NAR released a summary of pending home sales data showing that November’s pending home sales pace was up modestly 0.2 percent last month and up slightly 0.8 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… Continue Reading November 2017 Pending Home Sales
The technology industry’s mega event, known as CES, kicks off in Las Vegas this week, and thousands of companies are gearing up to show off their latest innovations. And this year’s trade show promises plenty for the real estate industry as well. This will be my third run covering CES from Las Vegas, and it’s… Continue Reading CES2018: Smart Homes, Robots, and More
By Melissa Dittmann Tracey, REALTOR® Magazine Are homeowners growing tired of the all-white kitchen? Some design experts believe so. White kitchens have been popular over the past few years, but Houzz editor and writer Mitchell Parker predicts that the number of homeowners who will get “white-kitchen fatigue” will grow in the new year. Some homeowners… Continue Reading White Kitchen Fatigue?
Ryan Fitzgerald By Ryan Fitzgerald What are your real estate goals for 2018? Writing them down is a great place to start. For a little inspiration, I decided to ask brokers and agents from all over the country what their goals are for 2018 with three specific questions: How do you set goals? What are… Continue Reading Setting Goals: New Year, New Opportunity
In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “In the neighborhood or area where you make most of your sales, what are your expectations for residential property prices over the next year?” Among the REALTOR® respondents, the median expected price change for the next 12 months was 2.9 percent.… Continue Reading REALTORS® Expect Nearly 3% Home Price Growth in the Next 12 Months
Winter, resolutions, records, strategy, housing, optimism, When it’s cold enough, boiling water does this. And falling water does this. When your pipes freeze, don’t do this. Do this instead. Need to clear snow from your roof? Be safe! Did you resolve to do something new this year? Here’s how to stick to it. Angel Mendoza/flickr/2018… Continue Reading What We’re Reading: January 1-5
NAR released a summary of existing-home sales data showing that housing market activity this November jumped 5.6 percent from last month and rose 3.8 percent from last year. November’s existing-home sales reached 5.81 million seasonally adjusted annual rate. The national median existing-home price for all housing types was $248,000 in November, up 5.8 percent from… Continue Reading November 2017 Existing-Home Sales
A little over a year ago, at the 2016 REALTORS® Conference & Expo, I had the pleasure of hearing Bill Endsley, then secretary general of FIABCI-USA, talk about his organization’s latest publication, The City We Need Is Affordable. FIABCI, the International Real Estate Federation, is an organization of real estate professionals from all over the… Continue Reading What’s a Social-Purpose REIT?
In the monthly REALTORS® Confidence Index (RCI) Survey, the National Association of REALTORS® asks members “What are your expectations for the housing market over the next six months compared to the current state of the market in the neighborhood(s) or area(s) where you conduct most of your business?” According to the Six-month Outlook REALTORS® Confidence… Continue Reading Most REALTORS® Expect “Strong” Market Conditions in the Next Six Months Based on November 2017 Survey
Among first-time buyers who purchased a property through a mortgage in December 2016–November 2017, 61 percent, on average, made a zero to six percent downpayment, according to the November 2017 REALTORS® Confidence Index Survey. The share of first-time buyers who made a zero to six percent downpayment decreased from an average of 70 percent in… Continue Reading 61 Percent of First-time Buyers Made a Low Downpayment in November 2017