WASHINGTON (October 20, 2016) — Existing-home sales rebounded strongly in September and were propelled by sales from first-time buyers reaching a 34 percent share, which is a high not seen in over four years, according to the National Association of Realtors®. All major regions saw an increase in closings last month, and distressed sales fell… Continue Reading First-time Buyers Steer Existing-Home Sales Higher in September
This is the second paper of a two-part series on blockchains. Unlike the first paper which focused on technical aspects, this paper looks at applications used in the real industry and how they might use blockchains. Many other industries are looking seriously at blockchain technology, and so should our industry. Here’s a brief example, explored… Continue Reading Blockchains in Real Estate – Part 2
The last time sales to first-time buyers were as high as they were in September (34 percent), the number one song on the Billboard Hot 100 was “Call Me Maybe” by Carly Rae Jepson. That was back in June 2012. It’s apparent in today’s release of September existing-home sales that many prospective first-time buyers were… Continue Reading First-time Buyers Experience a Revival in September
This week marked the deadline for comments on the Consumer Financial Protection Bureau’s proposed fixes for the ‘Know Before You Owe Rule,’ and National Association of Realtors® President Tom Salomone weighed in to highlight Realtors®’ concerns. In a letter to CFPB Director Richard Cordray, Salomone said that Realtors® are focused on third-party access to the closing… Continue Reading NAR Weighs In On ‘Know Before You Owe’ Fixes
Real simple, but real cool: leave a sticky note on a web site and it will be there when you return. It’s super easy to remove them too. If you’re the kind of person who has way too many browser tabs open, this might help you remember what’s important on all those pages. From the… Continue Reading A New Sticky Note Chrome Extension, A New Smart Home Checklist, and More in Five for Wednesday
According to Science Journal, the internet took over multichannel global communications almost instantaneously, transmitting one percent of information in 1993, 51 percent by 2000, and 97 percent by 2007.[1] The internet’s prominence in the real estate industry has a similar progression. The National Association of REALTORS® has tracked home buyers and sellers’ use of the… Continue Reading Internet & Real Estate Agents: Some Things Change, Others Remain the Same
WASHINGTON (October 18, 2016) – When the first Profile of Home Buyers and Sellers was introduced 35 years ago by the National Association of Realtors®, mortgage rates were over four times higher than they are today and first-time buyers made up a much larger share of overall sales (44 percent). Over time, homebuyer tastes and… Continue Reading Five Notable Nuggets from NAR’s Home Buyer and Sellers Survey’s 35-Year History
Brandon Doyle By Brandon Doyle When it comes to pioneering a successful real estate business, the power of the open house is not to be underestimated. On one front, staging an open house appeases the seller and stirs up potential buyers. Beyond that, an open house is also a rare marketing opportunity where you and… Continue Reading 3 Surefire Ways to Make Your Open House Stand Out
This is the first post of a two-part series of papers on blockchains. Blockchains got a bad rap due to digital currency (Bitcoin), but can actually be quite useful in the real estate industry. They are simply another way to manage data. The first paper describes the technical difference between blockchains and traditional data management… Continue Reading Blockchains in Real Estate – Part 1
A couple of weeks ago, we asked our readers for their scariest experiences in the field, and the horrifying stories poured in. We ran a few of the most frightening, but we can’t get enough. Halloween is one of our favorite holidays, and to stay in the “spirit” as long as we can, we’ve decided… Continue Reading True Tales of Terror in Real Estate Part 2: The House Cleansed Itself of Its Evil Mojo