With today’s 30-year, fixed-rate mortgages averaging a bit less than 3.5 percent, people can afford much more of a house than ever before. (And I mean that — ever. These are the lowest mortgage rates in US history.)(I also speak from … [Read more...]
MID on the table? Tell Congress to take it off
The House of Representatives has been talking a lot about avoiding the fiscal cliff by reducing or eliminating tax deductions, and you know what’s going to be high on the list: the mortgage interest deduction. That’s why NAR has put out a … [Read more...]
Long-term home prices do more than track inflation
One thing I’ve written several times is the idea that, over the long haul, house prices haven’t changed all that much since the early 1900s once they’ve been adjusted for inflation. A result of this is (I said) that housing prices … [Read more...]
Jobless Claims
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 jobless claims. Initial claims for unemployment insurance … [Read more...]
Foot Traffic: Toledo NORIS Association of REALTORS® (OH)
Foot traffic can provide great insight into the direction of future home sales. SentriLock, LLC. provides NAR Research with monthly data on the number of showings. Foot traffic in the area covered by the Toledo NORIS Association of REALTORS® (OH) has … [Read more...]
Look Forward to Maximize Your Opportunities
For Agents’ Eyes Only… Each Thursday we post a blog to help real estate professionals understand how they can better assist their buyers and sellers navigate the current real estate market. Today, we want to discuss business planning for next year. – … [Read more...]
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