Fannie Mae: A Patient Fed Could Put Housing on Firmer Footing for 2019 In its Economic and Housing Outlook report, the Federal National Mortgage Association says it expects economic growth to slow this year. Economic growth is projected to slow to 2.2 percent in 2019, down from last year’s estimated pace of 3.1 percent, as […]
A Comparison of Real Estate Buyers Markets and Sellers Markets The top 10 home buyer markets showed an average sales price of $229,790 while the median sales price for a house in the top 10 overheated markets was $743,500. Real estate brokerage Owners.com released its 2018 Market Recap data study revealing the top 10 buyer metropolitan statistical […]
New Home Sales End 2018 With a Thud The Northeast saw the largest year-over-year drop, Redfin reports. Due to the partial government shutdown, reports from the Department of Housing and Urban Development on new home sales are not available. However real estate brokerage Redfin released its November and December 2018 numbers on single-family new home sales, garnered from multiple […]
Homeowners Stay in Homes an Average 7 Years Except in sunny cities. Do homeowners experience a seven-year itch? Online loan marketplace LendingTree has a study out exploring how long homeowners stay in their homes, and seven years is the average. However, when isolating areas by geography, some nuances appear, which study authors attribute to lack of supply.
Remodeling Spending Expected to Slow in 2019 Researchers find that flat home sales and slowing house price appreciation are deflating homeowners’ interest in home improvements. Annual growth in the national market for home improvement and repair is expected to slow considerably by the end of the year, according to the Leading Indicator of Remodeling Activity […]
LeadingRE Names New Executive Vice President Kate Reisinger has been named Executive Vice President, Member Services. Chicago-based Leading Real Estate Companies of the World® (LeadingRE) announced that Kate Reisinger has been named executive vice president, member services. In this role, she will manage membership services for the global network of 565 independent real estate firms […]
One Luxury Home Sets Sales Record, While Another Languishes on Market For those with an eye on the luxury market, there have been two deals in the headlines that are noteworthy. First, there is the home at 924 Bel Air Road in Los Angeles. When it was listed for $250 million in late 2017, it […]
With 21 years of experience with the CENTURY 21 brand, new CEO Miedler knows the brand’s unique selling proposition well. Find out what growth initiatives he’s most excited about, his advice to real estate professionals who are concerned about a slowing market and how he plans to continue the leadership’s progress in growing the franchise.
Fannie, Freddie Issue New Lending Rules to Ease Delays Caused by Shutdown Due to the government shutdown and the difficulties in obtaining a verification of employment, the government-sponsored enterprises Fannie Mae and Freddie Mac announced they will now accept loans from lenders without verbal verification of employment in certain circumstances. To proceed without the verbal […]
REAL Trends Launches Inaugural Game Changers List ; A List Highlighting Real Estate Professionals Who Are Changing The Game in 2019
