Existing-Home Sales Rally
Existing-home sales in February rallied, bouncing back from a slog at the start of the year, the National Association of REALTORS® (NAR) reports. Sales increased 3 percent to 5.54 million, marking a 1.1 percent increase from one year prior. Inventory increased, as well, 4.6 percent to 1.59 million, but remained 8.1 percent lower than one […]
Buyers Confronting ‘Perfect Storm’: Trulia
First-time homebuyers are in for it this spring, with an all but depleted inventory at their price point, according to the Q1 2018 Inventory and Price Watch from Trulia. Their challenges, however, are more than scarcity. “First-time homebuyers face a perfect storm this spring,” says Cheryl Young, senior economist at Trulia. “Affordable, move-in ready starter […]
Fed Hikes Rates—How Many More Are to Come?
The Federal Reserve carried out its first hike of 2018 on Wednesday, increasing interest rates one-quarter percentage point and leaving open the possibility of more raises this year. The action was anticipated by the market, which has been on a robust—and, at times, rollercoaster—run. “In view of realized and expected labor market conditions and inflation, […]
Exactly How Big Is the Military Market?
The following information is provided by the Center for REALTOR® Development (CRD). Current and former military are a huge demographic segment in the U.S. According to the most recent Demographics Report (2015) from Military OneSource, prepared for the U.S. Department of Defense (DoD) across active duty and reserve populations, there are 2.1 million military personnel. […]
Take Your Branding up a Notch
NAR PULSE—Take your firm’s branding to the next level by claiming your .realtor™ web address. Use a .realtor™ to build your online presence with a domain that is unique and industry-specific. Don’t wait; stake your claim today. New Video Series Keeps More Money in Your Pocket Tax deductions made simple: Intuit®’s new video series for […]
Build Your Brand by Being a Better Person
In the following interview, Mark Fields, president of CENTURY 21 Mark Fields and Associates in Asheville, N.C., discusses branding, culture, luxury marketing, and more. Region Served: Asheville, N.C., and surrounding areas Years in Real Estate: 40+ Number of Offices: 1 Number of Agents: 10 Favorite Way to Communicate With Clients: Face-to-face. A lot of communication […]
Fannie: Economy to Roar on Stimulus
The economy is expected to grow at a full-bodied pace for the year, and boosted further by the stimulus, according to Fannie Mae’s Economic & Strategic Research (ESR) Group’s recently released Economic and Housing Outlook for March 2018. Analysts at Fannie forecast GDP growth at 2.8 percent, barring consumers reining in their spending, the impact […]
Transacting Business in the Age of Wire Fraud
This month’s National Association of REALTORS® (NAR) Power Broker Roundtable discusses fraud and security strategies. Moderator Christina Pappas, District Sales Manager, The Keyes Company, Miami, Fla.; Liaison for Large Firms & Industry Relations, NAR Panelists Michael Volin, Vice President-Legal, Title Resource Group (TRG), a Realogy Company, Camden, N.J. Joan Docktor, President, Berkshire Hathaway HomeServices Fox […]
Housing Starts Soften
February’s home-building receded, with housing starts softening 7 percent and totaling 1.24 million, according to the latest data from the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). Notably, single-family starts increased 2.9 percent to 902,000. Multifamily starts (five units or more) came in at 317,000. The decline is a departure […]
Appraisals Better Check Out With Owner Perceptions
Appraisals are better checking out with what owners perceive, just 0.53 percent below what was expected by homeowners, according to the February Quicken Loans National Home Price Perception Index (HPPI). The Quicken Loans National Home Value Index (HVI) shows appraised values rose 6.37 percent year-over-year. Appraisals continue to fall short of owner expectations; however, the […]
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