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Property, Rentals, Transactions

America’s Rental Housing 2015: Record Number of Renter Households Face Severe Affordability Problems

Multifamily housing construction has accelerated to its fastest pace in nearly 30 years but has still not been sufficient to meet surging demand. Rental vacancy rates are now at their lowest point since 1985 and inflation-adjusted rents are rising 3.5 percent annually.  With renter incomes stagnant, last year was another record-setting year in the number of renters paying more than 30 percent of their income on housing costs, according

Homeowners Reap Remodeling Benefits Whether Selling or Staying, Say Realtors

Homeowners preparing to sell often make improvements, both big and small, to their homes that can help yield positive results and garner top dollar from buyers. According to a new report from the National Association of Realtors®, remodeling projects can also bring major benefits to homeowners who choose to remain in their homes.

Realtors® Applaud Transportation Conference Report

The conference agreement for a multi-year surface transportation authorization was released in Congress this week, with both the U.S. House and Senate set to vote on the measure in the days ahead.

Realtors® Partner With Boys & Girls Clubs of America

The National Association of Realtors® has joined forces with Boys & Girls Clubs of America in an effort to strengthen communities and support the country’s youth

A.G. Schneiderman, Governor Cuomo, Mayor De Blasio, And State And City Housing Agencies Announce Return Of More Than 1,800 Apartments To Rent Stabilization Through Settlements With Landlords And Participation In Real Estate Tax Compliance Program

Attorney General Eric T. Schneiderman, Governor Andrew M. Cuomo, and Mayor Bill de Blasio, joined by Commissioner James S. Rubin of  New York State Homes & Community Renewal (“DHCR”)  and Commissioner Vicki Been of the City’s Department of Housing Preservation and Development (“HPD”),  announced today that 128 landlords receiving lucrative tax benefits under Section 421-a of the New York Real Property Tax Law are now registering 1,823 market-rate apartments across New York City as rent-stabilized.

Miami Luxury Single-Family Home Sales Rise in 3Q

Miami luxury single-family home sales increased 5.3 percent year-over-year in the third quarter as total inventory for all existing luxury properties rose, according to new data from the MIAMI Association of REALTORS® (MIAMI)

Three New Jersey Realtors to Be Recognized for Outstanding Community Service

Three deserving Realtors will receive the 2015 New Jersey Realtors Good Neighbor Awards during a ceremony on December 8 at the Triple Play Realtor Convention & Trade Expo in Atlantic City. The New Jersey Realtors Good Neighbor Awards recognize individuals who have made extraordinary commitments to community service programs throughout the state.

South Carolina REALTORS® continues flood victim assistance program through December

South Carolina REALTORS® (SCR) in partnership with the National Association of REALTORS® has extended its REALTORS® Relief Foundation (RRF) flood assistance program to December 31, 2015. The program was originally set to expire November 30th.

Brazil Continues to Lead All Global Consumers Searching for South Florida Real Estate

Brazil is once again the top foreign country searching online for South Florida real estate, according to new statistics from the MIAMI Association of REALTORS® (MIAMI), America’s largest local Realtor group. The South American nation of 200 million residents finished as the top international country using MIAMI’s search portal,, in September 2015.

The Miami/Fort Lauderdale Market Accounts for Half of All International Home Sales in Florida

South Florida has long ranked as one of America’s top places for international home buyers because of its world-class amenities, global business center and proximity to Latin America, according to the MIAMI Association of REALTORS® (MIAMI). A new survey by the National Association of REALTORS®, completed in cooperation with Florida REALTORS®, recently emphasized that point as it showed Miami/Fort Lauderdale market accounting for 50 percent of all Florida international home sales from June 2014 to June 2015.

Single Family Home Sales Rise in October

Connecticut REALTORS® reports that single-family residential home sales in Connecticut increased 5.7 percent comparing October 2015 to October 2014. The median sales price of $239,900 represents a less than 1% decrease from $242,000 in that same time period.

Pending Home Sales Nudge Forward in October

Pending home sales were mostly unchanged in October, but shifted marginally higher after two straight months of declines, according to the National Association of Realtors®. Gains in the Northeast and West were offset by declines in the Midwest and South.

Steve Selig, Featured Speaker at 2nd Annual Atlanta Commercial Board of REALTORS® CRE Studio

The Atlanta Commercial Board of REALTORS® recently held its 2nd annual Commercial Real Estate Studio at the Jewish Federation of Greater Atlanta, featuring Steve Selig, CEO of Selig Enterprises and moderated by son, Scott Selig, Vice President of Selig Enterprises.

David Kent is 2016 South Carolina REALTORS® President

David Kent, Realtor® and Broker in Charge of The Real Buyer's Agent in Charleston, is South Carolina REALTORS® (SCR) 2016 president. Kent was inaugurated in a ceremony at the association's September annual meeting in Columbia. His term began November 17th, following the National Association of REALTORS® annual meeting in San Diego, California

The Atlanta Board of REALTORS® Completes 14th Annual Habitat for Humanity Build

The Atlanta Board of REALTORS® helped grant the gift of home-ownership to another family with the completion of its 14th Habitat for Humanity home build on November 21st. The seven week project, consists of several ABR teams and took place every Saturday from October 10th to November 21st.

Silicon Valley Association of REALTORS® Earns Third NAR Platinum Award for Global Achievement

For the third year in a row, the Silicon Valley Association of REALTORS® (SILVAR) has earned the National Association of REALTORS® (NAR) Platinum Award for Global Achievement. The platinum award is the highest distinction presented by NAR to an association for having demonstrated through its global business council exceptional commitment to building members' awareness of the global and multicultural business opportunities in their local markets

Homes Prices up 8.7% in October; Sales in 2015 Outpace Last Year.

Home prices continue to climb. Home sales dipped slightly and the days on market remain low. The median sale price rose 8.7 percent from October of last year. The median price was $126,500 in October 2014 compared to $137,500 this year. Homes were on the market for an average of 69 days last month compared to 86 days in October 2014. That is a decrease of almost 20 percent!

2015 NJ REALTORS Circle of Excellence Sales Award

Did you have a banner year? Did you hit your sales goal and then some? Submit your application for the NJ REALTORS® Circle of Excellence Award! The award recognizes those members who have demonstrated excellence in the field of salesmanship. This prestigious program comprises two awards: The NJ REALTORS® Circle of Excellence Award and the NJ REALTORS® Distinguished Sales Club application.

California pending home sales bounce back in October

Pending home sales bounced back from the previous month at the statewide level in October, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Pending sales were also significantly higher on an annual basis, portending higher closed escrows in the next couple of months

Lake County Building Services to offer workshop on proper set up of manufactured homes

The free class, presented by Blaine Fort, Department of Motor Vehicles Safety Program Consultant, Manufactured Housing Section, will cover the installation and safety aspects of setting up a manufactured home. Fort will also discuss what local inspectors look for when reviewing installations. A question and answer opportunity is also scheduled during the event.