Current News & Events
Mortgage Application Activity Declines for Fourth Straight Week
The Refinance Index increased by 4% and was 81% higher than the same week one year ago. Continue Reading Mortgage Application Activity Declines for Fourth Straight Week
REcore Solutions Sues Homes.com and CoStar Group Over Unpaid Licensing Fees
REcore said it would terminate the Homes.com and HomesPro data feeds containing listing records for the CRMLS as of Nov. 1. Continue Reading REcore Solutions Sues Homes.com and CoStar Group Over Unpaid Licensing Fees
Best Places To Invest In Property in 2022, According to Real Estate Experts
Source: GOBankingRates --- The 2021 housing market gave prospective buyers a wild ride. Shortages of materials and labor made inventory scarce, while rock bottom interest rates boosted demand, creating a perfect storm of bidding wars and inflated home values. Things...
With Housing Prices Spiking Everywhere, Where Is It Cheaper To Rent vs. Buy?
Source: Realtor.com --- To buy or not to buy? That is indeed the age-old question for renters who are flirting with the idea of homeownership amid fast-rising rental prices. But in today’s wild and scary housing market—where prices seem to have no ceiling, mortgage...
NYC real estate expert on record market: Opportunities for ‘good deals’ still exist
Source: Fox Business --- "Million Dollar Listing" star Ryan Serhant discussed the booming New York City real estate market on Tuesday, noting that opportunities for "good deals" still exist despite the surge in demand. Serhant, a real estate broker, argued on...
Housing Market: Home Prices Surged 18.8% in November — and That’s Actually a Slowdown
Source: MSN --- If you’re looking to buy a home in the current housing market, it helps to find a ray of sunshine wherever you can. So here is that ray of sunshine: Yes, home prices continue to surge — they rose nearly 19% in November — but the pace of price growth...
How the Marshall Fire is affecting the real estate market
Source:9News --- BOULDER, Colo. — More than 1,000 homes burned to the ground during the Marshall Fire, at a time when there are already too few homes on the market in Colorado. Almost a month later, the fire’s immediate impact on the housing market is starting to...
No Shot in the Arm: Why COVID Vaccination Rates Have Little Impact on Local Housing Dynamics
Source: Zillow --- With the widespread rollout of COVID-19 vaccines beginning in early 2021, local vaccination rates were found to have little impact on housing market performance or long-term, strategic housing decisions – but did lengthen transaction times in...
The Share of Homebuyers Looking to Relocate Is Near Pandemic Peak
Source: Redfin News--- Nationwide, 31.2% of Redfin.com users looked to move to a different metro in the fourth quarter of 2021, near the record high of 31.5% set in the first quarter. The share is up significantly from pre-pandemic levels, with 26.3% of Redfin.com...
Residential Rents in North America Rise 14 Percent in December
Source: The World Property Journal --- According to national property broker Redfin, average monthly listed rents in the U.S. increased 14.1% year over year to $1,877 in December 2021. This was the largest annual jump since at least February 2019--the earliest month...
Commercial real estate deal volume leaps nearly 90% annually in 2021
Source: Scotsman Guide --- With the entirety of 2021 now in the books, it’s safe to say that the U.S. commercial real estate market left recovery mode last year and firmly entered a certifiable boom period. Case in point: According to a fourth-quarter 2021 report from...
Home prices surged in November, but at a slower rate than in October, S&P Case-Shiller says
Source: CNBC --- Even as the housing market entered its traditionally slower season in November, home prices showed big gains from a year ago. Prices rose 18.8% year over year on the S&P CoreLogic Case-Shiller National Home Price Index. Yet that was a slower rate...
