While The National Flood Insurance Program’s (NFIP) authority to write flood insurance expires at the end of next month, NAR conducted an analysis to estimate the impact of NFIP lapses on home sales. Based on the latest available data, NAR has put together an estimate of the number of home sale closings that will be… Continue Reading How Lapses of the National Flood Insurance Program Affect Home Sales
An increasing share of foreign buyers[1] are purchasing property in a central city/suburban area, while fewer foreign buyers are purchasing property in a resort area, according to NAR’s recently released 2017 Profile of International Activity in U.S. Residential Real Estate. The percentage of foreign buyers purchasing property in a resort area has declined, while only… Continue Reading More Foreign Buyers Purchased in Cities/Suburbs Than in Resort Areas
Policy, pricing, eclipse, the future, driving, wellness, and success. “Two Pizza Rule?” Sounds like a recipe for productivity to us! Graffiti doesn’t always have this impact on property value, but this street art is certainly making a mark on prices. Speaking of house prices, this one didn’t sell, so they…raised the price? The eclipse is… Continue Reading What We’re Reading: August 14-18
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At the national level, housing affordability is down from last month and down from a year ago. Mortgage rates increased to 4.14 percent this June, up compared to 3.84 percent a year ago. Housing affordability declined from a year ago in June moving the index down 7.3 percent from 155.8 to 144.5. The median sales… Continue Reading June 2017 Housing Affordability Index
To many real estate pros, home staging has gone from a luxury to a necessity. The National Association of REALTORS® found in a recent survey that sixty-two percent of sellers’ agents believe staging a home decreases the amount of time a home spends on the market, and a third say it increases the selling price.… Continue Reading Staging: More Money, Fewer Days on Market, Report Shows
WASHINGTON (August 16, 2017) — The headstrong supply and demand imbalances in much of the country slightly tempered the pace of sales and caused home prices to maintain their robust growth in the second quarter, according to the latest quarterly report by the National Association of Realtors®. The national median existing single-family home price in… Continue Reading Home Prices Jump 6.2 Percent in Second Quarter; Eclipse 2016 High
Nico Hohman By Nico Hohman I am a 28-year-old broker-owner of my own independent real estate company, and I am running for a position on the board of directors for my local association, the Greater Tampa REALTORS®. The association has been around for more than 100 years and is over 10,000 members strong. It has been adding… Continue Reading Why I’m Running for the Board
Below is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce report on July housing starts: “The housing shortage in America will intensify if new construction remains as lackluster as it was in July. The softening multifamily housing starts brought down the overall new housing unit addition to the second lowest monthly activity this year.… Continue Reading Instant Reaction: July Housing Starts
Real estate professionals looking to outsell their competition are turning to 3-D and virtual reality technology to help them win listings, connect with home buyers —and close sales. Among the options is an all-in-one media solution from Matterport that enables agents and brokers to create dynamic 3-D house tours with embedded video and audio, immersive virtual reality… Continue Reading Sponsor Post and Webinar: Win Listings and Sell Them Quickly with 3-D and VR Technology