What’s New

Debt-to-Income Ratios Rising Among Buyers

About one in five conventional mortgage loans issued this winter went to borrowers who spent more than 45 percent of their monthly incomes on their mortgage payment and other debts. This is the highest proportion since the housing crisis, according to CoreLogic, a real estate data firm. Further, that is nearly triple the proportion of such loans issued in 2016 …

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Do Consumers Think That Now is a Good Time to Buy?

New consumer findings from the National Association of Realtors® surprisingly show that while a growing share of households in the first three months of the year feel more confident about the economy and their financial situation, those positive feelings are not translating to positive views that now is a good time to buy a home. That’s according to NAR’s first …

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Home Buyers are Blowing Their Budgets

A recent survey found that buyers are spending more on their home purchase than they intended. A third of homeowners recently surveyed say that they blew through the upper limit of their home purchase budget by an average of $16,510, according to a new survey released by Owners.com of 1,214 Americans who purchased a home in the last four years. A …

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OUCH: Young Adults Feel Crushed By Rate, Price Hikes

The rising cost of purchasing a home is finally sinking in for home buyers and changing their house hunt, particularly for millennials. Seventy-nine percent of all consumer age groups recently surveyed say that rising interest rates will impact their home search, while 83 percent say that increasing home prices will impact theirs, according to a new online survey released by realtor.com® of …

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Home Buyer and Seller Generational Trends

Since 2013, the National Association of REALTORS® has been writing the Home Buyers and Sellers Generational Trends Report. This report provides insights into differences and similarities across generations of home buyers and home sellers. The home buyer and seller data is taken from the annual Profile of Home Buyers and Sellers. (SEE INFOGRAPHIC BELOW) Millennials are the largest share of …

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Will Buyers Lose if They Don’t Act Now?

Rising mortgage rates could have a big impact on the direction your buyers choose when shopping for real estate, economists warn. “Every time the interest rates go up, you eliminate a group of people who can no longer afford to buy a house,” Don Frommeyer, a mortgage broker at Marine Bank in Indianapolis, told realtor.com®. “Some people may have to rent …

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NAR: Banking Reform May Boost Real Estate

The National Association of REALTORS® has expressed support for the Economic Growth, Regulatory Relief and Consumer Protection Act, S. 2155, a banking reform bill the Senate plans to take up this week. The bill could open up more lending to households aspiring to become homeowners, NAR says. The bill balances consumer protections with changes that could make home lending more …

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Overcome Client Misconceptions About Home Valuation Tools

Jamie McCurdy wanted to sell her house in Houston quickly so she could move back to her home state of Missouri to be closer to family. McCurdy wasn’t concerned with making a big profit on the sale—after all, it was December 2013, and the local market was still trudging through the recovery of the last housing downturn. She just wanted …

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Household Net Worth Reaches Record High

Americans are feeling richer. Household net worth neared $100 trillion in the final quarter of last year, falling into record territory, according to new data released by the Federal Reserve on Thursday. Rising stock markets and property prices were attributed to the jolt in the fourth quarter. (Household net worth is the value of all of a consumer’s assets, like …

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Referrals Can Be a Major Source of Income

If a real estate professional is unable to assist a client in buying or selling, finding a referral can still help their client and earn them a commission too. Indeed, a real estate pro’s referral network can make up a portion of their yearly income. Forty-two percent of real estate professionals say they earned between $10,000 to $50,000 from fees …

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YPN Group to Host Paint and Sip, April 4

  Join NVBR’s YPN for the April Paint & Sip! NVBR’s Young Professional Network (YPN) is hosting their next Realtor Mixer, April 4, 5pm-7pm at the Spanked Puppy in Colchester.  As always, it’s great networking with food and drinks, this time including the opportunity to be creative with the optional “paint and sip.”  The first 20 people interested will be …

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Quick Start: Fundamental Real Estate Skills

Realtor® Magazine asked practitioners and real estate coaches serving a wide range of markets to share their reminders of the fundamentals that may be overlooked in the bustle of tending to everyday business. The result is this back-to-basics guide for establishing and maintaining a solid foundation for your real estate career. For more thorough insight on each bullet point, read …

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