Current News & Events
Compass Unveils Buyer Demand, a Proprietary Tool for Real-Time Market Insight
The company said the tool will enable agents and their clients to identify dynamics across different price points. Continue Reading Compass Unveils Buyer Demand, a Proprietary Tool for Real-Time Market Insight
Report: 70 New Down Payment Assistance Programs Launched During Q3
More than 2,000 counties now have 10 or more down payment assistance programs available for homebuyers. Continue Reading Report: 70 New Down Payment Assistance Programs Launched During Q3
December home sales drop 4.6%, as supply hits record low
Source: CNBC --- Closed sales of previously owned homes in December fell 4.6% to a seasonally adjusted, annualized rate of 6.18 million units, according to the National Association of Realtors. Sales were down 7.1% year-over-year. Still, December rounded out a year of...
Forecasting the 2022 Twin Cities Real Estate Market
Source: Mpls St Paul --- If you’ve had your fingers crossed for a less crazy housing market, 2022 might be your year. COVID remains a wild card in the market, but Gary and Susan Wahman aren’t predicting any major surprises going into this year. Their main piece of...
1 in 10 Homebuyers & Sellers Say Climate Risk is Main Reason For Move: Redfin Survey
Source: Redfin News --- One in 10 homebuyers and sellers say climate-related risks—hurricanes, flooding, wildfires, extreme temperatures and/or rising sea levels—are the primary reason for their move, and 39% say they’re a contributing factor. That’s according to a...
Memphis real estate: From inventory to home prices, here are the trends to watch in 2022
Source: Commercial Appeal --- Another year is in the books for the Memphis Area Association of Realtors and with that comes the final market report for the prior year, complete with end-of-year data for 2021. For those interested in the ongoing state of Memphis' real...
How do you make middle housing more appealing? Make it look like a single-family home
Source: Deseret News --- When it comes to middle housing, you’ve got to have style. So says the latest report from the Utah Foundation, an independent research group, that shows in new surveys that 72% of respondents say “style is the most important factor in their...
3 in 5 Home Offers Faced Bidding Wars in December, Even Amid Holiday Slowdown
Source: Redfin News --- Nationwide, 59.6% of home offers written by Redfin agents faced bidding wars in December 2021, the lowest share in 12 months. That’s down from a revised rate of 61.3% in November, but up from 54% in December 2020. An offer is considered part of...
Homebuilder confidence drops for the first time in four months, as inflation hits materials
Source: CNBC --- Builders in the single-family housing market are facing growing expenses, which is causing a turnaround in sentiment to start the year. Builder confidence fell one point to 83 in January, according to the National Association of Home Builders...
Homebuyers: Buckle up for another brutal spring housing market
Source: Fortune --- It's usually around this time of year, with the holiday season firmly in the rearview mirror, that homebuyers and sellers alike begin to make their way back into the market. That will continue to pick up each week until March arrives. At that...
Real estate experts say higher mortgage rates, low housing inventory face buyers in 2022
Source: KBTX3 --- BRYAN, Texas (KBTX) - Whether it’s from the increase of people working from home or those global supply chain issues, the housing market has seen plenty of volatility from the pandemic over the past couple years. Buying and owning a home is one of...
WHY ARE BUYERS FLOCKING TO MANCHESTER, NEW HAMPSHIRE?
Source: RISMedia --- The housing market is booming almost everywhere you look. But some areas, although selling just as fast or faster than other communities, remain relatively affordable compared to other hot real estate markets across the country. With home prices...
