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Redfin: Almost Half of Home Sellers Now Making Concessions to Buyers

Redfin: Almost Half of Home Sellers Now Making Concessions to Buyers

by Rick Grant | Mar 15, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A record 13% of home sales include a price cut and a final sale price below the list price in addition to concessions, which often include money toward repairs and mortgage-rate buydowns, according to new data from Redfin. Home sellers gave concessions to buyers in...
Qobrix Adds VIP Portal to Real Estate CRM Platform

Qobrix Adds VIP Portal to Real Estate CRM Platform

by Rick Grant | Mar 8, 2023 | Real Estate Agent Tools, WRE News Exclusive

Qobrix, provider of a real estate CRM platform, has launched a VIP Portal to cater to high-end buyers and investors. The portal works in tandem with the Qobrix CRM System and is designed to give premium clients private access to selected properties.   “The VIP...
Foreclosure Activity Down in February, but Up Annually

Foreclosure Activity Down in February, but Up Annually

by Rick Grant | Mar 8, 2023 | Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

There were a total of 30,528 U.S. properties with foreclosure filings in February, that’s down 3% from a month ago and up 18% from a year ago, according to the February 2023 U.S. Foreclosure Market Report from ATTOM. Filings included default notices, scheduled...
Zillow: Zoning is the Housing Affordability Problem to Solve

Zillow: Zoning is the Housing Affordability Problem to Solve

by Rick Grant | Mar 8, 2023 | Industry Updates, Real Estate Agent Tools, U.S. Housing Market, WRE News Exclusive

An independent panel of 117 economists and housing experts polled in Zillow’s Home Price Expectations (ZHPE) Survey have suggested that relaxing zoning rules is one of the best ways to address the nation’s ongoing housing affordability crisis as it would...
Renter Survey Points to Desire for Lower Density Housing

Renter Survey Points to Desire for Lower Density Housing

by Rick Grant | Mar 8, 2023 | Industry Updates, News/Current Events, U.S. Housing Market, WRE News Exclusive

A new report focused on the more than 34% of the population that rents their homes shows that more than half would prefer to live in a detached, single-family home rather than an apartment building. The information, provided by RCLCO Real Estate Consulting, shows that...
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