The National Association of REALTORS® surveyed their members for their monthly Confidence Index.
The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions.
Homes sold in less than a month in 24 out of 50 states, and Washington D.C.
Homes typically went under contract in 27 days in May!
Median Days on the Market Drops to 27! [INFOGRAPHIC] was last modified: July 17th, 2017 by Brenda Jones
Inventory of homes for sale has dropped 8.4% since last year, marking the 24th consecutive month of year-over-year declines.
NAR’s Chief Economist, Lawrence Yun had this to say: “Those able to close on a home last month are probably feeling both happy and relieved. Listings in the affordable price range are scarce, homes are coming off the market at an extremely fast pace and the prevalence of multiple offers in some markets are pushing prices higher.”
Existing Home Sales Surge into Summer [INFOGRAPHIC] was last modified: July 17th, 2017 by Brenda Jones
Whether you are selling your home, just purchased your first home, or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most Return On Investment (ROI).
While big projects like adding a bathroom or a complete kitchen remodel are popular ways to increase a home’s value, something as simple as updating landscaping and curb appeal can have a quick impact on a home’s value.
For more information about top renovation projects that net you the most ROI, you can check out the complete list here.
Top Home Renovations for Maximum ROI [INFOGRAPHIC] was last modified: June 16th, 2017 by Brenda Jones