SCR News Feed

Consumers across income and education brackets would greatly benefit from increased awareness and financial understanding on downpayment requirements needed to obtain a mortgage. In NAR’s September Housing Opportunities and Market experience (HOME) report, a quarterly index measuring consumer sentiment on the housing market, respondents were asked topical questions regarding downpayments. The report found that 14… Continue Reading Helping Family with A Downpayment For Their Dream Home

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 August 2016… Continue Reading Properties Were Typically on the Market for 36 Days in August 2016

Photo by Westborough Design Center, Inc. – Discover traditional kitchen design ideas   By Melissa Dittmann Tracey, REALTOR(R) Magazine It’s all about that brass. But don’t expect to see that 1980s super shine. Today’s trendy brass is more of an antique brass, which is being used in light fixtures, mirrors, frames, and even furniture trims.… Continue Reading The ‘New’ Brass Is Back in Home Design

Zoning, paper, paper, HP, Halloween, excess, gas, cancer, brick and mortar, bargains, addiction, and the gender wage gap. Housing prices are displacing lower income families in Silicon Valley. Palo Alto’s tight housing market would have been made even tighter if Palo Alto’s Architectural Review Board had decided to approve Zuckerberg’s plans. What will it take… Continue Reading What We’re Reading: September 19-23

While local conditions vary, the REALTORS® buyer traffic and current conditions confidence indices remained above 50 in August 2016, indicating that more local markets were “strong” rather than “weak,” according to the August 2016 REALTORS® Confidence Index Survey Report.[1] The buyer traffic index, an indicator of homebuying interest, stood at about the same level as… Continue Reading Highlights of the August 2016 REALTORS® Confidence Index Survey

It’s common today for real estate brokerages to have systems in place for sending email alerts whenever there’s new or updated listings that customers might be interested in. it’s not new technology, and in fact the technology is arguably ubiquitous in the industry. Now imagine you get hit with a letter demanding you pay a… Continue Reading Maybe you haven’t tangled with a troll, but this patent victory is for you

Overwhelmingly, home buyers have purchased detached single-family homes more than any other type of home in the last 35 years. Since 1981, the Profile of Home Buyers and Sellers has collected data on the types of homes purchased throughout the three-and-a-half decades. Consistently, 74 to 88 percent of home buyers purchased single-family homes each year.… Continue Reading Single-Family Homes Are a Buyer’s Best Friend

In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® (NAR) asks members “How do you rate the past month’s traffic in the neighborhood(s) or area(s) where you make most of your sales?” NAR compiles the responses on buyer traffic into a REALTORS® Buyer Traffic Index and the responses on seller traffic into a… Continue Reading REALTORS® Reported “Weak” Supply Amid “Strong” Demand in August 2016