Current News & Events
Report: DOJ and FBI Probing Pulte for Possible Misconduct in Mortgage Fraud Referrals
Pulte did not issue any public response to the story. Continue Reading Report: DOJ and FBI Probing Pulte for Possible Misconduct in Mortgage Fraud Referrals
Florida Home Sales Rise While Prices Decline
The statewide median sales price for single-family existing homes in October was $411,105, down 0.9% compared to one year ago. Continue Reading Florida Home Sales Rise While Prices Decline
This State Has the Highest Real Estate Taxes (and It’s Not Even Close)
Source: The Motley Fool --- Residents in this state pay about three times the national median. The median U.S. homeowner pays 1.11% of their home's value in property taxes each year. And based on 2021 home-price data, this translates to a median tax bill of $2,971....
More US Homebuyers Are Paying in Cash, Sweeping a Majority of Sales in Some Markets
Source: Yahoo! Finance --- The share of all-cash deals rose to the highest since 2013 last year, while institutional investors, who usually account for many cash sales, retreated, according to data from real estate data analytics firm Attom. That suggests more regular...
London property forecast: capital predicted to be global ‘megacity’ with house prices 12 times incomes by 2037
Source: Evening Standard --- With house prices expected to reach 12 times annual salaries, the capital is set to become one of the least affordable cities in the world. London is set to become one of the least affordable cities in the world, along with Tokyo, Tel...
Boon for Buyers: The 10 U.S. Cities With the Biggest Increases in Homes for Sale
Source: Realtor.com --- Where are all the homes, anyway? Ever since the COVID-19 pandemic ignited a nationwide housing boom, wannabe buyers have been plagued by bone-dry home inventory levels in many markets—causing them to either wait on the sidelines for more...
JLL CEO Urges Patience for ‘Relatively Short’ Real Estate Industry Downturn
Source: CoStar --- JLL, the world's second-largest real estate brokerage by revenue, reported declines in leasing and capital markets in its latest earnings report as the industry prepares for what executives hope will be a rebound in deal activity later this year....
Last-minute bill to let real estate developers levy taxes like a city shows the developer domination of the Utah Legislature, Robert Gehrke writes
Source: The Salt Lake Tribune --- It’s no secret that real estate developers dominate the Utah Legislature. The House speaker, Senate president, House majority leader and nearly one out of every five lawmakers in the body are, in one way or another, involved in real...
Real estate market hit by low inventory
Source: Antelope Valley Press --- LANCASTER — Limited inventory is hitting the residential and commercial real estate markets, while the changing economic landscape is having a greater impact on the residential market, forecasters said during Friday’s Antelope Valley...
Are All-Cash Buyers Dominating NYC Real Estate Market?
New real estate data and reporting recently revealed that nearly a third of U.S. homebuyers are sidestepping a mortgage and purchasing property via cash-only transactions, according to Redfin. This is a trend that is suddenly dominating big cities like Atlanta, Ga.,...
Real Estate Agents Graduate From Industry Training Program
A number of industry professionals have graduated from the T3 Fellows program, a customized training course designed to prepare real estate brokers to succeed in a changing market. Across the T3 Fellows program, each broker and team owner follows a...
Understanding the 1% rule for real estate investors
Source: Yahoo! --- Thinking of investing in real estate? Before buying an investment property, you need to make sure that it will generate at least enough money to cover your monthly carrying costs — and, ideally, more. That’s where the 1 percent rule comes into play....
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