Real Estate News & Insights
The Agency Opens Fifth Texas Office
The Agency Rockwall will be led by Managing Partners Heather Stevens and Vanessa Griffin. Continue Reading The Agency Opens Fifth Texas Office
An Open Letter to America’s Real Estate Professionals: The Future of Homeownership Demands Our Leadership
Weekly Real Estate News’ publisher calls for a new emphasis on leadership in the real estate profession. Continue Reading An Open Letter to America’s Real Estate Professionals: The Future of Homeownership Demands Our Leadership
Veteran Real Estate Broker Charts Kaua‘i’s Housing Endgame, One Way Out
Source: Hawaii Public Radio --- The average price of a home on Kaua‘i has gone up more than 40% in the past year. That’s according to Locations Hawaii who also says the average selling price in May was nearly $2.4 million. As for securing affordable housing for local...
Is Alexandria’s Real Estate Market Slowing Down?
Source: Alexandria Living --- You may have heard that the real estate market is slowing down a bit — but is it, really? "It was still crazy — don't get me wrong — but it wasn't significantly crazier" than past months, according to Bethany Stalder of Fidelis Property...
Basketball Great Kevin Garnett Sells Malibu Mansion For $16 Million
Source: Forbes --- NBA great Kevin Garnett has sold his unfinished mansion in Malibu for $16 million. At the center of the 7-acre ocean-view compound is an 11,000-square-foot home in the process of being built. A gated driveway circles the entire property and leads...
For Greenville real estate agents, closing the deal begins with managing client expectations
Source: Post and Courier --- It’s like riding a roller coaster, but the kind that can leave you emotionally drained rather than energized and excited. Purchasing a home in the Greenville market can mean dozens of potential buyers pursing one new listing, a sale price...
Many military families, caught in a housing crunch, are suffering this PCS season
Source: Military Times --- Service members and their families across the country are feeling the sting of the hot housing market as they move to new duty stations. Many are paying out of pocket for longer stays in temporary lodging, waiting longer for on-base housing...
Single-Family Rental Growth Rate in U.S. Doubles Annually in April
Source: The World Property Journal --- CoreLogic's latest U.S. Single-Family Rent Index (SFRI) shows a national rent increase of 5.3% year over year in April 2021, up from a 2.4% year-over-year increase in April 2020. While rent growth dipped significantly last April...
7 in 10 Home Buyers Still Face Bidding Wars in U.S.
Source: The World Property Journal --- National property broker Redfin is reporting that in May 2021 over 70% of home offers written by Redfin agents faced competition, down from a revised rate of 73.6% in April 2021. That's still up significantly from 52.7% in May...
Existing home sales fall again despite gain in for-sale inventory
Source: MPA --- Existing-home sales, weighed down by rising prices and low inventory, fell for the fourth consecutive month in May. According to the National Association of Realtors, total existing-home sales were down 0.9% to an annual pace of 5.80 million – the...
Lumber prices plummet as sawmills crank up output, easing inflation fears
Source: Chicago Tribune --- From sawmills to store shelves to your own hammer swings, lumber can tell you a lot about what is going on in the economy right now. Lumber prices soared over the last year, frustrating would-be pandemic do-it-yourselfers, jacking up the...
Real estate tech startup Side raises $50M more at a $2.5B valuation as it preps for an IPO
Source: Tech Crunch --- Side, a real estate technology company that works to turn agents and independent brokerages into boutique brands and businesses, has raised “$50 million-plus” in a funding round that more than doubles its valuation to $2.5 billion. The latest...
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