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Highlights From the Profile of Home Buyers and Sellers

The National Association of REALTORS® released its 2021 Profile of Home Buyers and Sellers this morning, garnering coverage in a wide range of national media outlets, including The Wall Street Journal, Realtor.com®, and MarketWatch. This annual survey conducted by the NATIONAL ASSOCIATION OF REALTORS® of recent home buyers covers demographics, preferences, and experiences of buyers and sellers across the United States. 2021 marks the 40th anniversary of the profile. This year’s profile, based on a survey of those who bought a home between July 2020 and June 2021, reflects the effects of the COVID-19 pandemic on transactions.

Read more here: https://rb.gy/rbxhbe

Home Prices Spiked by Double-Digits in 78% of Metro Areas in Third Quarter of 2021

Strong homebuyer demand and limited housing supply led to median sales prices rising for existing single-family homes in all but one of 183 measured markets in the third quarter of 2021.

This is according to the latest quarterly report from the National Association of Realtors®, which found that 78% of 183 markets experienced double-digit year-over-year price increases, fewer than in the prior quarter (94%). Three metro areas saw price gains of over 30% from one year ago, also fewer than the number in the previous quarter (12).

 

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Upcoming Code of Ethics courses

All REALTORS® must complete the required Code of Ethics class by the end of 2021. Failure to complete the course by year’s end will result in the suspension of your REALTOR® membership. There are several very convenient ways you to complete the requirement.

Fairhaven is a town every REALTOR® should visit

In November 2020, NAR launched Fairhaven, a new fair housing simulation training for REALTORS® that uses the power of storytelling to help members identify, prevent, and address discriminatory practices in real estate. Get started by visiting Fairhaven to explore the fictional town of Fairhaven and assess how well you are adhering to fair housing principles.