Key findings from NAR’s Confidence Index report
#37
Tomorrow marks the start of National Homeownership month—an observance meant to raise awareness about the long-term benefits of owning property and the need for affordable, accessible housing.
Looking for a bit of content inspiration to kick off the month? Start with these stats:
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According to NAR data, homeowners have an average net worth of close to $300,000, compared to just $8,000 for the average renter.
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88% of home buyers feel that their home is a good financial investment, and 50% say it’s better than stocks.
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66% of homeowners in a Fannie Mae lifestyle survey report owning a home leads to less stress than renting.
Homeownership isn’t just a major milestone. It’s the foundation for financial stability and personal well-being. Whether you’re helping first-time buyers navigate the market, or working with seasoned investors, you’re playing a pivotal role in helping your clients create and build lasting wealth.
🔊 Today’s Top Video Rec:
Ben Belack’s impressive real estate resume includes a decade of selling multi-million-dollar homes, seven years at The Agency in Beverly Hills, more high-end celebrity deals than he can count, and two seasons on Netflix’s Buying Beverly Hills. Watch the latest episode of Glennda’s Guru for Ben’s best advice on closing top-dollar deals, building trust, landing referrals, and creating a content-led personal brand.
TRACK THE TRENDS
MARKETS
It’s A Seller’s Summer
The latest NAR Confidence Index report shows sellers are sunny on what the housing market has in store for this summer. While market conditions remain relatively unchanged (and markedly less rosey) since this time last year for buyers, many sellers are getting multiple over-asking offers—and closing the deal quickly.
According to the NAR’s report:
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22% of survey respondents expect traffic through for-sale homes to increase over the next three months.
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With supply still limited, last month, nearly one in three homes sold above list price, and the average home received more than three offers.
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68% of homes sold in April were on the market less than a month.
REC ROUNDUP
The Friday Five
📖 Banish boring. Seven expert design tips for giving your space a stylish facelift.
👀 Down the spiral. Tour the wackiest Homes.com listing of this week.
👀 Rancho Mirage magic. Perfectly preserved 80s time capsule, or Bond villain’s evil lair?
💡Let’s get to the point. Kendrick Lamar’s new mansion, Netflix’s new real estate show, and more.
💡Rapid response. Glennda gets real in this candid AMA featuring three viewer questions.
WHAT’S NEW FROM ESTATE MEDIA
Scott’s Market Watch
The biggest headlines in real estate news this week have the potential to seriously impact the market you work in—especially if you’re a real estate professional operating in the South. Watch Scott’s latest episode to learn why ‘underwater’ homes are surging, what investor and real estate mogul Barbara Corcoran sees for the industry, and how long high interest rates may stick around.
FEATURED LUXURY LISTING
Champs-Élysées Apartment
Today’s featured listing, tucked in the iconic 8th arrondissement, pairs classic Parisian Eiffel Tower views with the best of city living. From the spacious living room with towering windows, to the fully integrated kitchen full of high-end appliances, seating areas blend with entertainment spaces in this phenomenal apartment.
Like what you see? Reach out to listing agent Toby Corban to learn more and schedule your tour.
Our full lineup of real estate reads:
Estate Elegance. Your daily dive into luxury real estate. Everyday.
Homes.tastrophes. Unique, weird, and wild real estate. Every Monday
The Glennda Gazette. Real estate, real life, in real time. Every Wednesday.
WAS the Newsletter. Explore interior design advice and inspiration. Every Friday.
The Blueprint. Stay up-to-date on the world of residential real estate. Powered by James Harris & David Parnes. Every Tuesday and Friday.
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