According to the National Association of Home Builders' (NAHB) Home Building Geography Index (HGBI), quarter 4 of 2023 showed signs of single-family home construction picking up. This “stirring” is attributed to “moderating” mortgage rates (i.e. demand is picking up) and the lack of inventory necessitating new construction. However, the...
2023's housing market ended with a whimper. There were just over four million existing home sales nationwide last year, the fewest since 1995. Elevated mortgage rates and high home prices forced some prospective buyers to exit the market. However, a lack of inventory continues to be the biggest constraint...
The Institute's Luxury Market Report is your guide to an analysis on the trends and comparative data on the top residential markets throughout the United States and Canada. February's report reviews the current statistics for the luxury market in North America month over month, as well as the 13-month ...read more
There's one less defendant in an Illinois-based commission suit known as Batton, filed this past November by homebuyers claiming to have suffered antitrust injury due to a conspiracy between the National Association of REALTORS® (NAR) and big brokerages. The seven plaintiffs voluntarily dismissed their claims against Howard Hanna without...
Mortgage applications increased 9.7% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending Mar. 1, 2024. This week's numbers: The Market Composite Index, a measure of mortgage loan application volume, increased 9.7% on a seasonally adjusted basis...
Four women who are suing eXp, along with former and current influencers at the company, recently amended their lawsuit with more details about several sexual assaults allegedly carried out by influencers at eXp events, along with reiterating arguments that the company is culpable for the behavior—and misconduct—of agents who...
Century 21 has unveiled the “Number Ones” for 2023 at its recent One21 Experience Global Conference. The brand stated they honored top-performing affiliated entrepreneurs, companies and relentless sales professionals who continue to deliver 121% for homebuyers, homesellers and property investors around the world with a focus on quality client ...read more
United Real Estate has announced that Premiere Plus Realty (PPR), the Naples-based, No. 2 market share leader in Southwest Florida, has joined its family of companies. Premiere Plus Realty and its 1,500 agents will continue operations under the same name and leadership. With this affiliation, PPR greatly expands its...
The amount of new homes for sale has been slowly recovering from historically low, COVID impacted numbers, as the total number of home completions and the rate of multifamily home completions were at the highest levels since 2007 and 1987, respectively. However, a realtor.com report recently unveiled that the...
Anywhere Real Estate Inc. has been recognized for the 13th year in a row as one of the 2024 World's Most Ethical Companies. The list is presented by Ethisphere, a company designed to set standards for ethical business practices. The list, which Ethisphere stated was compiled via data from...