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Study: Housing Market Underperforming by 6.5%

SANTA ANA, Calif. – Nov 19, 2018 – The First American Potential Home Sales Model for the month of October 2018 finds that the housing market is underperforming by 6.5 percent due largely to the lack of inventory. “The primary culprit for the housing market’s performance gap remains severe supply shortages – homebuyers can’t buy […]

Study Shows That Higher Interest Rates Aren’t Stopping Millennials

Study: Higher interest rates don’t stop millennial buyers PLEASANTON, Calif. – Nov. 16, 2018 – Millennial homebuyers continued to close purchase loans in September 2018, despite interest rates rising to the highest point in the year, according to the latest Ellie Mae Millennial Tracker. Interest rates on all loans rose to 4.87 percent in September, […]

Realtors’ role in property valuations and appraisals

BOSTON – Nov. 6, 2018 – At the 2018 Appraisal Forum – held during the 2018 Realtors® Conference & Expo in Boston – a panel of experts focused on proper communication and cooperation approaches for agents and appraisers. The event began with a panel conversation between Lynn Madison, owner of Madison Seminars in Schaumburg, Illinois; John […]

NAR: Do Homes Near Marijuana Dispensaries Go Up In Value?

BOSTON – Nov. 7, 2018 – Nearly 10 percent of Realtors® reported an increase in property values located near marijuana dispensaries, according to a new report discussing the impact of marijuana legalization on residential and commercial real estate. The National Association of Realtors (NAR) released the report, “Marijuana and Real Estate: A Budding Issue,” during the […]

National Association of Realtors: 3rd Quarter U.S. Home Prices up 4.8%, Sales Down 2.6%

WASHINGTON – Nov. 1, 2018 – Low inventory levels of moderately priced homes continued to stifle home sales, even as it maintained the trend of increasing metro market prices, according to the latest quarterly report by the National Association of Realtors® (NAR). The national median existing single-family home price in the third quarter was $266,900, up […]

Florida.’s Home Sales, Median Prices, New Listings up in 3rd Quarter

ORLANDO, Fla. – Nov. 1, 2018 – Florida’s housing market had more sales, higher median prices, more pending sales and more new listings in 3Q 2018, according to the latest housing data released by Florida Realtors®. Closed sales of single-family homes statewide totaled 72,843 in 3Q 2018, up 7.5 percent from the 3Q 2017 figure. […]

Listing a Haunted House? Millennials Won’t Care

unsplash-logoNathan Wright SANTA CLARA, Calif. – Oct. 30, 2018 – released its annual Haunted Real Estate Report and calls the 2018 findings “spookier than one might expect.” The report found that one in three people – especially millennials – were willing to take a chance on a haunted home if there was something to […]

NAR Buyer/Seller Study: Women a Force, First-Timers Struggle

WASHINGTON – Oct. 29, 2018 – Single female buyers continue to be a powerful force in the market, while low inventory, rising interest rates and increasing home prices hold back first-time buyers despite their high interest in buying a home. The just-released National Association of Realtors®‘ (NAR) 2018 Profile of Home Buyers and Sellers also identifies numerous […]

Is Florida Looking at a Renter Crisis if Amendment 2 Fails?

TALLAHASSEE, Fla. – Oct. 9, 2018 – Vote by mail (Absentee) ballots have been mailed for the 2018 general election, which means Florida is just over a month away from choosing a new governor, a new cabinet, new congressional representatives and a host of other elected officials. It also means Floridians will soon be considering a […]