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national association of realtors: Pending Home Sales Rise - 05/05/11 08:36 AM
Pending home sales increased but with notable regional variations, according to the National Association of Realtors (NAR). A forward looking indicator, rose 2.1% based on contracts signed in February. The data reflects contracts and not closings, which normally occur with a lag time of 1 or 2 months. A sale is listed as pending when the contract has been signed but the transaction has not closed. Pending home sales have trended up very nicely since bottoming out last June, even with periodic monthly declines. Contract activity is now 20% above the low point immediately following expiration of the home buyer tax (0 comments)
national association of realtors: Owners And Renters Agree - 02/23/11 07:57 AM
Owners, renters agree, owning a home is a smart decision A substantial majority of both home owners and current renters agree that owning a home is a smart decision over the long term. That's according to the results of a National Association of Realtors survey of 3,793 adults conducted online by Harris Interactive. The American Attitudes About Home Ownership survey found that in today's challenging economy, 95% of owners and 72% of renters believe that over a period of several years, it makes more sense to own a home. In addition, an overwhelming majority of home owners are happy with their (2 comments)
national association of realtors: Should You Give Your Child A Down Payment? - 12/17/10 08:22 AM
With home prices and mortgage rates appealingly low and no-money-down loans nowhere to be found, more young adults are turning to family to get into their 1st home. Over the past year, 36% of 1st time buyers got help with their down payment from family or friends, typically parents, according to the National Association of Realtors, up from 28% the previous year. If you want to give your child a leg up on a home purchase, 1st make sure you're on track to hit your retirement goals. Then you'll need to figure out whether you want to give them the money, extend (5 comments)
national association of realtors: Home Sales Show Another Strong Gain - 11/22/10 05:20 PM
September home sales show another strong gain Existing home sales rose again in September, affirming that a sales recovery has begun, according to the National Association of Realtors (NAR). Existing home sales, which are completed transactions that include single family, townhomes, condominiums and co-ops, jumped 10% to a seasonally adjusted annual rate of 4.5 million in September. The national median existing home price for all housing types was $171,700.00 which is 2.4% below a year ago. Distressed homes accounted for 35% of sales in September, up from 29% in September 2009. Housing affordability conditions today are 60 percentage points higher than during (0 comments)
national association of realtors: Home Office, Evaluate Your House - 11/05/10 08:06 AM
When planning a home office remodel, consider your specific needs. While an office may make your home more attractive to potential buyers, it won't add significantly to value, but if you're among the more than 20% of Americans who do some or all of their job at home, a comfortable, functional work space is a must have. Where to put a home office: A spare bedroom is the most common place for an office, buy it's not the only adaptable space in the house. The formal living rooms and dining rooms in many older homes often don't get a lot of (5 comments)
national association of realtors: Homeownership, Stable Communities - 10/26/10 08:08 AM
Homeowners are more active in their communities, benefit from improved education opportunities and report higher levels of self-esteem and happiness when compared to renters, according to leading research. A new report from the National Association of Realtors, Social Benefits of Homeownership and Stable Housing, explores the impact of stable housing and the positive social outcomes resulting from homeownership. NAR's study identifies research from government, industry and academia that identified the relationship between homeownership and stable communities. Homeowners move far less frequently than renters, and therefore are embedded into the same neighborhood and community for longer. This allows for social cohesion, ultimately (1 comments)
national association of realtors: Pending Home Sales Show Another Gain - 10/22/10 12:08 AM
Pending home sales have increased for the 2nd consecutive month, according to the National Association of Realtors. The Pending Home Sales Index (a leading indicator for the housing sector, based on pending sales of existing homes) rose 4.3%. The data reflects contracts and not closings, which normally occur with a lag time of 1 or 2 months. Low mortgage interest rates appear to be bringing buyers back to the market. The pace of a home sales recovery still depends more on job creation and an accompanying rise in consumer confidence. The next Pending Home Sales Index will be released 11/05/2010, existing home sales (1 comments)
national association of realtors: Plunging Home Sales Could Sink Recovery - 09/18/10 11:33 PM
With home sales plunging to their lowest level in 15 years, economists warn that a double-dip in housing prices is just around the corner, threatening to further slow the overall recovery. Existing home sales sank 27.2%, twice as much as analysts expected, to a seasonally adjusted annual rate of 3.8 million units. Much of that drop is attributed to the end of the $8,000 homebuyer tax credit. That credit brought buyers out in droves, as they tried to sign home contracts before the 04/30/2010 deadline. Now, months later, sales are 34.0% below April's tax incentive-induced peak. The sales pace of all (4 comments)
Donald Horne, Associate Broker Oxford / Lapeer Homes
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.