“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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Chuck Reed The United States has a housing shortage. That’s why home prices are rising faster than what many people can afford. But in California, the housing shortage is a crisis. Many people want to live and work in the state, but developers have little incentive to...read more
Approximately 60 percent of homebuyers financed their home using a 6 percent – or less – down payment, according to data from the National Association of REALTORS®. With the most recent median existing-home price clocking in at $258,300, a 6 percent down payment is...read more
Football fans around the country will be gathering in front of a TV this week to catch their favorite team in action for the first time this season. To celebrate the start of the journey to Super Bowl LII, the National Association of Realtors® is throwing an accurate...read more
A week ago we introduced a new measure of foot traffic, the foot traffic volume index. This week we provide an update on the August trend in traffic. Foot traffic rose on a seasonally adjusted basis for the second consecutive month suggesting an end to the downward...read more
NAR released a summary of pending home sales data showing that July’s pending home sales pace is down 0.8 percent from last month and also down 1.3 percent from a year ago. Pending sales represent homes that have a signed contract to purchase on them but have yet to...read more
By Phil Karp, guest contributor Photo provided by Phil Karp It’s no secret that a properly staged home can sell faster than an empty one. But how far do you need to go to inspire the “chocolate chip cookie effect,” where a buyer walks in the front door and immediately...read more
Below is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce report on July housing starts: “The housing shortage in America will intensify if new construction remains as lackluster as it was in July. The softening multifamily housing starts...read more
To many real estate pros, home staging has gone from a luxury to a necessity. The National Association of REALTORS® found in a recent survey that sixty-two percent of sellers’ agents believe staging a home decreases the amount of time a home spends on the market, and...read more
Submitted by TopTenRealEstateDeals.com Photos Contributed by TopTenRealEstateDeals.com As President Obama’s time in office neared its last months in 2016, their future home outside the White House was a frequent guessing game in celebrity real estate media. Most of...read more
Buying and moving into a new home always comes with stress, but moving with children can add completely different sets of needs and hassles. The National Association of REALTORS®’ 2017 Moving With Kids Report explores the unique experience of homebuying with kids....read more
It came very apparent when looking at NAR’s Pending Home Sales Index that tight inventory conditions were weighing down on contract activity this spring and early summer. The three month decline in pending sales from March to May has now translated to July being the...read more
Florida, Texas, and California: Top State Destinations Among Foreign Buyers in April 2016–March 2017
Five states accounted for slightly more than half of all foreign buyers who purchased U.S. residential property in April 2016–March 2017: Florida (22 percent), Texas (12 percent), California (12 percent), New Jersey (four percent) and Arizona (four percent), according...read more
Every once in a while, we like to look at what made The New York Times’ best seller list for the business category. And what do you know? When I went to check the list for this month, I found one with the real estate industry at the center, taking up the number one...read more
Realtors® have worked for years to make consumers aware of scams targeting real estate transactions. Now, scammers are turning their attention to Realtors® themselves. A recent alert from the Orlando Regional Realtor® Association warns of fraudulent letters from a...read more
The following is NAR Managing Director of Housing and Commercial Research George Ratiu’s reaction to this morning’s U.S. Bureau of Labor Statistics release on the July employment situation: “The employment report showed solid gains in July, with 209,000 net new...read more
Foreign buyers purchased $153 billion of U.S. residential property in April 2016–March 2017, an increase from the $102.6 billion of property purchased in the previous 12-month period, according to NAR’s recently released 2017 Profile of International Activity in...read more
Article Submitted by Fixr.com With warmer weather and longer days, summer is the ideal time of year to take on a project in or around your home. Many contractors and other pros often find this time of year a little slower, as many homeowners are waiting until fall to...read more
Americans have been cutting back on vehicle purchases in 2017 after having reached a 17.8 million annualized pace in the fourth quarter of last year. The purchases were running 4% and 6% lower in first and second quarter of 2017, respectively. No great cheer in July...read more
Commercial prices continue to head up, at least among smaller properties in secondary and tertiary markets. As a result, the typical commercial agent is making $120,800, an 11 percent increase from the previous year, when the median income was $108,500. The income...read more
Despite the slowdown in Chinese economic growth and tighter regulations on outflows of foreign exchange, Chinese foreign buyers remained as the top foreign buyer of U.S. residential property, according to NAR’s recently released 2017 Profile of International Activity...read more