Op-Ed: Small Businesses, Cooperation Bolster Real Estate Market by Maintaining Affordability, Equity
As more than 31 million small businesses across the country were recognized during National Small Business Week, it’s a good time to look at how small, local operations drive so much of the economy and search for ways to continue to level the playing field for them and for consumers. When it comes to “buying local,” small businesses […]
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Freddie Mac Report Highlights Apparent Racial Bias in Appraisals
Housing discrimination and racial bias have taken many forms over the years, from the explicit government-sponsored policy of redlining (refusing to insure mortgages in predominately Black neighborhoods) to the continued practices of steering (real estate agents pushing Black homebuyers away from white neighborhoods). Yesterday, Freddie Mac released a new report exploring another avenue that the […]
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Multifamily Activity Bolsters Housing Starts, but Single-Family Production Low
Strong multifamily activity pushed overall housing starts up in August but single-family starts have dipped in response to continued supply chain and labor challenges. Total starts increased 3.9% to a seasonally adjusted annual rate of 1.62 million units, according to the latest data from the U.S. Department of Housing and Urban Development and the U.S. […]
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New-Home Mortgage Applications for Purchases Down in August
Mortgage applications for new-home purchases decreased 17% compared to last year, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for August 2021. Compared to July 2021, applications increased by 9%. This change does not include any adjustment for typical seasonal patterns. The details: According to MBA estimates using data from the […]
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NAR Partnering With RRC for REALTOR Benefits® Program
The National Association of REALTOR® (NAR) announced the launch of a new resource being made available to its members nationwide through the REALTOR Benefits® Program. The offering, Residential Real Estate Council’s Broker Solutions, was developed to ensure residential real estate brokerages with fewer than 150 agents are able to provide service and support to their […]
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Builder Confidence Inches Up in September
Builder confidence improved slightly in September amid lower lumber prices and strong housing demand, even while supply chain and labor challenges persist. After a three-month decline, builder sentiment for newly built single-family homes increased by one point to 76 in September, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). […]
Real Estate Q&A: Our Condo Board Is Dragging Its Feet on Approving Our Buyer. What Can We Do?
(TNS)— Q: We are selling our condo, and closing is fast approaching. Our condo board is dragging its feet on approving our buyer. We are getting concerned because we must pack and move out, and we do not even know if our buyer will be allowed to buy our home. What can we do? — […]
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Century 21 Collaborates With National Geographic for Documentary, Launches Study
As part of its 50th anniversary celebration, the CENTURY 21® Brand explores the concept of home in a unique collaboration with National Geographic CreativeWorks, culminating in the production of its first-ever branded documentary. Titled “Home Rediscovered,” the documentary premieres on the National Geographic Network on Sept. 23, 2021, at 10 p.m. EST. To support the film, the CENTURY 21® Brand […]
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Fathom Realty Expands Leadership Team
Fathom Realty recently announced several additions to its leadership team: Claire Addison District: Greater Albuquerque, New Mexico Addison relocated from Hawaii to practice law and real estate in New Mexico. She is a highly experienced REALTOR® in estates, investment, residential and trust properties. She enjoys helping families who are upsizing or downsizing and first-time homebuyers. […]
Flood and Disaster Disclosures: Law, Precedent and Grades for All 50 States
As more and more climate change-fueled extreme weather events—from historic hurricanes to unexpected summer downpours—affect homes, one issue anyone selling or buying a home needs to be aware of is disclosure. While some states require a seller to expansively detail any history of flood damage, flood zone designation or other natural disaster threats, others have […]
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