Home buyers have emerged and home sales have been pushed higher. Existing home sales rose by 9 percent in 2012 and are higher still by another 9 percent in 2013 year-to-date. New home sales – always the more cyclical figure – increased 20 percent … [Read more...]
Housing and employment: a chart that makes it clear
We’ve been saying for a long time how important the housing industry is to the economy — how every home sold has a major and positive effect on industries far and wide. Well here’s a great chart that makes that point crystal clear. … [Read more...]
Nothing Else Needs to Be Added
Gallup just released its poll, American Dream of Owning Home Lives On. Their conclusion? “Gallup data on homeownership provide strong support for the idea that the American Dream of owning a home continues to be alive and well. The majority of … [Read more...]
Could Your Listing Use a Stylish Update?
By Patti Stern, PJ & Co. Home Styling Fifteen seconds. That’s how long a home for sale has to make a good first impression. And, that’s if you can get today’s sophisticated buyers off their mobile device and to the front door. More than 90 … [Read more...]
Median Days on the Market Down to 62 Days in March
Tight inventory has led to shorter time on the market. The median days on the market fell to 62 days in March (74 in February). Short sales had the longest days on market at 81 days (101 days in February), while foreclosures were on the market for 46 … [Read more...]
Employment Situation in April
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 the latest monthly employment report. Good news: the … [Read more...]
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