The number of homes listed during February in the Quad Cities increased by 13.5% year over year, according to the housing market report released by the Prescott Area Association of REALTORS (PAAR). Last month, a total of 286 homes were listed for sale, compared to 252 in February of the previous year. Across the Quad Cities, the number of new listings increased in each area except Dewey-Humboldt, which experienced a 4.2% decrease in February of this year, compared to last. Prescott Valley had … [Read more...] about Real Estate Sales Surge as Prices Change Across the Quad Cities
National Association of Realtors
Real Estate as an Economic Indicator
For many, owning a home is the epitome of the American Dream. It represents a sense of stability, provides a place to raise a family, and is an investment in one’s future. Homeownership can offer the potential for wealth accumulation through property appreciation and the opportunity to build equity over time. This quintessential dream does not stop there. It is deeply connected to economic security and, in fact, real estate is often cited as a key economic indicator. The housing market’s … [Read more...] about Real Estate as an Economic Indicator
Advancing Equity, Fostering Healthy Competition in the Real Estate Market
The housing market plays a crucial role in wealth creation and economic stability. Realtors work in conjunction with the Multiple Listing Service (MLS) to advance equity, promote fair competition and make the dream of homeownership possible. Realtors possess the knowledge and expertise to guide buyers and sellers through a complex process, ensuring fair treatment and representation for all parties. Realtors help individuals from diverse backgrounds navigate the housing market, providing … [Read more...] about Advancing Equity, Fostering Healthy Competition in the Real Estate Market
Championing Private Property Rights
Homeownership is part of the American Dream, and Realtors play an essential role in that dream, but their value extends much further than that. Every home sale generates $88,000 in local economic activity, accounting for 18% of the nation’s GDP, and every two home sales supports one American job. Real estate transactions are complex and include far more than many people know; attorney reviews, filing state/federal forms, tracking mortgage rates/terms, coordinating with lenders, scheduling … [Read more...] about Championing Private Property Rights
Preparing for the Quad Cities Real Estate Market
Most business owners know that the real estate market is the backbone of every successful community; buyers move in, have families, open businesses, shop locally and so on. Property transactions have a ripple effect that is often a key predictor of economic growth. So, how can property owners, both commercial and residential, prepare for the inevitable ups and downs of the market and ensure long-term equity growth and a solid investment? Here are some things to focus on: History matters. … [Read more...] about Preparing for the Quad Cities Real Estate Market
Were the Remodel Projects Taken on During the Pandemic Worth the Money?
According to a recently published report by the National Association of Realtors and the National Association of the Remodeling Industry, homeowners remodel for a variety of reasons and some projects produce a better cost recovery than others. The report focused on the following items: The typical cost of 19 remodeling and replacement projects, as estimated by members of the National Association of the Remodeling Industry (NARI). How much appeal each project is likely to have for … [Read more...] about Were the Remodel Projects Taken on During the Pandemic Worth the Money?
Who Pays the Real Estate Agent?
This is a frequently asked question in any consultation between client and agent. The seller selects an agent to list their home and is often surprised to hear the estimate of fees for this process, including a commission for both the listing agent and the agent who brings the buyer. The listing broker is paid commission from the seller proceeds at closing and out of that compensates the agent who brings the buyer, also known as the “cooperating agent.” This is how it has worked for decades, … [Read more...] about Who Pays the Real Estate Agent?
