Average Homeowner Gained $6,400 in Equity, says CoreLogic CoreLogic’s Home Equity Report for the first quarter indicates that U.S. homeowners with mortgages (about 63% of all properties) have seen their equity increase by 5.6%. Year-over-year, representing a gain of nearly $485.7 billion since the first quarter of 2018. The average homeowner gained $6,400 in home equity […]
RE/MAX Touting its Support of LGBTQ Community for Pride Month RE/MAX, LLC has launched a series of social media, advocacy and editorial initiatives in support of Pride month. Visitors to its Facebook page have shown appreciation for the new profile picture the franchise is using in June.
Realtor.com CEO Announces Departure Ryan O’Hara, chief executive officer of Move, Inc., since January 2015, is leaving the company. Move, a subsidiary of News Corp, operates realtor.com. O’Hara is taking on a new chief executive position in another industry. News Corp is actively involved in digital real estate, and O’Hara has been credited with spearheading […]
Buy vs. Rent? Index Supports Renting in 19 of 23 Major U.S. Cities Most Major U.S. Cities Experiencing Downward Pressure on Housing Markets. Most major cities in the U.S. are experiencing downward pressure on the demand for homeownership, according to the latest national index produced by Florida Atlantic University and Florida International University faculty.
Flippers ‘Getting Out While the Getting Is Good’ Although returns are slipping, the overall rate of house-flipping is increasing. In the first quarter, 7.2 percent of all home sales were flipped. Property database curator ATTOM Data Solutions released its Q1 2019 U.S. Home Flipping Report, which shows that 49,059 U.S. single family home flips and condos […]
Analysis: It Takes Median Household 20 Years to Save 20% Down for Median Home It would take 20 years for a household earning the national median income of $61,372 to save 20 percent (plus closing costs) for a $262,250 single-family home, the national median sales price. Those are the findings of U.S. Mortgage Insurers (USMI), a trade association for private […]
Scales Tipping Toward Homebuyers Analysis from realtor.com and Redfin points to growing inventory and in some cases, falling home prices. Market conditions are tipping toward homebuyers for the first time in years, prompted by a wave of new for-sale listings and slowing home sales, according to new research by realtor.com.®
Trends in Valuations and Mergers & Acquisitions Experts Dispense Advice at REAL Trends’ DealMAKERS Conference. The real estate market is softening, and home sellers who were accustomed to being in a strong negotiating position are seeing their advantage slip away. As go homes sales, so go brokerage sales, said Scott Wright, vice president of REAL […]
VHT Studios Promotes Vince Collura to Chief Operating Officer VHT Studios, a national provider of professional photography, virtual staging and visual marketing services for real estate and middle-market to enterprise size businesses, announced the promotion of Vince Collura to Chief Operating Officer. This position reflects VHT Studios’ ongoing efforts to provide the highest levels of […]
Brokerage Celebrates Pride Month With Video in Support of LGBTQ Community A Los Angeles-based brokerage is celebrating LGBTQ Pride Month with a video that draws attention to homeownership in the gay community. Ashby & Graff Real Estate’s “Holding Hands, Holding Dreams” video highlights the familiar feelings of thrill that come with first holding hands and first […]
