite strong. Job gains for 91 consecutive months have brought the unemployment rate to its lowest level since the year 2000. The latest unemployment rate of 3.8% in May corresponds to 155 million Americans with jobs and only 6.1 million without one and still searching. A very rare event is occurring in… Continue Reading No Breakout in Home Sales Despite Good Economy
In a monthly survey of REALTORS®, respondents are asked “Compared to the same month last year, how would you rate the past month’s traffic in neighborhood(s) or area(s) where you make most of your sales?” Respondents rate buyer traffic as “Stronger” (100), “Stable” (50), or “Weaker” (0) and the responses are compiled into a diffusion… Continue Reading Strong Employment Growth Continues to Underpin Homebuyer Demand in April 2018