Housing affordability continues to fall, according to the National Association of Realtors’ Housing Affordability Index, released on Tuesday. Nationwide, the average price of a single-family home fell modestly to $256,400 in December, from $259,900 in November, while rising to $261,600 in 2018, up from $248,800. The adjustment brought the Affordability Index to 147.6 points in December and 155.2 […]
Inventory is up and prices climbed more slowly in metro areas in the fourth quarter of 2018, according to data from the National Association of Realtors released Tuesday. The median existing single-family home price, meanwhile, climbed 4 percent year-over-year to $257,600. “Home prices continued to rise in the vast majority of markets but with inventory steadily […]
Online home trade-in startup Knock is open for business in Phoenix. The Arizona launch is Knock’s first in the west, following earlier expansions into Atlanta, Charlotte, Raleigh-Durham and Dallas-Fort Worth. Phoenix is among the fiercest markets for iBuyers in the country, with Offerpad, Opendoor and Zillow all operating in the city. More than 7,600 iBuyer transactions have […]
In a nutshell, it sets a minimum bar for private insurance policies; if the policies meet those requirements, lenders who require flood insurance will have to accept them. Source: click here
The National Association of Realtors (NAR) wants to replace Fannie Mae and Freddie Mac with a new entity that would be private, but regulated like a utility, that the organization believes would ensure the mortgage industry keeps running long-term. Source: click here
The home where online shopping truly began is currently up for sale for just under $1.5 million. Photo Courtesy John L. Scott The cute, 1,500-square-foot suburban Seattle home where Amazon founder and CEO Jeff Bezos, who is currently resisting what he claims is a blackmail attempt by The National Enquirer, first launched his online bookstore-turned-e-commerce giant has […]
They say that pictures are worth a thousand words. Did you know that one minute of video content is worth 1.8 billion words. In a lively, spirited and frankly funny discussion, Marki Lemons-Ryhal, of Marki Lemons Unlimited, talks about everything social media and how to make it work for you. Source: click here
Remine, a real estate data and analytics company known for its ability to predict which homes are “likely to sell,” has raised $30 million for ambitions that go way beyond lead prospecting. Source: click here
In this Monday column, Christy Murdock Edgar asks agents across the nation to share the lessons they’ve learned during their time in the industry. This week, founder and CEO of Global Property Systems (GPS) Vanessa Saunders. Source: click here
Instagram is king in some of the hottest markets — some would say it’s a gateway to the millennial buyer (with older and younger generations joining each day). Here are five easy ways to make your next listing Instagram-ready and capitalize on the attention it deserves. Source: click here
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