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Travis Kessler will retire from his role as CEO and president of the Texas Association of Realtors. Kessler, a 48-year real estate industry veteran, served as Texas Realtors’ CEO and president for 14 years. Jef Conn, the trade group’s chairman, praised Kessler for ushering Realtors and their clients toward success.
California Association of Realtors CEO John Sebree has departed the trade organization. Sebree joined CAR as CEO two years ago after leaving Missouri Realtors. Since 2010, she has served as the CEO of CAR’s for-profit subsidiary Real Estate Business Services. “It
million , according to the National Association of Realtors. million on an annualized basis – the lowest since Q3 2010. Existing home sales declined 4.1% in October from September to a seasonally adjusted annual rate of 3.79 Compared to October 2022, existing home sales slumped 14.6%, down from 4.44 million in 2023, 4.7
The monthly Realtors Confidence Index helps to dispel many of the myths and cut through the noise of what is currently happening in the market. The National Association of Realtors Research Group has produced the index since 2008, at a time of turmoil in the real estate market.
The National Association of Realtors officially installed its new leadership team for 2024 at the trade organization’s annual conference, NAR NXT, in Anaheim, California, last week. She is a former president of the Idaho Association of Realtors. NAR also officially appointed Kevin Sears as its 2024 president-elect.
From 2010 to 2020, middle-income households gained $2.1 trillion in housing wealth, according to a new study by the National Association of Realtors , released on Wednesday. in 2010 to 29.8% NAR defined a middle-class homeowner as one earning an income of over 80% to 200% of the area median income. In 2020, just 27.7%
Clare Knapp, housing economist for the Austin Board of Realtors , counters the notion of a collapse “Austin is not the same Austin as it was eight years ago,” she said. occupied — one of the lowest numbers RealPage has recorded since 2010. According to Zillow , the city’s median rent across all property types stood at $2,025 as of Nov.
in October on a month-over-month basis, according to data released Thursday by the National Association of Realtors (NAR). Historically high rates harmed the housing market in October Annualized existing home sales remained below 4 million in October, the lowest rate since 2010. down from 72.6 in September. New home sales fell 5.6%
Founded in 1971 by Paul Sears, Sears Real Estate is owned and operated by the family of current National Association of Realtors president Kevin Sears. Not only am I super excited to be working with Brian and Kevin Sears, but also Dan Rodriguez, and James Cichetti along with all the Realtors at Sears Real Estate.
in September despite significant affordability hurdles weighing on the market, according to data released Thursday by the National Association of Realtors (NAR). Meanwhile, existing home sales in September fell to their lowest level since 2010, Realtor.com Senior Economic Research Analyst Hannah Jones said in an emailed statement.
DeRonja was an independent agent when he founded DeRonja Real Estate in 2010. Realtors, Corcoran Prime serves the Portland metropolitan area. In 2017, DeRonja added Amy Butler as managing broker. North Carolina isn’t the first state Corcoran has entered this year. In March, the brokerage added its first franchise in Oregon.
The latter is a big deal for the roughly 650,000 Californians who, since 2010, have received a tax break allowing them to maintain their relatives’ low property taxes when they inherit the home. The measure, which was supported by the California Association of Realtors (to the tune of $35.7 vote , a pro-Prop 19 website.
When Kevin Sears stepped into the role of National Association of Realtors president on Monday following Tracy Kasper’s resignation , he became the trade organization’s third president in a little over four months. In addition to serving his local and state Realtor organizations, Sears has served NAR in multiple roles over the years.
National Association of Realtors ’ (NAR) new “Housing Wealth Gains for the Rising Middle-Class Markets” study examines the distribution of housing wealth between 2010 and 2020 across income groups and in 917 metropolitan or micropolitan areas. Within that timeframe, total housing wealth for this income group surged by $2.1
in August, according to data released Thursday by the National Association of Realtors (NAR). Mirroring the trend for new home sales , pending home sales fell 7.1% All four regions of the U.S. posted month-over-month and year-over-year declines in transactions.
The monthly Realtors Confidence Index is an essential measure of what real estate professionals are seeing in their local markets and how the market is evolving on a monthly basis. The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market.
The big theme of my housing work since 2010 has been that the housing market would have its weakest recovery from 2008 to 2019 because we simply built too many homes versus the real demand curve, and monthly supply proves that. Then we had an 82% crash in new home sales, and the weakest new home sales recovery ever after 2010.
The National Association of Realtors (NAR) released a report on Friday that found 88% of all first-time homebuyers in the U.S. million in 2010. The NAR report also found that as a group, the share of first-time homebuyers dropped to a record low of 26% from 34% last year, and off the peak of 50% in 2010.
As the calendar has turned to May, and the Realtor Legislative Meetings have come to a close, it’s a good time to reflect on research that was released last month and throughout early 2022. Dr. Jessica Lautz is vice president of Demographics and Behavioral Insights at the National Association of Realtors.
Elevated mortgage rates and high home prices pushed sales of existing homes down again in October to the lowest monthly pace since August 2010. million, according to the N ational Association of Realtors. Existing-home sales dropped 4.1% in October from the prior month , reaching a seasonally adjusted annual rate of 3.79 million.
Kevin Sears Installed as 2025 President of The National Association of REALTORS® November 7, 2024 – At the annual National Association of REALTORS® Conference Governance Meeting , held at the Boston Convention & Exhibition Center, Kevin Sears was installed as the 2025 President of The National Association of REALTORS®.
The National Association of Realtors reported that existing home sales for January came in as a big beat at 6.5 Compare that to the 2010 demographic chart below, when that blue bump was still too young to kick in. This is well above my peak sales ranges for 2022, as the sales trend forecast was between 5.74 million and 6.16
The big theme of my housing work since 2010 has been that the housing market would have its weakest recovery from 2008 to 2019 because we simply built too many homes versus the real demand curve, and monthly supply proves that. Then we had an 82% crash in new home sales, and the weakest new home sales recovery ever after 2010.
Consider: In the fourth quarter of 2010, 23.1% The National Association of Realtors tracks the days on market, and unlike 2011, when it took over three months, the most recent existing home sales report shows only 24 days on market this year. Today that situation has improved significantly. of homes were underwater.
In 2010, more than 23% of homes in America were underwater. According to a recent survey by the National Association of Realtors (NAR), the median down payment recently for all buyers is 18%, compared to down payments in the single digits during the housing bubble crash period.
A report by the Latino Donor Collaborative found that Latino GDP grew 72 percent faster than non-Latino GDP over the entire period from 2010 to 2018. The National Association of Realtors saw the median home price jump 8.5% While barriers, these goals are not unachievable.
And the National Association of Realtors reported that, for the first time in a generation, housing prices rose in each of the 181 metro areas it tracks at the end of last year. Since 2010, Bank of America , Wells Fargo , and JPMorgan Chase have all paid multi-million-dollar settlements in response to U.S.
Despite this below average year, NOAA and the NECI report that the average number of acres burned each year has steadily increased since 1983, with a significant acceleration of wildfire activity between 2010 and 2022. Mitigation measures – including removing bushes or firewood near homes – can make a difference, he noted.
Knowing these trends and being able to discuss them with buyers and sellers will give Realtors a distinct advantage. Suggesting modern features to sellers to add to their homes before listing existing properties will also give agents additional power.
from 2010, per a recent U.S. Many people look at this surge we’ve been seeing in local home prices and home sales over the past five or six months and say these conditions are defying logic,” said Thomas Blanchard, the most recent president of the Greater Las Vegas Association of Realtors and managing broker for Signature Real Estate Group.
from 2010, per a recent U.S. The Scottsdale housing market, it appears, has joined the list of popular destinations, and even the heat isn’t scaring people off, according to local Realtors. Over the past 10 years, Arizona has enjoyed the ninth-largest population increase in the past 10 years, up 11.8% Census report.
Despite the acute inventory shortage, the National Association of Realtors estimated this week that 5.6 million last year, but higher than any year between 2010 and 2019. At the same time, Realogy’s CEO noted that the housing market is still pretty good – at least if you’re not a consumer trying to buy a home.
Fast forward to today, and the national average home price checks in at $417,700 as of the fourth quarter of last year, with California coming in more than double that at $843,000, according to data from the California Association of Realtors. Or, they are going back to renting! Census Bureau data.
It kind of started before the [ National Association of Realtors ] settlement went into effect, but commission compression is a real thing,” Brian Huskey, the broker-owner of Montana-based ERA American Real Estate , said. Traditionally we were seeing commissions here in the 5% to 6% range, but now it is more like 4.5%
Well, figures recently released by the National Association of Realtors (NAR) put the industry back in 2010. It's an oft-repeated adage that real estate is cyclical. That's because existing home sales have dropped over 15 percent year-over-year.
After filing a motion for a judgment as a matter of law late Thursday, the National Association of Realtors’ request was denied by Judge Stephen Bough. in 2010, before gradually climbing to 2.67% in 2019. Two of the slides he uses show average commissions on the sell side and the buy side for KW agents between 2002 and 2019.
Lamacchia Realty's Top Producing REALTORS for November 2024! has released its Top Producing REALTORS, for November 2024! This program recognizes the Top 10 REALTORS company-wide and the Top 3 or 5 REALTORS by office with the highest transaction numbers or sales for the month! Lamacchia Realty, Inc.
Higher mortgage rates continued to impact home sales over the last month, with existing home sales declining in September for the eighth consecutive month, according to a report from the National Association of Realtors (NAR). . “Expensive regions of the country are especially feeling the pinch and seeing larger declines in sales.”
million, according to a report from the National Association of Realtors (NAR) released Tuesday. Before that, you have to go back to October 2010 to find total sales this low.” In January, the seasonally adjusted sales pace for existing homes dropped 0.7% from December to a pace of 4.00 in January.
Existing home sales in September fell to lowest level since October 2010 as limited inventory and higher mortgage rates continued to weigh on homebuyers, according to the National Association of Realtors (NAR).
The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 Hopefully, this chart gives you some context to previous times when rates have risen post-2010. million , with double-digit home-price growth driving a housing market that is still savagely unhealthy.
This is a byproduct of the qualified mortgage rule of 2010, which has been a game-changer not only for the housing market but for the overall U.S. But one positive reason for the low inventory is that homeowners have great financials and aren’t being forced to sell their homes out of stress. NAR: Total existing-home sales receded 4.3%
The National Association of Realtors’ total Inventory data shows that historically we have between 2 to 2.5 I always stress how crucial it was to have the 2005 bankruptcy reform laws and the 2010 qualified mortgage laws, which together have allowed homeowners to have the best financial profiles in our country’s history.
That’s reflected in home prices, where the median Honolulu home sold for $975,000 in the second quarter of 2021, according to the National Association of Realtors , a climb of 20% year-over-year. from 2010 to 2020, Peoria’s population dropped 2.5% But overall demand is on the rise. Springfield, Missouri. national unemployment rate.
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