News

Builder Confidence Healthy in July

July 21st, 2018
Builder confidence is healthy, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The Index reading is 68; an above-50 reading indicates more builders have a positive outlook than a negative one. “Consumer demand...

Flipping the Model to Put Agents on Top: Realty Group Inc.

July 21st, 2018
(L to R) Long Doan, Broker/CEO, and Mike Bernier, President/Co-owner, Realty Group Inc. For Long Doan, broker and CEO of Minnesota’s fast-growing Realty Group Inc., success is measured by the achievement of his partner-agents. “Every one of our agents is...

Don’t Know Your Mortgage Rate? You Could Be Costing Yourself Thousands

July 22nd, 2018
(TNS)—Not knowing your mortgage rate can be an expensive mistake, especially in this rising interest rate market. Yet nearly three in 10 mortgage holders (29 percent) either didn’t know their mortgage rate or wouldn’t say, according to a survey by...

NAR: 6 Percent Bump in Memberships, With Diverse Entrants

July 22nd, 2018
Membership in the National Association of REALTORS® (NAR)—which, for agents and brokers, denotes higher standards than what is required by their respective states—has increased in the last year, from 1.22 million to 1.3 million, according to the 2018 NAR Member...

Employment Gains Push Rents Up

July 23rd, 2018
Driven by employment growth, the cost of a single-family rental rose 2.9 percent year-over-year, according to the April CoreLogic Single-Family Rent Index (SFRI). Rents have risen for the past eight years, but have been decelerating since February 2016, when they...

The Evolution of Office Space: Where Are We Now?

July 23rd, 2018
Editor’s Note: This is part one of a series that takes an in-depth look at how brokerage offices have transformed. You’re walking along the downtown strip and come across a quaint storefront with large glass windows looking into an agent-occupied...

Existing-Home Sales Slip, but Inventory Stirs

July 23rd, 2018
Barely budging against imbalanced inventory, existing-home sales slipped at the start of summer, the National Association of REALTORS® (NAR) reports. Activity in June declined 0.6 percent to 5.38 million, down 2.2 percent from the prior year; however, inventory increased 4.3...

Want to Take Off on $1B in Sales? Start With One First Impression at a Time

July 24th, 2018
For four years in a row, Samer Kuraishi and his team have been named the No. 1 real estate brokerage for units and volume sold in their area, according to The Wall Street Journal, and have consistently ranked in the...

Register Now for NAR’s Premier Tech Summit—Seating Is Limited!

July 24th, 2018
NAR PULSE—The iOi Summit, August 29-30 in San Francisco, will bring together tech entrepreneurs, investors and real estate professionals to lead the future of real estate tech. Learn from over 50 technology companies, marketing experts and top-producing agents and brokers...

Forget a Garage—Buyers Won’t Budge on High-Rated Schools

July 24th, 2018
Buyers have their eyes on schools, and with the irrefutable link between the quality of schools and values, a district with high ratings trumps all—even coveted features of a home, according to a new realtor.com® survey. To get into their...
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