Existing home sales slipped 0.9 percent in May 2021 compared to April based on the Seasonally Adjusted Annualized Rate (SAAR) according to the National Association of Realtors® (NAR). Actual closings in May 2021 (not seasonally adjusted) were up 2.9 percent vs April. Given the plunge in sales from April to June in 2020 due to …Read more
Incomes and poverty rates vary across the U.S., with some states better off while others struggle. Once again the TINSTAANREM Axiom is invoked — There Is No Such Thing As A National Real Estate Market or economy. Nor is the typical household income similar across states. To present and discuss the disparity of incomes in …Read more
Existing home sales rose an impressive 12.3 percent in March compared to 1-year ago, but cooled slightly, dipping 3.7 percent from this February on a seasonally adjusted annualized rate (SAAR) of 6.01 million homes according to the National Association of Realtors© (NAR). Median price rocketed up 17.2 percent to $329,100 versus the prior year, and …Read more
Your home is one of your biggest investments. Unexpected repair or replacement costs can easily strain your budget. Plus, finding a qualified professional to solve your problem can be stressful and inconvenient. A home warranty cannot prevent systems or appliances from breaking down, but it can help make covered repairs or replacement quicker and less …Read more
For those able to work remotely, finding the right work/life balance is essential. Here at Stewart, many of our associates began working remotely in 2020 in order to keep a safe environment for all. As we enter the new year, we wanted to take a moment to highlight what we like to do to stay …Read more
This monthly analysis of jobs differs from previous versions that included both Metropolitan Statistical Areas (MSAs) and Metropolitan Divisions (which are subsets of the MSAs). Only the MSA level data are included in this blog. Data are based on seasonally adjusted monthly employment from the Bureau of Labor Statistics (BLS). Jobs peaked in the U.S. …Read more
In this day and age of mathematical precision and faster-than-light calculation speeds, answering the question as to existing home sales numbers and direction almost makes one stutter. The following bullets summarize November existing home sales statistics. Pick a number — pick any number — and what you saying is probably correct. Each of these data …Read more
While a rising tide may lift all boats, the same is not true for a good economy bolstering all the local markets across the country. Good news is that U.S. median household income rose by 0.8 percent in 2018 to $61,937 and the poverty rate fell from 13.4 percent of all households to 13.1 percent. …Read more
Location-Location-Location is the phrase when it comes to real estate. In a global market, being in the proper location can be a make-or-break proposition. Where a firm offices is akin to a hallmark to customers. Location in an office market is a statement of who their customers are (or customers they want), the type of …Read more
Getting a bigger piece of pie is always easier when the next pie is even larger than the prior. The same is true when it comes to growing demand for goods, services and real estate. More jobs and, to some extent also population (but not as important as jobs) are key metrics for economic growth. …Read more