VAR launched two Realtor image commercials today. The spots have received great feedback so far. We are testing them first in the Richmond market and hope to continue to air around the state in the near future. One is focused on the Realtor pledge … [Read more...]
94 Percent of REALTORS® Expect Home Prices to Increase in Next 12 Months
With strong buyer demand and tight inventory, REALTORS® were generally upbeat about price trends in the coming months. Approximately 94 percent of REALTORS® who responded to the March REALTORS® Confidence Index (RCI) Survey expected constant or … [Read more...]
Will Millennials Drive House Sales in 2013?
The cover story of last month’s Barron’s Magazine discussed the Millennial generation and the impact they will have on the economy including the housing sector. There have been many contrasting views about this age group and their feelings on whether … [Read more...]
Higher Home Sales with Falling Homeownership Rate
Home buyers have emerged and home sales have been pushed higher. Existing home sales rose by 9 percent in 2012 and are higher still by another 9 percent in 2013 year-to-date. New home sales – always the more cyclical figure – increased 20 percent … [Read more...]
Housing and employment: a chart that makes it clear
We’ve been saying for a long time how important the housing industry is to the economy — how every home sold has a major and positive effect on industries far and wide. Well here’s a great chart that makes that point crystal clear. … [Read more...]
Nothing Else Needs to Be Added
Gallup just released its poll, American Dream of Owning Home Lives On. Their conclusion? “Gallup data on homeownership provide strong support for the idea that the American Dream of owning a home continues to be alive and well. The majority of … [Read more...]
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