REALTORS® projected prices to increase by 3.6 percent over the next 12 months (3.4 percent in June 2015; 3.4 percent in July 2014), according to the July 2015 REALTORS® Confidence Index Survey Report.9 The map…

Based on the latest data from the Bureau of Economic Analysis[1], the real estate industry accounted for $41.3 billion in Colorado. This comprised 13.5 percent of Colorado’s Gross State Product. The figure includes real estate…

Properties that closed in July 2015 were typically on the market for at 42 days (34 days in June 2015; 48 days in July 2014), according to the July 2015 REALTORS® Confidence Index Survey Report. 11 Days…

REALTORS® are preparing for the October 3rd implementation of the new TILA RESPA Integrated Documentation (TRID) closing process.  Under TRID, the current closing documentation will be streamlined and reduced. In addition, features are added to…

Labor Day is an annual tribute to the achievements and contributions of American workers. Labor Day became a federal holiday in 1894 and was first celebrated in 1882 by the Central Labor Union. REALTORS® are…

Over 2.9 million net new jobs were added to the national economy over the past 12 months to July. Not surprisingly, 83 percent of metro markets added jobs while only 17 percent did not create…

NAR released a summary of pending home sales data showing that July’s pending home sales index is up for the 11th consecutive month. July’s pending sales are up only 0.5% from last month but improved…

The economy performed better than expected in the second quarter of this year. Recently revised data show that real gross domestic product (GDP) advanced at an annual rate of 3.7 percent, to $16.3 trillion, according…

Existing-home sales increased 2 percent in July from one month prior while new home sales increased 5.4 percent. These headline figures are seasonally adjusted figures and are reported in the news. However, for everyday practitioners,…