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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...
‘Home sales are bottoming out’: Are homebuyers now calling the shots in 2023 housing market?
Source: USA Today --- Buyers might finally be calling the shots in 2023, as housing inventory while still low, has started to climb up. Existing-home sales fell for the twelfth straight month in January, with year-over-year sales falling 37%, the biggest decline since...
California REALTORS® support move by HUD and FHA, states that it will provide greater homeownership opportunities
The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) issued the following statement in response to the Housing and Urban Development's (HUD) announcement to reduce the annual mortgage insurance premium on Federal Housing Administration (FHA) insured loans. ...
New Home Pending Sales Dip 5.8% But the Spring Selling Season Signals Sales
Zonda, an advisor in the housing industry, released the New Home Market Update report for January 2023. So far, most builders report a stronger than expected start to the year. There are pockets of outperformance where some communities are exceeding sales seen...
Curbio Launches Mobile App, Promises to Provide Pre-Listing Home Improvement Estimates.
Curbio, Inc., a pay-at-closing home improvement tool for the real estate industry, announced the launch of its new mobile app. The app allows real estate agents and home sellers to get estimates for pre-listing home improvement costs and projected ROI. Agents and...
An uncle’s advice led Mark Cothran into the world of real estate
Source: Upstate Business Journal --- When Mark Cothran was 6 years old, his father Al, a former Air Force and commercial airline pilot, was killed in a training crash at an Army helicopter school in Texas. Years later, Al’s younger brother, John, gave Mark what he...
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