Considering the improving job market, low mortgage rates and low home prices, 2013 is expected to be a very good year to buy or sell a house, said Patrick Newport, a U.S. economist with IHS Global Insight, as quoted in a National Association of Realtors article.
A key factor in today's home-selling market is the growing activity by investors, both individuals and institutional investors. They are buying low-cost distressed properties and converting them into income-producing rentals.
Area Realtors say this year’s increase in dues for the National Association of Realtors is no undue burden because they appreciate the added benefits the trade group is offering for the new bucks.
The number of Americans who bought previously occupied homes rose last month. But the National Association of Realtors says it overstated more than 3 million sales during and after the Great Recession, showing the housing market was weaker than previously thought.
This week, the National Association of Realtors was scheduled to release revised home sales data for the past five or so years.
The association shocked lots of people when, this month, it announced that data going back to 2007 had overstated sales.
As if things weren’t bad enough, NAR has another reason to reach for bottles sealed with cotton (or corks). In a revelation that could make some question the trustworthiness of NAR’s figures and sully its reputation forever – OK, maybe that’s going a bit too far – the association this week announced that its home sales data going back about five years might be too high.
Just like in any business, Raphael Goldstein needed to build his clientele when he became a real estate agent 12 years ago. So, the Venezuela native decided to reach out to a niche group, one that he was familiar with: Latinos. At night, he’d thumb through the phone book, looking for Latino-sounding last names. “I [...]
WASHINGTON — Congressional bargainers have agreed to increase the size of mortgages insured by the Federal Housing Administration in a compromise being hailed by the housing industry but criticized by conservatives. Under the deal by House and Senate negotiators, the FHA would be able to insure mortgages worth up to $729,750 in the most expensive [...]
There might be price stabilization in the Charlotte real estate market soon, the chief economist for the National Association of Realtors said this week. Lawrence Yun, speaking Tuesday to 236 real estate professionals during a Charlotte Regional Realtor Association event, said new housing starts have plummeted from a 2007 high of 25,000 in Charlotte to [...]
The chief economist for the National Association of Realtors will make a presentation on “Real Estate Market Trends and Housing Forecast” at an event hosted by the Charlotte Regional Realtor Association. The event featuring Lawrence Yun will run from 9:30 to 11 a.m. Tuesday at Charlotte Marriott Executive Park, 5700 Westpark Drive. Yun will discuss recent [...]