Real Estate News & Insights
Hospitality at Work Acquires Vector Property Services
The financial terms of the deal were not disclosed. Continue Reading Hospitality at Work Acquires Vector Property Services
Mortgage Rates Go Into Decline
The 30-year fixed-rate mortgage averaged 6.30% as of Oct. 9. Continue Reading Mortgage Rates Go Into Decline
Pessimism Among Young Drives Housing Sentiment Lower
Source: Mortgage News Daily --- How low can it go? Well, lower than ever apparently when it comes to consumers who think it's a good time to a home. The total fell 1 point to a record low of 25 percent in January while 70 percent said the time was not right, a 4...
Colorado has a record-breaking affordable housing plan. Will state lawmakers push for growth and density, too?
Source: CPR News --- When the pandemic arrived, Colorado was dragged into an intense new phase of its housing shortage. “You can almost draw it exactly to March of 2020, when things started to deviate from the norms,” said Matthew Leprino, spokesperson for the...
Should I Wait To Invest in Real Estate?
Source: The Motley Fool --- Housing prices are high and inventory is low. That combination might cause you to wait when it comes to investing in real estate. But I think that's the wrong approach. We're not in normal economic times regarding the housing market;...
NFT Home Sale Has 1,500 Bidders Lining Up
Source: Blockworks --- A Gulfport, Fla., four-bedroom home is hitting the market this week with a $650,000 starting price tag, an otherwise unremarkable listing in a red hot real estate market. Or it would be, anyway, except for a crypto caveat: Buyers can purchase...
Real Estate Commissions Being Squeezed in U.S. Over Last 4 Years
Source: World Property Journal --- National property broker Redfin is reporting the typical commission rate paid to brokerages representing homebuyers in the U.S. has fallen to its lowest point in at least four years. Redfin found the typical U.S. buyer's agent...
Inflation will persist through 2023 even if pandemic fades, economist says
Source: Construction Dive --- Fed policymakers Wednesday signaled their intention to reduce price pressures by raising the federal funds rate from a record near-zero low at their next meeting on March 15-16. "We're committed to our price stability goal," Fed Chair...
Real Estate Commissions Being Squeezed in U.S. Over Last 4 Years
Source: World Property Journal --- National property broker Redfin is reporting the typical commission rate paid to brokerages representing homebuyers in the U.S. has fallen to its lowest point in at least four years. Redfin found the typical U.S. buyer's agent...
Saudi Arabia
Source: Scotsman Guide --- Saudi Arabia, the largest country on the Arabian Peninsula, is quickly rising to become a major foreign player in U.S. commercial real estate. It’s an indisputable fact that much of Saudi wealth, along with the country’s economy as a whole,...
MILLENNIAL DEMAND IS DRIVING PRICES UP IN NEIGHBORHOODS WITH KIDS
Source: RISMedia --- With a record number of millennials set to reach key age milestones for homebuyers over the next two years, experts say this could push already accelerated price gains even further. This, according to a new report from Zillow that found home...
Housing Market Update: Expect Price Growth to Slow, Sales to Stay Flat as Mortgage Rates Approach 4% This Year
Source: Redfin --- Home-price growth, which has been in the double digits since Summer 2020, is expected to slow to an annual rate of 7% by the end of 2022, according to a new forecast by Redfin economists. Home sales are expected to remain relatively flat throughout...
