Residential Real Estate
Housing Affordability Drops as Mortgage Payments Spike 51% From May 2021
Compared to one year ago, affordability fell in May as the monthly mortgage payment climbed 51% and median family income rose by 4.5%. www.nar.realtor – Research
5 Ways to Market Your Business More Effectively
Repeat clients and referrals are vital, but equally so is reaching new customers to keep your market reach expanding. Here are five ideas to bear in mind when crafting advertisements for your business. Know who you should be marketing to Before you start writing up or commissioning ad copy, think about who you are trying […]
What Will It Take to Close the Racial Homeownership Gap?
Learn about new research on racial homeownership gaps, hear a discussion of policy proposals to close the gap with a panel of experts, and meet the inaugural winners of NAR’s Fair Housing Champion Award. www.nar.realtor – Fair Housing
Helping Clients Navigate Higher Rate Environments
Rising inflation and the Fed reeling back support have led to quickly rising rates. Here’s how you can help clients navigate this new environment. What’s happening in the market? There are three main factors affecting the current market: higher mortgage rates, low inventory and higher prices. Let’s explore these challenges. Higher mortgage rates According to […]
Pending Home Sales Edge Higher 0.7% in May
Pending Home Sales Edge Higher 0.7% in May Pending home sales crept higher in May, ending a six-month streak of declines. However, year-over-year contract activity slid across the U.S. Media Contact: Troy Green 202-383-1042
Instant Reaction: Mortgage Rates, June 30, 2022
The 30-year fixed mortgage rate dropped to 5.7% from 5.81% the previous week. Although rates are significantly higher than last year, they are still historically low, remaining below 6%. www.nar.realtor – Research
Remodeling Your Home, Love Your Home!
According to a new report from NAR, homeowners who complete a remodeling project are more satisfied with their home. www.nar.realtor – Real Estate Story Ideas
Center for REALTOR® Development podcast: Resort and Second-Home Properties
Holly Mabery talks about her own experience working with investment and second home clients in Sedona, AZ. She shares ideas for marketing, building connections with buyers, and highlighting what’s so special about your community. www.nar.realtor – Vacation, Resort, and Second Homes
Home Price Gains Contract Slightly in April
As the housing market shifted under the weight of elevated mortgage rates and inflation in April, the most recent S&P CoreLogic/Case-Shiller Indices show that price growth for single-family homes in the U.S. experienced a mild acceleration. The organization revealed that home prices climbed 20.4% in April, slightly down from March’s 20.6%. All 20 cities saw […]