A joint study by Google and the National Association of Realtors (NAR) has found that consumers’ online experiences increasingly influence their homebuying activities activity offline.
Called “The Digital house Hunt: Consumer and market Trends in Real Estate,” the report produced the following observations, among others:
- 90 percent of buyers searched online when looking for a new home;
- Real estate related searches on Google have grown Continue reading
The National Association of Realtors (NAR), a membership organization of brokers and agents that has little presence here, wants you to know how to select the right person to sell your home or represent you as a buyer.
On its Web site, the NAR headlines its advice with the hardly surprising admonition to “Hire a Real Estate Agent with the Power to Succeed.” Undermining its credibility, the organization then predictably continues:
It’s the best time to buy a home in years, but the worst time to move without a professional on the payroll.
Not everyone should own a home?
Lenders need to have strict standards?
House prices can go down as well as up?
These are not the usual positions of an organization that describes its “core mission” as Continue reading
HAVE A SAFE AND HAPPY HOLIDAY WEEK!
In a dense but revealing blog post of the National Association of Realtors (NAR), Jerome Nagy writes about the difficulty of establishing the value of a property in today’s market.
It is, he says, a common misconception that the price on which a seller and buyer agree is the value of an apartment, townhouse or single-family dwelling. He declares:
It has always been a challenge for appraisers to identify value and support their opinions of market trends where neighborhood prices are in a state of flux. Today, this challenge is more widespread than perhaps any other time in history as neighborhoods and markets that were previously declining are now stable if not recovering.
Difficulties arise when a market “bounces,” Nagy writes in his NAR blog post, going on to say that it can be impossible to Continue reading