REALTOR® Magazine recently hosted a live webcast about how reverse mortgages, also known as home equity conversion mortgages (HECMs), can be used to help seniors finance the purchase of a home in addition to their traditional purpose of enabling people to borrow against the equity in a property where they already live. The program took… Continue Reading Webcast Recording: Using a Reverse Mortgage to Buy a Home
Despite (or maybe due to) the solitary nature of real estate, it’s one of those industries that runs best when the lines of communication are open. That’s why you see so many mentor-mentee arrangements and cross-professional relationships. But what if you’re new to the business, or if you don’t know which broker, real estate attorney,… Continue Reading Dream Team
While local conditions vary, the REALTORS®Buyer Traffic Index and the REALTORS® Confidence Index—Current Conditions for single-family homes remained above 50 in January 2017, indicating that more respondents reported “strong” than “weak” conditions, according to the January 2017 REALTORS® Confidence Index Survey Report, a monthly survey of REALTORS® about their sales activity and local market conditions. Both… Continue Reading Highlights of the January 2017 REALTORS® Confidence Index Survey Report
The results are in! NAR surveyed thousands of consumers, real estate agents, and industry professionals on interior and exterior home remodeling projects. The projects listed below are the best exterior remodeling projects that can get you the biggest bang for your buck when it comes time to list on the market. Exterior Remodeling Projects If… Continue Reading Attention Sellers: Remodeling Projects to Increase Your Sales Price – Part 2
Alternative housing, UPS, Facebook Privacy, Lemon Cake, Dirty Cash, Monopoly, and the Oscars. We’ve heard of people living in “tiny houses”, but there are also some out there who’ve found alternative housing. Left-hand turns… are they unsafe and wasteful? UPS thinks so. The habits of these countries may be something you want to learn if… Continue Reading What We’re Reading: February 20-24
WASHINGTON (February 23, 2017) — Steered ahead by strengthening demand in smaller markets, the commercial real estate sector should remain on stable ground in 2017 and offer decent returns for investors, according to the latest National Association of Realtors® quarterly commercial real estate forecast. National office vacancy rates are forecast by Realtors® to retreat 1.1… Continue Reading Stable Growth Expected for Commercial Real Estate in 2017
In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “How do you rate the past month’s buyer/seller traffic in the neighborhood(s) or area(s) where you make most of your sales?” REALTORS®reported strong home buying demand amid tight supply in January 2017, according to the January 2017 REALTORS® Confidence Index Survey Report,… Continue Reading REALTORS® Reported Strong Homebuying Activity in Many States in January 2017
NAR released a summary of existing-home sales data showing that housing market activity this January improved 3.3 percent from last year. January’s Existing-Home Sales reached the 5.69 million seasonally adjusted annual rate and existing-home sales are beginning the year with the fastest pace in nearly ten years. The national median existing-home price for all housing… Continue Reading January 2017 Existing-Home Sales
WASHINGTON (February 22, 2017) — Existing-home sales stepped out to a fast start in 2017, surpassing a recent cyclical high and increasing in January to the fastest pace in almost a decade, according to the National Association of Realtors®. All major regions except for the Midwest saw sales gains last month. Total existing-home sales 1,… Continue Reading Existing-Home Sales Jump in January
Lessons Learned - Case #16-5: Solicitation of Expired Exclusive Listing (Reaffirmed Case #21-11 May, 1988. Transferred to Article 16 November, 1994. Revised April, 1996.) A property was exclusively listed with Realtor® A who advertised it widely and invited cooperation from other Realtors®. The property was not sold during the term of Realtor® A’s listing, although… Continue Reading Lessons Learned – Case #16-5: Solicitation of Expired Exclusive Listing