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South poised to see $1 trillion in home sales in 2021

South poised to see $1 trillion in home sales in 2021

by Third Party | May 17, 2021 | Industry Updates, News/Current Events, Real Estate News

Source: Housing Wire —  Even with historically low levels of inventory, rising mortgage rates and uneven job growth, experts still believe 2021 will be a record year for home sales. How much will be spent on homes? Officials are predicting sale numbers to easily...
ULI Spring Meeting: What Does the Future Hold for Real Estate?

ULI Spring Meeting: What Does the Future Hold for Real Estate?

by Third Party | May 16, 2021 | Industry Updates, News/Current Events, Real Estate News

Source: RISMEDIA —  While the future of the real estate industry is uncertain, several experts offered their predictions during the Urban Land Institute’s (ULI) virtual 2021 Spring Meeting, held on May 10-12. “The demand for housing will hold up as economic...
Housing-Market Mayhem: U.S. Home Sales Likely to Hit Record High of $2.5 Trillion In 2021

Housing-Market Mayhem: U.S. Home Sales Likely to Hit Record High of $2.5 Trillion In 2021

by Third Party | May 15, 2021 | Industry Updates, News/Current Events, Real Estate News

Source: Redfin —  Redfin forecasts a record $2.53 trillion worth of home sales in America in 2021—a 17% year-over-year gain that would mark the largest annual increase in percentage terms since 2013. To put $2.53 trillion into perspective, it’s roughly equal to...
How appraisers value homes in a hot housing market

How appraisers value homes in a hot housing market

by Third Party | May 15, 2021 | Mortgage Information, Real Estate News

Source: Housing Wire —  Robin Sheridan, a real-estate broker with Compass Washington, recently listed a three-bedroom home in Seattle for $795,000. The 76-year-old brick home had what Sheridan considered a “funky layout,” with two rooms added to the back that...
Volume-hungry mortgage lenders loosen credit standards

Volume-hungry mortgage lenders loosen credit standards

by Third Party | May 14, 2021 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: Housing Wire —  Mortgage credit availability increased by 2.2% in April as mortgage lenders fight for borrowers in an increasingly competitive market. The Mortgage Bankers Association said Tuesday that the Mortgage Credit Availability Index (MCAI)...
3 Graphs Showing Why You Should Sell Your House Now

3 Graphs Showing Why You Should Sell Your House Now

by Third Party | May 14, 2021 | Industry Updates, News/Current Events, Real Estate News

Source: Keeping Curren Matters —  There’s no doubt that 2021 is the year of the seller when it comes to the housing market. If you’re a homeowner thinking of moving to better suit your changing needs, now is the perfect time to do so. Low mortgage rates are in...
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