Pending Home Sales Rebounded in October
Pending home sales increased in October, rebounding from September’s decline, according to the National Association of REALTORS® (NAR). Overall, contract activity increased monthly in each of the four major U.S. regions. However, on a yearly basis, two regions (West and Northeast) reported drops and two others (Midwest and South) increased. The Pending Home Sales Index […]
Commerce Department Moves to Double Lumber Tariffs, NAHB Responds
The U.S. Commerce Department moved forward with an administrative review to double the tariffs on Canadian lumber shipments into the U.S. from 9% to 17.9%. Chuck Fowke, chairman of the National Association of Home Builders (NAHB), issued the following statement in response: “With the nation in the midst of a housing affordability crisis, the Biden […]
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Overcoming Bias in Home Appraisals Starts With the Appraisers
(TNS)—Home appraisers have gotten an unusual amount of attention recently thanks to a surge in coverage about racial disparities in home valuations. There’s no simple explanation for how a property’s value is assessed, but understanding how appraisals work and the industry’s current makeup can provide some framework to addressing inequality in the housing market. Why […]
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Wedding vs. Homeownership: New Survey Measures Modern Priorities
Americans pressed pause on many milestones in 2020, but in 2021 they reignited plans to buy and sell homes. The real estate market is strong according to the National Association of REALTORS® and homeownership is top of mind for Americans. In fact, 82% of unmarried Americans would rather invest in a home than pay for a big […]
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Regional Spotlight: Northern Virginia Homes Prices Climb as Inventory Drops
Differing from the nation’s overall housing market, home sales in Northern Virginia were down slightly in October from September; however, prices continued to grow while inventory shrank from October 2020, mirroring the national market, according to the Northern Virginia Association of REALTORS® (NVAR). Locally and nationally, homes sales decreased from the frenzy of October 2020. “Price and availability […]
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Shorewest, REALTORS® Celebrates 75 Years of Relationship Building
Organizations that have been part of the fold of real estate for several decades understand how the tides change, bringing everything from volatile economies and housing crashes to surprisingly resilient markets that can withstand even a worldwide health crisis. It’s no surprise, then, that Shorewest, REALTORS®, now celebrating its 75th year in business, is more […]
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Pets Are Increasingly Influencing their Owners’ Housing Decisions
(TNS)—Hannah Wood, a work-from-home product manager for a healthcare company, would like to relocate to Philadelphia to live near her mother, but she’s struggling to find a place that will welcome her roommate, Lea, a 55-pound, mixed-breed dog. Wood initially had hoped to buy a house, but the current competitive market has her searching for […]
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What the New Digital Real Estate Customer Really Wants
Today’s new breed of digital real estate customer is technology savvy and digitally focused. They have so much information at their fingertips, and they use it to their advantage before they ever consider contacting you. With nothing more than a smartphone, they can find out everything they want to know about a property, investigate and […]
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HUD: $20M in Funding Awarded to Eviction Protection Grant Program
The U.S. Department of Housing and Urban Development (HUD) on Tues., Nov. 23 announced $20 million in inaugural grants from its Eviction Protection Grant Program, the first of its kind for the Department. These grants will be awarded to legal service providers to assist in providing legal assistance to low-income tenants at risk of or […]
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RE/MAX to Participate In 2021 Stephens Investment Conference
RE/MAX Holdings, Inc. recently announced today that Chief Financial Officer Karri Callahan and President of Motto Franchising, LLC Ward Morrison are scheduled to appear at the 2021 Stephens Investment Conference on Wed., Dec. 1, 2021, at 8:00 a.m. CST. A link to the live webcast of the Fireside Chat, as well as the replay, will […]
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