Summary: Despite strong gains in 2015, sluggish construction persists Supply constraints are wide spread Prices are likely to continue to rise in markets with inadequate supply in relation to job creation While the homeownership rate tumbled in the wake of the great recession and millions of owners shifted to rentership, the total population and… Continue Reading Construction Gap Improves, but Remains Wide
Photo courtesy of Laura AnnDiaz of Laura Diaz’s Photography and Mandie Maguire, Berkshire Hathaway Home Services By Melissa Dittmann Tracey, REALTOR® Magazine Herringbone is emerging as the pattern of choice in 2016. Herringbone is the arrangement of rectangles that is so named for its resemblance to the bones of fish. This pattern is popping up… Continue Reading Home Design Trends to Watch: The Herringbone Pattern
Layover, communication, flying fish, investing, tiny home, canines, higher ed, marketing, human response, walking, iPhones, and reading. At least this guy would have plenty of time to make his connecting flight! Poor communication could be holding you back from being a great leader. How well do you communicate with others? This gives new meaning to… Continue Reading What We’re Reading: September 12-16
In many communities around the country, wildfire represents a serious threat to homes and other property. But Congress is currently considering legislation that addresses this concern, the “Resilient Federal Forests Act of 2015.” The bill aims to improve forest health and protect federal forests from wildfire through a number of measures. These include allowing for… Continue Reading Realtors® Show Support for Legislation Addressing Wildfire
Although millennials made up the largest share of recent buyers, homeownership rates for adults under 35 are still at the lowest levels seen in decades. However, this is not a result of young adults not wanting to own a home. In fact, according to the National Association of REALTORS® Profile of Home Buyers and Sellers, 84… Continue Reading Story Idea: Millennials – Where Should They Buy?
WASHINGTON (September 14, 2016) – Lofty home-price growth and tight supply are leading to softening confidence among renters about whether it’s a good time to buy a home, according to the latest installment of the National Association of Realtors® Housing Opportunities and Market Experience (HOME) survey1. The survey also found that a misconception about how… Continue Reading Affordability Concerns, Uncertainty about Down Payment Requirements Ensnaring Renters, Latest HOME Survey Shows
Whatever you just spent $50 on isn’t going to make you feel as good as spending $50 on Amazon’s Echo Dot. We’ve got no horse in this race other than trying to make your life more awesome. Trust us on this; go buy one. How do you know if a self-driving car sees you? One… Continue Reading Remarkable Technology For A Ridiculously Low Price, Cars That Smile At You, And More In Five For Wednesday
Repeat after me: you don’t necessarily need a 20 percent down payment to purchase a home. In the 35 year history of NAR’s Profile of Home Buyers and Sellers – the longest-running survey series of national housing data – the average median down payment has been 5 percent for first-time buyers. Yet, when asked in… Continue Reading The Myth of the 20 Percent Down Payment. What You Should Know.
I attended a safety seminar at the National Association of REALTORS® building in Chicago on Monday, expecting to hear the same old thing: pay attention to your surroundings, keep your head out of your phone, watch people’s microexpressions, yadda yadda yadda. But self-defense instructor Joe Rosner actually made some interesting points that aren’t necessarily groundbreaking… Continue Reading 5 Safety Tips When an Attack Is Imminent
NAR Research produces a series of Local Market Reports (LMRs) which provide insights into the fundamentals and direction of the nation’s largest metropolitan housing markets. Each report evaluates a number of factors affecting home prices, including: The health of the local job market Foreclosure rates Housing inventory Debt-to-income and mortgage-servicing-costs-to-income ratios The reports for… Continue Reading Market Snapshot: Second Quarter 2016