A trifecta of housing reports this week attempt to make sense of housing market statistics First, ATTOM Data Solutions released its Q4 2018 U.S. Home Affordability Report, which shows that the U.S. median home price is the least affordable since 2008.
Report Indicates Nation’s Economy Could Slow in the Coming Months The combined effects of 2018 Tax Cuts and Jobs Act (TCJA), current monetary policy, and a widening trade war will reduce the pace of nation’s economic growth in 2019, says a new report from Ball State University.
Where the Rich Are Getting Richer Despite relative prosperity in the United States, the gap between the rich and the poor is at its widest since data collection began in the 1960s. “Everyone knows wealth is concentrating,” reports Bloomberg Business News, setting up its article that ranks neighborhoods where the rich are flocking.
10 Things For Real Estate Professionals to Do on Holiday Break It’s the time of year when houses aren’t moving, and the spring buying season feels like it’s eons away. Resist the temptation to hibernate. Now is the time to sow the seeds of success for the coming year.
As the new president of Climb Real Estate’s company-owned brokerage offices, Christine Kim talks about how the franchising of the Climb brand will impact her side of the business. She also talks about the impact of technology on the brokerage industry and what exciting trends are coming next.
Top Berkshire Hathaway Broker Vera Brodsky and Team Joins Coldwell Banker Bain of Lincoln Square Coldwell Banker Bain, a leading provider of real estate brokerage services and a market leader in home sales in 2017, is pleased to announce that top local broker Vera Brodsky and her team have joined Coldwell Banker Bain of Lincoln […]
90% of all Buyers and Sellers Used an Agent, Up 9% From 2001
Federal Reserve Raises Rates for Second Time This Year The Federal Reserve just voted to raise interest rates for the second time in 2018. The Federal Open Market Committee unanimously voted to increase the federal funds rate by 25 basis points to 1.75% to 2%.
Former NAR Economist Calabria Nominated to Oversee FHFA President Trump has nominated Mark Calabria to director of the Federal Housing Finance Agency for a term of five years. Mark Calabria currently serves as chief economist to Vice President Pence and was director of financial regulation studies at the libertarian Cato Institute. The FHFA serves as […]
Millennial Home Buyers Most Likely to Put Less Than 20% Down The largest generation of home buyers also gets the most money from friends or family to make it work, and is most likely to tap multiple sources. Saving for a down payment is the biggest hurdle to homeownership for a millennial, and the size […]
