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April 2019 Pending Home Sales

By |2019-05-30T15:07:53-05:00May 30th, 2019|NAR|

NAR released a summary of pending home sales data showing that April’s pending home sales pace was down 1.5 percent last month and fell 2.0 percent from a year ago. Pending sales represent homes that have a signed contract to purchase on them but have yet to close. They tend to lead Existing-Home Sales data [...]

Homebuyer Search Price Range is Nearly 20 Percent Below List Price

By |2019-05-28T15:42:20-05:00May 28th, 2019|NAR|

There continues to be a price mismatch between homebuyers and sellers, according to REALTORS® who responded to NAR’s April 2019 REALTORS® Confidence Index Survey. In April 2019, REALTORS® reported that 48 percent of homebuyers were looking for a home at $250,000 or below. However, only 40 percent of the homes that sellers’ agents listed were [...]

4 Moments You Missed at the D.C. Meetings

By |2019-05-28T15:34:09-05:00May 28th, 2019|NAR|

By Jef Conn The 2019 REALTORS® Legislative Meetings & Trade Expo have wrapped up, and if you weren’t able to attend, here’s just a glimpse of what you missed related to YPN. The friendships. When you walk into the YPN Advisory Board meeting at an NAR convention, you’ll notice a significant difference from other committees. [...]

IRS Information on Home Office

By |2019-05-28T10:00:26-05:00May 28th, 2019|Legal FAQs|

https://www.irs.gov/forms-pubs/about-form-8829 Home office deduction benefits eligible small business owners Small business owners may qualify for a home office deduction that will help them save money on their taxes, and benefit their bottom line. Taxpayers can take this deduction if they use a portion of their home exclusively, and on a regular basis, for any of [...]

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Eye-Catching Home Accents That’ll Make All the Difference

By |2019-05-27T04:00:07-05:00May 27th, 2019|NAR|

By Patti Stern, PJ & Company Staging and Interior Decorating You want potential buyers to remember a property from the moment they step though the front door. Think beyond just furnishings and décor and present a lifestyle that they can envision—all through memorable, engaging home accents. Add in Pops of Bold Hues For the gorgeous [...]

Commercial Real Estate Prices Still Trending Up in 2019 Q1

By |2019-05-23T11:27:32-05:00May 23rd, 2019|NAR|

Amid sustained economic expansion and the lowest unemployment rate since 1953, commercial property prices are still broadly trending upwards although at a modest pace compared to past years, according to NAR’s 2019 Q1 Commercial Real Estate Trends and Outlook Report. Sales Activity In the small market (less than $2.5 million deals), commercial property prices rose [...]

Disclosure

By |2019-05-23T11:21:18-05:00May 23rd, 2019|Legal FAQs|

Disclosure issue questions are the biggest risk management question in real estate. A judge or hearing panel is going to look at the total situation's facts, so the answer can vary but a simple answer that can change with certain facts is "disclose known material adverse facts in a reasonable time period and prior to [...]

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What We’re Reading: May 20-May 23

By |2019-05-23T07:51:02-05:00May 23rd, 2019|NAR|

Commemorating D-Day with historic aircraft flights. Increase your productivity with houseplants. OiMax/flickr/2008 Repurposing old buildings into a skate park, a hotel and a restaurant. What is Bill Gates reading? Time for the hand sanitizer, people. The Post Office is testing self-driving mail delivery for two weeks. Buy a house, get a visa, too. Take your [...]

REALTORS® Confidence Index Survey: April 2019 Highlights

By |2019-05-22T15:06:52-05:00May 22nd, 2019|NAR|

The REALTORS® Confidence Index (RCI)[1]  survey 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 April 2019. View and download the full report here. Market Conditions and Expectations The REALTORS® Buyer [...]

D.C. Meetings Showcase YPN’s Incredible Growth

By |2019-05-21T15:31:33-05:00May 21st, 2019|NAR|

By Rob Reuter During the 2019 REALTORS® Legislative Meetings & Trade Expo—where more than 9,000 REALTORS® converged on the nation’s capital—Tuesday, May 14 was YPN day for members involved in the network. It began with the YPN Advisory Board meeting from 1-2:30 p.m. where the 20-member board convened to discuss progress on its goals since [...]