Archive for May, 2016


Single women continue to impact real estate market

Buy Photo Bonita Kolb, right, and her Realtor, Angela Durr of ReMax Elite, stand outside Kolb’s townhome in Lenox Village off Nolensville Pike.(Photo: Shelley Mays / The Tennessean)Buy Photo Bonita Kolb remembers being a young, single mother in 1979 trying to buy her first house and how difficult it was to qualify for a mortgage. […]

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Existing-home sales posted best first quarter in nearly a decade

In an odd conundrum, despite constant headlines on lack of inventory and outrageous home prices, existing-home sales witnessed the best first quarter in nearly a decade. “In spite of deficient supply levels, stock market volatility and the paltry economic growth seen so far this year, the housing market did show resilience and had its best […]

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Is FHA reviving its condo financing?

Housing and Urban Development secretary Julian Castro Could the Federal Housing Administration (FHA) finally be opening its doors again to financing more condominium units? If so, that could be excellent news for young, first-time buyers and for seniors who own condo units and need a reverse mortgage to supplement their post-retirement incomes. Here’s why: FHA […]

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Despite Challenges, Existing-Home Sales Continue to Rise

Feverpitched/iStock The lack of residences on the market, leading to price jumps and bidding wars, isn’t stopping buyers from closing on the homes of their dreams. In April, the number of existing homes sold shot up 4.9% year over year, to 471,000 purchases across the great U.S. of A., according to a recent report from the […]

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You’re reading: Despite Challenges, Existing Home Sales Continue to Rise

Feverpitched/iStock The lack of residences on the market, leading to price jumps and bidding wars, isn’t stopping buyers from closing on the homes of their dreams. In April, the number of existing homes sold shot up 4.9% year over year, to 471,000 purchases across the great U.S. of A., according to a recent report from the […]

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Home Energy Labels Receive Scrutiny

Morguefile.com A few practitioners expressed frustration Tuesday over home energy labeling programs during the Land Use, Property Rights, and Environment forum at the REALTORS® Legislative Meetings Trade Expo in Washington, D.C. They told the committee that the government programs, which assign homes a score based on energy efficiency, could “stigmatize” older homes that haven’t undergone […]

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Existing US home sales are up for second month in a row

Model homes in Sacramento, California Home sweet home, America. Fueled by flourishing job growth and persistently low interest rates, home sales across the country rose for the second month in a row in April. From March to April, the number of sales of existing homes grew by 1.7 percent, exceeding the anticipated increase of 1.3 […]

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Realtor organizations in Fresno, Tulare merging

Realtor associations in the central San Joaquin Valley are merging to provide members and clients with better services while meeting new national operating standards. The Tulare County Association of Realtors and the Orange Belt Board of Realtors, based in Porterville, are joining forces. The Fresno Association of Realtors and the Yosemite Gateway Association of Realtors, […]

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NAR Member Survey Shows More, Younger Realtors® Entering the Industry

WASHINGTON, May 19, 2016 /PRNewswire/ — The median age and years of experience of Realtors® has decreased as new and younger professionals enter the industry, according to the 2016 National Association of Realtors® Member Profile. The survey’s results are representative of the nation’s nearly 1.2 million Realtors®; members of NAR account for about half of all […]

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Is the Silicon Valley Real Estate Bubble About to Explode?

While rental prices in the Bay Area are as nightmarishly expensive as they’ve ever been, it’s getting noticeably harder to sell a mansion in Silicon Valley. In super-wealthy Palo Alto, where the median price for a home is $2.1 million, Silicon Valley mansions—those costing more than $5 million—lingered on the market for 16 days in […]

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