June is National Homeownership Month

June 8, 2015Industry News

  National Homeownership Month Did you know that National Homeownership Month started off with the Clinton administration back in 1995? George W. Bush, in 2002, then proclaimed June to be National Homeownership Month. When we ask our friends and family what their “American Dream” is, almost 9 times out of 10 their list includes owning … Read More

Younger Agents Joining the Biz

August 7, 2014Industry News

The number of new people coming into the real estate business — people with a year or less of experience — jumped from five percent of the one million members to nine percent. NAR President Steve Brown suggested the influx “shows that those agents getting into the field are attracted to the many benefits and … Read More

Vacation Home Sales Surge

July 2, 2014Industry News

Vacation-home sales jumped 29.7% to an estimated 717,000 last year, from 553,000 in 2012.  The trend shows no sign of slowing, according to NAR Chief Economist Lawrence Yun. “Growth in the equity markets has greatly benefited high-net-worth households, thereby providing the wherewithal and confidence to purchase recreational property,” he said. “However, vacation-home sales are still … Read More

Homebuyers More Willing to Compromise

April 28, 2014Industry News

  Faced with tight inventories of homes for sale, more buyers are realizing they may have to bend a little, or a lot, in order to get the home they want. According to a new survey by the real estate brokerage Redfin, 35% of real estate agents said, “Buyers are now willing to pay more … Read More

Investors’ Bulk Buying Days Slipping Away?

March 19, 2014Industry News

Investors are finding it more and more difficult to buy foreclosures in bulk and then rent them out for a sizable profit.  Home prices have risen faster than rent and it’s chipping away at investors’ returns on investment, according to a new report from CoreLogic. Following the housing crash, investors were buying up foreclosed homes … Read More

Boomerang Buyers’ Poised to Boost Housing Market

February 28, 2014Industry News

Many housing experts are trumpeting changes that allow foreclosure sufferers to buy back into the American Dream sooner than they probably imagined, calling 2014 the year of The Boomerang Buyer.  Revisions made last year to Federal Housing Administration guidelines and technical updates in November to Fannie Mae loan approval systems have opened the door for … Read More