The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department report on Q2 GDP: “The second quarter GDP growth rate was still unimpressive despite doubling the pace from the first quarter. The latest 2.6% expansion is still below the long-term historical average of 3.1% and what President Trump had campaigned… Continue Reading Instant Reaction: Q2 GDP
The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Census Bureau report on the homeownership rate in the second quarter: “The homeownership rate rose by a decimal point to 63.7% over the quarter, but there was a more worthy gain of a near full percentage point from one year ago. The… Continue Reading Instant Reaction: Q2 Homeownership Rate
Alexis Craig By Alexis Craig We all want them. We all dream about them. I’m talking about leads coming from our own websites. It’s the Holy Grail of real estate marketing—coveted by many but acquired by few. Internet leads can be more profitable and easier to convert. Instead of running around every day chasing prospects,… Continue Reading 3 Tips to Get Leads From Your Website
• NAR released a summary of existing-home sales data showing that housing market activity this June fell 1.8 percent from last month but improved 0.7 percent from last year. June’s existing home sales reached the 5.52 million seasonally adjusted annual rate. • The national median existing-home price for all housing types was $263,800 in June,… Continue Reading June 2017 Existing-Home Sales
A voice assistant is a voice assistant is a voice assistant…or is it? Here’s a pretty solid roundup of how Siri, Google Assistant, and (new kid on the block) Bixby work and what they’re best at. The Meiuz Pro 7 isn’t the first phone to feature a second screen on the back of the phone,… Continue Reading Siri vs. Google Assistant vs. Bixby, Another Two-Sided Phone, and More in Five for Wednesday
According to a new survey from the National Association of REALTORS®, 71 percent of Americans believe that now is a good time to sell their home. This is an increase from 69 percent last quarter and 61 percent last year. The growing confidence in sellers will hopefully lead to more housing inventory later this year,… Continue Reading Story Idea – Homeowners Are Finally Ready to Sell
Do you scan the paper to find open houses while you are drinking your Sunday coffee? Despite all the changes technology has made in the housing market, the Sunday open house has undoubtedly been a tradition in real estate industry. In fact, it is a tradition that is still alive and growing, as Google search… Continue Reading ‘Open House:’ A Tradition Still Alive and Growing
The S&P CoreLogic Case-Shiller National Index shows that U.S. prices of single-family homes continue to rise. The national index level in May reached a new high and is up 5.6 percent from a year earlier. But what does this mean for homeowners? Home prices affect the wealth of homeowners. As the price of housing increases,… Continue Reading Instant Reaction: May Owners’ Gains Forecast
WASHINGTON (July 24, 2017) — Existing-home sales slipped in June as low supply kept homes selling at a near record pace but ultimately ended up muting overall activity, according to the National Association of Realtors®. Only the Midwest saw an increase in sales last month. Total existing-home sales1, https://www.nar.realtor/topics/existing-home-sales, which are completed transactions that include… Continue Reading Existing-Home Sales Retreat 1.8 Percent in June
The 1.8 percent decline in existing-home sales in June should come as no surprise if you closely follow NAR’s Pending Home Sales Index, which have declined for three straight months. Activity has been weaker lately because prospective buyers continue to struggle overcoming the severely restricted inventory conditions and consequent run-up in home prices. As NAR… Continue Reading An Early Summer Cooldown for Housing