Margaret Thatcher had many wonderful, short and powerful quips including the oft-said: “Socialism works … until the money runs out.” The Soviet Union and the whole of Eastern Europe disintegrated precisely as the money ran out. The promised pensions … [Read more...]
Latest 2013 Economic and Housing Outlook
Each month, as part of the pending home sales release, the latest 2013 Economic and Housing Outlook from NAR Chief Economist Lawrence Yun is also posted. The forecast document looks at economic indicators such as existing home sales, new home sales, … [Read more...]
Reminder: April 20-21 is Nationwide Open House Weekend
Yes, that’s right — once again, Realtors across the country will be holding open houses to kick off the spring selling season. Mark your calendars and tell your clients: Saturday and Sunday, April 20 and 21. What’s in it for you? A chance to take … [Read more...]
Governor announces $1 million to provide housing for 19 homeless families
To help fight homelessness in Virginia, Governor Bob McDonnell has announced three grants that will create 19 new housing units for homeless and disabled people. The grants (which come from a “special funding allocation” of the … [Read more...]
Investment Buyers in 2012
The sales price for investment properties rose for the second consecutive year. The share of investment buyers who paid all cash for their home purchase remained steady from 2011 at 49 percent. Investors in 2012 remained active in buying distressed … [Read more...]
Important post-licensing changes
This is a reminder — but an important one — about post-licensing curriculum changes. (It will mostly affect new real estate licensees, but brokers need to remember it.) The PL curriculum is changing from three tracks (residential, … [Read more...]
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