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Technology, architecture, and food. Finally, the only barrier between us and owning a yacht has been resolved. The Rustbelt is finding new purpose. Keep Portland Weird or Keep Portland Safe? Meh, you can have both. Darren Stone/flickr/2011 No wonder it’s such a happy place — no mosquitoes! Now you don’t have to travel to Arizona [...]
The REALTORS® Confidence Index (RCI) survey[1] gathers monthly information from REALTORS® about local real estate market conditions, characteristics of buyers and sellers, and issues affecting homeownership and real estate transactions.[2] This report presents key results about market transactions from May 2018. View and download the full report here. Market Conditions and Expectations The REALTORS® Buyer [...]
National Association of Realtors® President Elizabeth Mendenhall released the following statement regarding President Trump’s nomination of Kathy Kraninger as the next director of the Bureau of Consumer Financial Protection: “In addition to working at the Office of Management and Budget alongside Bureau of Consumer Financial Protection Acting Director Mick Mulvaney, Kathy Kraninger has decades of [...]
The median sales price of all existing homes sold rose to its highest level in May 2018, to $264,800. This peak price exceeds the housing bubble peak of $230,400 in July 2006. The median sales price of existing homes sold has been trending up (on a year-on-year basis) in the past 75 months since March [...]
Younger Boomers, buyers aged 53 to 62 years, made up 18 percent of all home buyers in 2017. The median age for this group was 58 years old and they were born between 1955 and 1964. This age group was the most likely to purchase a multi-generational home at 20 percent. Their reasons for purchasing [...]
Existing-home sales fell back in May for the second straight month; sales fell 0.4 percent to seasonally adjusted annual rate of 5.43 million in May from a downwardly revised 5.45 million in April. Lawrence Yun, NAR chief economist, says a solid economy and job market should be generating a much stronger sales pace than what has [...]
By Melissa Dittmann Tracey, REALTOR® Magazine The front porch is making a comeback. And more builders are adding them back into new home designs. The front porch was once a mainstay in home designs in the early 1900s. But over the years it has gotten swapped out for those street-facing garages. Also, homeowners sought more [...]
In a monthly survey of REALTORS®, respondents are asked “In the neighborhood(s) or area(s) where you make the most sales, what are your expectations for residential property prices over the next year?” Among the respondents, the median expected price change is four percent. The chart below shows median expected price change by state based on [...]
Perfect gift for Father’s Day, Route 66 Attractions, MPR Raccoon, Value of Your Home, World Cup 2018, Poison Ivy, Vitamin D, Pele’s Hair, Cybersecurity mistake, . Still looking for that perfect gift for Father’s Day? Is Father’s Day still a big deal in your family? Route 66 attractions – stores and restaurants you should plan [...]
In recent years, baby boomers have been active in the housing market, coming in at a close second to millennials as the largest generation of home buyers, while home prices have remained high and inventory conditions tightened. The National Association of Realtors®’ 2018 Profile of Home Buyer and Seller Generational Trends identified that baby boomers are now [...]