Real Estate News & Insights
Mid-Atlantic Home Sales Up 6.2% Year-Over-Year
The median sold price in the Bright MLS Mid-Atlantic region was $419,900 Continue Reading Mid-Atlantic Home Sales Up 6.2% Year-Over-Year
Study: 20% of California Residents Worried About Covering Housing Costs
The survey found 15.6% of adults taking on an additional job or more work at their current job to cover their housing costs. Continue Reading Study: 20% of California Residents Worried About Covering Housing Costs
Are we in a real estate bubble?
Source: FOX 5 --- (NEXSTAR) – At the end of 2021, home prices were 18.5% higher than they had been just a year before, according to CoreLogic. And just when you think prices couldn’t possibly get any higher, they have. In January 2022, home prices climbed yet again as...
House rich, cash poor: How some Utahns cope with rising values, property tax
Source: KSL.com --- SALT LAKE CITY — Cheryl Johnson has lived in the same home for 60 years. The original stucco structure sits directly on the ground without benefit of a concrete foundation, and the property taps water from a well in the backyard. In contrast to the...
The Black homeownership rate is now lower than it was a decade ago
Source: CNN --- Even as home prices have skyrocketed during the pandemic, homeownership continues to grow. But the rate of home buying has not increased at the same pace for all Americans, according to a new report from the National Association of Realtors. More...
Real Estate newsletter: Inside L.A.’s plan to add 250,000 homes
Source: LA Times --- Welcome back to the Real Estate newsletter, where a busy week brought us news from every corner of the Southern California housing market. Let’s start with the affordable part of the market (relatively speaking, of course). State regulators...
From Renter to Homeowner: Tips from People Who Made the Change
Source: The Spruce --- Many millennials are in the process of leaving their rental units behind to become homeowners, but purchasing a house or condo doesn't solely result in more space and freedom—it can bring about a slew of challenges, too. We spoke with young...
Despite tight housing market, Baton Rouge residential vacancy rate rises
Source: Business Report --- A national real estate data firm counts 3,622 vacant residential properties in the Baton Rouge metro area, or 1.46% of the total. That’s a little above the national average of 1.37% and a little higher than the local vacancy rate found in...
How joining the Great Resignation could hamper homebuying plans
Source: Bankrate --- If you joined the Great Resignation in the last year, you may have found it even harder to compete in the already wild pandemic housing market. A record number of Americans quit their jobs in 2021, according to the Bureau of Labor Statistics, and...
Before rushing into the hot housing market, here’s how to set yourself up for success
Source: CNBC --- Looking for a new home may seem like a daunting task these days. Prices are up, inventory is low and mortgage rates are rising. That’s why, in this environment, it pays to do your homework before you enter the market. Once you start looking, you’ll...
Real Estate Requires Environmental Stewardship
REALTORS® and anyone even loosely involved with their local Association of REALTORS® has heard the beginning of the Preamble of the Code of Ethics: Under all is the land. Upon its wise utilization and widely allocated ownership depend the survival and growth of free...
Global Real Estate Rental Market 2022: Agents Increasingly Using New Technologies Including VR – ResearchAndMarkets.com
Source: Finance Yahoo --- The global real estate rental market is expected to grow from $2164.29 billion in 2021 to $2396.61 billion in 2022 at a compound annual growth rate (CAGR) of 10.7%. The growth is mainly due to the companies rearranging their operations and...
