Featured Real Estate News
Maine Home Sales Total and Median Sales Price Unchanged Year-Over-Year
Maine’s statewide figure of 851 sales of single-family existing homes during March remained unchanged from one year earlier, according to data from the Maine Association of Realtors. Also unchanged year-over-year was the median sales price of $375,000. Judy Oberg, the...
Maine Home Sales Total and Median Sales Price Unchanged Year-Over-Year
Sales in the Northeast decreased 12.2% year-over-year while the median sales price increased 5.7% to $494,500. Continue Reading Maine Home Sales Total and Median Sales Price Unchanged Year-Over-Year
Compass Drops Lawsuit Against Zillow
Compass Inc., d/b/a Compass International Holdings (NYSE: COMP), announced it is dropping its lawsuit against Zillow Group (NASDAQ: Z, ZG) after the Seattle-based brokerage announce it will drop its ban on home sellers and their real estate representatives for...
Brad Cutsey Steps Down as CEO of InterRent Real Estate Investment Trust
Ottawa-headquartered InterRent Real Estate Investment Trust (TSX: IIP.UN) has announced that Chairman and CEO Brad Cutsey is resigning effective March 23. He will also step down as a trustee of the multifamily market-focused REIT. The company said Cutsey’s departure...
Federal Reserve Maintains Rate Range
The Federal Reserve has opted to hold rates at their current level. The central bank’s policy making Federal Open Market Committee stated it will “maintain the target range for the federal funds rate at 3.5% to 3.75%.” The vote...
News & Current Events
eXp Realty to Offer ‘Coming Soon’ Pre-Market Listings in Three-Portal Syndication
“If a home is being marketed to the public, consumers deserve the opportunity to see it,” said Leo Pareja, CEO of eXp Realty. Continue Reading eXp Realty to Offer ‘Coming Soon’ Pre-Market Listings in Three-Portal Syndication
Wan Bridge Unveils Plans for Dallas-Area Rental Home Community
Frontera Shores will offer a selection of two-, three-, and four-bedroom floor plans ranging from approximately 1,280 to 1,880 square feet. Continue Reading Wan Bridge Unveils Plans for Dallas-Area Rental Home Community
FHFA Offers Home Insurance Rule Updates to ‘Fix Expensive, Stupid Biden-Era Requirements’
“Thanks to President Trump’s landslide victory, we are replacing a disruptive and expensive Biden insurance mandate with commonsense policies for today’s market,” said FHFA Director Bill Pulte. Continue Reading FHFA Offers Home Insurance Rule Updates to ‘Fix Expensive, Stupid Biden-Era Requirements’
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Mortgage Rates Record Slight Increase
A new data report from Redfin found the median monthly housing payment fell to $2,365 during the four weeks ending Jan. 4. Continue Reading Mortgage Rates Record Slight Increase
Newsom Follows Trump in Calling for Ban of Institutional Investors in Single-Family Housing Market
The announcement was framed by having Newsom as a change agent for affordability. Continue Reading Newsom Follows Trump in Calling for Ban of Institutional Investors in Single-Family Housing Market
Trammell Crow Residential Opens Phoenix and Nashville Offices
TCR has named Tom Lewis as managing director in Phoenix and Peter Davis as managing director in Nashville. Continue Reading Trammell Crow Residential Opens Phoenix and Nashville Offices
Corcoran Group Launches New Virginia Franchise
Formerly Wiley Real Estate, the firm was founded in 2016 and is led by broker/owners Justin and Peter Wiley. Continue Reading Corcoran Group Launches New Virginia Franchise
Home Affordability in Q4 Remained Mostly Elusive
ATTOM added the median sales price of a home has risen 54% over the past five years while typical wages only increased by 29%. Continue Reading Home Affordability in Q4 Remained Mostly Elusive
Mortgage Credit Availability Declined in December
“The December decrease reversed gains from the prior two months,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Declined in December
Leadership Shift Announced at Toll Brothers
Scott D. Stowell, lead independent director of Toll Brothers, said the succession plan demonstrated both the company’s “deep talent bench.” Continue Reading Leadership Shift Announced at Toll Brothers
Mill Creek Residential Breaks Ground on Single-Family BTR Community in Austin
Mill Creek Residential has broken ground on its latest Texas development: Amavi Northwest Austin, a single-family, build-to-rent (BTR) community in the Northwest Austin/Round Rock metropolitan area. The gated, pet-friendly community will feature 144 three- and...
Democrat Senator Calls on Trump to Declare National Emergency on Housing
The White House did not comment on Slotkin’s remarks or legislation. Continue Reading Democrat Senator Calls on Trump to Declare National Emergency on Housing