I have been pretty quiet online about some real estate commission lawsuits and the proposed settlement by NAR, the National Association of REALTORS(R). I have, though, been involved in private discussions about what the commission lawsuits have been about and what the NAR proposed settlement can mean to Baltimore homebuyers and sellers. **TO START - [...]
The 2023 Profile of Home Buyers and Sellers from the National Association of REALTORS has been released. Here are some highlights from the 2023 Profile of Home Buyers and Sellers report: In 2023, 32% of Home Buyers were first-time homebuyers, which is up from 2022, where 26% of homebuyers were first time homebuyers. This is [...]
Pending home sales across the US rose for a third consecutive month in February 2023. The National Association of REALTORS(R) "Pending Home Sales Index," which is based on signed accepted contracts on existing homes, rose 0.8% last month to 83.2. This is the highest level we have seen since August 2022. It is down, though, [...]
The 2022 Profile of Home Buyers and Sellers from the National Association of REALTORS has been released. Here are some highlights from the 2022 Profile of Home Buyers and Sellers report: In 2022, 26% of Home Buyers were First-time homebuyers, which is a drop from 2021, where 34% of homebuyers were first time homebuyers. This [...]
The 2021 Profile of Home Buyers and Sellers from the National Association of REALTORS has been released. Here are some highlights from the 2021 Profile of Home Buyers and Sellers report: In 2021, 34% of Home Buyers were First-time homebuyers, which is an increase from 2020, where 31% of homebuyers were first time homebuyers. The [...]
The US housing shortage, which has created a heated market, could go on for years, according to a homebuilder CEO in a CNBC interview. Taylor Morrison CEO Sheryl Palmer said in the interview, "We are at multiyear lows as far as new and resale inventory, and, honestly, it's going to be very difficult for [...]
National Homeownership Month is the month of June each year. Though 2020 has been a wildly different year than past years, we can still bring attention to homeownership and its benefits this month! The celebration started as a week years ago, and in 2002 President George W. Bush proclaimed the month of June to be [...]
June is National Homeownership Month. National Homeownership Month is a month dedicated to bringing attention to homeownership and its benefits. The celebration started as a week years ago, and in 2002 President George W. Bush proclaimed the month of June to be dedicated to homeownership. Every president since has proclaimed June as National Homeownership Month. [...]
Cigarette smoke smell can reduce the resale value of homes comes from a post by Realtor.com, the website of the National Association of Realtors about this topic. The Realtor.com article states that cigarette smoke can reduce the resale value of a home by up to 29 percent! There are a number of ways to attempt [...]
Across the US, home sales in December 2019 dropped more than the usual seasonal reduction in sales. Home sales dropped an average of 6.4% from November. According to both the National Association of REALTORS and a CNBC article, the drop was unusually large, as sales generally vary monthly in the very low single digit averages. [...]