Don’t miss this fantastic opportunity to network with your peers and gather valuable information to capture the retiree market! AARC will bring speakers, developers, Tourism Development Authority’s, Chamber Directors, marketing experts to Asheville to discuss social media, lead generation and follow-up, marketing tools, PR methods, research and trends to help you with “Retiree Attraction – Position Your Community for Success!”
If you want to reach this lucrative market, The AARC Conference is the place to collect the information. Affluent Baby Boomers are on the move, so we hope to see you in Asheville Nov. 9-11 Take advantage of this opportunity explore ways to reach out to this growing market. The economic potential is astounding; will you be at the forefront!
We look forward to seeing you in Asheville!
Click to learn more
Andre’ Nabors Chair, The AARC
Realtors Confidence Index Report
October 20, 2016
The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions. In addition, the “Questions of the Month,” feature results of a timely aspect of the housing market.
- While local conditions vary, the buyer traffic index, an indicator of homebuying interest, was higher than last year’s level, indicating better market conditions from one year ago.
- The seller traffic index also rose slightly from one year ago, but it has remained below 50 since September 2008, indicating that seller activity is still “weak.”
- First-time homebuyers rose to 34 percent of sales, up from 29 percent one year ago.
- Distressed properties dipped to a new low of four percent of sales. Purchases for investment purposes made up 14 percent of sales, and cash sales accounted for 21 percent of sales. Nationally, amid tight supply, half of properties that sold in September 2016 were on the market for 39 days or less compared to 49 days one year ago.
- Lack of supply, declining affordability, appraisal issues, and lender processing delays continued to be reported as the key issues affecting sales.
Download the full report – Click Here
NAHB Announces Best of 55+ Housing Awards Finalists
October 27, 2016
The National Association of Home Builders (NAHB) has announced the finalists for its 2017 Best of 55+ Housing Awards, the premier design and marketing competition for the 55+ housing industry. A total of 74 entries were chosen as finalists and are eligible for either a gold or silver award from NAHB’s 55+ Housing Industry Council. Those winners will be announced on Jan. 10, 2017, during the NAHB International Builders’ Show in Orlando, Fla.
“Whether retired or not, boomers want to stay healthy and physically active,” said Jim Chapman, chairman of NAHB’s 55+ Housing Industry Council and president of Jim Chapman Communities in Atlanta. “Builders are incorporating amenities that appeal to such buyers, like hiking and biking trails, extensive fitness centers and community kitchens that can host cooking classes. And boomers’ tastes are moving the design needle just a bit further from traditional style and closer to a clean, modern style with bold splashes of color.”
Finalists were selected from entries in 39 categories representing single-family homes, rental housing, service-enriched housing, lifestyle features that 55+ buyers look for and marketing activity, plus four categories representing individuals and firms. The judges also singled out three entries for innovation awards.
NAHB’s 55+ Housing Council launched the Best of 55+ Housing Awards to encourage quality and innovation in the 55+ housing market. The council provides information, education and networking opportunities for its members and provides advocacy support to NAHB on key 55+ housing issues. The awards program is sponsored by: Professional Builder, RMF, BartonPartners, BSB Design, Homeward Bath, KTGY Architecture + Planning, BuildersDesign, Progress Lighting and Ideal Living.
For a complete list of this year’s finalists, please visit: http://www.nahb.org/en/find/award-programs/best-of-55-plus-awards/2017-55-plus-best-of-housing-award-finalists.aspx.
Pending Sales Up / Eye On Housing
Boosted by increases in the West and South, the Pending Home Sales Index increased 1.5% in September, and climbed 2.4% higher than the same month last year. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), increased to 110.0 in September from a downwardly revised 108.4 in August.
The PHSI increased 4.7% in the West and 1.9% in the South, but decreased 0.2% in the Midwest and 1.6% in the Northeast. Year-over-year, the PHSI was up 7.7% in the Northeast, 4.0% in the West and 1.7% in the South, while falling 1.0% in the Midwest.
The PHSI has increased year-over-year for 22 of the past 25 months, so the September increase
suggests that the upward trend in existing sales will continue, as prospective first-time home buyers step up their plans. Builder Confidence remained solid in October, and in September new home sales continued to gain. These reports are good news for new residential construction as the housing recovery continues to address demand among first-time buyers and broaden across a wider range of markets during the balance of 2016 and into 2017.