National News

New Single-Family Home Sales Rise 17.2 Percent in October

New single-family home sales continued their strong 2012 performance, with sales in October rising more than 17 percent from last year. By Peter Ricci New single-family home sales increased 17.2 percent year-over-year in October, according to the latest joint report

2012 NAR Profile of Home Buyers and Sellers: Repeat Business

By Peter Ricci Referrals, it’s safe to say, are the lifeblood of a real estate agent’s career. Though networking and prospecting are invaluable for generating leads, it is through stellar service, and the referrals that such service generates, that

Green Building Market Expected to Triple by 2016

By Peter Ricci The 2013 Dodge Construction Green Outlook report, McGraw-Hill’s oft-cited study of the green building market, is predicting great things for green building in the U.S., estimating that the market will more than triple in the next

Miami Home Prices Rise 7.4 Percent in September Case Shiller

By Peter Ricci Miami home prices continued their 2012 surge, rising 7.4 percent year-over-year in September in the latest Case-Shiller Home Price Indices from Standard & Poor’s. Additionally, Miami home prices rose 0.1 percent from August to September, defying the

2012 NAR Profile of Home Buyers and Sellers: Characteristics of Homes

By Peter Ricci Last week in our continuing series on NAR’s 2012 Profile of Home Buyers and Sellers, we looked at the demographics of 2012’s homebuyers and how they searched for their future homes, and now, in our next

A Real Estate Christmas? Decorating Client’s Homes For the Holidays

By Peter Ricci We all get a kick out of walking around our neighborhoods and surveying everyone’s holiday decorations, and indeed, few things looks nicer than a brightly-lit, tastefully-decorated home in the wintry months. But what about homes you

Home Values Improve Yet Again in Zillow Home Value Index

By Peter Ricci National home values rose 1.1 percent from September to October in the latest Zillow Home Value Index, which is the largest monthly increase since August 2005 and the 12th consecutive month of value increases for the

The Pros & Cons of Selling Real Estate on Black Friday Weekend

By Peter Ricci Well, it’s here – after gorging on delicious helpings of turkey and potatoes on Thanksgiving, it’s now time to splurge on televisions, clothing, DVDs and various home furnishings on Black Friday, the official start of the

Creative Post-Thanksgiving Marketing Strategies

By Peter Ricci So, today is Thanksgiving, the notorious Turkey Day when we satisfy our prodigious appetites with turkey, stuffing, mashed potatoes, sweet potatoes, casseroles of the corn and green bean variety, and rolls – not to mention ice cream, pies,

2012 NAR Profile of Home Buyers and Sellers: Home Searching

By Peter Ricci Real estate has undergone a radical change in the last 15 years, but perhaps no area of the industry has changed more dramatically than that of how prospective homebuyers search for properties. What used to be

Builder Confidence Hits Six-Year High in NAHB Housing Market Index

By Peter Ricci The National Association of Home Builders/Wells Fargo Housing Market Index, the nation’s most reputable measure of homebuilder confidence, rose five points in November, increasing the overall index to 46, its highest point since May of 2006. The

2012 NAR Profile of Home Buyers and Sellers: Homebuyer Demographics

By Peter Ricci As a sales-based industry, real estate depends on clients, and as sales personnel, real estate agents benefit when they have a solid grasp of who those clients are and why they are interested in what they are

Census Bureau: October Housing Starts Rise to Four-Year High

By Peter Ricci Privately-owned housing starts in October rose 3.6 percent from September to an annual rate of 894,000, which is the highest rate since July 2008, according to new numbers from the U.S. Census Bureau. That total was

NAR: October Existing-Home Sales Rise 2.1 Percent, Inventory Declines

By Peter Ricci Existing-home sales rose 2.1 percent in October, according to the National Association of Realtors latest market report. Housing inventory, though, declined again in October, adding further pressure to home

Q3 Mortgage Delinquency Survey Very Encouraging for Housing Market

By Peter Ricci The U.S. mortgage markets and the housing market on the whole showed continued improvement in the latest Mortgage Delinquency Survey from the Mortgage Bankers Association (MBA), which studied delinquency and foreclosure rates across the country for

2012 NAR Profile of Home Buyers and Sellers: An Introduction

By Peter Ricci Once a year, in the last gasps of the autumn season, Christmas comes early for the residential real estate markets – the National Association of Realtors (NAR) releases its yearly Profile of Home Buyers and Sellers; and

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