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RealTrends Q32021 BrokerPulse sees brokers still optimistic about the market, wary of competition and wondering when inventory will rise.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

@properties leaders poised for strategic growth

Mike Golden and Thad Wong, co-founders of @properties talk growth through franchising.

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Highest Foreclosure Rates Among Major Metro Areas

Bank Repossessions Up 14 Percent From Previous Month, Down 1 Percent From Year Ago

Foreclosure Rates Start Up 9 Percent From Previous Month, Down 6 Percent From Year Ago

There were 70,166 U.S. properties with foreclosure filings in August 2018, up 9 percent from July but still down 7 percent from a year ago, according to the latest ATTOM Data Solutions Foreclosure Activity Report. Nationally one in every 1,910 U.S. properties had a foreclosure filing in August 2018, according to the report.

States with the highest foreclosure rates in August were New Jersey (one in every 690 housing units); Maryland (one in every 918 housing units); Nevada (one in every 984 housing units); Delaware (one in every 1,012 housing units); and Florida (one in every 1,229 housing units).

Baltimore, Philadelphia, Las Vegas post highest foreclosure rates among major metro areas

Among 291 metropolitan statistical areas with at least 200,000 people, those with the highest foreclosure rates in August were Atlantic City, New Jersey (one in every 354 housing units); Fayetteville, North Carolina (one in every 444 housing units); Trenton, New Jersey (one in every 546 housing units); Columbia, South Carolina (one in every 807 housing units); and Bakersfield, California (one in every 864 housing units).

Among 53 metro areas with at least 1 million people, those with the highest foreclosure rates in August were Baltimore, Maryland (one in every 871 housing units); Philadelphia, Pennsylvania (one in every 887 housing units); Las Vegas, Nevada (one in every 891 housing units); Jacksonville, Florida (one in every 982 housing units); and Cleveland, Ohio (one in every 1,012 housing units).

Foreclosure Rates

Foreclosure starts down nationwide, up in 44 percent of local markets

Lenders started the foreclosure process on 32,775 U.S. properties in August 2018, up 9 percent from the previous month but still down 6 percent from a year ago.

Counter to the national trend, 21 states posted year-over-year increases in foreclosure starts, including Florida (up 4 percent); North Carolina (up 41 percent); Maryland (up 39 percent); South Carolina (up 8 percent); and Michigan (up 75 percent).

Counter to the national trend, 97 of 219 metro areas analyzed in the report (44 percent) posted year-over-year increases in foreclosure starts, including Miami, Florida (up 2 percent); Houston, Texas (up 8 percent); Washington, D.C. (up 14 percent); Baltimore, Maryland (up 12 percent); and Charlotte, North Carolina (up 46 percent).

Foreclosure Rates

Bank repossessions down nationwide, up in 47 percent of local markets

Lenders repossessed 21,640 U.S. properties in August 2018 (REO), up 14 percent from the previous month but still down 1 percent from a year ago, following two consecutive months of year-over-year increases.

Counter to the national trend, 22 states and the District of Columbia posted year-over-year increases in REOs in August, including New Jersey (up 15 percent); Texas (up 86 percent); New York (up 14 percent); Georgia (up 79 percent); and Missouri (up 23 percent).

Counter to the national trend, 102 out of 219 metro areas analyzed in the report posted a year-over-year increase in REOs in August, including New York, New York (up 5 percent); Houston, Texas (up 90 percent); Atlanta, Georgia (up 89 percent); St. Louis, Missouri (up 81 percent); and Washington, D.C. (up 84 percent).

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Real estate leaders: Keep close eye on proposed legislation

In this edition of RealTrending, Steve Murray, senior advisor to RealTrends, talks about private property rights and how a case in Berlin, Germany, tells a story of what could happen here in the U.S.

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August housing starts better than expected

U.S. homebuilders started construction on 1.615 million homes in August, up 3.9% from July 2021 and 17.4% higher than a year ago, according to the August housing starts report by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

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