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Hits and Misses for the Real Estate Week of Oct. 14-18

Hits and Misses for the Real Estate Week of Oct. 14-18

by Phil Hall | Oct 18, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Selling homes with dinosaurs, climate change’s impact on football stadiums and the real estate developer friend from hell. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Oct. 14-18. Hit: Jurassic Property. Kudos to...
Q3 Home Seller Profit Margins Down Slightly

Q3 Home Seller Profit Margins Down Slightly

by Phil Hall | Oct 17, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homeowners earned a 55.6% profit margin on typical single-family home and condo sales during the third quarter, according to new data from ATTOM. This represented a one percentage point dip from the second quarter and a two point-drop from the third quarter of last...
New Florida Law Requires Home Sellers to Disclose Property’s Flood Risk

New Florida Law Requires Home Sellers to Disclose Property’s Flood Risk

by Phil Hall | Oct 1, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new law went into effect today in Florida that requires home sellers to disclose their property’s flood risk to buyers. Central Florida Public Radio reported HB-1049 mandates that sellers inform buyers if insurance claims for flood damage had been filed on their...
Report: Many Sellers Still Covering Buyer’s Agent Fee Despite NAR Settlement Changes

Report: Many Sellers Still Covering Buyer’s Agent Fee Despite NAR Settlement Changes

by Phil Hall | Sep 9, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The commission changes were expected to occur with the National Association of Realtors’ (NAR) historic settlement have not come to pass in many markets, according to a new report by Redfin (NASDAQ: RDFN). The new report, which is based on interviews with dozens...
Mauricio Umansky: ‘We’re Not Going to See Prices Go Down’

Mauricio Umansky: ‘We’re Not Going to See Prices Go Down’

by Phil Hall | Sep 5, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Maurico Umansky, the Los Angeles-based founder of the luxury brokerage The Agency and co-founder of the American Real Estate Association, has offered a pessimistic forecast on the cost of housing. In an interview with Fox Business News, Umansky predicted efforts by...
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