It’s no secret that 2021 was a banner year for real estate sales, but a new report from ATTOM Data Solutions indicates that homeowners that were willing to sell last year reeled in a profit that hasn’t been seen in more than a decade. ATTOM released its Year-End 2021 U.S. Home Sales Report on Jan.… Continue reading 2021 Price Surges Yield Record-Level Profits for Home Sellers, Report Says
Category: Consumer
Broker Confidence Dips Slightly in January Amidst Inventory and Pandemic Concerns
Editor’s note: On a monthly basis, we will be checking in with more than 3,000 of the U.S.’s top residential real estate brokers to gauge their confidence in their own business and the overall market, on a scale from 1 – 10. Additionally, we will ask relevant questions pertaining to the current state of the… Continue reading Broker Confidence Dips Slightly in January Amidst Inventory and Pandemic Concerns
Mortgage Rates Remain Flat
After a month of rising mortgage rate increases, this week’s data shows a flattening, according to Freddie Mac’s Primary Mortgage Survey. The rate increases have not significantly impacted demand in the real estate market, although gradual increases are expected to continue soon. Freddie Mac suggest that now is still a good time for homeowners to… Continue reading Mortgage Rates Remain Flat
Rate Hikes ‘Soon’ as Fed Walks Tightrope
A highly scrutinized two-day meeting of the Federal Reserve that concluded Wednesday resulted in no new interest rate hikes, though the central bank appears poised to move forward with an increase in the next few months following persistent inflation and an accelerating economic recovery. “With inflation well above 2% and a strong labor market, the… Continue reading Rate Hikes ‘Soon’ as Fed Walks Tightrope
Key Tax Proposal Affecting Real Estate May Be Off the Table
As stalled negotiations over the sweeping federal Build Back Better bill appear to be regaining some momentum, one change championed by the real estate industry might be off the table this time around as Democrats navigate a narrow path to pushing a revised piece of legislation through congress. The state and local income tax deduction,… Continue reading Key Tax Proposal Affecting Real Estate May Be Off the Table
Follow the Money: New Leads vs. Database
Any successful real estate agent will tell you that their best source of leads exists within their own database. This was discussed during RISMedia’s Real Estate’s Rocking in the New Year virtual session, “New Leads vs. Database: How to Focus on Your Best Sources,” held earlier this month. Buffini & Company’s Vice President of Coaching… Continue reading Follow the Money: New Leads vs. Database
Mortgage Rates Rise for Fifth Straight Week to Highest Level Since March 2020
Mortgage applications decreased 7.1% from one week earlier, for the week ending January 21, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. Key findings: The Market Composite Index decreased 7.1% on a seasonally adjusted basis from one week earlier. Unadjusted, the index decreased 6% compared with the previous week. The… Continue reading Mortgage Rates Rise for Fifth Straight Week to Highest Level Since March 2020
Report: 2021 Rental Market Ends with Price Growth More Than 5X Faster Than in 2020
New data from realtor.com® show national rents grew five times faster in 2021 than in 2020, on average, and in December, rent prices hit the sixth straight month of double-digit yearly increases nationwide. According to realtor.com®’s Monthly Rental Report, prices also surged in most large metros, led by Miami, Tampa and Orlando Fla. with gains… Continue reading Report: 2021 Rental Market Ends with Price Growth More Than 5X Faster Than in 2020
Leading Real Estate Companies of the World Appoints Taco Heidinga as Global Business Development Director
Leading Real Estate Companies of the World® (LeadingRE) has announced the appointment of Taco Heidinga, who joins the business as director, global business development. Based in Kuala Lumpur, Malaysia, he will be responsible for recruiting new members in APAC region and growing the company’s program for marketing real estate developments worldwide. Heidinga, an expert real estate coach, will… Continue reading Leading Real Estate Companies of the World Appoints Taco Heidinga as Global Business Development Director
FHFA House Price Index Up 1.1% in November; Up 17.5% from Previous Year
House prices rose nationwide in November, up 1.1% from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 17.5% from November 2020 to November 2021. The previously reported 1.1% price change for October 2021 remained unchanged. For the nine census divisions, seasonally adjusted monthly house price changes… Continue reading FHFA House Price Index Up 1.1% in November; Up 17.5% from Previous Year