Pending Sales Short 4.9 Percent
At the close of 2019, pending sales tumbled 4.9 percent, a decline from November, according to the December National Association of REALTORS® Pending Home Sales Index, based on contract signings. The decrease equates to 103.2 in the Index, which considers 100 on par with signings in 2001. On an annual basis, contracts rose 4.6 percent. […]
Window to the Law: Fair Housing Update
Editor’s Note: This is part of a monthly video series from the National Association of REALTORS® to inform and educate members about important aspects of being a real estate professional. Watch for this series each month in RISMedia’s e-News. The Fair Housing Act is more than a list of dos and don’ts, rights and penalties. […]
Disruptor Roundup: Flyhomes Backs Buyers With the Power of Cash
Founded in 2015 by Stephen Lane and Tushar Garg, Flyhomes is a full-service brokerage that says it runs with “a start-up mindset.” It first launched with just one agent on board, growing to a team with over 50 members. It currently operates in the Greater Seattle, Portland, San Francisco Bay and Boston areas. According to […]
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NAR’s ‘That’s Who We R’ Campaign Launches Feb. 3
NAR PULSE—The evolution of the “That’s Who We R” national ad campaign, which helps consumers understand the value of REALTORS®, launches Feb. 3. This year’s ads rally consumers to “Look for the R” for reliable guidance on their path to property ownership. Watch this preview prior to the campaign’s launch. Skip the Waiting Room With […]
New-Home Sales Slide 0.4 Percent
For the third month straight, new-home sales slipped, according to the Commerce Department’s December report. The Breakdown New-Home Sales (Annual Rate): 694,000 -0.4 percent month-over-month (Dec. 2019/Nov. 2019) +23 percent year-over-year (Dec. 2019/Dec. 2018) For-Sale Inventory: 327,000 Months’ Supply: 5.7 Average Price: $384,500 Median Price: $331,400 What the Industry’s Saying “New-home sales were effectively flat in December, after downward […]
New Retirement Rules Could Help Boost Your Savings: 5 Things to Know
(TNS)—The rules of the retirement game just saw a sizable overhaul in Congress, giving a nod to the reality that many Americans can’t afford to quit working. The changes aren’t massive enough to put to rest concerns about an upcoming retirement crisis where some forecast a growing gap between the haves and have-nots. Even so, […]
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Staying Ahead of the Competition
Joseph Madaio Co-Owner/Broker Sal Carola Co-Owner/Broker Robert Coppolino Co-Owner/Broker Brokerage: RE/MAX Elite Based In: Brooklyn and Staten Island, N.Y. Region Served: New York metropolitan area Years in Real Estate: Joseph: 35; Sal: 16; Robert: 16 Number of Offices: 4 Number of Agents: 100 You are three equal partners in your RE/MAX brokerage. How is your […]
Women in Real Estate: Yale Report Underscores Wide Gender Gap in Home-Buying Trends
The real estate playing field isn’t level for women and men, a new study shows. A recent report by Kelly Shue and Paul Goldsmith-Pinkham of the Yale School of Management, “The Gender Gap in Housing Return,” with data from CoreLogic, analyzed over 50 million home sales between 1991 and 2017. Results indicated there are significant […]
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Existing-Home Sales Track Up 3.6 Percent
To cap off 2019, existing-home sales tracked up, according to the December National Association of REALTORS® report this week. December’s adjusted annualized rate of sales totaled 5.54 million, climbing 3.6 percent month-over-month and 10.8 percent year-over-year. Across all house types (single-family, condo, co-op and townhome), the median price was $274,500—a 7.8 percent increase year-over-year, according […]
How Your Online Content Nurtures Relationships in the Luxury Market
In 2020 and beyond, having a clear understanding of how digital marketing can grow your business will be vital to your success. Adapting to real estate market trends in the luxury market like these can ensure your longevity as an agent or broker and make it easier for clients to find you. However, there’s still […]
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