Last week the National Association of Realtors (NAR) released their Pending Home Sales Index. The Index, a forward-looking indicator based on contract signings (not closings), rose 2.4 percent to 101.7 in July up 12.4 percent above July last year. … [Read more...]
Distressed Sales Continued to Decline in Market Share
According to the July REALTORS® Confidence Index report (RCI), twenty-four percent of respondents reported selling distressed property (foreclosed and short sales), lower than last year’s figure of 31 percent. Cash sales accounted for 39 percent of … [Read more...]
The Art of Telling Your Clients that Their Perfect Home Ain’t So Perfect
By Myra Nourmand One person’s junk is another’s treasure. After doing your preliminary walk through, you realize that your client’s home needs help. On the one hand, you want to say, “Toss those magazines in the recycle bin, and while you’re at it … [Read more...]
Enjoy the Holiday Weekend
The housing recovery is creating jobs and helping bring the economy back. … [Read more...]
From the Latest RCI: Cash Sales 27 Percent of Residential Sales
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...]
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