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 new home sales. The figures for new home sales, contracts … [Read more...]
Economy Advances 2.2 Percent in 2012
Based on early estimates, economic activity closed 2012 on a mixed note. Though gross domestic product grew at 2.2 percent for the whole year, the fourth quarter results were disappointing, showing a 0.1 percent decline. A large 22.2 percent cut in … [Read more...]
Increasing REALTOR® Optimism Reported in January
The REALTORS® Confidence Index (RCI) Report provides monthly information about expectations for overall market conditions, buyer/seller traffic, price, buyer profiles, and issues affecting real estate. REALTORS® in the January report generally … [Read more...]
Fewer Americans in ‘Underwater’ Situation
With home values falling dramatically from 2006 boom prices, many homeowners have found themselves in what is called a ‘negative equity’ or ‘underwater’ situation. This means the value of their home is currently less than the mortgage amount on that … [Read more...]
Are new licensees ready for prime-time — and how can we get them there?
Basic training is just that — basic. When you get a real estate license, it means (or should mean) that you have a solid, basic knowledge of how to conduct a real estate transaction. It’s the equivalent of knowing how to steer, accelerate, and break … [Read more...]
Get more from RPR: The powerful Realtor tool you oughta be using
Have you used the Realtors Property Resource today? It’s one of the most powerful tools available to members, and to help you get the most out of it, VAR and NAR are offering a series of live webinars specifically to show Virginia Realtors the … [Read more...]
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