National News

Existing-home sales rise again in July
Existing-home sales rise again in July

“Much of the home-sales growth is still occurring in the upper-end markets, while the mid- to lower-tier areas aren’t seeing as much growth because there are still too few starter-homes available.” — NAR chief economist Lawrence Yun

What do buyers want to see in your real estate listing marketing?
What do buyers want to see in your real estate listing marketing?

You might be surprised by the results of this survey.

New-home construction falls in July
New-home construction falls in July

“The bright spot in an otherwise underwhelming report comes from the increase in the overall number of permits issued, which can signal how much home construction is in the pipeline.” — First American deputy chief economist Odeta Kushi

NAR condemns racial profiling of Michigan agent
NAR condemns racial profiling of Michigan agent

After a Black real estate agent and his client were detained by police while viewing a house, the National Association of REALTORS® took a strong stance against the “deeply disturbing” incident of “racial profiling.”

Lot values are priced at a record high… Will it continue?
Lot values are priced at a record high… Will it continue?

Lot values for single-family homes are surging, according to an NAHB report. The current national median is $53,000: a record high.

No new median-home price records set in July
No new median-home price records set in July

For the first time since early March, no new records were set for median-home-sale prices last month, ending the five-month streak of record-breaking home prices.

Housing affordability hits 10-year low
Housing affordability hits 10-year low

Just 56.6% of homes sold during the quarter were affordable to families earning the U.S. median income of $79,900, according to the National Association of Homebuilders/Wells Fargo Housing Opportunity Index.

@properties moves into Indianapolis with new franchise
@properties moves into Indianapolis with new franchise

The Indianapolis-based firm will rebrand as @properties in the next 60 days.

Realtor survey shows importance of tech in pandemic
Realtor survey shows importance of tech in pandemic

Looking forward, 37% of the survey’s respondents expect drones to be the most-impactful technology over the next 24 months, followed by cyber security (34%), 5G (31%) and virtual reality (30%).

Share of international homebuyers fell last year
Share of international homebuyers fell last year

International buyers purchased 107,000 residential properties from April 2020 through March 2021, marking a 31% decline from the 154,000 residences bought the previous year.

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