Current News & Events
Seattle Bans Rental Housing Junk Fees
The Seattle Department of Construction and Inspections will be tasked with investigating rental agreement violations. Continue Reading Seattle Bans Rental Housing Junk Fees
American Real Estate Association Hires John Blount as Chief Lobbyist
The organization said Blount’s recruitment signals its “intent to be a strong national voice on real estate policy.” Continue Reading American Real Estate Association Hires John Blount as Chief Lobbyist
eXp Acquires NextHome, Shifting to a Multi-Model Platform
eXp World Holdings announced it will begin trading on the Nasdaq Global Market under the new ticker symbol “AGNT,” effective on May 8. Continue Reading eXp Acquires NextHome, Shifting to a Multi-Model Platform
California Housing Affordability at Highest Level in 4 Years
A minimum annual income of $204,800 was required to make the monthly payment of $5,120 on a 30-year fixed-rate mortgage at 6.24% in California. Continue Reading California Housing Affordability at Highest Level in 4 Years
New Forecast Predicts Multifamily Vacancy Rate to Increase by Year’s End
“The near-term rent growth outlook was maintained after modest first-quarter rent trends fell in line with expectations,” said Grant Montgomery, national director of multifamily analytics at CoStar Group. Continue Reading New Forecast Predicts Multifamily Vacancy Rate to Increase by Year’s End
Mortgage Rates Up for Second Straight Week
The 30-year fixed-rate mortgage averaged 6.37% as of May 7, up from last week when it averaged 6.30%. Continue Reading Mortgage Rates Up for Second Straight Week
Home Equity Rates Declined in Q1
ATTOM defined equity rich as the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market value. Continue Reading Home Equity Rates Declined in Q1
Urban Construction Accounted for 11% of New Q1 Listings
Seven metros had a majority of their new construction listings in urban ZIP Codes in the first quarter. Continue Reading Urban Construction Accounted for 11% of New Q1 Listings
Q1 Commercial/Multifamily Borrowing Up 52% Year-Over-Year
The dollar volume of loans originated for investor-driven lenders increased by 133% year-over-year. Continue Reading Q1 Commercial/Multifamily Borrowing Up 52% Year-Over-Year
New Index Tracks Immigrant Absorption Impact on Canadian Housing and Economy
“This index is our first public attempt to measure immigration absorption capacity in a transparent, benchmark-driven way,” said Kamal Deep Singh, founder of Immigration News Canada. Continue Reading New Index Tracks Immigrant Absorption Impact on Canadian Housing and Economy
Cory Perkins Named President of Integrated Services at Compass
Perkins was previously chief of staff to Compass Chairman and CEO Robert Reffkin and senior vice president of integrated services. Continue Reading Cory Perkins Named President of Integrated Services at Compass
Real Estate Investor Sentiment at 3-Year Low
The 14-point drop to an index score of 87 was also the first time that all four elements analyzed in the index declined quarter-over-quarter. Continue Reading Real Estate Investor Sentiment at 3-Year Low
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