Monthly Archives: December 2017

Pending Home Sales Inch Up 0.2 Percent in November

Pending home sales were mostly unmoved in November, inching up 0.2 percent in the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI). The PHSI posted 109.5 in November, up from 109.3 in October. The Index is based on contract signings. Lawrence Yun, NAR chief economist, says contract signings mustered a small gain in […]

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4 Reasons Why a National MLS Database Makes Sense

The debate over whether a national MLS would benefit the real estate community seems to be part of an ongoing conversation. But how would it help agents and brokers? Would it provide better governance, make data sharing easier, or open markets to new and innovative technology? Let’s consider a different premise: that the debate itself […]

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Balancing Time to Best Serve Clients

In the following interview, Deborah Thompson, REALTOR® with Coldwell Banker Hartung and Noblin, Inc., in Tallahassee, Fla., discusses the advantages of Homes & Land marketing, the direction of the market, social media and more. Region Served: Tallahassee Years in Real Estate: 24 Number of Offices: 1 Number of Agents: 70 Most Effective Method for Communicating […]

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A Top Producer’s Dream: JP and Associates REALTORS®

Paving the Way for Agent Success For JP Piccinini, devising a concept for the ideal real estate company was easy. A former top-producing agent himself, he just thought about everything he would want from a brokerage firm…then built it himself. Clearly, Piccinini’s vision was on the money, as six short years later, Dallas-based JP and […]

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Americans ‘Concerned’ About Homeownership in Light of Tax Bill

Americans are concerned about homeownership in response to the Tax Cuts and Jobs Act, according to new realtor.com® research. The legislation, awaiting President Trump’s signature (at press time), passed on Wednesday this week. More than one-third (36.2 percent) of respondents to a realtor.com survey, conducted Dec. 18-19 prior to the passage, were “concerned” about being […]

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Inventory at Lowest Since 2013

Housing inventory is shrinking, still, according to the recently released Trulia Inventory and Price Watch for the fourth quarter of 2017. Across the board, in the premium, starter and trade-up tiers, inventory has tumbled 10.5 percent year-over-year—the most considerable drop-off since 2013. The issue is most pervasive at the entry level, which accounts for just […]

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Existing-Home Sales Skyrocket Toward 11-Year High

Existing-home sales in November skyrocketed to a spree not seen in more than 10 years, the National Association of REALTORS® (NAR) reports. Existing-home sales totaled 5.81 million, a 5.6 percent increase from October and a 3.8 percent increase from one year prior. Inventory decreased 7.2 percent to 1.67 million, 9.7 percent below one year prior. […]

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Senate Backs Tax Reform, Bill on Trump’s Desk

With less than a week until their Christmas deadline, House Republicans passed the converged Tax Cuts and Jobs Act bill—set to be the first tax overhaul in over 30 years—in a 227-203 vote on Dec. 19. However, the Senate Parliamentarian required a re-vote, citing three provisions in violation of the Senate Byrd rule. The Senate […]

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Using Tech, ‘Coolture’ and Education to Achieve Success

In the following interview, Mike Cole, owner of Realty ONE Group Dockside in Myrtle Beach, S.C., discusses the advantages of the brand, negotiating, social media, technology and more. Region Served: Myrtle Beach, Horry and Georgetown Counties Years in Real Estate: 23 Number of Offices: 3 Number of Agents: 230 Best Advice for New Agents: Answer […]

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Changing Demand for Rentals Strains Supply

Demand for rentals is still strong—but what does it look like today, a decade after the recession? According to America’s Rental Housing Report, recently released by the Joint Center for Housing Studies at Harvard University, demand is evolving. In the aftermath of the crash, demand exploded, and a large portion of rentals were single-family homes. […]

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