Housing Supply Overview Although inventory continues to show signs of improvement across the country – especially in markets in the western part of the U.S. – the national increase seems to be coinciding with a reduction in sales. This could be because the inventory increases are in higher price ranges that many buyers cannot currently afford. For the 12-month… Read more »
Read MoreMarch Education Free NAR Code of Ethics Training Cost: Free Credit Hours: NAR Code of Ethics Date: Wednesday, March 20, 2019 Time: 10:00 AM – 12:30 PM The REALTOR® Code of Ethics is what sets you apart from other real estate agents and distinguishes you as a REALTOR®. It’s also required training by NAR. This year… Read more »
Read MoreHousing Supply Overview Inventory is gradually starting to improve in many pockets across the country, including in several markets that are showing year-over-year percentage increases. Listings tend to improve immediately after a new year, but this national increase also has to do with fewer sales. For the 12-month period spanning February 2018 through January 2019, Pending Sales in the… Read more »
Read MoreHousing Supply Overview Although every community is different, a general analysis of all housing markets across the country reveals that housing inventory is slowly moving toward balance with year-ago levels. This is the first indication in years that we may be approaching an inventory bottom. For the 12-month period spanning November 2017 through October 2018, Pending Sales in the Western… Read more »
Read MoreHousing Supply Overview According to a recent study by Fannie Mae, 24 percent of Americans feel that now is a good time to buy a house. That number was 54 percent five years ago. Feelings change rapidly when incomes do not match well with home prices and frustration sets in. For the 12-month period spanning October 2017 through… Read more »
Read MoreWe need your help! The Senate Finance Committee met Wednesday, September 26, 2018 to adopt legislation on tax conformity. The full Senate will convene into special session on Tuesday, October 02, 2018 to take up this important legislation. Conformity on the state level to the changes under the new federal law (Tax Cuts and Jobs… Read more »
Read MoreHousing Supply Overview The potential of an affordability conundrum has veered into the national spotlight, as household wages struggle to keep pace with home price increases. Yet it is ill-advised to predict a heavy shift toward fewer sales and lower prices. Consumers have learned a lot in the last decade. For the 12-month period spanning September 2017 through… Read more »
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