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Home buyer demographics change slightly from year to year due to macroeconomic forces from the health of the economy to inflation to the global trade on oil prices. The National Association of REALTORS® recently released its 2016 Profile of Home Buyers and Sellers report and the trend of purchasing up in home size has continued… Continue Reading 2016 Home Buying Trend: Purchasing Larger Homes Continues

This week, in Five for Wednesday: If even just a few of these predictions for 2017 are accurate, next year will be pretty exciting, tech-wise. Google WiFi (which uses multiple routers to create a mesh network for your home or business’s WiFI) is getting great reviews. Here are two, from The Verge and CNET. While… Continue Reading Tech Trends for 2017, Google WiFi Reviews, Goodbye Pebble, Detroit’s “Agrihood,” & More Disappearing Headphone Jacks

When the temperature drops and words like “icy conditions” and “blizzard” start appearing in the weather forecast, keeping a house warm and cozy becomes even more important and even more difficult. There are several things homeowners can do to prepare their home for the cold ahead of time. Winterizing pipes, especially those in areas that… Continue Reading Story Ideas: Protect Your Home From the Cold

In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members the characteristics of the most recent sale that closed in the reference month, including “Was the buyer a first-time buyer?” The share of first-time home buyers accounted for 33 percent of residential sales in October 2016 (34 percent in September 2016;… Continue Reading First-time Homebuyers: 33 Percent of Residential Sales in October 2016

Since 1997, the Profile of Home Buyers and Sellers has collected data on the sources of buyers’ downpayment for when they purchase a home. This year, 88 percent of all buyers financed their home and 98 percent of buyers ages 18 through 44 financed the home. All buyers financed a median of 90 percent of… Continue Reading The Sources of Downpayments Among Different Buyer Types

In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “For the last house that you closed in the past month, how long was it on the market from listing time to the time the seller accepted the buyer’s offer?” Properties stayed on the market for fewer days in October 2016… Continue Reading Properties Were Typically on the Market for 41 Days in October 2016

WASHINGTON (December 5, 2016) – In response to the announcement of Dr. Ben Carson as President-Elect Donald J. Trump’s selection for Secretary of Housing and Urban Development, NAR President William E. Brown issued the following statement: “Realtors® know that the incoming Secretary of Housing and Urban Development has a big job ahead. Potential homebuyers face… Continue Reading National Association of Realtors® Congratulates Dr. Ben Carson, Nominee for Secretary of Housing and Urban Development

Either way you look at it, buyers know that commuting costs are high. Some buyers need to be closer to their job while others need to be closer to school districts. The National Association of REALTORS® released its 2016 Profile of Home Buyers and Sellers report to understand the trends of buyers and sellers. One… Continue Reading How Commuting Costs Factor Into Home Buying