Real Estate News and Updates

How much of my income goes towards housing?

With rates rising and home price growth starting to slow, I started to consider how much income is used towards housing in this current economic climate. Mortgage rates are trending upwards to near the highs of 2011 at 4.98 percent, home prices are still rising but at a slower pace, and the median income has […]

read more

In Which States Did Properties Sell Most Quickly in August 2018?

In a monthly survey of REALTORS®, respondents reported that properties were typically on the market for 29 days, just a day shorter time compared to one year ago (30 days), according to the  August 2018 REALTORS® Confidence Index Survey.[1] This indicates that in many states, the supply of homes for sale is still inadequate compared […]

read more

How to Understand Home Staging Pricing and Proposals: Do’s and Don’ts

By Audra Slinkey, Home Staging Resource A lot of real estate agents are looking for a good, reliable home stager that can magically transform their listings into the price point their seller is hoping to achieve.  The trouble and confusion sometimes comes when the real estate professional asks a few home stagers to “bid” or […]

read more

The Invention and Evolution of a Space and Place Called the Ghetto

“Ghetto.” The word evokes a long and vexing tradition of racial imagery and history in the United States. We may think we know what the word means, but where does it come from? Why does it carry such socio-cultural weight? Mitchell Duneier explores these questions in his examination of the evolution of the word in […]

read more

Online Home Value Estimates Are NOT Appraisals

This blog was originally published on June 29, 2017.  It has since been updated to reflect new data. Consumers who are seriously in the home buying and home selling market should be mindful of a variety of competing home price estimators. Solely relying on just one price estimate is likely to skew the views of […]

read more

Most Beloved Outdoor Remodeling Projects for 2018

The results are in! We have the latest on what outdoor remodeling projects give homeowners the greatest satisfaction, according to the new 2018 Remodeling Impact Report: Outdoor Features. First, the top two projects that scored a perfect 10 on the Joy Score were adding a fire feature, such as a fire pit to the backyard, […]

read more

Population and Employment Growth Fuel Homebuying in the West and South States

In a monthly survey of REALTORS®, respondents are asked “Compared to the same month last year, how would you rate the past month’s traffic in neighborhood(s) or area(s) where you make most of your sales?” Respondents rate buyer traffic as “Stronger” (100), “Stable” (50), or “Weaker” (0), and the responses are compiled into a diffusion […]

read more

Hot Home Trend: Bringing Back the Brass

By Melissa Dittmann Tracey, REALTOR® Magazine We’ve seen brass fixtures gradually coming back over the last few years, and the trend is only getting bigger. Golden brass tones can warm up some of your décor. However, after being inundated with silver finishes–like chrome and stainless steel–over the last few years, some still consider brass as […]

read more

Make the Front Porch a Selling Point

By Melissa Dittmann Tracey, REALTOR® Magazine The front porch is making a comeback. And more builders are adding them back into new home designs. The front porch was once a mainstay in home designs in the early 1900s. But over the years it has gotten swapped out for those street-facing garages. Also, homeowners sought more […]

read more

In Which States Did Properties Sell Most Quickly in April 2018?

Amid strong demand and tight supply, REALTORS® reported that properties that sold in April 2018 were typically on the market for 26 days, down from 29 days compared to the same month last year, according to the  April 2018 REALTORS® Confidence Index Survey.[1] The median days on market have been broadly on a downtrend since […]

read more

How to Make a New House Your Own

The keys are in your buyer’s hands! They’ve gone through the process … the search, deciding, inspection, stress, closing, and finally, the elation of buying a new home. Now, they have to make it their own. Here’s how.

read more

Hot Home Trend: Edison Bulbs

By Melissa Dittmann Tracey, REALTOR® Magazine Does your listing’s lighting need a contemporary makeover? Edison bulbs may be the answer. These clear glass light bulbs, in which the center is exposed, have a nostalgic-like appearance and let out a nice warm glow. They stand out, instead of allowing your lighting to blend in. Edison bulbs […]

read more

March 2018 Housing Affordability Index

At the national level, housing affordability is down from last month and down from a year ago. Mortgage rates rose to 4.42 percent this March, up 8.2 percent compared to 4.28 percent a year ago. Housing affordability declined from a year ago in March moving the index down 7.0 percent from 150.4 to 161.7. The […]

read more

What’s the Buzz Behind the Lagom Home Style?

By Melissa Dittmann Tracey, REALTOR® Magazine  Just when everyone was getting their hygge on—a new staging style has taken hold. Instead of it being all about cozying up your home décor, now it’s all about stripping it down and being minimal. The Scandinavian concept of lagom began taking hold last year and is catching on […]

read more

Property Values By State from 2005-2017

Home price appreciation is an important topic in today’s economy. Using data from the American Community Survey (ACS), we can analyze the gains and losses of property values over time. I estimated the median property values by state in 2017 using the FHFA index and the median property values from the (ACS). I then calculated […]

read more

Hot Home Trend: Vertical Gardens

Want to add some greenery or garden to a backyard but tight on space? Try a vertical garden. By going up with your plants instead of spreading them out, you’ll be able to squeeze a garden in even the smallest of spots.

read more

Hot Home Trend: Double-Pocket Doors That Make a Statement

By Melissa Dittmann Tracey, REALTOR(R) Magazine Pocket doors are not only getting a chic makeover in recent years, but they really can be key to solving some design challenges in small spaces too. And for the “wow” factor, try a double-pocket door. Pocket doors are those that slide right into the wall when opened. It’s […]

read more

Hot Home Trend: Bring on the Velvet

By Melissa Dittmann Tracey, REALTOR® Magazine We’re seeing a revival of the 1960s love for velvet in home décor. Velvet has been making its way into more fashion and now it’s expected to make a bigger splash in home décor in 2018. This heavier fabric can add some luster to a space through upholstery, drapery, […]

read more

Raw Count of Home Sales (January 2018)

Existing-home sales declined 2.3 percent in January from one month prior while new home sales dropped 7.8 percent. These headline figures are seasonally adjusted figures and are reported in the news.  However, for everyday practitioners, simple raw counts of home sales are often more meaningful than the seasonally adjusted figures.  The raw count determines income […]

read more

REALTORS® Expect Prices to Increase to Nearly 4% in Next 12 Months

In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “In the neighborhood or area where you make most of your sales, what are your expectations for residential property prices over the next year?” Among the REALTOR® respondents who responded to the January 2018 survey, the median expected price change for […]

read more

International Women’s Day

International Women’s Day is celebrated internationally on March 8th each year. It is a day to acknowledge the economic, political, and social achievements of women. In recognition of this day we can examine the profile of women REALTORS® using the 2017 Member Profile. Women in Real Estate: Women make up 63% of all REALTORS®, with […]

read more

2018 Home Trends to Guide Your Staging

Article Submitted by Fixr.com Before you’re able to successfully stage a home for sale, you need to understand your target audience, and the kinds of things they’re looking for in a home. Home buyers today are much more savvy than previous generations; they know what...

read more

Hot Home Trend: Go Big With Your Tile

By Melissa Dittmann Tracey, REALTOR® Magazine Supersized tiles are making over more floors, and this may be welcome news to many homeowners. Large format tiles means less grout to clean. The large tile trend may be partially motivated out of function, not just aesthetics. More homeowners are experimenting with larger tile sizes, whether with porcelain, […]

read more

Using Tax Refund for a Downpayment

Here is some insight on how Americans can invest their tax return and how first-time home buyers may look to invest long term. One of the major hurdles for potential home buyers is the downpayment. With a sizable tax refund, the average American would have a sizeable or partial downpayment depending on which region or […]

read more

Styling Tips to ‘Wow’ Spring-Time Home Buyers

By Patti Stern, PJ & Co. Staging and Interior Decorating The new year and the upcoming spring season brings with it a fresh outlook and new beginnings. What will prospective home buyers be thinking about while searching for their new “happy place”? For sellers preparing their homes to sell this spring, that means engaging buyers […]

read more

President’s Day 2018: How Does the White House Compare to the Average Home?

In the spirit of President’s Day we can use data from the 2017 Profile of Home Buyers and Sellers to see how the typical home differs from the White House. Typical Home Purchased in the U.S. 85% of buyers purchased a previously owned home, with 83% of buyers choosing a detached single-family home. Looking by first-time and […]

read more

REALTORS® Reported Strong Buyer Demand and Tight Supply in December 2017

In a monthly survey of REALTORS®, respondents are asked “Compared to the same month last year, how would you rate the past month’s traffic in neighborhood(s) or area(s) where you make most of your sales?” Respondents rate buyer traffic as “Stronger” (100), “Stable” (50), or “Weaker” (0) and the responses are compiled into a diffusion […]

read more

Home Buyer Households: Valentine’s Day 2018

Using data from the 2017 Profile of Home Buyers and Sellers we can break down household composition, and the relationship it has to home purchasing choices. Among all recent home buyers, 65 percent were married couples, 18 percent were single females, eight percent were unmarried couples, and seven percent were single males. Three percent of […]

read more

December 2017 Housing Affordability Index

At the national level, housing affordability is practically flat from last month and down from a year ago. Mortgage rates increased to 4.22 percent this December, up 1.7 percent compared to 4.15 percent a year ago. Housing affordability declined from a year ago in December moving the index down 2.3 percent from 163.8 to 160.1. […]

read more

Home Sellers Had 2 to 3 Buyer Offers in 2017

In a monthly survey of REALTORS®, seller’s agents who closed a sale are asked “How many offers were received for the most recent property you sold in the past month? Among seller’s agents who closed a sale in December 2017, the respondents reported they received 2.2 offers (which means sellers received between two to three […]

read more

What Would an Increase in Mortgage Rates Mean for Homebuyers?

Experts forecast that the U.S. economy is in for yet another solid year of strength, albeit not at the same level as in 2017. NAR expects that the mortgage rate for a 30-year fixed mortgage will rise to 4.4 percent in 2018 from 3.9 percent in the last quarter of 2017[1], an increase of 50 […]

read more

7 Ways to Add More Romance to a Home’s Decor

By Melissa Dittmann Tracey, REALTOR® Magazine Love is in the air with Valentine’s Day this week. But a romantic flair to warm up your home design may very well be in style year-round. In fact, one-third of homeowners say they intended to renovate their master bedrooms to create a more romantic or intimate space, according […]

read more

In Which States Did Properties Sell Most Quickly in December 2017?

Amid strong demand and tight supply, REALTORS® reported that properties that sold in December 2017 were typically on the market for 40 days in November 2017, down from 52 days compared to the same month last year, according to the  December 2017 REALTORS® Confidence Index Survey.[1] The median days on market have been broadly on […]

read more

Effective Habits of Time-Block ‘Bouncers’

By Lee Davenport Time-blocking (designating time on your schedule to work on a specific task) isn’t really a challenge. Whether you prefer pen and paper or an online system, you can fill your schedule with items galore. But the real trick is staying consistent with time-blocking. It helps if you know how to be a […]

read more

Pin It on Pinterest