The construction of new U.S. homes fell to a 16-month low in July, according to the Census Bureau and the Department of Housing and Urban Development (HUD) on Aug. 16. Factors likely influencing the result are Hurricane Beryl, an oversupply of new houses and high mortgage rates and home prices. The fifth consecutive monthly decrease… The post Housing Starts Drop 14% in July; Hurricane, High Rates and...
August 2024
The National Association of REALTORS® has issued a final reminder to members, real estate professionals and consumers that on Saturday, August 17, 2024, the practice changes following NAR’s settlement agreement that would resolve claims brought on behalf of homesellers related to broker commissions, will be implemented nationwide. According to a release, REALTOR® MLSs (those owned… The post National...
Homebuilder confidence slipped in August as the housing market grapples with affordability headwinds and buyer skittishness amid high interest rates and home prices, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released Thursday. The index, which measures builder sentiment, dipped two points to 39 in August from a… The post Builder Confidence...
Closing a deal for your client feels like crossing the finish line, but there’s always the potential for the contract to fall through somewhere along the way. Bright MLS, the second-largest multiple listing service covering the Mid-Atlantic region, wanted to know how concerned REALTORS® should be about this—a question that drove its recent report, “Getting… The post Are We Seeing More Contracts...
The future of real estate is still unwritten. Still, Nykia Wright, the National Association of REALTORS® (NAR) interim CEO, is encouraging members to at least help co-author it as the industry continues to face its share of challenges ahead. “I understand that people are frustrated with things, but bring that frustration in-house so that we… The post Nykia Wright Talks Industry Challenges and...
Not many real estate executives can offer a more comprehensive and expert overview of the compliance implementation starting today, Aug. 17, as Sue Yannaccone, president and CEO of Anywhere Brands and Anywhere Advisors. She is responsible for overseeing both company-owned brokerages and franchise operations across Anywhere’s six brands, including Better Homes and Gardens® Real Estate,… The post...
For prospective homebuyers, there is more than just finding a forever house to take into consideration when beginning your search in today’s challenging market. Safe neighborhoods, additional costs and property resale value are also things that should be contemplated to guarantee a comforting and affordable transition into a new home. As their real estate agent,… The post Sunday Showcase: 3 Tips for...
Selling a condo involves unique challenges and considerations. My guide will explore navigating HOA rules, understanding special assessments and necessary disclosures. I will also provide insights on how long it takes to sell a condo and the best times based on location and seasonality. From my thirty-eight years of experience, you will also get specific… The post Common Challenges in Selling a Condo: A...
While housing accessibility and affordability pose the biggest challenges in the Niagara region—and throughout Canada as a whole—sales have been steady in 2024. This month, we take a look at a boutique brokerage with a big presence in the region and what’s driving foreign investment in the area. Ted Boldt Owner/Broker of Record Boldt Realty… The post Global Spotlight: Family-Oriented Communities...
As the real estate market gains steam, it’s time for leaders to rethink and revamp their approach to success. In an upcoming session at RISMedia’s CEO & Leadership Exchange, future-focused brokers will share how they’re shifting their marketing, technology and training gameplans to capitalize on a growing market in a lively and interactive discussion. The… The post The 2025 Playbook: Winning...