National News

The Pros & Cons of Selling Real Estate on Black Friday Weekend

By Peter Ricci Well, it’s here – after gorging on delicious helpings of turkey and potatoes on Thanksgiving, it’s now time to splurge on televisions, clothing, DVDs and various home furnishings on Black Friday, the official start of the

Creative Post-Thanksgiving Marketing Strategies

By Peter Ricci So, today is Thanksgiving, the notorious Turkey Day when we satisfy our prodigious appetites with turkey, stuffing, mashed potatoes, sweet potatoes, casseroles of the corn and green bean variety, and rolls – not to mention ice cream, pies,

2012 NAR Profile of Home Buyers and Sellers: Home Searching

By Peter Ricci Real estate has undergone a radical change in the last 15 years, but perhaps no area of the industry has changed more dramatically than that of how prospective homebuyers search for properties. What used to be

Builder Confidence Hits Six-Year High in NAHB Housing Market Index

By Peter Ricci The National Association of Home Builders/Wells Fargo Housing Market Index, the nation’s most reputable measure of homebuilder confidence, rose five points in November, increasing the overall index to 46, its highest point since May of 2006. The

2012 NAR Profile of Home Buyers and Sellers: Homebuyer Demographics

By Peter Ricci As a sales-based industry, real estate depends on clients, and as sales personnel, real estate agents benefit when they have a solid grasp of who those clients are and why they are interested in what they are

Census Bureau: October Housing Starts Rise to Four-Year High

By Peter Ricci Privately-owned housing starts in October rose 3.6 percent from September to an annual rate of 894,000, which is the highest rate since July 2008, according to new numbers from the U.S. Census Bureau. That total was

NAR: October Existing-Home Sales Rise 2.1 Percent, Inventory Declines

By Peter Ricci Existing-home sales rose 2.1 percent in October, according to the National Association of Realtors latest market report. Housing inventory, though, declined again in October, adding further pressure to home

Q3 Mortgage Delinquency Survey Very Encouraging for Housing Market

By Peter Ricci The U.S. mortgage markets and the housing market on the whole showed continued improvement in the latest Mortgage Delinquency Survey from the Mortgage Bankers Association (MBA), which studied delinquency and foreclosure rates across the country for

2012 NAR Profile of Home Buyers and Sellers: An Introduction

By Peter Ricci Once a year, in the last gasps of the autumn season, Christmas comes early for the residential real estate markets – the National Association of Realtors (NAR) releases its yearly Profile of Home Buyers and Sellers; and

Fannie Mae’s “Housing Insights” Examines Homeowner and Rental Markets

By Natalie Terchek Fannie Mae’s Economic & Strategic Research Group released a new edition of its Housing Insights survey that examines how the recession affected homeownership and rental markets. Interestingly, even with rents rising, homeownership rates are on a

Does it Still Pay to Buy REO Properties?

By Peter Ricci There have been many unfortunate side effects to the housing downturn, but for homebuyers and agents who have been able to capitalize, there has been one decided benefit – heavily discounted REO properties, with price reductions

How Will the Fiscal Cliff Affect Real Estate?

By Peter Ricci Unless you’ve been living in severe isolation the last couple months, you know all about the so-called “Fiscal Cliff,” the rather dramatic name that the media has given to the latest round of budgetary disputes facing

2012’s Record Low Mortgage Interest Rates – A History Lesson

By Peter Ricci In case you missed it, Freddie Mac announced what has by now become common in real estate – mortgage interest rates hit new record lows last week, with the 30-year FRM falling to 3.34 percent and the 15-year

Century 21 Returns to Super Bowl Marketing Roster

By Natalie Terchek Real estate company Century 21 is returning to the Super Bowl’s marketing roster for the second year in a row. According to Beverly Thorne, Century 21’s CMO, the company is expected to air a 30-second commercial

Is a 15 Percent Increase in Home Prices a Good Thing for Housing?

By Peter Ricci Lawrence Yun, the chief economist of the National Association of Realtors, is known for his optimistic predictions about the housing market, and he just recently made another notable projection: home prices, according his projections, will rise by

Housing Market Continues To Improve in Redfin Real-Time Seller Survey

By Peter Ricci The housing market continued to show signs of incremental improvement in Redfin’s latest Real-Time Seller Survey, a study of the homebuyers attitudes towards real estate in the fourth quarter. A sample of 1,287 homeowners throughout the

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