Current News & Events
Median for Luxury Home Sales Prices Hit New Record High for October
Last month’s price was a 5.5% year-over-year increase. Continue Reading Median for Luxury Home Sales Prices Hit New Record High for October
Virginia Home Sales Jumped by 3.1% in October
The statewide median sales price was $430,000, a $15,000 or 3.6% increase from October 2024. Continue Reading Virginia Home Sales Jumped by 3.1% in October
Pending Home Sales Improved for Second Consecutive Month, Up 8.1% from December 2022
Pending home sales improved in January for the second consecutive month, according to the National Association of Realtors. All four U.S. regions posted monthly gains but saw year-over-year drops in transactions. The Pending Home Sales Index (PHSI) — a...
Homes owned by Black households appreciated the fastest during the pandemic
Homes owned by Black families appreciated more than any others since the start of the pandemic, with the typical Black homeowner gaining nearly $84,000 in equity. Black Americans also made slight gains in homeownership rates, despite disproportionate job and income...
JPMorgan cuts mortgage jobs in Columbus, CEO Jamie Dimon says bank is ‘mostly expanding’
Source: The Columbus Dispatch --- The largest private employer in Columbus has cut some jobs in its mortgage business, a reflection of home lending being hurt by higher interest rates. JPMorgan Chase & Co.'s CEO, Jamie Dimon, acknowledged the losses in an...
Are iBuyers good or bad for the real estate ecosystem
iBuyers, short for "instant buyers," are companies that use technology and data analysis to make fast cash offers on homes, usually at a discount. The concept of iBuyers first emerged in the early 2010s as a response to the traditional home selling process, which can...
How low will house prices go? Lessons from UK, US, Europe and elsewhere
Source: The Guardian --- Across the world house prices are breaking records – but this time it is because of how fast they are falling. Houses in Stockholm are now selling for 20% less than their peak, Sydney prices are down by almost 14% over the year, while in San...
Civil Forfeiture Complaint Filed Against Six Luxury Real Estate Properties Involved In Sanctions Evasion And Money Laundering
Source: United States Department of Justice --- Complaint Seeks Forfeiture of Properties Worth Approximately $75 Million Owned by Viktor Vekselberg and Maintained by Fugitive Vladimir Voronchenko Damian Williams, the United States Attorney for the Southern District...
The Top 10 Real Estate Agents in New York for 2023
Source: Grit Daily --- New York is one of the world’s most competitive real estate markets, and finding the right real estate agent can make all the difference in your buying or selling experience. In a city where millions of dollars can ride on a single transaction,...
Most North Bay residential real estate markets off in January from a year ago
Source: North Bay Business Journal --- Inventory of homes for sale in the North Bay was lower in January 2023 compared to last year and is still declining, but real estate industry optimism is growing in expectation of new listings and higher sales volumes leading up...
The value of US homes recorded its biggest six-month drop since 2008
Source: Quartz --- US homes have recorded the largest fall in value since the global financial crisis. In June 2022, US homes were worth a record $47.7 trillion. By the end of the year, they fell by almost 5% to $45.3 trillion. That’s the largest June-to-December...
How a Houston real-estate agent who closed $28 million in deals in 2022 turned her broadcast news layoff into a lucrative new career
Source: Insider --- Before she was a successful real-estate agent closing on nearly $28 million in deals in 2022, Lily Jang was a news anchor for KHOU-TV in Houston. She never would've left the broadcasting world, she told Insider, had the TV station not gone through...
