According to recent data from the
National Association of Realtors,
existing home sales increased 6.5 percent to a seasonally adjusted annual rate of 5.39 million during the month of July. This spike continues a
25 month trend of year-over-year double digit increases of median home prices, factoring in single-family homes, townhomes, condominiums and co-ops.
Meanwhile from a buyer’s perspective, a 30 year, conventional, fixed-rate mortgage rose .3 percent from June and now stands at 4.37 percent. Unfortunately
, this is the highest rate in past two years, “This increase pushed some buyers off the sidelines” said NAR Chief Economist Lawrence Yun. He continued by stating “The initial rise in interest rates provided strong incentive for closing deals. However, further rate increases will diminish the pool of eligible buyers.”
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This week, 20,000 real estate professionals will travel to Chicago to check out the latest industry updates, build their networks, and discover tools and technologies to grow their businesses. (Hint: you’ll find all of this in the Homes.com booth.) If you’re making the trip, stop by our booth and say hi! We’ll have free booze, cash drawings, and great educational sessions. After that, why not see the sights? Continue reading to hear about the top 10 things to do in Chicago during this year’s NAR Convention! Continue reading 
If you’ve been keeping up-to-date with us at the NAR 2016 Conference & Expo, you know about the growing importance buyers and sellers are putting on quick response (according to a recent poll on Homes.com, nearly 25 percent of buyers and sellers expect an immediate response). But don’t worry: we’re launching some new programs that make it easier than ever to feed your lead’s need for speed. 
There are a lot of reasons to be excited for the 2016 NAR REALTOR® Conference & Expo, but with the great speakers, open bar, and chance to win $500 each day, Homes.com has the top three! So pack your bags, hop on a plane and come join us in Orlando, FL from November 4, 2016 – November 7, 2016! 
Home to over a dozen theme parks, it’s little wonder that Orlando is one of the greatest tourist cities in the world. But there’s more to this great city than roller coasters and mouse ears! Check out these 10 things to do while you’re in town for this year’s NAR Convention! 
