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U.S. Existing-Home Sales Slid Last Year as Interest Rates Surged
Source: Mansion Global --- U.S. existing-home sales fell last year to their lowest level since 2014, as surging mortgage rates made home purchases too expensive for many buyers. Sales of previously owned homes, which make up most of the housing market, slid 17.8% in...
Inside Real Estate Announces the Acquisition of BoomTown
Source: Yahoo! --- Top real estate tech companies join forces to create an industry leading real estate technology and services provider MURRAY, Utah, Jan. 20, 2023 /PRNewswire-PRWeb/ -- Inside Real Estate, one of the fastest-growing independent real estate software...
U.S. home sales drop to 12-year low; price growth cools
Source: Investing.com --- WASHINGTON (Reuters) - U.S. existing home sales plunged to a 12-year low in December, but declining mortgage rates raised cautious hope that the embattled housing market could be close to finding a floor. The report from the National...
Housing Market Predictions for the Next 5 Years Promise Lots of Surprises
Source: US News --- Over the next five years, look for several important trends accelerated by the COVID-19 pandemic to begin having lasting impacts on real estate and land use, many of which will impact the demand and supply in regional housing markets. Whether due...
University of California’s $4-billion real estate investment will worsen housing crisis, unions say
Source: Los Angeles Times --- With property values sinking, investors rushed to withdraw money from a real estate fund managed by private equity giant Blackstone last month. But the fund soon found a savior in the Golden State: The University of California poured in...
A Guide to Seller-Paid Mortgage-Rate Buydowns
Source: US News --- At a time when mortgage rates have increased sharply, home shoppers may be able to lock in better terms with a rewarding seller concession: interest-rate buydowns. A seller-paid rate buydown can typically help buyers save more money on monthly...
Price Growth in International Cities Set to Slow, but Trophy Properties Will Help Protect Prime Markets
Source: Mansion Global --- Although international luxury real estate markets are set to take a hit in 2023, the lack of available blue-chip properties will help keep prime prices afloat, according to Savills. Indeed, high-end residential real estate is expected to see...
10 Commercial Real Estate Questions That Need Answers in 2023
Source: Connect CRE --- Citing a quote often attributed to Yogi Berra (who once denied ever saying it), Cushman & Wakefield’s Jennifer Edwards begins a look into the coming year by writing, “It’s déjà vu all over again.” The new year is beginning with “more...
White real estate agents earn 3 times more than Black real estate agents
Source: Yahoo! --- The National Association of Realtors stopped barring Black agents in 1961 but continued to oppose the 1968 Fair Housing Act, which outlawed housing discrimination. The National Association of Realtors reports that white real estate brokers make...
Challenges Faced by Black Real Estate Agents
Source: WNYC --- Brian Lehrer: It's Brian Lehrer Show on WNYC. Good morning again everyone. Anyone read The New York Times article from the other day called Selling Houses While Black? We're going to have the writer, Colette Coleman, on. Housing discrimination is...
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