The homeownership rate fell again in the third quarter of 2012. The latest 65.3 percent ownership rate (seasonally adjusted figures) is the lowest since 1996, when Bill Clinton was campaigning for his re-election. But there is good news in the data … [Read more...]
Fun Virginia demographics maps
Where are the sick? Where are the poor? Where have the people been moving? Where are the Whites, African-Americans, Hispanics, and Asians? Find out these and more at a cool site from the Weldon Cooper Center for Public Service at UVa. There’s a … [Read more...]
Gap in Buyer and Seller Traffic Index Persists
Demand continued to expand faster than supply. The Buyer Traffic Index rose to 56 from 36 in the same period last year, while the Seller Traffic Index barely moved, ending at 38 from 37 last year. REALTORS® reported numerous cases of … [Read more...]
Inventory: Only Challenge to the Real Estate Recovery
The real estate market is in the midst of a major comeback. Sales are greater than any time since 2007. Consumer confidence is increasing. Economists are now saying housing is the major tailwind to our nation’s overall economic recovery. However, … [Read more...]
Bad MLS photos
While I look through my various news feeds, enjoy a fun Realtor site: Bad MLS Photos. (Big hat tip to Cindy Jones!) … [Read more...]
No winter slowdown in 2012?
According to a survey from Campbell Communications and Inside Mortgage Finance, the winter of 2012 was unusual for home sales. There wasn’t a seasonal slowdown. In most years (as, I suspect, you know), home sales are cyclical — rising in … [Read more...]
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