“Home prices may not return to peak until 2023,” is the CNN Money headline. The story is that housing prices may take that long to hit their 2007 levels — that is, the levels they were at the peak of the housing bubble. This is … [Read more...]
First-Time Home Buyers: 31 Percent of Residential Buyers
Approximately 31 percent of REALTORS® who responded to the latest REALTORS® Confidence Index survey reported making a sale to first-time home buyers. Normally first-time buyers are in the neighborhood of 40 percent of total residential sales, … [Read more...]
Real Estate’s New Market Reality
For Agents’ Eyes Only… Each Thursday we will be posting a blog to help real estate professionals understand how they can better assist their buyers and sellers navigate the current real estate market. Hope you find the information … [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. Although new home sales were roughly … [Read more...]
Cash Sales: 27 Percent of Residential Sales
Approximately 27 percent of REALTORS® reported making cash sales in August, unchanged from July’s figure, according to the latest REALTORS® Confidence Index survey. The percentage of cash payments fluctuates from month to month. The high … [Read more...]
Stink bugs invade Virginia
Meet the brown marmorated stink bug: A creepy little bugger that can release an odor when attacked (it smells like cilantro — go figure). It was “imported” from Asia about 15 years ago, and has made its home across the … [Read more...]
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