National News

The Pros & Cons of Selling Real Estate on Black Friday Weekend

By Peter Ricci Well, it’s here – after gorging on delicious helpings of turkey and potatoes on Thanksgiving, it’s now time to splurge on televisions, clothing, DVDs and various home furnishings on Black Friday, the official start of the

Creative Post-Thanksgiving Marketing Strategies

By Peter Ricci So, today is Thanksgiving, the notorious Turkey Day when we satisfy our prodigious appetites with turkey, stuffing, mashed potatoes, sweet potatoes, casseroles of the corn and green bean variety, and rolls – not to mention ice cream, pies,

2012 NAR Profile of Home Buyers and Sellers: Home Searching

By Peter Ricci Real estate has undergone a radical change in the last 15 years, but perhaps no area of the industry has changed more dramatically than that of how prospective homebuyers search for properties. What used to be

Builder Confidence Hits Six-Year High in NAHB Housing Market Index

By Peter Ricci The National Association of Home Builders/Wells Fargo Housing Market Index, the nation’s most reputable measure of homebuilder confidence, rose five points in November, increasing the overall index to 46, its highest point since May of 2006. The

2012 NAR Profile of Home Buyers and Sellers: Homebuyer Demographics

By Peter Ricci As a sales-based industry, real estate depends on clients, and as sales personnel, real estate agents benefit when they have a solid grasp of who those clients are and why they are interested in what they are

Census Bureau: October Housing Starts Rise to Four-Year High

By Peter Ricci Privately-owned housing starts in October rose 3.6 percent from September to an annual rate of 894,000, which is the highest rate since July 2008, according to new numbers from the U.S. Census Bureau. That total was

Open Houses? Yup, There’s an App For That

If you sit open houses, you know that it can be a great opportunity to showcase your property, network and meet potential buyers. But how do you gather REAL contact

NAR: October Existing-Home Sales Rise 2.1 Percent, Inventory Declines

By Peter Ricci Existing-home sales rose 2.1 percent in October, according to the National Association of Realtors latest market report. Housing inventory, though, declined again in October, adding further pressure to home

Q3 Mortgage Delinquency Survey Very Encouraging for Housing Market

By Peter Ricci The U.S. mortgage markets and the housing market on the whole showed continued improvement in the latest Mortgage Delinquency Survey from the Mortgage Bankers Association (MBA), which studied delinquency and foreclosure rates across the country for

More Co-Listings At Higher Prices

How many listings are co-listed? The answer is 17.39 percent of all for-sale, non-commercial, non-land listings that have closed since Jan. 1st, 2011. LeapRE looked at what price bracket has the highest percentage of co-listed listings, and found that

Using Pinterest To Find What Homebuyers Want

If you’re on Pinterest and not yet overwhelmed by all the “pins” and “repinning” and just how many categories you can pin ideas to, congratulations, because as an agent, Pinterest is a site that can help you not only

Rising Home Prices Lift 1.3 Million Borrowers Above Water

By Kerri Ann Panchuk Rising home prices lifted more than 1.3 million underwater homeowners above water this year, the Obama Administration said in its October Housing Scorecard report. The latest report shows more signs of a strengthening housing market,

REach Program: A New Revenue Stream for NAR or a Powerful Start-up Incubator?

By Lani Rosales, AGBeat This month, the National Association of Realtors (NAR) REach, the new real estate technology incubator which seeks companies at all stages of growth, noted that the accelerator program “will be particularly useful to those just

2012 NAR Profile of Home Buyers and Sellers: An Introduction

By Peter Ricci Once a year, in the last gasps of the autumn season, Christmas comes early for the residential real estate markets – the National Association of Realtors (NAR) releases its yearly Profile of Home Buyers and Sellers; and

Fannie Mae’s “Housing Insights” Examines Homeowner and Rental Markets

By Natalie Terchek Fannie Mae’s Economic & Strategic Research Group released a new edition of its Housing Insights survey that examines how the recession affected homeownership and rental markets. Interestingly, even with rents rising, homeownership rates are on a

Does it Still Pay to Buy REO Properties?

By Peter Ricci There have been many unfortunate side effects to the housing downturn, but for homebuyers and agents who have been able to capitalize, there has been one decided benefit – heavily discounted REO properties, with price reductions

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