A Tight Housing Inventory is Chocking Off Home Sales
The National Association of Realtors said existing-home sales fell 1.7% to a seasonally adjusted rate of 5.35 million, the worst level in 12 months. Total housing inventory at […]
Bitcoin is Playing a Bigger Role in Real Estate Deals
In another sign of the times, a growing number of property owners are embracing the idea of selling or renting their real estate in exchange […]
The Uneven Housing Recovery
July’s housing prices reached new records in half of the largest U.S. metro areas, according to Zillow’s most recent Real Estate Market Report. The report also […]
Median Gross Income of Commercial Realtors Reached $120,800 in 2016
Commercial brokers and appraisers are reaping the benefits of a hot real estate market, according to the 2017 Commercial Member Profile, recently released by the […]
Increase in Online Traffic Results in Data Center Construction Boom
Data center construction in North America surged by 43% from 2016, according to an article in World Property Journal. The data center construction boom is driven […]
Average Daily Rate at U.S. Hotels Surpasses $127
The Average Daily Rates (ADR) at U.S. hotels reached $127.12 during the week of August 13-19, a 2.5% increase from the previous week, according to […]
Zillow Wins Dismissal of Lawsuit Challenging its ‘Zestimate’ Feature
A U.S. District Judge dismissed a federal lawsuit in Chicago challenging the accuracy of Zillow Group’s online estimates of home values, known as Zestimate, according […]
The Feds Crackdown on Suspicious Real Estate Activity
In an effort to crackdown on the use of luxury real estate purchases to conceal money laundering and other corrupt activities, the federal government is […]
Weekly Mortgage Rates Drop Slightly
Weekly Mortgage rates dipped a bit in early August, according to Freddie Mac’s latest Primary Mortgage Market Survey. The 30-year fixed mortgage rate dropped to its lowest […]
New Jersey Leads States with Foreclosure Rates
Despite a buoyant real estate market over the past 5-years and a drastic reduction in the number of distressed properties, foreclosures can still be found […]