Home Prices Still on an Upturn

Home prices are still on an upturn, up 5.3 percent in the fourth quarter of 2017, according to the latest quarterly report by the National Association of REALTORS® (NAR). “A majority of the country saw an upswing in buyer interest at the end of last year, which ultimately ended up putting even more strain on […]

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Buyers Entering the Market Solo Struggle

Accumulating a down payment is a struggle—and even more so for singles, according to a new report. Singles are facing more than 10 years of saving, assuming they make a 20 percent down payment on a median-priced property, an analysis by Zillow reveals. Conversely, couples can do it in half the time: 4.6 years. In […]

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Buyers Caught in Deadlock: NAR

Buying a home is a mark of the American Dream—but even though the desire exists, realizing it is a struggle, according to the Aspiring Home Buyers Profile recently released by the National Association of REALTORS® (NAR). Homebuyers are hopeful, however. Demand is ever-increasing, and, of aspiring homeowners, the majority do want to own. In 2017, […]

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The Power of Home

New Story Builds Shelter and Second Chances When two of New Story’s four co-founders took a mission trip to Haiti in 2013, they were shocked to find how many families were still living in tents after the devastating 2010 earthquake. What was supposed to be a temporary shelter built to last six months had turned […]

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Pending Home Sales Edge Up

Pending home sales edged up in December, 0.5 percent in the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI). The PHSI posted 110.1 in December, up from 109.6 in November. The Index is based on contract signings. Two of the four major regions in the U.S. saw increases in the PHSI in December, […]

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Hot in Housing: The Bay Area Rules

The Bay Area—chiefly San Francisco, San Jose and Vallejo—is on a hot streak, with no pointers to a slowdown this year, according to data newly released from realtor.com®. In January, homes in the San Francisco-Oakland-Hayward metropolitan area lasted a median 39 days on-market; in the San Jose-Sunnyvale-Santa-Clara metro, a median 33 days; and in the […]

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Assessing the State of the Housing Union

In 2018, the challenge for the housing industry will be balancing bursting demand with a severe shortage of supply, according to realtor.com®’s State of the Housing Union, released in-step with the U.S. State of the Union this week. As with 2017, first-time buyers will have the hardest time, with little in their price point. “The […]

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Existing-Home Sales: A Dim End to a Bright Year

Existing-home sales in December dimmed, but, for the year, were at a record not seen in 11 years, the National Association of REALTORS® (NAR) reports. Existing-home sales in December totaled 5.57 million, a 3.6 percent decrease from November, but a 1.1 percent increase from one year prior. Inventory decreased 11.4 percent to 1.48 million, 10.3 […]

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Economic Forecast Hinges on Policy, Tax Reform

The economy could get a lift from tax reform, with homebuyers and homeowners likely having more income, but less in the way of write-offs, according to Fannie Mae’s Economic & Strategic Research (ESR) Group’s recently released Economic and Housing Outlook for January 2018. Analysts believe housing will again be marked by short supply this year. […]

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Disaster Protocol: Is Your Company Prepared for the Worst?

This month’s National Association of REALTORS® (NAR) Power Broker Roundtable discusses broker disaster/emergency policies and procedures. Moderator Christina Pappas, District Sales Manager, The Keyes Company, Miami, Fla.; Liaison for Large Firms & Industry Relations, NAR Panelists Rick Haase, President, Latter & Blum, Inc., REALTORS®, New Orleans, La.   Marnie Goldschlag, Co-Owner, NextHome Wine Country Premier, […]

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