SCR News Feed


What We’re Reading: June 18-22

By | June 22nd, 2018|NAR|

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 [...]

Extending the Closing Date

By | June 22nd, 2018|Legal FAQs|

Best practices for extending the closing date in a residential deal on SCR310/300 forms can be read in this article. Because parties sometimes desire to extend the closing date for a variety of reasons and because at the end of that extension when the closing still has not occurred, the parties often argue if the [...]

REALTORS® Confidence Index Survey: May 2018 Highlights

By | June 21st, 2018|NAR|

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 [...]

NAR Statement on Kathy Kraninger Nomination for BCFP Director

By | June 21st, 2018|NAR|

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 [...]

Younger Boomers: Purchased Multi-Generational Homes

By | June 20th, 2018|NAR|

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 Backpedal in May

By | June 20th, 2018|NAR|

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 [...]

Repar Procedure Due Diligence

By | June 20th, 2018|Legal FAQs|

Example: Repair Procedure with 10 business days filled on SCR310 in for buyer inspection date. (Inspection period can be more or less than 10 business days depending on what the buyers and sellers agree upon in SCR310). While some buyers might only order a home inspection to save inspection money, there is a long list [...]

Make the Front Porch a Selling Point

By | June 18th, 2018|NAR|

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 [...]

REALTORS® Expect Home Prices to Increase by 4% in the Next 12 Months

By | June 15th, 2018|NAR|

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 [...]