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Where We Stand

Real Estate Today opens doors for buyers and sellers with critical and credible information on the real estate market. It’s fast paced and fact packed with experts, interviews, call-ins, field reports, and timely market conditions.

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Steve Brown, THE NATIONAL ASSOCIATION OF REALTORS®

NAR President Steve Brown sat down with Real Estate Today’s Stephen Gasque, to talk about the acquisition of REALTOR®.com – and what it will mean to you – whether you’re a buyer, a seller or – a REALTOR®!

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Frank Donnelly, RBS Citizens Financial Group / Charter One Mortgage

Frank Donnelly is the Vice President and Regional Manager of RBS Citizens Financial Group / Charter One Mortgage and the immediate past Chairman of the Board of the Mortgage Bankers Association of Metropolitan Washington.

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J. Lennox Scott, John L. Scott Real Estate

Lennox Scott is the Chairman and CEO of John L. Scott Real Estate, in the Pacific Northwest. John L Scott is ranked one of the largest and most productive regional real estate companies in the nation with a 100 offices and over 2,600 sales associates in Washington, Oregon and Idaho. Lennox is the third generation to run the family business founded by his grandfather in 1931 and has been honored 3 times by REALTOR® Magazine as one of the “25 most influential people in real estate in the nation.” He’s also a past president of the Seattle King County Association of REALTORS®.

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George Ratiu, THE NATIONAL ASSOCIATION OF REALTORS®

George Ratiu is the Director of Quantitative and Commercial Research at THE NATIONAL ASSOCIATION OF REALTORS®.

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Renting vs. Buying – The Financials

We’re going to examine a complicated and crucial question – should you rent? Or should you buy a home? Sure, homeownership is the American Dream and it carries all kinds of benefits.

But, is it the right choice – for you?

People deal with this issue every single day as they stare at that fork in the road and weigh the pros and cons of jumping into the real estate market.

The main thing to remember is – when you make your decision, you should follow the money – rather than follow your heart. In other words, crunch the numbers, and then crunch them again – until you’re sure you can comfortably buy a home – and comfortably afford to keep it – in the long run.

So, here’s where we stand right now.

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Jed Smith, THE NATIONAL ASSOCIATION OF REALTORS®

Jed Smith is the Director of Quantitative Research for THE NATIONAL ASSOCIATION OF REALTORS®.

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David Crowe, National Association of Home Builders

David Crowe is the Chief Economist of the National Association of Home Builders, a trade association that’s been promoting housing as a national priority since 1942.

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Christina Hoffman, HouseLogic.com

HouseLogic.com is a free source of information and tools—from the NATIONAL ASSOCIATION OF REALTORS® — that can help you make smart and timely decisions about your home.

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Linda Rheinberger, REALTOR®

Linda Rheinberger is a REALTOR® with Berkshire Hathaway Home Services – Nevada Properties. Linda’s served as the President of the Greater Las Vegas Association of REALTORS®, and she’s also a past President of the Nevada Association of REALTORS®, where she was honored as their 2011 REALTOR® of the Year. Linda’s active in the Women’s Council of REALTORS®, she’s an Accredited Buyers’ Representative and a Certified Residential Specialist… these, among other designations she holds from THE NATIONAL ASSOCIATION OF REALTORS®.

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Finally, Where do YOU Stand?

We’ve talked a lot about the current state of the national housing market – and it’s been refreshing. Things are looking bright compared to where we were just a couple years ago.

But really, for most of us, the real estate market is all about our neighborhood, our home and our investment properties. So, how about you? Where do YOU stand?

Well, if you’re a buyer, chances are things are looking pretty good!

According to THE NATIONAL ASSOCIATION OF REALTORS®, investors are backing out of the market. So have cash buyers. Cash sales made up only 24% of housing transactions in September – compared to 33% a year ago. That means traditional buyers, who get a mortgage, have a better shot at getting the home they want

Additionally, affordability is on the rise.

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Continue reading “Finally, Where do YOU Stand?” »

Hot links

THE NATIONAL ASSOCIATION OF REALTORS®
HouseLogic.com
REALTOR®.com

Top News Of The Week

- PHS Up
- Mortgage Standards Set to Loosen
- Growth in Home Remodeling
- Housing Starts Rise
- Careers Tied to Homeownership
- PHS Up
- Housing is “Normalizing”
- Foreclosures Hit Pre-Crisis Levels
- More Mortgages Expected Next Year
- Student Loans Stand in Way of Housing

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Local Market Conditions

It’s time to take a look at the latest facts and figures from across the country from THE NATIONAL ASSOCIATION OF REALTORS®. We have seen some great figures as the year has progressed and particularly through the summer as home sales climbed nationwide.

This week saw the release of THE NATIONAL ASSOCIATION OF REALTORS’® Pending Home Sales report for the month of September. So how were we looking as a nation as we headed into the cooler parts of the year?

Well, after a good run, we’ve got really good news for you this month. Pending home sales were on the rise again and, for the first time in 11 months, Pending Home Sales posted year over year increases.

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