Browsing Posts In: Real Estate News

October 11, 2011 Posted by: scott

Foot traffic can give a strong indication of future home sales. SentriLock, LLC. provides NAR Research with monthly data on the number of showings. Foot traffic in the area covered by the Pagosa Springs Area Association of REALTORS® (California) has been stronger than a year earlier in every month since April. This year’s strength relative […]

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Posted by: scott

Mr. Nobel did not originally create a Nobel Prize for economics.  The prize for economists only began to be given out almost 70 years after the original prizes were created.  It is unclear to me why the economics subject got added so late, rather than other worthy subjects such as history, entrepreneurship (Steve Jobs?), or […]

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Posted by: scott

Each day the Research staff takes a look at recently released economic indicators, addressing what these indicators mean for REALTORS® and their clients. Today’s update highlights the 10-year Treasury and mortgage rates. The 10-year Treasury borrowing rate has been inching up in the past week, though it still remains at nearly historic lows.  Today’s rate […]

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October 10, 2011 Posted by: scott

Foot traffic can provide great insight into the direction of future home sales. SentriLock, LLC. provides NAR Research with monthly data on the number of showings. Foot traffic in the area covered by the Orange Belt Board of REALTORS® (Porterville, CA) has been stronger in each month since February relative to the same month in […]

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October 7, 2011 Posted by: scott

Each day the Research staff takes a look at recently released economic indicators, addressing what these indicators mean for REALTORS® and their clients. Today’s update highlights job growth. In contrast to August’s reported net zero job growth, the economy added 137,000 private jobs in September and lost 34,000 government jobs for a net non-farm job […]

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Posted by: scott

Recently a REALTOR® emailed NAR Research, asking about the advertising site ForSaleByOwner.com. “ForSaleByOwner” states that with a FSBO, “Sellers save big by not paying a hefty 6% commission.  They go on to state: “According to the National Association of Realtors (NAR), for sale by owner sellers not only sell faster, but they usually get closer to their […]

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October 6, 2011 Posted by: scott

A home buyer purchasing a typical American homeat the prevailing average mortgage rate  today would have a mortgage payment of  $698 a month. This figure is not much different from what a home buyer would have faced 30 years ago. In 1981, home prices were much lower but mortgage rates were reaching 18 percent. Today, home prices […]

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Posted by: scott

Each day the Research staff takes a look at recently released economic indicators, addressing what these indicators mean for REALTORS® and their clients. Today’s update highlights jobless claims. Jobless claims continue to flounder around the 400,000 mark, giving back some of last week’s improvement.  This week’s figure registered 401,000 up from last week’s measure of […]

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Posted by: scott

Foot traffic provides a strong indication of future home sales. SentriLock, LLC. provides NAR Research with monthly data on the number of showings. Foot traffic in the area covered by the Johnson County Board of REALTORS® (Clarksville, AR) grew substantially in the late summer. After spiking in March, traffic fell progressively through June. This year’s […]

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October 5, 2011 Posted by: scott

Record low mortgage rates, steady incomes, and falling home prices combined to boost affordability in Boise, Idaho. The ratio of debt service (principle and interest) relative to the local median household income stood at 9.3% in the 2nd quarter of 2011, down from 9.4% in 2010 and well below the national average of 14.7%. Historically, […]

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