Nothing more to say — this is all over the news. A new report from the Census Bureau found that home ownership in the U.S. dropped to its lowest level since mid-1995, as more people rent rather than buy. Quoth Bloomberg: The share of Americans … [Read more...]
Getting the Offer Accepted
The National Association of Realtors just released their Pending Sales Report which revealed that buyer demand is at its highest point in three years. At the same time, the supply of homes for sale has dramatically dropped in the last several … [Read more...]
Case-Shiller Price Index
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 Case-Shiller price index. Case-Shiller data show that … [Read more...]
Timothy Shamblin wins $100
Timothy Shamblin of Coldwell Banker Premier Proper in Winchester is the second winner of a $100 Amex gift card — all for taking our online survey about Commonwealth magazine. Congrats, Timothy! Artist’s conception. … [Read more...]
Cash Sales: 30 Percent of Residential Sales
Approximately 30 percent of REALTORS® reporting on their last sale had a cash sale (32 percent in February). Investors and international buyers typically pay cash. About 9 percent of REALTORS® reporting a sale to a first-time homebuyer also … [Read more...]
How Housing Is Leading Us Out of the Great Recession
We are often asked if the housing market can truly rebound if the all-round economy remains sluggish. We answer by explaining the housing market is not dependent on the economy but rather the economy is reliant on the housing market. Mark Zandi, … [Read more...]
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