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
EPA Seeks to Revise Definition of Waters of the U.S.
Source: NAHB --- The U.S. Environmental Protection Agency (EPA) and Department of the Army (the agencies) have announced their intent to revise the definition of “waters of the United States” (WOTUS). EPA Administrator Michael Regan says that the Navigable Waters...
Survey: Staff retention tops list of 2021 lender concerns
Source: Scotsman Guide --- New data from The Mortgage Collaborative (TMC) revealed that personnel retention tops the concerns of mortgage lenders in 2021. According to the organization’s inaugural “The Pulse of the Mortgage Industry” survey, retention of current staff...
Tax bills show how much Covid devalued NYC real estate
Source: The Real Deal--- The pandemic hit the commercial real estate market hard. Property tax bills now reveal just how hard. New York City expects property tax revenue to drop by $1.6 billion, or 5 percent, in the coming fiscal year, Bloomberg News reported. That’s...
Las Vegas Area Home Prices Set New Record in May
Source: The World Property Journal --- Las Vegas Realtors are reporting this week that the median price of existing single-family homes sold in Southern Nevada during May 2021 was $385,000. That tops the all-time record set in April. May's median home price is up...
Luxury Home Sales Surge Twice as Fast as Mid-Priced Homes in U.S.
Source: The World Property Journal --- According to national property broker Redfin, purchases of high-end homes in the U.S. jumped 26% year over year during the three months ending April 30, 2021. That's compared to the 17.8% gain in purchases of affordable homes and...
This Is What Real People Are Doing to Get an Edge in Bidding Wars
Source: Apartment Therapy --- Summer has always been a busy time for the real estate market, but thanks to an unusually low level of inventory and an overwhelmingly high demand for homes, it’s basically been summer since last March. This is bad news for buyers who...
Is the appraisal process color-blind?
Source: Housing Wire --- Recently, at an event marking the 100th anniversary of the Tulsa Race Massacre, President Biden announced the launch of a new interagency task force to root out what it calls inequity in the appraisal industry. As a candidate, Biden’s campaign...
Take on the Cyber Hijackers
Source: Scotsman Guide --- The FBI defines ransomware as a type of malicious software that prevents an authorized user from accessing their computer files, systems or networks, and demands that you pay a ransom for their return. Ransomware attacks can create...
With many Americans house rich, here are the best ways to tap your home for cash
Source: CNBC --- Many Americans are suddenly house rich. On paper, anyway. Soaring home prices have resulted in a record amount of home equity on hand. By the end of last year, roughly 46 million homeowners held a total $7.3 trillion in equity to tap, the largest...
Young military families tap veteran benefits to buy homes in a hot real-estate market
Source: CNBC --- Eddie Valdivia, 34 and his wife, Vanessa, 36, workers at the Red Cross, bought their first house last October, right in the middle of the pandemic. It’s a three-bedroom, three-bathroom house on a half-acre in Palmdale, California, about 90 minutes...
