Real Estate News & Insights
CMBS Delinquency Rate Falls After 6 Months of Increases
Year-over-year, the overall CMBS delinquency rate is up 153 basis points from 5.70% Continue Reading CMBS Delinquency Rate Falls After 6 Months of Increases
Luxury Home Sales Rise While Sales Activity Declines
“Sales have slowed across all price tiers, and luxury homes are no exception,” said Redfin Senior Economist Sheharyar Bokhari. Continue Reading Luxury Home Sales Rise While Sales Activity Declines
Millennials locked out of hot real estate markets
Source: Marketplace --- Looks like there’s an acceleration coming in residential real estate. The National Association of Realtors reported on Monday that pending home sales were up 7.5% in October. That’s seen as a leading indicator of home sales that’ll close in 30...
Commercial Real Estate Trends And The Call For Creativity
Source: Forbes --- The ripple effect of the pandemic’s impact on the commercial real estate (CRE) market is going to have a lasting effect on several market sectors. The remote workforce genie isn’t going back in the bottle, and the reliance on e-commerce and advances...
Investors Snap Up Metaverse Real Estate in a Virtual Land Boom
Source: NY Times --- Justin Bieber performed at a live concert this month, but the show wasn’t in a stadium or arena. Like recent performances from Ariana Grande, the Weekend and Travis Scott, this concert was held in the metaverse, the online world that stretches the...
Even in tech hub Shenzhen, China’s property market succumbs to chills
Source: Reuters --- Life used to be good for Jerry Tang, who left his rural hometown in 2014 to become a real estate agent in Shenzhen - China's tech megacity and one of the world's hottest property markets. Just a few years ago Tang could make up to 50,000 yuan...
Pending home sales surge higher in October — will the omicron variant trip up the real-estate market?
Source: Market Watch --- The number of home buyers who signed a contract to purchase a home in October increased markedly, far exceeding economists’ expectations. Pending home sales rose 7.5% in October compared with September, the National Association of...
This leader shares his roadmap to a $1 billion real estate business
Source: Inman --- When Brett Jennings, founder of Real Estate Experts in San Jose, set the goal of reaching $1B in annual sales volume, he didn’t think he’d actually hit it. But he had to list something as a 10-year “big, hairy, audacious goal” for a business planning...
Summit County’s luxury real estate market remains strong headed into 2022
Source: Summit Daily --- Why so many people are interested in purchasing a second home in Summit County isn’t a mystery. The area boasts plenty of recreational opportunities year-round, the scenery is impeccable and it’s the first big stop along Interstate 70 that...
New Shenandoah County real estate assessment shows large jump in fair market property values
Source: WHSV --- Over the past week, many residents of Shenandoah County have been surprised when they’ve received the updated real estate assessments for their home’s value in the mail. Estimated fair market home values have risen substantially. Every six years,...
Creating team cohesion after lockdown
Source: Mortgage Professional Magazine --- When it came to the pandemic, brokers had challenges left, right and centre. Not only did lenders change their credit policies and their interest rates over and over again, but borrowers came to the fore with a whole set of...
Making change that counts this November
Source: CMP --- Financial Literacy Month has arrived, and all November long CWB Optimum Mortgage will share tips, tools and resources with brokers and clients to underscore the importance of financial literacy — not just within these 30 days, but every day. Optimum’s...
