Current News & Events
Keller Williams Expands Into Qatar
This is the company’s fifth Middle East market, joining the operations in Dubai, Israel, Saudi Arabia and Turkey. Continue Reading Keller Williams Expands Into Qatar
Virginia Home Sales Up 9% in September
The statewide median sales price continued in September was $420,000, a mild $800 increase from one year earlier. Continue Reading Virginia Home Sales Up 9% in September
Inflation Pushes Mortgage Rates Up to 3.85%. Experts Warn Borrowers Not to Panic: ‘Historically, Rates Are Still Fairly Low.’
Source: Time --- Inflation continues to hit levels not seen in 40 years, and mortgage rates are rising with it. The 30-year fixed rate average increased to 3.85% – its highest since March 2020 – while the latest figures from the Bureau of Labor Statistics Thursday...
Real estate market continues to rev its engine
Source: Oak Park --- Traditionally, Super Bowl Sunday is considered the kickoff for real estate sales after a winter break for the holidays. As the market comes alive after the big game, the question on a lot of buyers’ and sellers’ minds is what the 2022 will hold...
Amidst booming housing market, North Texas lot
Source: Biz Journals --- At the end of last year, there were more than 75,000 lots under development in North Texas, a record for the area. The housing supply in North Texas is already thin, and while there’s a record number of lots under development it’s going to be...
Real estate: ‘Foreign investors are licking their chops’ to buy U.S. properties, financial advisor says
Source: Finance Yahoo --- Financial Samurai Founder Sam Dogen joins Yahoo Finance Live to discuss the benefits of borrowing and investing when it comes to the real estate sector amid U.S. inflation.
Pessimism Among Young Drives Housing Sentiment Lower
Source: Mortgage News Daily --- How low can it go? Well, lower than ever apparently when it comes to consumers who think it's a good time to a home. The total fell 1 point to a record low of 25 percent in January while 70 percent said the time was not right, a 4...
Colorado has a record-breaking affordable housing plan. Will state lawmakers push for growth and density, too?
Source: CPR News --- When the pandemic arrived, Colorado was dragged into an intense new phase of its housing shortage. “You can almost draw it exactly to March of 2020, when things started to deviate from the norms,” said Matthew Leprino, spokesperson for the...
Should I Wait To Invest in Real Estate?
Source: The Motley Fool --- Housing prices are high and inventory is low. That combination might cause you to wait when it comes to investing in real estate. But I think that's the wrong approach. We're not in normal economic times regarding the housing market;...
NFT Home Sale Has 1,500 Bidders Lining Up
Source: Blockworks --- A Gulfport, Fla., four-bedroom home is hitting the market this week with a $650,000 starting price tag, an otherwise unremarkable listing in a red hot real estate market. Or it would be, anyway, except for a crypto caveat: Buyers can purchase...
Real Estate Commissions Being Squeezed in U.S. Over Last 4 Years
Source: World Property Journal --- National property broker Redfin is reporting the typical commission rate paid to brokerages representing homebuyers in the U.S. has fallen to its lowest point in at least four years. Redfin found the typical U.S. buyer's agent...
Inflation will persist through 2023 even if pandemic fades, economist says
Source: Construction Dive --- Fed policymakers Wednesday signaled their intention to reduce price pressures by raising the federal funds rate from a record near-zero low at their next meeting on March 15-16. "We're committed to our price stability goal," Fed Chair...
