Top Headlines
Yvette Davis Named President of REEP Residential
Davis was previously director of strategic operations at Emerge Living. Continue Reading Yvette Davis Named President of REEP Residential
Society of Industrial and Office Realtors Elects 2024-2025 Officers
SIOR’s current president-elect, Mike Ohmes, will assume the role of SIOR Global President this fall. Continue Reading Society of Industrial and Office Realtors Elects 2024-2025 Officers
John ‘Buz’ Gorman, Longtime General Counsel for the CSBS, Has Died
Gorman started his career at CSBS in 1996 and served as its general counsel for the last 15 years. Continue Reading John ‘Buz’ Gorman, Longtime General Counsel for the CSBS, Has Died
A Phil Hall Op-Ed: Four More Years of Jerome Powell?
Editor Phil Hall considers the Trump and Biden approaches to giving Jerome Powell another four years at the Fed helm. Continue Reading A Phil Hall Op-Ed: Four More Years of Jerome Powell?
CBRE Acquires J&J Worldwide Services for $800 Million
The acquisition deal includes a potential earn-out of up to $250 million, payable in 2027. Continue Reading CBRE Acquires J&J Worldwide Services for $800 Million
Desperate buyers are going to extremes to land a home
Source: CNN --- With the inventory of homes for sale historically low and prices higher than ever, the battle to buy a home has been taken to a whole new level. The number of available homes to buy in April dropped by 40% from a year ago and 50% from 2019, according...
What Is a Wraparound Loan, and Is It Right for You?
Source: Realtor . Com --- While home buyers might hope that they will qualify for a mortgage from the usual financial institutions, like a bank, they may find that their spotty credit score is an obstacle that prevents them from qualifying. What then? One Plan B may...
FHFA finalizes rule on living wills for Fannie and Freddie
Source: Housing Wire --- The Federal Housing Finance Agency (FHFA) finalized a rule on Monday that will require Fannie Mae and Freddie Mac to develop plans that would ensure upon their eventual exit from conservatorship, they won’t do any large scale harm to the...
Lenders, economists question first-time homebuyer bills
Source: Housing Wire --- While the first-time homebuyers welcomed news of a down payment assistance grant or tax credit, the mortgage industry and housing experts expressed deep skepticism. Two proposals under consideration in Congress aim to give first-time...
FHFA launches new refinancing program for low-income homeowners
Source: Realty Biz News --- This week, the FHFA announced an upcoming program for low-income homeowners with government-backed mortgages to refinance at a lower rate in order to reduce the amount they have to pay back each month. FHFA said the program is aimed at...
Four Work-From-Home Strategies To Embrace For Your Real Estate Business
Source: Forbes --- If you ask me, working from home is amazing. You can wear pajamas from the waist down, you have no commute and you can even sleep in. I understand that the process of reading on a train or after-work drinks with your co-workers has been lost, but...
Supply of homes for sale fell by almost 30 percent year on year, the largest amount on record
Source: NBC News --- Hispanic homeownership in the U.S. climbed significantly in 2020 – there are now 8.8 million Hispanic homeowners in the country, according to a report released this week by the National Association of Hispanic Real Estate Professionals. That’s...
Do buyers stand a chance in this heated real estate market?
Source: OC Register --- I read with great interest last week, Leslie Eskildsen’s column on a relatively new residential listing class known as Registered Status. If your unfamiliar – as was I – here are the Clif notes. A seller hires a broker to sell his house by...
New home sales battle: mortgage rates vs. lumber supply
Source: Housing Wire --- Today the Census Bureau reported that in March 2021, new home sales were at a seasonally adjusted annual rate of 1,021,000. This number beats estimates. Additionally, major positive revisions were made to the sales number of the previous...
U.S. Home Prices Surge Most Since 2006 With Tight Inventory
Source: Bloomberg --- U.S. home prices soared the most in 15 years, with low mortgage rates and a scant inventory of properties to buy fueling a tight housing market. Nationally, the S&P CoreLogic Case-Shiller index of property values climbed 12% in February from...
