Home prices continue to firm up as demand is reported to be increasing faster than supply. From the current survey, 69 percent of respondents to the REALTORS® Confidence Index reported constant prices, higher than July’s figure of 64 percent. About … [Read more...]
Shadow Inventory Down…in Most States
CoreLogic, in their most recent foreclosure report, revealed that approximately 1.3 million homes, or 3.2 percent of all homes with a mortgage, were in the national foreclosure inventory as of August 2012 compared to 1.4 million, or 3.4 percent, in … [Read more...]
Cindy Stackhouse wins Virginia REALTOR® of the Year Award
Prince William REALTOR Cindy Stackhouse has been named the Virginia 2012 REALTOR of the Year. Announced at VAR’s Real Show on Saturday, October 6 in Virginia Beach, and presented by 2012 VAR President Trish Szego, who said, The REALTOR of the … [Read more...]
Completed Foreclosures Down…in Most States
According to the latest foreclosure report from CoreLogic, there were 57,000 completed foreclosures in the U.S. in August 2012, down from 75,000 in August 2011 and 58,000 in July 2012. Mark Fleming, chief economist for CoreLogic reveals: “August … [Read more...]
The ‘Prius Effect’ on Home Sales?
By Melissa Dittmann Tracey, REALTOR Magazine More studies are showing the power of green on boosting sales prices. In the most recent study, University of California researchers found that green-certified, single-family homes sold for $34,800 more … [Read more...]
Jobs and Unemployment
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 payroll jobs and the unemployment rate. The net payroll … [Read more...]
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