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15 April 2023 | 5 replies
I understand that NAR is trying to make a point with their statistic.
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12 March 2023 | 13 replies
According to NAR, the average FSBO sold for nearly $24,000 less than an agent-represented property.Con: You'll be responsible for getting all the information you need about your perfect home.
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23 February 2023 | 4 replies
According to Nadia Evangelou, NAR’s senior economist and director of forecasting, a decrease in rates could mean a significant drop in the cost of mortgage payments for potential buyers.
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14 August 2019 | 0 replies
For comparison, the national housing inventory is at a 4.4-months supply, according to NAR;Townhome/condominium sales rebounded from two consecutive down months, with 697 units sold, tying a record set in June 2018.
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22 February 2023 | 14 replies
If they are a member of NAPRM or NAR (which I doubt), report them.
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28 February 2023 | 34 replies
Staging isn’t cheap, but the National Association of Realtors (NAR) estimates that, on average, staged homes sell 88% faster and for 20% more than non-staged homes.14.
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27 February 2023 | 0 replies
The "NAR" says Jacksonville is a top 10 choice for real estate investing for 2023.
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21 February 2023 | 3 replies
According to NAR and a bunch of other sources, real estate sells for more than the expense of a realtor when a realtor is used so definitely use one!
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5 September 2017 | 459 replies
This is unfortunate because (1) with the CORRECT education and experience, some of these people might have found a profitable and interesting career in the field and (2) real estate investing (as opposed to the real estate "business" ) could be a very important part of anyone's investment portfolio, providing diversification, inflation hedge, long term savings buildup, tax advantages, and cash flow.For someone who wishes to learn real estate investing, a far superior method of education is to take the courses leading to a real estate brokers license, take the additional courses offered by NAR, CCIM, ULI, etc., consider the seminars/courses taught be your local REIA, IF, they are taught by local people with actual experience and NOT national guru types.
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15 December 2022 | 10 replies
Lawrence Yun with NAR:- 10-year treasury yield is usually 2% lower than prime 30-year mortgage rates; the current spread is abnormally high between the two- Inventory is slightly over 1M nationwide which is historically low- First-time homebuyers, on average, need an annual income of $85K to comfortably afford a starter home; median home price will be 10% higher in 2023- 15% decrease in home sales in 2022 compared to 2023- 1 out of every 5 transactions are being cancelled; 60-64K transactions cancelled a month between July and now- 200,000 less agents in 2023 compared to now; 70% of agents and 80% of mortgage lenders have not worked in a "normal" market2023 Predictions:* -7% Unit Sales* +1% Home Values (various areas may see a decrease)2024 Predictions:* +10% Unit Sales* +5% Home ValuesI agree with your leading point - definite shift in the market, yet real estate is cyclical, so this should not come as a shock to the majority of people working in the industry.