WASHINGTON (February 27, 2017) — Insufficient supply levels led to a lull in contract activity in the Midwest and West, which dragged down pending home sales in January to their lowest level in a year, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, decreased… Continue Reading Pending Home Sales Weaken in January
In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “In the neighborhood or area where you make most of your sales, what are your expectations for residential property prices over the next year?” Among REALTORS® who responded to the January 2017 survey, the median expected home price change in the… Continue Reading REALTORS®’ Expected Home Price Change in 2017 By State
NAR released a summary of pending home sales data showing that January’s pending home sales dipped 2.8 percent from last month but are modestly up 0.4 percent from a year ago. As prices continue to rise, affordability is becoming an issue for some potential homebuyers and fewer housing options have contributed to fewer contracts signed… Continue Reading January 2017 Pending Home Sales
By Patti Stern, PJ & Company Staging and Interior Decorating It’s hard to believe the early spring selling season is already upon us! This means that homeowners who haven’t prepared their homes to list now should implement some of the following PJ & Co go-to styling tips if they want to get their listing noticed… Continue Reading The Essentials to Styling Your Home to Sell Quickly
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