By Lawrence Yun and Ken Fears The New York Times reviewed a new research paper by authors from Dartmouth and the University of Warwick in England that implies a rise in the homeownership rate is bad for the economy because fast rising homeownership … [Read more...]
Thirty-Seven Percent of Homes Sold in Less than a Month
Multiple bidding in a low inventory environment continues to lead to shorter days on the market. About 37 percent of REALTORS® reported that in March recently sold properties were on the market for less than a month when sold compared to 27 percent … [Read more...]
Mortgage Interest Deduction: By State [INFOGRAPHIC]
Information from The Pew Charitable Trusts report: The Geographic Distribution of the Mortgage Interest Deduction … [Read more...]
Good news: DPOR updates its license transfer process
Earlier today, all Virginia brokers received the following notification: In early March 2013, the Virginia Department of Professional and Occupational Regulation (DPOR) issued clarification about its real estate licensee transfer policy that created … [Read more...]
Monthly Housing Affordability Index
At the national level, housing affordability is still very high thanks to lower mortgage rates in spite of higher home prices. What is affordability like in your market? In spite of reduced affordability from last month and last year’s near-record … [Read more...]
Unemployment Insurance Claims Continue to Trend Down in Week Ending May 4
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 unemployment insurance claims. Initial claims for … [Read more...]
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