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
U.S. Homeowners Have Lost $2.3 Trillion In Value Since June Peak
Source: Redfin --- The Bay Area housing market has lost more value in percentage terms than anywhere else in the country amid sluggish demand. Florida continues to see large gains. Home values are holding up better in the suburbs than in cities, which have seen an...
Radian Hires Sumita Pandit as Chief Growth Office
Radian Group Inc., a real estate organization that specializes in mortgage insurance, announced that Sumita Pandit has been appointed Senior Executive Vice President and Chief Growth Officer. Reporting to Radian’s Chief Executive Officer Rick Thornberry, she will join...
Housing Market Recovery Held Back by Costs, Low Supply
According to a new report from RedFin, an online real estate brokerage, home-purchase applications dropped to the lowest level since 1995 last week as mortgage rates jumped on expectations that the Federal Reserve will need to raise interest rates again to combat...
ECI Group taps Suzy Alford as Chief Administrative Officer
ECI Group, a privately owned real estate organization that focuses on the multifamily space, welcomes to the company leadership Suzy Alford as Chief Administrative Officer. In this newly created role, Suzy will be responsible for the firm's Human Resources, Risk...
RE/MAX Changes Marketing Plan with “Unstoppable Starts Here” Campaign
On the heels of its 2023 advertising campaign launch, RE/MAX® has rolled out the "Unstoppable Starts Here" campaign. The campaign was created to provide the brand and its network with tools that speak to the various benefits of brand association with the balloon – all...
Real Estate Agents Can Earn Decent Salaries — Here’s How They Get Paid
Source: Market Realist --- With home prices still high across most of the country, you may be considering a career in real estate. According to the U.S. Bureau of Labor Statistics, there are about 54,800 openings for real estate agents and brokers every year. And the...
Biden admin cuts some mortgage fees amid housing affordability crisis
Source: CNN Business --- Washington, DCCNN — The Biden administration announced Wednesday a change that will save an estimated 850,000 home buyers — primarily low- and middle-income and first-time buyers — an average of $800 on home financing costs this year. The...
Miami’s hidden high ground: What sea rise risk means for some prime real estate
Source: Miami Herald --- Miami isn’t known for its majestic mountains. The tallest peaks in the South Florida landscape, in fact, are a series of landfills. The highest point south of Lake Okeechobee is the dump at Monarch Hill Renewable Energy Park, better known as...
Commercial property not immune to interest rate pressure
Source: MPA Mag --- While the current property market downturn is expected to start to level out late in 2023, the commercial property market has not been spared the effects of rising interest rates, the latest Herron Todd White data shows. Releasing its Month In...
U.S. Homebuyers Start To Regain Upper Hand in 2023
Source: Investopedia --- Chris Donoso and Yefry Rodriguez's year-long search for their home, a two-family property in Jersey City, N.J., took more than a little patience—and a motivated seller who cut the price by $10,000. "We got very lucky,'' said Donoso, a speech...
