Home Prices Surge on Strong Buying Season

Home prices continue on at a clip, surging 6.2 percent in the second quarter of 2017, according to the latest quarterly report by the National Association of REALTORS® (NAR). The pace outdoes the previous peak observed in the third quarter of 2016. “The 2.2 million net new jobs created over the past year generated significant […]

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Gap Slims Between Low- and High-Income Homeownership Rate

Individuals with low incomes have historically struggled to become homeowners, cut off from the opportunity to not only build wealth through equity, but also establish an appreciating, long-term asset. New research now shows the homeownership rate in the lowest income tier is catching up to that of high-earners, edging closer since the onset of the […]

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Are Relocation Professionals Robot-Proof?

Ever wonder how artificial intelligence would affect the corporate relocation industry? Could robots ever take over? Clearly, there is expanding reliance on technology applications, especially to track and report data and manage administration processes. But among the tech tools, many corporate programs feature personalized consultation that Relocation Management Company (RMC) counselors provide to assignees throughout […]

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July Jobs Report Signals Riper Conditions for Housing

The U.S. economy added 209,000 jobs in July, the Labor Department recently reported, flouting expectations and signaling riper conditions for the housing market. The unemployment rate retreated to 4.3 percent, a low, and hourly wages on average went up 0.3 percent to $26.36. “[July’s] strong jobs report showed some good news,” says Danielle Hale, chief […]

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Putting New Pins on the Map

Berkshire Hathaway HomeServices Continues to Reach New Markets Berkshire Hathaway HomeServices launched as a network in late 2013—the new home for most Prudential Real Estate franchisees and other brokerages looking for a fresh, distinctive brand. The network has matured nicely in four years, growing to nearly 44,000 agents with a compelling value proposition that continues […]

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Sustainability: How NAR Is Responding to Growing Interest

When you hear the term “sustainable real estate,” what topics come to mind? Perhaps your first thoughts are environmentally-friendly properties, or creating walkable communities, or using fewer resources in your real estate practice. Each of these topics, and many more, fall under the umbrella of sustainability. Regardless of how you think about sustainability as a […]

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Marriage Equality and Its Impact on Real Estate

It has been a bit more than two years since Jim Obergefell, a former Coldwell Banker West Shell agent in Cincinnati who has since moved to Washington, D.C., won his landmark Supreme Court case, Obergefell v. Hodges, that made marriage equality the law of the land. Those of us in the National Association of Gay […]

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Pending Home Sales Return to Form

Pending home sales returned to form in June after three straight months of backward traction, up 1.5 percent in the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI). The PHSI posted 110.2 in June, up from 108.6 in May. The Index is based on contract signings. “The first half of 2017 ended with […]

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Beyond the Bottom? Homeownership Rate Creeps Back Up

The homeownership rate crept up close to a full percentage point from one year ago to 63.7 percent in the second quarter, encouraged by more owner household formation, according to the U.S. Census Bureau’s recent Quarterly Housing Vacancies and Homeownership report. The owner household formation rate overtook the renter household formation rate in the first […]

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Renter Household Explosion Fueled From All Sides

More households in America are headed by renters now than at any other time in the last 50 years, with owner household formation toppled by renter household formation in the past 10, according to a recent analysis of Census Bureau data by the Pew Research Center. Owner households dialed back from 76.1 million in 2006 […]

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