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United States home-buying by foreigners increased by a substantial 49 percent to $153 billion in the last year, which signifies a record high in the National Association of REALTORS® (NAR) Profile of International Activity in U.S. Residential Real Estate released for 2017. The increase resulted as activity from Canada soared to $19 billion, with buyers from China, India, Mexico and the UK also contributing to the increase. “The political and economic uncertainty both here and […]

Buying a home for the first time can be stressful and the related costs can be overwhelming. For most, it is the largest purchase one has made and the process can also be confusing. An analysis of the Census report by Trulia determined that owner households formed at double the rate of renter households in the first quarter of 2017. All of the data points to the possibility of a turnaround in the homeownership rate […]

The rate of new home construction increased in June to the fastest pace in four consecutive months prior. Though increases were seen across the nation, the rise was led by substantial increases in the Northeast and Midwest. New home construction increased by 8.3 percent in June to a seasonally adjusted annual rate of 1.22 million, according to the Commerce Department. The increase marked the end of three straight monthly declines and marked the strongest pace […]

Entering the housing market for the first time can be overwhelming and costly. It is very likely the largest purchase one has made and the process can be confusing. The most recent market report by Naples Area Board of REALTORS® (NABOR®), released June 16 with May figures, shows pending sales up 12 percent, closed sales up 23 percent and inventory up 4 percent. An analysis of the Census report by Trulia determined that owner households […]

  The FBI has reported that email phishing accounts for 95 percent of cybersecurity threats. Legal and law enforcement experts at the Illinois Department of Financial and Professional Regulation’s Cybersecurity Conference in Chicago, which focused on threats to the real estate industry, said this is why client communications are a key component of “cyber hygiene.” The common advice to use strong passwords and change them often isn’t enough to obstruct hackers, said FBI special agent […]