April home sales data show that about 40 percent of all existing homes in the US are sold in the South. At the current seasonally adjusted sales rate, that’s more than 2 million a year. For decades, the South has had the largest number of housing … [Read more...]
Total Increase a Buyer May Pay if They Wait
Earlier in the week, we explained that experts have projected that U.S. home prices will appreciate by approximately 5% in 2013. We also revealed the Mortgage Bankers Association, Fannie Mae and the National Association of Realtors have all projected … [Read more...]
Foot Traffic: Pearl River County Board of REALTORS® (Picayune, MS)
Foot traffic can provide great insight into the direction of future home sales. SentriLock, LLC. provides NAR Research with monthly data on the number of showings. Foot traffic in the area covered by the Pearl River County Board of REALTORS® … [Read more...]
Mortgage Rates Projected to Increase
The Mortgage Bankers Association, Fannie Mae and the National Association of Realtors have all projected that the 30-year mortgage rate will be at least 4% by the end of 2013. If we assume that rates will still be at 4% in twelve months, here is the … [Read more...]
Cuccinelli and McAuliffe to make joint Q&A appearance for Realtors
Virginia’s two major gubernatorial candidates — Ken Cuccinelli and Terry McAuliffe — will make a joint appearance just for Virginia Realtors on June 17. Yes, you’re invited. And yes, it’s free. Come listen to each of the … [Read more...]
Diffusion Index of Foot Traffic
Every month SentriLock, LLC. provides NAR Research with data on the number of properties shown by a REALTOR®. Foot traffic has a strong correlation with future contracts and home sales, so it can be viewed as a peek ahead at sales trends two to … [Read more...]
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