Homes sold quickly across the U.S. this summer. Properties that sold between May and July typically were on the market less than 31 days in 29 states and the District of Columbia, according to the July 2017 REALTORS® Confidence Index Survey.Fifty-one percent of properties that sold in July were on the market for less than a month. Only nine percent of properties were on the market for six months or longer, according to the report.Properties sol
The Houston Association of REALTORS® has launched a housing section on its website to help victims of Hurricane Harvey find a temporary place to live. It allows real estate professionals, property owners, landlords, and property managers to post homes they will make available.Some of the homes posted may be available for free or reduced rent, depending on the owner, HAR notes. The HAR.com site will display properties for sale or lease across th
More home buyers have co-signers on their mortgage loans in order to help defray the rising costs of real estate, according to a new report released by real estate data firm ATTOM Data Solutions. In the second quarter of this year, 22.8 percent of mortgage applications involved a co-borrower, up from 20.5 percent a year earlier, the report shows.Dozens of programs and private companies are emerging to act as co-borrowers for consumers by offering
Homeowners who have decided to stay put in their current properties may soon be ready for a move, helping to relieve stubbornly tight housing inventory. The evidence is in Fannie Mae’s latest Home Purchase Sentiment Index, in which the number of consumers who say now is a good time to sell a home neared an all-time high. The index—which is a measure of about 1,000 consumers’ attitudes toward housing—rose 1.2 points in August to a reading
Hurricane Irma, downgraded to a Category 1 storm after tearing up Florida’s western coast Sunday, may prompt officials to rethink statewide building codes—already the strictest in the nation. Irma, which forced the evacuation of 5.6 million people before making landfall, continued to threaten Florida on Monday morning with strong winds and flooding.South Florida has seen a construction boom over more than two decades since its last widespread
Long & Foster is joining HomeServices of America. The real estate giant, one of the largest residential real estate companies in the country by sales volume, was acquired this week by HomeServices of America, a Berkshire Hathaway firm. Long & Foster’s business lines in mortgage, settlement services, insurance, and property management are also included in the acquisition.HomeServices of America, an affiliate of Warren Buffet’s Berkshir
The Florida REALTORS® association is warning its members to brace for full impact from Hurricane Irma as the storm tears through the Caribbean and heads straight for the state. Irma is expected to make a direct hit on Miami by Sunday. The storm, which has wreaked devastation on Caribbean islands as a Category 5 hurricane, was downgraded to a still-dangerous Category 4 on Friday, and Florida Gov. Rick Scott has called for mass evacuations. Irma f
Trying to reconnect with a once-promising client after a long silence can feel awkward. But you still may be able to salvage the relationship and renew their interest in moving forward again, writes Forbes.com columnist Heather R. Morgan, economist and the founder of Salesfolk. Morgan highlighted a few ways to accomplish this, including:Offer up new information.“Instead of wasting valuable space pointing out what we already know—that the conv
Many home sellers succumb to myths about home pricing that don’t match the reality of the housing market. Realtor.com® recently highlighted several of those common pricing myths, including:You won’t always make money on the sale of a home.Home sellers shouldn’t always assume they’ll walk away with a profit. The National Association of REALTORS® estimates home prices will increase 5 percent by the end of this year. That said, 23 markets
September is REALTOR® Safety Month, and data from the National Association of REALTORS®’ recently released 2017 Member Safety Report shows that 38 percent of members have experienced a situation that made them fear for their personal safety or the safety of their personal information. Common situations that caused fear included open houses, vacant and model homes, properties that were unlocked or unsecured, and properties in remote areas.O
This website includes images sourced from third party websites including Adobe, Getty Images, and as otherwise noted.
