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Tagged : realtors

Found 3 blog entries tagged as "realtors".

Real estate industry keeps growing at a remarkable rate. If you are reading this article, chances are you are considering a career as a real estate agent. Great! I can`t tell you enough how exciting it can be and how much freedom it can get you. Not only a financial freedom but also a new lifestyle where you can dictate your own schedule, what you do, when and how.. You get to meet a lot of great and "not so great" people. But overall, one thing is for sure, sky is the limit in terms of what you can achieve. And it doesn`t matter if you are in your 30's, 40's, 50's or any other age. You can quickly rip the benefits of being a real estate professional. 

There is no such thing as starting too young, or too old, both have their advantages. Many

988 Views, 2 Comments

half homes

Fifty-one percent of homes sold in July were on the market for less than a month, according to the National Association of REALTORS®’ existing-home sales report, released Thursday.

Properties typically stayed on the market for 30 days in July, down from 36 days a year ago.

“Buyer interest in most of the country has held up strongly this summer and homes are selling fast, but the negative effect of not enough inventory to choose from and its pressure on overall affordability put the brakes on what should’ve been a higher sales pace” for existing-home sales last month, says Lawrence Yun, NAR’s chief economist. “Contract activity has mostly trended downward since February and ultimately put a large dent on closings last month.”

Total

837 Views, 1 Comment

family

The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average is almost nine years – an increase of almost 50%.

graph

Why the dramatic increase?

The reasons for this change are plentiful!

The fall in home prices during the housing crisis left many homeowners in a negative equity situation (where their home was worth less than the mortgage on the property). Also, the uncertainty of the economy made some homeowners

579 Views, 2 Comments

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