As reported in the latest REALTORS® Confidence Index report (RCI), approximately 27 percent of REALTORS® reported making cash sales in July, slightly dowm from 29 percent in June. The percentage of cash payments fluctuates from month to month, … [Read more...]
On the Path to Recovery
The strong spring and summer housing markets helped to reduce inventories nationally and the same dynamic has played out in local markets. Somewhat surprisingly, many housing markets that were hardest hit by the housing bust are sharing in the … [Read more...]
REALTOR® Member Age, Income and Experience
Income is typically commensurate with experience. As REALTORS® gain experience and a larger network of referrals and previous clients, their income generally rises. REALTORS® with 16 years or more experience had a median gross income of $50,200 … [Read more...]
Not Your Father’s Short Sale
This week, we have been introducing what we believe will be five mid-to-long-term opportunities in real estate over the next few years. Today is #5 – The NEW Short Sale Opportunity – The KCM Crew Talking about short sales as a ‘new’ opportunity seems … [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...]
Fairfax Realtor in the running for NAR Good Neighbor award
Realtor® Trudy Harsh of Fairfax is in the running for Realtor® magazine’s 2012 Good Neighbor Awards — five Realtors® “outstanding Realtors® who volunteer time and energy to improve the quality of life in their … [Read more...]
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