Existing-Home Sales Fell for the Ninth Straight Month and Decline 5.9% in October 2022
October’s existing home sales reached a 4.43 million seasonally adjusted annual rate, declining 28.4% from October 2021. www.nar.realtor – Research
Selling a House During Divorce
Divorce is a civil court procedure that dissolves the bonds of matrimony between two former spouses. During a divorce, courts will divide property, figure out child custody and make decisions about spousal support, among other things. Selling a house during a divorce can become complicated and can be costly. There are many legal issues to… […]
iBuyers: What You Need to Know
If you are selling your home, the idea of using an instant buyer could look attractive. iBuyers are real estate companies that offer cash without many of the usual home-selling delays. An iBuyer can make an offer faster using algorithms to find their price. Closing should also happen faster, with the iBuyer not requiring financing… […]
Builder Confidence Plunges on Rising Interest Rates, Growing Affordability Woes
In a sign that the housing market is now slowing, builder confidence took a steep drop in May, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), released this week. Builder confidence in the market for newly built single-family homes fell eight points to 69 in May, and this… […]
U.S. Home Equity Increases Again in Q2 2022
U.S. homeowners with mortgages (which account for roughly 63% of all properties) saw equity increase by 27.8% year over year, representing a collective gain of $ 3.6 trillion, for an average of $ 60,200 per borrower, since the second quarter of 2021. This is according to the latest Homeowner Equity Report (HER) for the second […]
Existing-Home Sales Slumped 5.9% in October
Fewer homebuyers were able to qualify for a mortgage in October 2022 as mortgage rates climbed higher, with the impact greater in expensive areas of the country and in markets that witnessed significant home price gains in recent years. www.nar.realtor – Research
NAR Names 2023 Leadership Team as Board Approves Changes to Code of Ethics
A series of changes are coming down the pike as the National Association of REALTORS® (NAR) wrapped up its three-day conference in Orlando. As the housing market transitions to a more balanced state, a new slate of officers has been named to NAR’s leadership team following the association’s annual conference, NAR NXT, The REALTOR® Experience.… […]
Create a Team That Increases Your Top and Bottom Lines
When it comes to a business model, two things are always equally important – the top line and the bottom line. The top line is a company’s gross revenues before subtracting operational costs. The bottom line is profits realized after those costs are deducted. The greatest opportunity to scale your real estate business is by… […]
Fighting Seasonal Regression: 6 Ways to Adjust to Less Daylight
The research is clear—losing daylight is the same as losing productivity. A steady march into winter means less sunshine every day, and for everyone except those living in Hawaii and Arizona, last week saw a shift to earlier sunsets and sunrises. As real estate enters its slowest season, how do you defy, or shrug off… […]