WASHINGTON (December 19, 2018) – Existing-home sales increased in November, according to the National Association of Realtors®, marking two consecutive months of increases. Three of four major U.S. regions saw gains in sales activity last month.
Total existing-home sa...
By Greg Stitz, Ohio REALTORS Director of Research
The number of days residential properties are on the market has dropped dramatically over the past four years. According to a recent Ohio REALTORS housing confidence survey 76 percent of listed homes sold within an average of 40 days. More specifically, 24 percent of respondents report the average number of day their clients' homes are on the market is 10 or less. And 47 percent of respondents watch their average clients' homes sell in 20 days or less.
Ohio REALTORS also tracks average days on market and reported a record-setting 49 days on market in July 2018. For comparison purposes the average days on market for July 2011 was 106.
Mortgage fraud climbed 12.4 percent year over year in the second quarter of 2018, and about one out of every 109 mortgage applications has been found to contain false or misleading information, according to real estate data firm C...
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