Below are reports from NAR’s REALTOR® magazine on the Fed interest rate cut and an excerpt from Bloomberg’s coverage of Friday’s Labor Department jobs report. Last Wednesday’s action by the Federal Reserve was the first time it cut interest rates since the Great Recession took hold in 2008. The move is not likely to deliver […]
Record New Construction Promising – Or Not?
Reports of more new homes entering the pipeline in May than any other month since the end of the Great Recession sound rosy, but housing starts in the West and every part of the country except the Midwest, are down. “New-home construction activity soared to its highest level in over a decade, which is fantastic […]
Sales Highest Since July
Pending home sales moved up slightly in October month-over-month, enough to inch sales contracts up to the highest level since July, according to the latest reading from the National Association of REALTORS®’ Pending Home Sales Index, a forward-looking indicator based on contract signings. Nationwide, pending home sales managed a 0.1 percent month-over-month increase in October to […]
Oct. 10 – CVAR At A Glance
Featured Classes and Events Click Links to Register Oct. 10 | CRMLS Training – CVAR East Oct. 12 | Find, List, Sell Commercial Property – CVAR East Oct. 13 | Generate Leads with Online Video – CVAR East Oct. 14 | Notary Masters Seminar for New or Renewing Notary Public Oct. 15 | First-Time Home […]
Oct. 3 – CVAR At A Glance
Featured Classes and Events Click Links to Register Oct. 3 | CRMLS Live Lecture Series Oct. 6 | Technology Forum Oct. 6 | Reverse Mortgage Seminar CVAR West Oct. 7 | Social Security Secrets – 567 Ways to Claim Benefits! Oct. 12 | Find, List, Sell Commercial Property – CVAR East MLS Fee Is Past […]
Why Are Sellers Hesitating?
Properties in many cities throughout the country are flying off the market due to lack of inventory, yet many sellers are still hesitant. So why aren’t they selling? Turns out they are facing the same inventory and financial hurdles as potential home buyers. “REALTORS® are reporting diminished buyer traffic because of the scarce number of […]