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
Foreign buyers, typically purchased properties that are more expensive than properties purchased by domestic buyers, according to NAR’s recently released 2017 Profile of International Activity in U.S. Residential Real Estate.[1] Among foreign buyers who purchased property in April 2016–March 2017, the median price was $302,290, which is about 30 percent more than the median[2] purchase… Continue Reading Foreign Buyers Typically Spent 30 Percent More Than Domestic Buyers
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Submitted by TopTenRealEstateDeals.com Photos Contributed by TopTenRealEstateDeals.com As President Obama’s time in office neared its last months in 2016, their future home outside the White House was a frequent guessing game in celebrity real estate media. Most of the rumors were that the Obamas were buying a new family home in Hawaii, Palm Springs, New York… Continue Reading See Inside a Listing Styled by a Former White House Decorator
Street art, costuming, icons, architecture, taxes, housing market, short-term rentals, eclipse, and loopholes. Bansky has a lot going for himself, but whomever is responsible for these is amazing! Costuming is an art, and these were sourced from a favorite Swedish flat packing furniture and textile store. Maria Korolov/flickr/2015 These iconic structures and artwork have their… Continue Reading What We’re Reading: August 7-11