July 2018 Housing Affordability Index

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At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates rose to 4.75 percent this July, up 14.7 percent compared to 4.14 percent a year ago. Housing affordability declined from a year ago in July moving the index down 8.2 percent from 151.2 to 138.8. The median sales price for a …

Existing-Home Sales Slip 0.7 Percent, Lowest Pace in Two Years

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Existing-home sales decreased for the fourth straight month in July to their slowest pace in over two years, according to the National Association of Realtors®. The West was the only major region with an increase in sales last month. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 0.7 percent to a seasonally …

February 2018 Pending Home Sales

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NAR released a summary of pending home sales data showing that February’s pending home sales pace was up 3.1 percent last month and down 4.1 percent from a year ago. Pending sales represent homes that have a signed contract to purchase on them but have yet to close. They tend to lead Existing Home Sales data by 1 to 2 …

January 2018 Pending Home Sales

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NAR released a summary of pending home sales data showing that January’s pending home sales pace was down 4.7 percent last month and down 3.8 percent from a year ago. Pending sales represent homes that have a signed contract to purchase on them but have yet to close. They tend to lead existing-home sales data by 1 to 2 months. …

The Origin of Memorial Day

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Memorial Day was officially proclaimed on May 5, 1868, by Gen. John Logan, national commander of the Grand Army of the Republic, in his General Order No. 11, and was first observed on May 30, 1868, when flowers were placed on the graves of Union and Confederate soldiers at Arlington National Cemetery. Here is the text of his proclamation.

Consumer Alert: New Fraud Investigation Scam in Play

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In honor of National Consumer Protection Week (March 5-11), I’d like to make you aware of a new scam making its way across the nation. Scammers are posing as fraud investigators. This happened to me just yesterday! Well… not for real. Fortunately, my caller was legitimate. But its timing caused concern as it came while I was in the middle …

The Tesla and the Dune Buggy: Lifestyle Contrasts or a Life in Common?

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Unlike a lot of real estate service providers, we don’t work with just anyone. Yesterday afternoon, I pulled up to a red light behind a brand new, shiny white, Tesla. And when I say brand new, it looked fresh off the lot… Dealer plates… Impeccably clean. The sun’s reflection off its chrome accents violently pierced my personal space. Deeply tinted …