Current News & Events
Zillow Offers Data Analysis Claiming Private Listings Could Perpetuate Racial Disparities
In majority-white areas, 7.9% of homes for sale within MRED were listed privately. In predominantly minority areas, that share was 3.4%. Continue Reading Zillow Offers Data Analysis Claiming Private Listings Could Perpetuate Racial Disparities
Wisconsin Home Sales and Prices Up During October
The median price increased to $331,500, which is a 6.9% increase over the last 12 months. Continue Reading Wisconsin Home Sales and Prices Up During October
Black real estate developers get rare access to big capital through Philadelphia program
Source: CNBC --- Black Americans represent less than 5% of residential real estate developers, largely because they can’t get equal access to capital, according to a recent report by the Urban Land Institute. Institutional capital – real estate investment trusts and...
HOW TO FIND COMPS IN REAL ESTATE
Source: Ris Media --- How much is a house worth? Knowing the value of a home can be crucial when buying or selling. The location and market trends will be very important, but they aren’t everything. What decides how much your house is worth are the real estate...
INSIGHT: US housing market to hit demographic wall by 2030s
Source: ICIS --- CHARLOTTE, North Carolina (ICIS)–Demographics will weigh heavily on the long-term outlook for the US housing sector as a much smaller Gen Z population reaches prime home-buying age in the first half of the 2030s, according to an ICIS analysis. Housing...
Housing market on the rise? Why pending contracts for home sales have industry buzzing.
Source: USA Today --- A slight decline in mortgage rates in December and January contributed to an improvement in pending home sales for a second consecutive month, according to data released Monday by the National Association of Realtors. The Pending Home Sales Index...
Pending home sales jump by most since June 2020 as housing market looks to rebound
Source: Yahoo! News --- Signed contracts to buy existing homes in the U.S. rose in January in the largest monthly increase since June 2020, as the housing market sets course for rebound mode. The National Association of Realtors’ index of pending home sales climbed...
Mortgage Lending Activity Slumps Across Country to Lowest Point in Nearly Nine Years
ATTOM, a curator of land, property, and real estate data released its fourth-quarter 2022 U.S. Residential Property Mortgage Origination Report, which shows that 1.52 million mortgages secured by residential property (1 to 4 units) were originated in the fourth...
Home prices set for double-digit plunge in major Western US cities: Goldman Sachs
Source: New York Post --- Four US cities that experienced housing booms during the COVID-19 pandemic are set for major declines in home prices by the end of next year, according to Goldman Sachs analysts. The pandemic boomtowns of Austin, Seattle, Phoenix and San...
Realtor.com February Housing Report: Housing Inventory Recovery Continues, Giving Buyers More Options
The U.S. supply of homes for sale rose at a record annual pace for the sixth month in a row, up 67.8% year over year in February, signaling the housing market's continued rebalancing, according to the Realtor.co Monthly Housing Trends Report. Despite the significant...
In March, Mortgage Rates Will Have Little Reason to Fall
Source: Nerd Wallet --- March mortgage rates forecast The economic calendar in March is not friendly to mortgage rates. There's not much on it to motivate rates to fall. After rising sharply in February, mortgage rates are more likely to level off or go up a little...
The Top Real Estate Companies in Virginia
Source: US News --- Virginia's moderate climate makes it a desirable choice for many home buyers. The average home value in Virginia is about $352,000, according to Zillow. And over the past year, home prices have risen 7%. The amount you'll spend on a home in...
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