With house prices increasing across the country, sellers may think they can list their homes at a higher price and adjust if necessary. That may not be a good strategy. This is a post we ran last year by Ken H. Johnson, Ph.D. — Florida International … [Read more...]
Case-Shiller, FHFA Home Price Measures
In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s second update discusses the Case-Shiller and FHFA home price … [Read more...]
New Home Sales
In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses new home sales. New single family home sales rose 2.3% to … [Read more...]
Inventory news, good and bad
Good news: May inventory is up 16.9 percent for the year, which is a good, solid number. (See the explanation below.) Bad news: Inventory is still 14.3 percent lower than last May nationwide. Inventory typically follows a cycle, increasing through … [Read more...]
Connect to clients with… hang gliding?
Instead of sending yet another refrigerator magnet, why not take your clients hang gliding? That’s exactly the kind of thing some Realtors are doing as a way to bond with their clients in a way that’s memorable. Extremely memorable. … [Read more...]
Median Days on the Market Down to 41 Days in May
Tight inventory has led to shorter time on the market. The median days on the market fell to 41 days in May (46 in April). Short-sales had the longest days on market at 79 days (73 days in April) while foreclosed properties were on the market for 43 … [Read more...]
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