Mortgage Rates Near a 3-Year Low Amid Rate Cut Expectations
According to the FreddieMac Primary Mortgage Market Survey, U.S. mortgage rates fell towards three-year lows as markets anticipate an interest rate cut from the Federal […]
Month: July 2019
Half of All Real Estate Agents Have a Second Job, Says Redfin
According to new national survey of real estate agents by Redfin, half of all real estate professionals have a second job. Respondents also reported a […]
Amazon Enters the Real Estate Business Through a Partnership with Realogy
E-commerce giant Amazon said that it will partners with Realogy, the nation’s largest residential real estate brokerage company and owner of Century 21, Coldwell Banker […]
U.S. Residential Rent Growth Accelerates
According to Zillow’s June 2019 Real Estate Market Report, U.S. residential rent values rose 3% on an annual basis to $1,483. Las Vegas rents surged 10%, […]
Key Billings Indicator Suggests a Softening in Commercial Real Estate Sector
The American Institute of Architects (AIA) Architecture Billings Index (ABI) reported a score for June of 49.1, which is down from 50.2 in May, suggesting […]
Foreign Purchases of U.S. Homes Drop by 36 Percent
Purchases of homes by foreign buyers dropped a dramatic 36%, according to a report by the National Association of Realtors. The report found that foreign buyers […]
Apple’s HQ Assessed at $3.6 Billion
Apple’s circular headquarters in Cupertino, California was assessed at $3.6 billion by Santa Clara County for property tax purposes, according to an article in the […]
Zillow and Compass Settle Employee Poaching Lawsuit
Real estate companies Zillow Group and Compass settled a lawsuits alleging the poaching of three former Zillow employees with non-compete agreements, reported Housing Wire. Zillow […]
Small Time Investors are Crowding Out First Time Home Buyers
As if record-high home prices weren’t enough, first time buyers are increasingly contending with competition from small-time (i.e. mom & pop) real estate investors, according […]
Airbnb Estimates its 2018 Global Economic Impact at $100 Billion
Airbnb is reporting its guest community has generated more than $100 billion in estimated direct economic impact across 30 countries in one year. According to a […]