There’s some encouraging news in NAR’s latest housing report, though sales of existing home are still falling amid economic uncertainty. Home sales continued sliding in September as home buyers retreat from the market amid near-7% mortgage rates and mounting recession fears. Total existing-home sales—comprising transactions for single-family homes, townhomes, condos and co-ops—dropped 1.5% last month …
Category: Real Estate Tips
Oct 25
Take Nothing for Granted
2020 NAR President Vince Malta reflects on how the association served people in this year like no other. THROUGH IT ALL: Area wildfires presented the latest challenge for President Vince Malta. Here, on a business call from his home, just outside San Francisco, he shows how the light appeared Sept. 9 at 10 a.m. As …
Oct 24
Our Precious Resource
Join the growing ranks of sustainability champions in our association. There are many benefits to being good stewards of our land—helping our clients save money through energy efficiency, using fewer precious resources, and creating vibrant, livable communities. As you gain knowledge and insight on sustainability, you create another layer of information value for your clients. …
Oct 21
Ways Your Clients’ Credit Affects You
You know that client credit is critical for mortgage approval, but are you aware of the impact it can have on your real estate business? Your clients’ credit is relevant in many more ways than just getting approved for a mortgage. You may be surprised to know that their scores have implications for your business …
Oct 19
NAR Launches Tree Planting Initiative in Partnership with National Forest Foundation
Goal to plant 1.5 million trees throughout the U.S. to represent NAR’s more than 1.5 million membership CHICAGO (September 22, 2022) – The National Association of Realtors® today announced a partnership with the National Forest Foundation that will result in 1.575 million trees being planted across the United States. The initiative, which will plant at …
Oct 18
NAR Integrates CompStak into RPR® Platform as Benefit for Commercial Members
NAR Integrates CompStak into RPR® Platform as Benefit for Commercial Members WASHINGTON (October 13, 2022) – The National Association of Realtors® and CompStak announced today a partnership to integrate CompStak into the Realtors Property Resource® platform. All NAR commercial members will have access to CompStak Exchange, an analyst-reviewed comp data and analytics platform. Members will …
Oct 14
Can You Talk to an Appraiser
Can You Talk to an Appraiser Forty-seven percent of real estate professionals say they have had a transaction fall through due to a problem in the appraisal process, according to the National Association of REALTORS®’ 2022 Appraisal Survey. The most common culprits are an appraised value coming in lower than the contract price and a …
Oct 13
Appraisers Say ‘We Have Targets on Our Backs’
Appraisers Say ‘We Have Targets on Our Backs’ How professionals are managing the biggest obstacles to the home valuation process. From allegations of appraiser bias in the home valuation process to new controversial methods of conducting an appraisal, the profession is under intensifying scrutiny—and a new National Association of REALTORS® survey offers insights into these …
Oct 12
Netflix’s Next Real Estate Star on the Future of the Luxury Market
Netflix’s Next Real Estate Star on the Future of the Luxury Market Mauricio Umansky, husband of “Real Housewives” star Kyle Richards, has his own show following his brokerage, The Agency. He offers a peek inside the occu-soap “Buying Beverly Hills” and makes predictions for high-end housing in 2023. Mauricio Umansky’s The Agency(link is external) caters …
Oct 11
Pros Show Community Pride During REALTOR® Volunteer Days
Pros Show Community Pride During REALTOR® Volunteer Days Real estate professionals across the country are joining in a week-long nationwide effort through Sunday to give back to their communities. During REALTOR® Volunteer Days, which is part of the REALTORS® Are Good Neighbors program, the National Association of REALTORS® is urging associations, brokerages, and members across …
Oct 10
Happy Halloween? Mortgage Rates Average 6.66%
Happy Halloween? Mortgage Rates Average 6.66% Despite a slight decrease this week in mortgage rates, the average for the 30-year fixed-rate loan remains more than double what it was a year ago, adding hundreds of dollars per month to financing costs for home buyers. This is prompting more buyers to retreat from the market: Mortgage …
Oct 07
A Passion for Giving That Outlasted a Pandemic
A Passion for Giving That Outlasted a Pandemic Five REALTORS® whose selfless drive and ingenuity helped fuel their charitable efforts to new heights in the midst of the COVID-19 pandemic have been named the National Association of REALTORS®’ 2022 Good Neighbor Awards winners. For 23 years, the Good Neighbor Awards has recognized real estate professionals …
