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Major homebuilder moves headquarters to larger office in Broward (Photos) - The Business Journals
Major homebuilder moves headquarters to larger office in Broward (Photos) The Business Journals
Making the Most of Slipping Mortgage Rates
Mortgage rates have fallen to their lowest level in about 10 months—a shift that every real estate agent should be watching closely. Economic forecasts suggest an interest rate cut at the Federal Reserve’s September Federal Open Market Committee (FOMC) meeting is likely, which could see rates drop even further. While it’s natural to expect more…
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Existing-Home Sales Up 2% While Prices Leveled
In a highly anticipated report released this morning, existing-home sales rose 2%, from a seasonally adjusted annual rate of 4.01 million in July, up 0.8% year-over-year, according to the latest report from the National Association of Realtors® (NAR). NAR’s Existing Home Sales report for July found that total housing inventory was up 0.6% from June…
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Rocket President Retires as Old-Guard Exodus Continues
Bill Emerson, president of Rocket Companies who served as the mortgage giant’s CEO for 16 years, is retiring, according to a regulatory filing yesterday. Emerson will officially step away at the end of this year, as Rocket continues an M&A spree led by CEO Varun Krishna, who took the reins from Emerson in 2023. A…
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LUX Real Estate Company ERA Powered Expands Into Vail With Merger
LUX Real Estate Company ERA Powered, a women-led brokerage based in Denver’s Cherry Creek North, has announced its expansion into Vail with the acquisition of Vail Real Estate Center. LUX stated the move enhances its presence in Colorado’s most exclusive markets and debuts with a $9.95 million residence offering slope-side views, currently available in Vail…
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Leading Economic Indicators Post Slowing Decline in July
The economy is slowing overall, continuing a less than ideal market to become a homebuyer, per the latest findings from the nonprofit Conference Board on Leading Economic Indicators (LEI). In July, the LEI experienced a mere 0.1% drop from June, compared to June’s 0.3% drop that was attributed to economic challenges such as tariffs. Over…
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NAR sees existing-home sales rise ‘ever so slightly’ in July
Existing-home sales edged up in July, as increasing inventory and improving affordability pushed more homebuyers into the market. The sale of single-family, townhomes, condominiums, and co-ops increased 2 percent month-over-month and 0.8 percent year-over-year to a seasonally adjusted annual rate of 4.01 million. Total housing inventory jumped 0.6 percent month-over-month and 15.7 percent year-over-year to 1.55 million units, representing a 4.6 months of supply at the current sales pace—the highest level since May 2020.
I grew up on a typical London estate - this is what it's really like - London Evening Standard
I grew up on a typical London estate - this is what it's really like London Evening Standard
Williamsburg MLS and Bright MLS Announce Launch of Data Share
Williamsburg Multiple Listing Service (WMLS) and Bright MLS have announced the launch of their data share agreement, expanding access to thousands of real estate listings in Northern Virginia and the Historic Triangle in Virginia, giving subscribers of both organizations the ability to search comprehensive current and historical property-listing information. “This data share represents a major…
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Mortgage rates hit 10-month low, spurring lower monthly payments
The dip is due to a weak July jobs report, a neutral inflation report and home sale prices moving past their peak as fall approaches. Those factors give buyers significant leverage.
Brian Buffini Says ‘It’s Time to Get Back to Work’ With Stability Returning to the Market
The U.S. housing market is stabilizing, and Brian Buffini—chairman and founder of Buffini & Company—says agents need to pay attention. Kicking off his latest Bold Predictions Mid-Year Update, he called out the pervasive anxiety in the industry. “People are doomscrolling,” he said, referring to the habit of letting news and social media create unnecessary fear.…
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Prime London office rents tick up again - Green Street News
Prime London office rents tick up again Green Street News
Fed Wary of Elevated Inflation and the Context of Low Unemployment
The latest Federal Open Market Committee (FOMC) meeting held by the Federal Reserve (Fed) concluded with the decision to maintain the current interest rate from 4.25% to 4.5%, which went into effect July 31. The meeting minutes reveal that while unemployment remains low, and labor market conditions are solid, concerns over inflation sparked the need…
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