NCJAR News
Chris Coccia, NCJAR 2024 President, shares the latest member update, highlighting plans from a recent trustee meeting, a slight dip in home sales per NAR data, and key insights into market conditions. NCJAR members are encouraged to stay engaged and inform clients as market shifts may be on the horizon. He also introduces NAR’s new consumer guide, "10 Questions to Ask a Buyer's Agent," and reminds members to register for the upcoming Realtor Code of Ethics class to stay compliant and uphold professional standards.
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U.S. existing-home sales slid 2.5% month-over-month and 4.2% year-over-year to a seasonally adjusted annual rate of 3.86 million units, according to the National Association of REALTORS® (NAR). Meanwhile, home prices have continued to reach record heights nationwide, with NAR reporting a median sales price of $416,700 as of last measure, a 3.1% increase from the same time last year and a new high for the month.
- Single Family Closed Sales were down 5.8 percent to 1,470.
- Townhouse-Condo Closed Sales were down 1.0 percent to 392.
- Adult Communities Closed Sales were down 27.5 percent to 37.
Buying a home is one of the biggest financial decisions you'll ever make, so finding the right real estate agent is crucial. You should feel confident and empowered to select the agent who best fits your needs. To help you make an informed decision, here are ten important questions to ask when choosing your agent.
1. Are you a REALTOR®?
When working with a REALTOR®, you’re choosing a professional bound by the REALTOR® Code of Ethics, which includes the obligation to protect and promote their client’s interests. This commitment to ethical standards provides peace of mind during your homebuying journey.
2. What types of services can you provide me?
A qualified agent can offer a range of services, including finding properties that meet your criteria, accompanying you to showings, analyzing market trends, negotiating on your behalf, and more. Be sure to ask about the specific services they provide and how they align with your needs.
3. How well do you know the markets where I am searching for a home?
Your agent should not only be licensed in the area where you’re buying but also possess in-depth knowledge of the local market. Ask how familiar they are with neighborhoods, property values, and market trends in your desired location.
