Lower mortgage rates are drawing out more prospective buyers to look at properties, but house hunters are taking their time in committing. In the final quarter of 2019, 60% of actively engaged buyers reported spending at least three months searching for a home. That is up from 58% a year earlier, according to the Housing Trends Report from the National Association of Home Builders.
The 2020 “That’s Who We R” is live! The campaign helps consumers understand that REALTORS are real estate experts in their local communities, who abide by NAR’s Code of Ethics and fight for real estate dreams and property rights. In 2020, the campaign ads rally consumers to “Look for the R” for reassurance, resources and reliable guidance on their path to property ownership.
Lower mortgage rates and moderating home prices are making purchasing a home over renting more tempting in several of the nation’s metros, according to realtor.com®’s newly released Rent vs. Buy report. While the gap is starting to narrow between buying and renting nationwide, it is still more expensive to purchase a home in the majority of larger metros than rent. The median monthly cost to purchase a U.S.
A group of top economists arrived at a consensus 2020 economic and real estate forecast at the National Association of Realtors®’ first-ever Real Estate Forecast Summit. The economists who gathered at NAR’s Washington, D.C. headquarters expect the U.S. economy to continue expanding next year while projecting real estate prices will rise and reiterating that a recession remains unlikely.
GMM- General Membership Meeting- REGISTRATION ENDS WEDNESDAY FEB 5TH- NOON
Seating is limited. Learn about REAL ESTATE TRENDS
Americans are feeling upbeat about the housing market. More than half of Americans—or 63%—say now is a good time to buy a home, and 74% of sellers say now is a good time to sell, according to the fourth-quarter findings from the Homeownership Opportunities and Market Experience survey, conducted by the National Association of REALTORS®.
Click HERE to read REALTOR Magazine’s article.
New NAR Phone App. Sharing your REALTOR® pride has just gotten a whole lot easier.
Police are investigating the shooting death of a female real estate professional in Minneapolis who was abducted from a house she was showing on New Year’s Eve. Monique Baugh, 28, who was a sales associate with Kris Lindahl Real Estate was found Tuesday night in an alley with multiple gunshot wounds. Baugh was transported to a hospital, where she later died.
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