“Clients who see that you are addressing their needs and striving to meet their expectations are calmer. They see your value in motion, which is very rewarding for everyone.”
Steven Diadoo, The Road to Success, Vol. 2
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Q2 2017 After the release of the Housing Price Index for the second quarter of 2017, we updated the median home price per county. Applying the price change in the related metropolitan areas to every county, it seems that, compared to a year earlier, home prices...read more
Every once in awhile, when you’re having a tough time on the job, it’s nice to be reminded why you bothered going into such a crazy field in the first place. Well, reading Tim and Julie Harris’ new book, Harris Rules (Best Seller Publishing, 2017), I found a great...read more
Homeowners who take on remodeling projects gain major benefits – both emotionally and financially - according to the 2017 Remodeling Impact Report from the National Association of Realtors®. Remodeling projects are assigned a Joy Score to rank the of amount of...read more
By Melissa Dittmann Tracey, REALTOR® Magazine It’s pumpkin season and that means pumpkin everything — lattes, muffins, cookies, cakes, and, yes, even home décor. Home stagers are adding a little “pumpkin spice” to their decor, from the welcoming fall scent to pumpkin...read more
2016 Survey of Consumer Finances Takeaway: Income and Wealth Share of 90 Percent of Families Has Declined in Past 27 Years (1989-2016)
The Federal Reserve Board just released the much anticipated 2016 Survey of Consumer Finances (SCF), a survey conducted every three years that collects information about family incomes, their net worth/wealth, and other financial characteristics of families. The...read more
NAR released a summary of pending home sales data showing that August’s pending home sales pace is down 2.6 percent from last month and also down 2.6 percent from a year ago. Pending sales represent homes that have a signed contract to purchase on them but have yet to...read more
Looking for a quick recap of housing activity reported this month by NAR Research? Look no further than September Housing Minute, our animated video series highlighting key data in under one minute. Visit https://www.nar.realtor/videos/housing-minute to watch all...read more
Contract contingencies give the buyer and seller the right to back out of the contract if these conditions (contingencies) are not met. According to a monthly survey of REALTORS®, 91 percent of closed sales in August 2017 had contract settlement contingencies, up from...read more
Safety is a concern in the real estate industry and it’s not limited to female agents. Recent NAR survey data show that a quarter of men in the business carry a gun to protect themselves. The survey is based on a sample of the NAR membership. Almost 49,000 members...read more
Existing-home sales dropped 1.3 percent in July from one month prior while new home sales declined 9.4 percent. These headline figures are seasonally adjusted figures and are reported in the news. However, for everyday practitioners, simple raw counts of home sales...read more
With talk of tax reform heating up on Capitol Hill, the National Association of Realtors® is offering a full-throated defense of tax incentives that promote homeownership. Iona Harrison, chair of NAR’s federal taxation committee, testified before the Senate Finance...read more
At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates increased to 4.14 percent this July, up compared to 3.77 percent a year ago. Housing affordability declined from a year ago in July moving the index down 8.1...read more
Smaller commercial properties in secondary markets are still attracting buyers at good prices, but demand for big-market mega-properties appears to be easing, NAR second-quarter data suggest. Large markets saw a 5 percent annual decline in sales, while smaller markets...read more
Amid strong demand and tight supply, REALTORS® reported that properties that sold in June–August 2017 were typically on the market for less than 31 days in 29 states and in the District of Columbia, according to the August 2017 REALTORS® Confidence Index Survey....read more
Its Unmarried and Single Americans Week according to the U.S. Census. Here is some information about the home buying habits of single men, single women and unmarried couples from the National Association of REALTORS®’ Profile of Home Buyers and Sellers. Single females...read more
By Melissa Dittmann Tracey, REALTOR® Magazine Fire features, like outdoor fire pits and fire tables, are in demand. The National Association of Landscape Professionals calls it one of the hottest landscape trends for the fall, based on a recent survey of 5,000 of its...read more
In a monthly survey of REALTORS®, respondents reported that buyer traffic conditions in August 2017 were stable to very strong compared to conditions one year ago in all states except Delaware, according to the August 2017 REALTORS® Confidence Index Survey....read more
The S&P CoreLogic Case-Shiller National Index shows that U.S. prices of single-family homes continue to rise. The national index level in July reached a new high and is up 5.9 percent from a year earlier. But what does this mean for homeowners? Home prices affect...read more
In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “In the neighborhood or area where you make most of your sales, what are your expectations for residential property prices over the next year?” Home prices have been...read more
An increasing share of foreign buyers are purchasing property in a central city/suburban area, while fewer foreign buyers are purchasing property in a resort area, according to NAR’s recently released 2017 Profile of International Activity in U.S. Residential Real...read more