Existing-Home Sales Fizzle
After early gains in the season, April existing-home sales fizzled, with every region sputtering, the National Association of REALTORS® (NAR) reports. Activity in April declined 2.5 percent to 5.46 million, down 1.4 percent from the prior year. Inventory increased 9.8 percent to 1.8 million, but, by comparison, was 6.3 percent lower than the prior year. […]
Gen Z—The Next Wave of Consumer Game Changers?
Generation Z, loosely defined as the generation born anywhere from 1995 or 1998 to 2016, is predicted to hit the post-college marketplace in much the same way as millennials—managing considerable debt. Yet, simultaneously, they’re gaining traction as the next consumer powerhouse, representing billions of dollars for retailers and more. Regarded as the most diverse and […]
The State of Women Real Estate Brokers in California
While a greater number of women in real estate are achieving positions on boards at a national level, women still trail behind men in obtaining leadership positions in some states, including California. While some studies suggest that gender discrimination is to blame for this disparity, others claim that women are choosing to opt out of […]
The post The State of Women Real Estate Brokers in California appeared first on RISMedia.
Experts Are Eyeing a Recession in 2020—but It’s Not Why You Think
The economy is on a roaring run. Is a downturn imminent? Experts in housing are predicting a recession starting in 2020, according to Zillow’s 2018 Q2 Home Price Expectations Survey; however, they anticipate monetary policy—not the housing market—as primarily responsible for the swing. The Federal Reserve has been guiding fiscal policy since the Great Recession, […]
The post Experts Are Eyeing a Recession in 2020—but It’s Not Why You Think appeared first on RISMedia.
Regulatory Relief Bill Passes Congress – Is Mortgage Lending Freedom Ahead?
Change is coming to the mortgage industry in the form of lessened restrictions for many community banks, along with greater consumer protections. The Economic Growth, Regulatory Relief and Consumer Protection Act—a bill rolls back many Dodd-Frank Wall Street Reform and Consumer Protection Act regulations imposed in 2008 following the financial crisis—has been signed into law. […]
The post Regulatory Relief Bill Passes Congress – Is Mortgage Lending Freedom Ahead? appeared first on RISMedia.
New-Home Sales Slightly Slip
April new-home sales slightly slipped, down 1.5 percent to 662,000, according to the Commerce Department. The average new-home sales price was $407,300, while the median was $312,400. New-home listing inventory was 300,000, representing 5.4-months supply. “Even with this minor dip, new-home sales continue to trend upward and reflect builders’ overall confidence in the market,” said […]
8 Tech Companies in 2018 REach® Class
NAR PULSE—NAR’s strategic investment arm, Second Century Ventures, will work with eight companies that show promise in the real estate industry as part of its REach® accelerator program. The companies offer an automated email platform, local marketing system, compliance checklist, transaction management system, income goal tracking program, lead routing app and transaction coordination platform. Learn […]
HomeServices Acquires Ebby Halliday in Latest Move
HomeServices of America, Inc. is acquiring Ebby Halliday Real Estate, Inc., a legacy North Texas powerhouse. The acquisition includes the brands Ebby Halliday, REALTORS®, Dave Perry-Miller Real Estate and William Trew Real Estate, as well as affiliates Home Team Mortgage and Texas Premier Title. As has been customary with HomeServices, the brand’s names will remain […]
The post HomeServices Acquires Ebby Halliday in Latest Move appeared first on RISMedia.
Zillow: $40 Billion to Flood Into Housing Market, Even as Homeowner Incentives Limited
Americans’ earnings, generally, have gotten a lift on payday as a result of the Tax Cuts and Jobs Act. With cuts come more discretionary spending—and, although there are changes to homeowner incentives, almost $40 billion of it is going into the housing market, according to a new report by Zillow. “Despite new limits to two […]
The post Zillow: $40 Billion to Flood Into Housing Market, Even as Homeowner Incentives Limited appeared first on RISMedia.
Appreciation Linked to Population Rise
Appreciation and demand go hand in hand, and for investors, both are key to profit, according to a new report. Assessing the association between growing interest and mounting prices, analysts at HouseCanary found that appreciation is higher where inbound migration numbers are swelling. Boise, Idaho, for example, has had a high influx of new residents, […]