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Nearly every metro area tracked by the National Association of Realtors® – 99% – recorded year-over-year price increases in the first quarter of 2021, according to the latest quarterly report released by NAR. The 11 metro areas with the highest price increases saw median sales…
Read More Virtually Every Metro Area Experienced Home Prices Rise In First Quarter of 2021
Thomas Catenacci The price of lumber has skyrocketed to a record high and four times its usual price at this time of year, causing a spike in homebuilding costs, The Wall Street Journal reported. Lumber futures, or the market price for wood, reached a record $1,500.50…
Read More Lumber Prices Reach Record Heights Causing Home Prices To Surge
Pending home sales increased in March, snapping two consecutive months of declines, according to the National Association of Realtors®. All but one of the four major U.S. regions experienced month-over-month gains in March, while each area recorded year-over-year growth. The Pending Home Sales Index (PHSI),* www.nar.realtor/pending-home-sales, a forward-looking indicator of home…
Read More Pending Home Sales Grow 1.9% in March
The National Association of Realtors® announced today the launch of a mentorship initiative designed to help budding professionals in underserved areas thrive in a real estate career. The program, NAR Spire, will match Realtors® with mentees from historically marginalized communities with the goal of eliminating…
Read More NAR Unveils Mentorship Program Matching Realtors With Professionals In Underserved Areas
HILLSBOROUGH COUNTY, Fla. – Hillsborough County will offer two informational webinars this week to educate landlords on their rights and responsibilities under a new ordinance dubbed the Tenant’s Bill of Rights that was recently adopted by the Board of County Commissioners. The webinars offer landlords…
Read More Hillsborough Offering Education For Landlords On New Tenant’s Bill Of Rights
EDGEWOOD, Fla. – Fifteen years ago, when her mom founded Operation Love Ministries at a church she and the family attended, it was purely “a street ministry,” says Dracheka “Buffy” Barrott, broker of Residential Matchmakers LLC in Edgewood. “My mom went out where she saw…
Read More Realtor® Dracheka ‘Buffy’ Barrott: A Champion For The Underprivileged
Florida Realtors®, the state’s largest professional trade association, has launched a comprehensive education and advocacy effort centered on the urgent need to allocate the maximum amount of funding available in the State and Local Government Housing Trust Funds for affordable housing projects. The effort is…
Read More Florida Realtors Launches Affordable Housing Education and Advocacy Effort
Pending home sales dipped for a second straight month in February, according to the National Association of Realtors. Each of the four major U.S. regions witnessed month-over-month declines in February, while results were mixed in the four regions year-over-year. The Pending Home Sales Index (PHSI),*…
Read More Pending Home Sales Slip 10.6% in February
Existing-home sales declined in February, following two prior months of gains, according to the National Association of Realtors. Month-over-month, only one major region saw an increase in February, but all four U.S. regions recorded year-over-year gains. Total existing-home sales completed transactions that include single-family homes,…
Read More U.S. Existing-Home Sales Descend 6.6% in February
Existing-home sales rose in January, marking two consecutive months of growth, according to the National Association of RealtorsÒ. From a month-over-month perspective, buying activity varied in the major regions. Year-over-year, all four areas recorded double-digit gains in January. Total existing-home sales completed transactions that include…
Read More Existing U.S. Home Sales Tick Up 0.6% in January