The National Home Builder’s Association also said apartment and condo starts increased 6.9%. WASHINGTON – New single-family home construction hit an unexpected high in November, bolstered by strong demand and lower interest rates, the National Association of Home Builders (NAHB) said Tuesday. Overall housing starts increased 14.8% in November to a seasonally adjusted annual rate … Read more
Self-promotion without sounding self-centered is important to maintaining a thriving business. NEW YORK – Nikki Beauchamp, an advisor with Sotheby’s International Realty in New York City, says self-promotion is important for real estate professionals, but they need to balance showcasing their expertise while maintaining authenticity and nurturing genuine connections with clients and peers. Beauchamp recommends … Read more
LOS ANGELES – Emily Johnson recalls her first duplex fondly — well, sort of. She rented to a friend’s sister, who ended up being “a nightmare”: The tenant smoked in the house, paid rent late and knocked on Johnson’s door at 11 p.m. with maintenance requests. Nevertheless, Johnson caught the investing bug. That experience 20 … Read more
Florida Realtors: Florida’s single-family closed sales up 4.2% YOY, median price up 3.3% ($413K). Condo sales up 0.3%, median price up 7.5% ($330K); new listings also up. ORLANDO, Fla. – Florida’s housing market reported more new listings and higher statewide median sales prices in November compared to the previous year, according to Florida Realtors®’ latest … Read more
Freddie Mac sees short-term headwinds – a high supply and moderating economic growth – but a positive long-term outlook for 2024. MCLEAN, Va.—The year ahead in the multifamily industry will see positive growth despite continued headwinds and a positive long-term forecast, Freddie Mac said in its 2024 Multifamily Outlook released Wednesday. The Outlook indicates an … Read more
NAR’s chief economist says home prices keep moving higher. The median home sale price in the South was up 3.4% from last year to $351,500. WASHINGTON – Existing-home sales grew in November, breaking a streak of five consecutive monthly declines, according to the National Association of Realtors® (NAR). Among the four major U.S. regions, sales … Read more
The consumer confidence index exceeded analysts’ expectations and rose to its highest level since July. NEW YORK (AP) – American consumers are feeling more confident than they have since summer, good news for businesses with the all-important holiday shopping season peaking. The Conference Board, a business research group, said its consumer confidence index rose for … Read more
Lone Wolf Technologies says the real estate industry should look at outside industries to learn how to implement software. NEW YORK – When selecting new software tools, real estate professionals should look at all software options to determine which work together for the desired outcome. Lone Wolf Technologies – a real estate software company – … Read more
ATLANTA – Monte Hilleman’s past and present interests include – in no particular order – music, competitive skateboarding and event promotion. He’s also a sustainability guy at heart, and that passion has served him well in his professional career. Hilleman, a record label owner and former competitive “vert” skateboarder, started his current daytime gig with … Read more
Since March 2020, mortgage servicers have provided forbearances to approximately 8.1 million borrowers. NEW YORK – The Mortgage Bankers Association’s (MBA) announced a decrease in the number of loans in forbearance with about 130,000 homeowners currently in forbearance plans. The MBA’s monthly Loan Monitoring Survey showed the total number of loans in forbearance dropped by … Read more
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