Monthly Archives: January 2018

FHFA: Home Prices Rose in November

Home prices rose 0.4 percent month-over-month in November 2017, according to the Federal Housing Finance Agency’s (FHFA) recently released House Price Index (HPI). The HPI year-over-year—based on prices for homes with Fannie Mae- or Freddie Mac-backed mortgages—was up 6.5 percent. Per the Index, month-over-month home prices changes ranged from -1.1 percent in the East South […]

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The Real Deal

Pam O’Connor Builds a Network, Influences an Industry, and Impacts Lives Editor’s note: A PDF file version of this article is available here. Everyone knows real estate is a “relationship business,” but unfortunately, the phrase is overused and often unsubstantiated. Talk to people who have known Pam O’Connor over the course of her 30-plus years […]

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Amazon Closes In: What HQ2 Means for Housing in the Top 20

Amazon is a step closer to finalizing its HQ2 plans, having narrowed its sights on the top 20 contenders after receiving over 230 proposals from across North America. While the winning city could be any one of the short-list nominees, Amazon has made one thing clear: It is looking to build HQ2 away from the […]

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Brokers: Prove Your Value – Take RISMedia’s 30th Annual Power Broker Survey

In a time of heightened competition from new business models and outside disruptors, brokers have an opportunity to solidify their standing in the marketplace by participating in RISMedia’s 30th Annual Power Broker Survey, the real estate industry’s longest-running, most widely-read ranking of the nation’s top residential real estate brokerage firms. The 2018 Power Broker Survey […]

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New-Home Sales Sink in December

New-home sales sank in December, with sales of new, single-family homes down 9.3 percent to 625,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $398,900, while the median was $335,400. New-home listing inventory was 295,000—5.7-months supply. “December’s drop in new-home sales was […]

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Existing-Home Sales: A Dim End to a Bright Year

Existing-home sales in December dimmed, but, for the year, were at a record not seen in 11 years, the National Association of REALTORS® (NAR) reports. Existing-home sales in December totaled 5.57 million, a 3.6 percent decrease from November, but a 1.1 percent increase from one year prior. Inventory decreased 11.4 percent to 1.48 million, 10.3 […]

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Home Prices on a Steady Track

Home prices again appreciated nationally quarter-over-quarter, rising 0.9 percent, according to the Clear Capital Home Data Index™ (HDI™), a monthly report. Appreciation was highest in the West, where prices climbed 1.2 percent quarter-over-quarter. Regionally: Midwest Growth quarter-over-quarter in the region came in at 0.9 percent, with prices in Detroit, Mich., appreciating at a 1.72 percent […]

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Regional Spotlight: California Home Prices Close Year on High Note

Amid the lowest housing inventory levels in more than 13 years, existing-home sales in California still eked out a year-over-year gain, while the median sales price posted a solid annual increase, according to the California Association of REALTORS® (C.A.R.). Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 420,960 units […]

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Economic Forecast Hinges on Policy, Tax Reform

The economy could get a lift from tax reform, with homebuyers and homeowners likely having more income, but less in the way of write-offs, according to Fannie Mae’s Economic & Strategic Research (ESR) Group’s recently released Economic and Housing Outlook for January 2018. Analysts believe housing will again be marked by short supply this year. […]

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Impact of Teams: Join One, Start One or Compete Like One

NAR PULSE—Teams are already a major driver of business nationwide—in some areas of the country, they represent over 50 percent of all transactions. To further measure the impact teams are having on the industry, NAR, in partnership with realtor.com®, is conducting a study measuring the impact of teams. Participate in this short quiz through NAR’s […]

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