Real Estate News & Insights
Hits and Misses for the Real Estate Week of Nov. 3-7
Fewer first-time buyers in the housing market, the firing of the FHFA’s inspector general, and the comeback for a historic Salt Lake City theater. Continue Reading Hits and Misses for the Real Estate Week of Nov. 3-7
$37.5 Million Sale Breaks Record for Residential Transaction in Martha’s Vineyard
The three-acre estate features a 15,000-square-foot residence with seven bedrooms. Continue Reading $37.5 Million Sale Breaks Record for Residential Transaction in Martha’s Vineyard
Cannabis companies seeking real estate face limited choices and premium prices
Source: MJBizDaily --- Experienced cannabis entrepreneurs know that ancillary companies such as construction and banking providers often charge marijuana businesses more than their non-plant-touching counterparts—the so-called “green tax.” The green tax applies to...
US home prices slide in November for fifth straight month
Source: Fox Business --- Home prices declined again in November as higher mortgage rates continued to weigh on consumer demand for new houses. Prices slid 0.6% nationally in the period from October to November, the fifth consecutive monthly decline, the S&P...
Mortgage approvals plummet further
Source: FT Adviser --- Mortgage approvals fell for a fourth consecutive month in December 2022, reaching the lowest level seen since May 2020, during the first lockdown. Statistics released today (January 31) from the Bank of England showed that mortgage approvals...
Real estate agents vanish en masse as market slows — even in once red-hot Miami
Source: New York Post --- Real estate brokers are heading for the door in droves as the nation’s housing market cools — even in the usually scorching market of Miami. The number of “active” agents in the Florida city plunged by 36% in the fourth quarter of last year...
Still house hunting? Here’s how to navigate Tampa Bay’s tough real estate market
Source: Tampa Bay Times --- This time last year, it seemed like the entire Tampa Bay area was caught up in a home buying frenzy. But as we enter 2023, the tide has changed considerably. High interest rates, stubborn inflation and the threat of recession have caused...
Feds raises rate a quarter point, inflation still a concern
February 1, 2023 (Staff Writer) The U.S. Federal Reserve (Fed) announced its first decision of 2023 for the Federal Funds rate today. An increase of 0.25 percentage points, taking rates between 4.50% and 4.75% was approved and adopted. This is now the eighth...
Local real estate agent gives outlook for 2023
Source: WBRC --- BIRMINGHAM, Ala. (WBRC) - 2023 is bringing promising news to homebuyers. Experts say home prices are beginning to stabilize after a few rocky years, but this year experts say prices will not be as daunting. “It has been a crazy, incredibly competitive...
Outlook on the Real Estate Appraisal Market in the United States to 2028
Feb. 1, 2023 (Staff Writer) -- The "The US Real Estate Appraisal Market: Analysis and Trends with Impact of COVID-19 and Forecast up to 2028" report has been added to ResearchAndMarkets.com's offering. The US real estate appraisal market was valued at US$8.89 billion...
Have Buyer’s Remorse With Your Home? Here’s What to Do
Source: US News --- Caveat emptor – buyer beware – is a well-known phrase in real estate. It refers to instances when buyers must take caution and be smart with their money. If you throw caution to the wind, you could end up regretting your decision. Buyer’s remorse...
Tech office leases slow to a ‘trickle’ in Seattle as real estate braces for impact of layoffs
Source: GeekWire --- Office building attendance in downtown Seattle this past November increased year-over-year from 15-20% to 35-60%, as more companies establish in-office mandates, according to a new report from CBRE. But only a “trickle” of tech tenants signed new...
Recent Posts
Hits and Misses for the Real Estate Week of June 29-July 3- Two Harbors Stockholders Approve Merger with CrossCountry Mortgage
- Toronto Home Sales Surge Amid Decline in New Listings
- Historic Pittsburgh Site of National Negro Opera Company Receives $1.75 Mil…
- Jenni Bonura Named Chief Growth Officer at First Multiple Listing Service
