Student debt has grown significantly in recent years and with it concern over the impacts on first-time homebuyers. However, limited to no attention has been paid to the connection between student debt and constrained supply. A significant share of owners with student debt report that their student debt has or will delay their trade-up purchase.… Continue Reading Student Loan Debt and Inventory
Every month NAR produces existing home sales, median sales prices and inventory figures. The reporting of this data is always based on homes sold the previous month and the data is explained in comparison to the same month a year ago. We also provide a perspective of the market relative to last month, adjusting for… Continue Reading October 2016 EHS Over Ten Years
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 “Did the buyer purchase the property as an investment property?” Investment sales made up 13 percent of sales in October 2016 (14 percent in September 2016; 13… Continue Reading Sales for Investment Purpose: 13 Percent of Residential Sales in October 2016
At the national level, housing affordability is up from a year ago for the fourth consecutive month. Mortgage rates dipped and stood at 3.76 this October but they are already higher for current home shoppers. Housing affordability increased from a year ago in October moving the index up 0.5 percent from 169.4 to 170.2. The… Continue Reading October 2016 Housing Affordability Index
#FlytheW, ceramics, offices, VR, agriculture, dessert, Pantone, bedding, and technology. Just a holiday reminder that the Cubs won the World Series. Nope. It’s cold in our office, but no where near as cold as the recommended office temp in the UK! Joe deSousa/flickr/2015 How does Facebook top the list of tech companies to work? Its… Continue Reading What We’re Reading: December 5-9
By Melissa Dittmann Tracey, REALTOR® Magazine Adding nature, via plants, has always been a popular way to help spruce up a home for sale. But Pantone’s 2017 choice for Color of the Year wants you using the color of nature in a bolder way in the new year. Pantone named Greenery its 2017 Color of… Continue Reading Pantone’s Nature-Inspired Pick for 2017 Color of the Year
WASHINGTON (December 6, 2016) — The homeownership rate in America continues to hover around a 50-year low, but experts gathered for an event in the Washington, D.C. offices of the National Association of Realtors® said today that there are real-world opportunities to turn that trend around. “It’s tough out there right now for buyers, especially… Continue Reading Challenges and Opportunities for Homeownership Take Center Stage at National Association of Realtors®, S&P Global Joint Event
Alexis Craig By Alexis Craig Why are so many digital marketing companies saying that prospecting over the phone is dead, while they try to sell you over a cold call? I don’t care that my mom likes to ignore my calls, prospecting on the phone isn’t dead. It can be an effective sales channel when… Continue Reading Top 3 Mistakes Agents Make on the Phone
WASHINGTON (December 6, 2016) — The homeownership rate in America continues to hover around a 50-year low, but experts gathered for an event in the Washington, D.C. offices of the National Association of Realtors® said today that there are real-world opportunities to turn that trend around. “It’s tough out there right now for buyers, especially… Continue Reading Challenges and Opportunities for Homeownership Take Center State at National Association of Realtors®, S&P Global Joint Event
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