Home Sales Retreat to Pre-Pandemic Levels

June 23, 2022 in KCRAR

By Melissa Dittman Tracey, REALTOR® Magazine Home sales are falling from their pandemic-fueled highs as home buyers tighten up their budgets. “Home sales have essentially returned to the levels seen in 2019—prior to the pandemic—after two years of gangbuster performance,” says Lawrence Yun, chief economist for the National Association of REALTORS®. Movement in both single-family […]

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Contract Signings Hit Slowest Pace in Nearly a Decade

June 2, 2022 in KCRAR

REALTOR® Magazine The housing market is slowing: Pending home sales fell 3.9% in April, marking the sixth consecutive month for declines and the slowest pace in nearly 10 years. NAR’s Pending Home Sales Index—a forward-looking indicator of home sales based on contract signings—was down 9.1% in April compared to a year earlier. Lawrence Yun, NAR’s […]

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Avoid Fair Housing Violations in Advertising

April 7, 2022 in KCRAR

Real estate professionals are legally obligated to uphold fair housing laws, and the language and images you use in your advertising needs to be vetted carefully. REALTORS® also have an obligation to do so under Article 10 of the Code of Ethics. “Advertisements should never indicate a preference or limitation based on a protected class, […]

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Report Shows ‘Double Trouble’ for Housing

February 10, 2022 in KCRAR

Record-high home prices and record-low inventories, a combination labeled “double trouble” by analysts, are growing roadblocks for many Americans to achieve homeownership, particularly for Black Americans, according to a new analysis from the National Association of REALTORS® and realtor.com®. The newly released report, “The Double Trouble of the Housing Market,” examines the impacts of rapidly rising […]

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2022 Economic Outlook: Take the Good With the Bad

January 20, 2022 in Community

by Lawrence Yun, Chief Economist, National Association of REALTORS® Key Takeaways: Mortgage rate increases will hamper housing affordability in 2022. First-time buyers will need your expertise to get out from under annual rent increases. Current homeowners may find themselves ‘mishoused’ as a result of the pandemic and seek out new lifestyle choices. Commercial real estate […]

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NAR to Congress: Keep Housing in Infrastructure Bill

October 21, 2021 in Government Affairs

REALTOR® Magazine Leaders from the National Association of REALTORS® and other housing groups went to the U.S. Capitol on Wednesday to urge lawmakers to preserve the affordable housing provisions in the infrastructure bill Congress is debating. Lawmakers are whittling down the package—which invests in various programs such as health care, paid family leave, affordable housing, […]

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4 ‘Danger Zones’ in Your Daily Work Routine

September 17, 2021 in KCRAR

by Catherine Mesick, REALTOR® Magazine Establishing safety protocols on the job is one of the best ways to protect your personal safety, especially as 14% of REALTORS® say they’ve feared for their physical well-being or the security of their personal information at work, according to the National Association of REALTORS®’ 2021 Member Safety Report. “Crimes against real […]

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Image description: Aerial view of residential neighborhood in the Autumn.

Land Banks on the Rise

August 19, 2021 in KCRAR

Catherine Mesick, REALTOR® Magazine More communities are turning to land banks to help address vacant, abandoned, and tax-delinquent properties. Since 2010, over 200 land banks have launched nationwide, said Brian Larkin, director of the National Land Bank Network at the Center for Community Progress. Land banks acquire and maintain distressed properties with the goal of transferring them […]

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Behind the Hype: What 5G Means For Real Estate

July 8, 2021 in KCRAR

by Melissa Dittmann Tracey, REALTOR Magazine® Key Takeaways: Wireless carriers affirm their commitment to rolling out the superfast fifth generation of connectivity to more places, beyond city hubs, by the end of the year. 5G could be up to 600 times faster than current 4G connections, paving the way for innovations affecting businesses, driving, health care, […]

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Home Under Construction

New-Home Construction Slows as Costs Increase

May 20, 2021 in KCRAR

REALTOR® Magazine Housing starts dropped in April as builders saw rising building costs hamper inventory and affordability. Housing production fell 9.5% last month to a seasonally adjusted annual rate of 1.57 million units, the U.S. Department of Housing and Urban Development and the U.S. Census Bureau reported Tuesday. While homebuilding is down, the demand for […]

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