Monthly Archives: February 2018

Pending Sales Cave Under Mortgage Rate, Supply Pressures

January’s pending home sales caved, dropping 4.7 percent in the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI). All four of the major regions in the U.S. experienced fewer sales, with the Northeast 9 percent lower, the Midwest 6.6 percent lower, the South 3.9 percent lower, and the West 1.2 percent lower. According […]

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NAGLREP Continues to Fight for LGBT Housing Discrimination Protections

It’s been a little more than 11 years since I signed the paperwork to start the National Association of Gay and Lesbian Real Estate Professionals (NAGLREP), and we have since enjoyed a steady climb of growth and awareness. Today, NAGLREP has nearly 2,000 members and 22 chapters around the nation as one of the largest […]

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Property Coin: Crypto Investors Looking to Fix and Flip

Is blockchain the future of real estate transactions? So far, only a few contracts have closed through Bitcoin or other forms of cryptocurrency; however, with offerings being introduced, that could quickly change. Aperture Real Estate Ventures, a real estate technology and investment firm based in Los Angeles, Calif., claims it has launched the first-ever real […]

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Case-Shiller: Home Prices Propel Up

Home prices propelled up in December, according to the S&P CoreLogic/Case-Shiller Indices. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index’s 10-City Composite, which is an average of 10 metros (Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York, San Diego, San Francisco and Washington, D.C.), rose 6 percent year-over-year, mirroring November, which […]

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A ‘Mile High’ Repeat? Market in the Mountains on the Rise

Denver is one the hottest housing markets in the nation—and its come-up is happening now in Salt Lake City, realtor.com® reports. Analysts at realtor.com anticipate home prices will increase 4.5 percent, and sales 4.6 percent, in Salt Lake City—comparable to what happened in the Mile High City in its rise to the top. “In just […]

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Integrating Personal Interest With Valuable Real Estate Knowledge

In the following interview, Chris Carbone, owner and principal broker of HomeSmart Homes and Estates in Montgomery, N.Y., discusses the advantages of the brand, market trends, and more. Region Served: Lower Hudson Valley Years in Real Estate: 19 Number of Offices: 3 Number of Agents: 52 Top Tip for Staying Organized: Carve out time for […]

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New-Home Sales Skid in January

New-home sales skidded in January, with sales of new, single-family homes down 7.8 percent to 593,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $382,700, while the median was $323,000. New-home listing inventory was 301,000—6.1-months supply. “New-home sales may have come in […]

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Home Prices Relax Ahead of Spring

The brakes are on growing home prices, with appreciation at 6.7 percent—the lowest rate since November 2016, according to the January Zillow® Real Estate Market Report. Appreciation hit 7.6 percent in May 2017 but tempered through the year. The deceleration could give homebuyers hope this spring, says Aaron Terrazas, senior economist at Zillow. “Home values […]

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Volatile Market Threatens Retirement Real Estate

The stock market has been on a volatile patch after plunging nearly 1,600 points at the beginning of February—and, while stable now, consumers and investors are watching closely. With many public pension plans tied to stocks, the incoming retirement community is hoping for a full recovery to recoup losses. Many public pensions have already reported […]

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A Let-Up for Prices? Housing Trends to Watch

The housing market is on the up-and-up, but at a lesser pace than in prior years. According to new research, buzzier markets are now stabilizing. Appreciation is projected to slow in 41 of the top 100 metropolitan statistical areas (MSAs) this year, according to HouseCanary, which recently released its “5 Housing Trends That Are Changing […]

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