Are homeowners warming up? With prices rapidly rising, homeowners have been reluctant to sell, fearful of being unable to afford another home—a catch-22, because inventory is limited as it is, and compounded further when homes are kept off the market. Now, their confidence is growing, according to the latest National Association of REALTORS® (NAR) Housing Opportunities and Market Experience (HOME) quarterly survey. Seventy-percent of Americans are optimistic about selling, wi

Total existing-home sales decreased 0.7% to a seasonally adjusted annual rate of 5.34M in July from 5.38M in June. With last month’s decline, sales are now 1.5% below a year ago. #selling #housingmarket #housing #infographic

The following information is provided by the Center for REALTOR® Development (CRD). NAR has been administering its annual Profile of Home Buyers and Sellers survey since 1981. The survey has grown from 59 to 131 questions, and gives us great insight into the trends, wants and needs associated with the most significant financial decision of most people’s lives: purchasing a primary residence for themselves and their families. In this article, we’re going to dig in a little dee

Don’t Restrict Access if Possible One of the best showing tips for selling a home is being exceptionally flexible! When selling a home if

Sellers are winning. According to an analysis recently released by Zillow, the average homeowner pocketed $38,856, or a 20.8 percent return, when selling, having had their home for 8.4 years. “In a housing market that’s been plagued by low inventory and increasing demand, homeowners in the nation’s hottest markets have been able to cash in when they sell their homes,” says Aaron Terrazas, senior economist at Zillow. “A home is typically the biggest investment someone makes, a

Confidence in housing is at a new record, with the Fannie Mae Home Purchase Sentiment Index® (HPSI) outdoing its past peak. The boost was ignited by optimism from sellers, who are benefitting from increasing prices. At 92.3, the Index rose 0.6 percentage points month-over-month and 6.1 points year-over-year. “The HPSI edged up to another survey high in May, bolstered in part by a fresh record high in the net share of consumers who say it’s a good time to sell a home,” says Do

Are you listing this summer? Get your outdoors in shape—it can pay off. According to National Association of REALTORS® (NAR) research, certain exterior improvements are likely to recoup at resale. Based on feedback from REALTORS®—who, through their experience, know what house hunters are ready to spend on—the best enhancements are lawn care, landscape maintenance and tree care, and installing an irrigation system. Landscape/lawn care pays for itself—generally 100 percent of t

The particular day of the week homeowners choose to list their home may increase the chances of it selling faster for a couple of reasons. Using Sunday as a baseline, Wednesday and Thursday appear to have the best relative advantage for listings, according to an analysis by Redfin, a real estate brokerage. Homeowners seeking to increase their payout should put homes on the market on Wednesday, whereas those seeking to sell faster should list on Thursday, the analysis showed.