Study: Largest Cities Becoming Increasingly Unaffordable Another analysis found similar results, as well as falling prices in some metro areas, mostly in the Northeast. A study of home price changes between 2013 and 2018 in North American cities showed a surge in prices, with the 11 largest U.S. cities seeing more than a 50% jump. […]
Zillow Announces Leadership Changes Co-founder Rich Barton will replace Spencer Rascoff as CEO; co-founder Lloyd Frink named executive chairman; Rascoff to remain on board of directors. Rich Barton, who co-founded Zillow in 2005 and served as the company’s CEO until 2010, has been named chief executive officer.
Perceived Access to Education Connected to Local Home Values Residents of top-tier neighborhoods more likely to perceive that they have access to high-quality schools, according to Zillow research. Access to public services like fire departments, hospitals and libraries is viewed as even across all types of neighborhoods, but there is a perceived divide in access […]
Existing-Home Sales Drop 1.2 Percent in January Markets are still suffering from lack of inventory, despite uptick in January, says the National Association of Realtors. Existing-home sales experienced a minor drop for the third consecutive month in January, according to the National Association of Realtors®. Of the four major U.S. regions, only the Northeast saw […]
Coldwell Banker Real Estate Announces 2018 Award Winners Coldwell Banker Real Estate LLC has announced its 2018 year-end award recipients for numerous Coldwell Banker® affiliated company, office, team and agent categories in North America.
LeadingRE’s Luxury Division Rolls Out New Branding and Identity Luxury Portfolio International® refreshens its look with a new moniker and design. Luxury Portfolio International®, the luxury marketing division of Leading Real Estate Companies of the World® announced its new branding and identity to its global membership at its annual SUMMIT in Las Vegas.
Another Prediction of a Buyer’s Market in 2019 The year is off to a good start for homebuyers, according to a report from brokerage Redfin. U.S. home-sale prices increased 2.9 percent in January compared to a year ago, to a median of $285,900 across the metros Redfin tracks. Last month’s price jump represents a slight rebound from […]
Report: Reasons to Be Bullish on Housing in the Long Term A new report from Wells Fargo and L.E.K. Consulting says there is pent-up demand from a new generation of first-time home buyers and a low supply of single-family housing, which should drive long-term residential new construction growth. Concerns of a 2019 downturn in housing […]
REAL Trending Episode 35
Housing Inventory Posts Record Increase as Declining Sales Extend to Sixth Month A sixth consecutive month of declining home sales in January contributed to the largest year-over-year inventory increase in at least 10 years, according to a RE/MAX National Housing Report, which echoed similar findings by Zillow.
