Real estate news

• Home Prices on Long-Term Spell Upward

  24-04-2018 22:13
  Home prices are continuing their long-term spell upward, with a February gain of 6.3 percent, according to the S&P CoreLogic/Case-Shiller Indices.
  The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index’s 10-City Composite, which is an average of 10 metros (Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York, San Diego, San Francisco and Washington, D.C.), rose 6.5 percent year-over-year, an increase from 6 percent in January. The 20-City Composite—whic
  
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• Planning a Vacation Getaway?

  24-04-2018 22:10
  NAR PULSE—Remind your agents that NAR members get discounts year-round on car rentals. Take advantage of your member benefits the next time you rent a car through REALTOR Benefits® Program partners Avis®, Budget® and Hertz® and save up to 25% off base rates. Add coupon codes for even bigger savings! Start saving today!
  Remind Agents to Complete Code of Ethics TrainingEncourage your members to create an action plan to complete their NAR Code of Ethics Training requirement be
  
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• New-Home Sales Take Off

  24-04-2018 21:59
  March new-home sales took off, up 4 percent to 694,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $369,900, while the median was $337,200. New-home listing inventory was 301,000—5.2-months supply.
  “The March new-home sales report is consistent with our solid builder confidence readings over the past several months,” said Randy Noel, chairman of the National Association of Home Builders (NA
  
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• Rolling the dice on Atlantic City

  24-04-2018 18:28
  
  The Atlantic City-Hammonton, New Jersey Metropolitan Statistical Area boasts a legendary boardwalk and coastline but is now as well known for its bankrupt casinos. And, rather than a growing population with expanding economy, the region remains on a downward trend, with a projected -2.9% depreciation.
  
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• LendingTree reveals the cities with the highest rates of denied mortgage applications

  24-04-2018 17:00
  
  [Expert commentary] As the spring selling market heats up, buyers continue to face increasing odds against finding their dream homes. Inventory is low, demand is high and rates have been steadily creeping upwards for months. These factors are only complicating what can already be an arduous experience for would-be homebuyers hoping to get approved for a mortgage. In a new study analyzing more than 10 million mortgage application records, LendingTree found nearly one out of every 10 mortgage appl
  
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• Pam Patenaude headlines the NEXT Mortgage Tech Conference for Women

  24-04-2018 02:01
  
  The NEXT Conference takes place June 21-22 in Dallas and features informative panels, technology demos and the chance for mortgage lending executives to network. But one of the most exciting things on the agenda is the headliner: Pam Patenaude, deputy secretary at the Department of Housing and Urban Development. The deputy secretary position at HUD is similar to that of a COO, and Pam is leveraging 30 years of experience shaping and implementing housing policy as she manages
  
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• Class Appraisal names Scot Rose chief innovation officer

  24-04-2018 00:31
  
  Fresh off being acquired by Narrow Gauge Capital, appraisal management company Class Appraisal announced Monday that it named Scot Rose as the company’s new chief innovation officer. At Class, Rose will be focused on the advancement of appraisal, valuation product and platform innovation as well as leading the firm’s strategic vision in those areas.
  
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• Zen Design Takes Over Luxury Listings

  24-04-2018 00:00
  Wellness amenities and architecture are finding popularity in high-end real estate.
  
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• More Agents Find Value in Promoting Green

  24-04-2018 00:00
  As public interest in sustainability grows, real estate professionals are focusing their marketing on eco-friendly home features and business...
  
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• Masses of Tumbleweed Bury Homes Out West

  24-04-2018 00:00
  Strong winds in Southern California and Utah have blown the spiky, dead desert plants onto properties, piling up to 5 feet high and blocking...
  
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• Inventory Plummets in Lower Price Points

  24-04-2018 00:00
  Bargain hunters and first-time home buyers are facing sticker shock, as finding a property for less than $250,000 gets tougher and tougher.
  
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• Home Sales Should Be Higher—But They’re Not

  24-04-2018 00:00
  Buyer demand is high, and the broader economic environment remains favorable for selling. But here’s why sales just can’t seem to...
  
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