Luxury Market Swells With $1 Million-Plus Sales

The demand for luxury is staggering. According to the latest Luxury Home Index by realtor.com®, $1 million-plus transactions are up 25 percent year-over-year, with the average property snapped up in 105 days—a tightening window. “Continued growth in high-paying jobs and stock market inertia have reignited many luxury markets this year,” says Javier Vivas, director of Economic […]

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Demand Expands to Hot Inland Markets

California’s domination as the hottest housing state is weakening, as other affordable markets trend up, according to the latest ranking by realtor.com®. California dipped out of the top five markets for the first time in six years, with the Bay Area finishing at No. 6. Close to half of the top 20 markets in the […]

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Converting and Closing Online Leads With a Proven System

In the following interview, Todd Hetherington, CEO of CENTURY 21 New Millennium in Alexandria, Va., discusses converting leads from online sources, recruitment and retention, and more. Number of Offices: 18 Number of Agents: 875 Your company, including your agents, have committed to software solutions for converting and closing more customers. What made this a top […]

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Realtor.com: Days on Market and Prices at Records

Amid nationwide shortages in supply, homebuyers in June had more options, but their choices were fast-moving and pricey, according to data from realtor.com®. The average home was listed for a median $299,000 and sold in 54 days—both new realtor.com records. On an annual basis, inventory in June sunk 4 percent, which is a departure from […]

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Buyers should take advantage of mortgage rate decline

Freddie Mac released its latest Primary Mortgage Market Survey results Thursday, which revealed that mortgage rates have dropped 0.2 percentage points.

Home prices rise for the 72nd straight month: Case-Shiller Index

Home prices increased for the average home for the 72nd straight month, according to the latest S&P CoreLogic Case-Shiller National Home Price NSA Index.

Analysis: The Price of a Property Ripe for Summer

With more activities, daylight, outdoor parties and vacations, summer is a precious time of year. Do you have amenities at home that make the most of the season? According to new realtor.com® research, features that scream “summer” can earn homeowners more profit. An outdoor shower, for example, is at a 97 percent price-per-square foot (PPSF) […]

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Fueled by Homebuyers up North, Florida Luxury Markets Sing

There is ceaseless demand for homes in the lowest price tier—but there is also a growing interest in the luxury sector, specifically in the South and West, according to realtor.com® research. As of May, the fastest-growing luxury markets are in the Sunshine State, the research shows. In May, Sarasota County was the No. 1 luxury […]

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Existing-Home Sales Hit a Snag

Existing-home sales in May were snagged by supply, the National Association of REALTORS® (NAR) reports. Activity in May declined 0.4 percent to 5.43 million, down 3 percent from the prior year. Inventory increased 2.8 percent to 1.85 million, but was 6.1 percent lower than the prior year. “Closings were down in a majority of the […]

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US housing starts reach highest level in over a decade

Residential housing starts rose 5 percent in May, the highest rate since June 2007, according to Bloomberg.