5 Steps to Becoming a Local Real Estate Market Expert
Source: Ris Media --- Real estate, like politics, is all local. When buyers and sellers are browsing the internet looking for the right agent to guide them through their next transaction, they’re looking for a local real estate market expert. Here are five strategies...
Is This Real Estate Market Boom a Bubble?
Source: Hour Detroit --- As anyone who’s looking to buy a house knows, the metro Detroit real estate market is on fire, with inventory low, demand high, and prices through the roof. We asked Jeff Tucker, senior economist at Zillow, for answers to some of the most...
Was Real Estate the Real Cause of the American Revolution?
Source:Ris Media --- For centuries, historians have debated whether the American Revolution was driven more by ideas or economics. I’m fully in the “ideas” camp, but it would be disingenuous to believe that an economic crisis doesn’t lead to grandiose ideas....
Illinois, Florida and New Jersey Housing Markets at Most Risk of COVID Damage
Source: The World Property Journal --- Based on ATTOM Data's newly released second-quarter 2021 Coronavirus Report, U.S. states along the East Coast, as well as Illinois, were most at risk in the second quarter of 2021 - with clusters in New Jersey, Delaware, the...
News/Current Events
AT&T working with real estate company on 5G smart city in Virginia
Source: ZDNet --- AT&T and property developer JBG Smith announced a letter of intent to create a 5G Smart City at scale in National Landing, a community at the intersection of three neighborhoods in northern Virginia. AT&T and JBG Smith said the first...
Bangor, Maine Is The #9 Real Estate Market In The U.S. Right Now
Source: Q1065 --- If there's one thing no one could've totally predicted when the pandemic struck, is that people would start flocking to Maine like never before. Not on vacation, but literally packing up and moving here from all over the country. That has caused...
In rural Minnesota, ‘nothing but upside’ as farmland values near record highs
Source: Star Tribune --- Rising prices for farmland across Minnesota helped Greg Schuman and his siblings decide it was finally time to sell off 160 acres in Chippewa County that his family owned for nearly a century. "The timing was right for us, with land prices...
Bidding wars and ‘meaningless’ list prices: Buying a house in the Bay Area
Source: NBC --- Dennis Mo, a 34-year-old engineer, paid $200,000 over the list price for his four-bedroom, two-bathroom, single-story 1960s ranch house in West San Jose in Silicon Valley at the end of September. For three months, he and his wife, Christine, who also...
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Industry Updates
Illinois, Florida and New Jersey Housing Markets at Most Risk of COVID Damage
Source: The World Property Journal --- Based on ATTOM Data's newly released second-quarter 2021 Coronavirus Report, U.S. states along the East Coast, as well as Illinois, were most at risk in the second quarter of 2021 - with clusters in New Jersey, Delaware, the...
The DOJ vs. NAR: What’s the impact to real estate agents?
Source: Housing Wire --- The following Q&A comes from the HW+ exclusive Slack channel, where HousingWire Senior Real Estate Reporter Matthew Blake answered questions about his latest coverage on the impact of the DOJ’s decision and how the industry is gearing up...
Housing inventory slowly coming back as frenzy fades
Source: Housing Wire --- After four consecutive months of declines, existing home sales increased in June, jumping 1.4% from May to a seasonally adjusted annual rate of 5.86 million, according to the National Association of Realtors. You can thank a rise in housing...
Report: Climate change poses risk to real estate investments beyond the coasts
Source: WRAL Tech Wire --- According to a new report co-authored by The Climate Service, real estate investments are especially prone to climate risk, as the impact of climate-related damage from rising seas and storms along coastlines is projected to cost cities as...
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One of the findings: protecting green spaces throughout urban municipalities can significantly reduce the risk of extreme heat. https://bit.ly/3rAW1fT #WREnews #RealEstate #WRALtechWire
This type of housing market can be frustrating if you are looking for a home. Unfortunately, it can sometimes lead borrowers to make the mistake of taking out a mortgage that is larger than they can truly afford. https://bit.ly/3iOqW4d #WREnews #RealEstate #DetroitFreePress
According to Fox ABC Maine and the Wall Street Journal, Bangor is the #9 hottest real estate market in all of the U.S. It makes sense in some ways. https://bit.ly/2Wo7gg #WREnews #RealEstate #Q1065