International Home-Buying Trends to Keep an Eye on in 2022
The world has changed in many ways since the start of the pandemic, but one major change is a new interest in international real estate. Now that international travel has opened back up, real estate agents who specialize in relocation, particularly international relocation, have a unique opportunity to leverage the trend. New Top International Destinations […]
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Advances in Home Inspection Technology Benefit Everyone
Technology evolution in home inspection now enables a number of advances that benefit clients and agents alike. Agents that take advantage of these developments will help improve their clients’ home-buying and -selling process and will save themselves time as well. Interactivity enables the buyer to review a visual inspection summary, offering expanded insights and information […]
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Boom in Home Remodeling May Peak in 2022
Spending for home improvements and repairs is expected to expand at a stronger pace in 2022, but signs point to some easing of growth by year end, according to the Leading Indicator of Remodeling Activity (LIRA) being released Friday by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. The LIRA projects double-digit […]
Watson Realty Corp. Founder Honored with Icon Award
Watson Realty Corp.’s owner and founder William A. Watson, Jr. was presented with the brand-new Real Estate Icon Award from the Northeast Florida Association of REALTORS® (NEFAR) last week on Wednesday, January 12, 2022, at the NEFAR 2022 Annual Installation and Awards Gala, the company has announced. Nearly 300 NEFAR members attended the Awards Gala […]
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Coldwell Banker Premier Merges with Legacy Firm, Expands Into Delaware
Coldwell Banker Premier, headquartered in Winchester, VA, with eight offices serving Virginia, West Virginia, Maryland, Pennsylvania and Washington, D.C., has merged with legacy brokerage Coldwell Banker Resort Realty headquartered in Rehoboth Beach, DE, the company has announced. The move doubles the size of Coldwell Banker Premier, led by the company’s Founder and CEO, Steve DuBrueler. […]
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Fractured MLS Landscape Begins Embracing Tech, Consolidation
It is not the flashiest or most dynamic part of the real estate industry. The concept of a Multiple Listing Service, or MLS, goes back more than 100 years when local boards would meet in a dusty office and exchange paper copies of listings. Eventually, these were consolidated into larger volumes accessible by members of […]
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Existing-Home Sales Mark 15-Year Milestone, Despite Decline in December
After seeing several months of gains, existing-home sales retracted in December by 7.1% to a seasonally adjusted annual rate of 6.18 million, with each of the four major U.S. regions seeing both a month-over-month and year-over-year decreases, according to the latest data from the National Association of REALTORS® (NAR). Despite the drop, overall sales for […]
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Mortgage Rates Rise to Highest Level Since Onset of Pandemic
Mortgage rates continued their upward trajectory for the fourth straight week, rising to their highest level since the beginning of the pandemic, according to this week’s report from Freddie Mac. According to the agency’s Primary Mortgage Market Survey® (PMMS), the 30-year fixed mortgage rate averaged 3.56% for the week ending Jan. 20, climbing another 0.7 […]
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Report: Inventory Down More Than 40% From Pre-Pandemic Level
As the consumer shopping season wound down in December, real estate demand remained high amidst staggeringly low inventory. Zillow’s latest market report showed housing inventory is down 40.5% versus December 2019—just a few months before the COVID-19 pandemic began. The low-inventory pressure is having a clear and direct impact on home prices, which are continuing […]
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The Institute: December Luxury Market Report
The Institute’s Luxury Market Report is your guide to an analysis on the trends and comparative data on the top-residential markets throughout Canada and the United States. December’s report reviews the current statistics for the luxury market in North America month over month, as well as the 13-month trend. This month, we take a moment to reflect […]