The latest real estate news and updates from the media team at the National Association of REALTORS®. Have a press inquiry? Email us at media
@nar
.realtor.
Amidst ongoing supply constraints, home prices will increase in most of the country in 2018. However, the recent changes to the mortgage interest deduction and state and local tax deductions will impact some high-cost areas. Check out
@NAR_Research
's 2018 state forecast here:
#PunxsutawneyPhil
declared six more weeks of winter earlier this morning. Over the past 20 years, home sales have risen 3.8% and prices 2.3% in the years he's seen his shadow.
@NAR_Research
#GroundhogDay
Friday
#realestate
fact: "A desire to own a home own their own" was the top reason given by recent first-time buyers for why they decided to buy (65%). via
@NAR_Research
Is there a relationship between the direction of home sales and prices and whether or not Punxsutawney Phil sees his shadow?
@nardotrealtor
takes a look ahead of
#GroundhogDay
tomorrow: via
@NAR_Research
Heads up!
@NAR_Research
's 2018 Aspiring Home Buyers Profile will be released this morning at 10:00 ET. Find out how renters in 2017 felt about homeownership and their ability to afford to buy.
"Hesitant home buyers will be enticed to take advantage of low interest rates," said Lawrence Yun, chief economist at the NAR. He said the rate cut not only helps individual buyers, but also the entire real estate sector.
@annabahney
Staging your home to maximize its appeal has real, measurable benefits; according to the National Association of Realtors®, every $100 you invest in home staging can bring a return of $400.
#NAR
#HomeStaging
60% of renters believe now is a good time to buy, down from 62% last quarter but up from 57% a year ago.
Homeowners (79%), households with incomes above $100,000 and those living in the more affordable Midwest and South regions are the most optimistic
@NAR_Research
#NARHOME
"Home prices and even rents are increasing too rapidly, and more inventory would help correct the problem and slow price gains," said Dr. Lawrence Yun, the chief economist of the National Association of Realtors®.
@MaxJReyes
#NARPHS
Existing-home sales bounced back in February (3.0%) after two straight months of declines.
•February sales: 5.54 million
oSales are up 1.1% YoY
•NE: -12.3% MW: -2.4% S: 6.6%; W: 11.4%
•SF: 4.2% CD: -6.5%
via
@NAR_Research
#NAREHS
.
@NAR_Research
2018 Moving With Kids Report highlights the unique challenges & situations families with children face when buying and selling homes via
@RISMediaUpdates
"In 2020, more home-building activity and consequent growth in supply should tame down home price gains," said Lawrence Yun, the National Association of Realtors'® chief economist. "That's a healthy development for potential home buyers."
@KathyOrtonWP
According to the latest annual report by the NAR, in 2018 single female buyers accounted for 18% of all buyers, coming in behind married couples, 63%. Recent figures by NAR found that single women nationally purchased homes at a median price of $189,000.
Investor landlords don’t want to sell - rents are too good.
@NAR_Research
Chief Economist Lawrence Yun says more inventory is the only way to provide more homeownership opportunities
"People are relying on virtual showings, virtual tours, virtual listings, even virtual open houses," said NAR's VP of demographics Dr. Lautz. "So having something that looks beautiful with photos and videos is even more important right now."
@JessicaLautz
NAR Chief Economist Lawrence Yun says the market will miss the spring buying season, but the 2nd half should be a little better. "The autumn months will be better than the typical autumn or winter months compared to the season factors."
@JessicaPeresTV
.
@NAR_Research
's Lawrence Yun on today's solid report on January
#housingstarts
and what it means for housing supply, home prices and the Federal Reserve's potential plan for future interest rate increases: