Broker Confidence Dips Slightly in January Amidst Inventory and Pandemic Concerns
Editor’s note: On a monthly basis, we will be checking in with more than 3,000 of the U.S.’s top residential real estate brokers to gauge their confidence in their own business and the overall market, on a scale from 1-10. Additionally, we will ask relevant questions pertaining to the current state of the market to […]
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Tight Supply Drive Pending Home Sales Down in December
As 2021 ended, pending home sales tallied another month of declines in December, according to recent data from the National Association of REALTORS® (NAR). NAR’s Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, dropped by 3.8% in December, sliding to 117.7. All regions saw year-over-year contract signings decline […]
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Mortgage Rates Remain Flat
After a month of rising mortgage rate increases, this week’s data shows a flattening, according to Freddie Mac’s Primary Mortgage Survey. The rate increases have not significantly impacted demand in the real estate market, although gradual increases are expected to continue soon. Freddie Mac suggest that now is still a good time for homeowners to […]
@properties Rebrands to @properties Christie’s International Real Estate
Following its acquisition of Christie’s International Real Estate in December 2021, independent real estate brokerage and technology firm @properties has rebranded to @properties Christie’s International Real Estate. The new name applies to the firm’s company-owned offices in the greater Chicagoland area, Northwest Indiana, Southwest Michigan and Lake Geneva, Wisconsin. The company stated the updated brand […]
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HUD Announces $4 Million Radon Testing Notice of Funding Opportunity
The U.S. Department of Housing and Urban Development (HUD) is making available $4 million through HUD’s new Radon Testing and Mitigation Demonstration Program Notice of Funding Opportunity (NOFO) for public housing agencies (PHAs), the organization has announced. PHAs will use the funds in public housing properties where low-income families reside. With this funding, PHAs will […]
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Rate Hikes ‘Soon’ as Fed Walks Tightrope
A highly scrutinized two-day meeting of the Federal Reserve that concluded Wednesday resulted in no new interest rate hikes, though the central bank appears poised to move forward with an increase in the next few months following persistent inflation and an accelerating economic recovery. “With inflation well above 2% and a strong labor market, the […]
Key Tax Proposal Affecting Real Estate May Be Off the Table
As stalled negotiations over the sweeping federal Build Back Better bill appear to be regaining some momentum, one change championed by the real estate industry might be off the table this time around as Democrats navigate a narrow path to pushing a revised piece of legislation through congress. The state and local income tax deduction, […]
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5 Real Estate Vocabulary Shifts for Higher Perceived Value
With an ever-growing number of competitors in the real estate industry, it’s not enough to simply have a valuable service and hope your cookie-cutter marketing will be enough to win customer conversions. Your potential clients are flooded with marketing campaigns left and right, whether by email, PPC ads or simply in their Google search results. […]
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HUD Awards More Than $51 Million In Grants
The U.S. Department of Housing and Urban Development (HUD) on awarded $51.4 million in housing counseling grants to 177 HUD-approved housing counseling agencies and intermediary organizations this week, the organization reported. This includes funding to HUD-approved housing counseling agencies that are partnering with Historically Black College and Universities (HBCUs), Hispanic Serving Institutions (HSIs), or other […]
Bridging the Diversity Gap for Asian-American Homebuyers
During the 2021 REALTORS® Conference & Expo in San Diego, California, RISMedia’s Senior Online News Editor, Liz Dominguez, had the opportunity to sit down and speak with Tim Hur, managing broker and president of Point Honors and Associates, REALTORS® about his new role and responsibilities as president of The Asian Real Estate Association of America […]
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