Cover Story: Berkshire Hathaway HomeServices on What it Means to Be Invaluable
When Gino Blefari, the CEO of HomeServices of America and chairman of Berkshire Hathaway HomeServices, selected Christy Budnick to serve as CEO of the global Berkshire Hathaway HomeServices franchise network, his decision was based upon her exceptional skills, brokerage experience, industry-wide respect and demonstrable and remarkable leadership. Not lost on Blefari, however, was something that […]
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Could New Construction Help Level Out the Market?
If you’ve spent any time watching the real estate market this year or working in the field, you know we’re navigating one of the hottest seller’s markets on the books, and new construction has been an ongoing challenge. Fortunately, a recent slight decrease in housing material costs could mean the market is beginning to level […]
FHA and FHFA Eviction Moratoria Get New Deadline
An eleventh-hour request from the White House has kept several eviction freezes from thawing at least until the Fall. The Biden Administration announced on July 29 that it wanted Congress to consider pushing the deadline for the Centers for Disease Control and Prevention (CDC) eviction moratorium back until the end of September. The ban was […]
Real Estate Q&A: What Can Homeowners Do When the HOA Board Isn’t Doing Its Job?
(TNS)—Q: Our association’s board of directors is not doing their job. Overgrown landscaping, boats and inoperable vehicles in driveways, and houses that need painting are among the many problems in our community. What can a homeowner do when their board and management company are ineffective? — Margaret A: The board of directors of your community […]
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RealEdge Recap: iBuyers, Global Relocation Patterns and More
RISMedia’s RealEdge is a real estate-related podcast that highlights the industry’s most innovative and successful members, sharing best practices for obtaining a real estate edge. Here are the episodes we’ve recently released: Episode 19: ‘Don’t Let Someone Else Define You or Your Company’ – Growth and Leadership Strategies for an Unpredictable Time Corcoran Group CEO Pam […]
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How to Increase Your Brokerage Business in a Virtual World
Register today for RISMedia’s next webinar: “How to Increase Your Brokerage Business in a Virtual World.” If the last year and half prepared us for anything, it’s how to survive in a predominantly digital world. Now that the economy is rebounding and we’re returning to some semblance of normalcy, it’s natural to want to get […]
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Listing Prices Increase But a Market Slowdown Is in Sight
Softening and market slowdown are the new emerging keyphrases for where the housing market is headed. More sellers are coming onto the market, slowly addressing the inventory challenge and slowing home price growth, according to the latest Weekly Housing Trends report from realtor.com®. Key findings: – The median listing price increased 10.3% YoY—the 50th consecutive […]
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Seller Profits Strong YoY, But Saw Q2 Blip
In a break from historical trends, U.S. home-sale profits for sellers dipped in the second quarter of 2021—although they remain healthy YoY, according to a new report from ATTOM Data Solutions. Key findings: – A typical single-family home and condo sale in the U.S in Q2 generated a profit of about $94,500, an increase from […]
Mortgage Rates Shift Slightly Up, But Still Under 3%
The 30-year fixed-rate mortgage is averaging 2.80%, according to the latest Private Mortgage Market Survey from Freddie Mac. Here’s where rates stand: – The 30-year fixed-rate mortgage averaged 2.80% with an average 0.7 point for the week ending July 29, 2021, up from last week when it averaged 2.78%. A year ago at this time, […]
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FHFA Extends REO Eviction Moratorium
The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac are extending the eviction moratorium for single-family, real estate-owned (REO) properties until Sept. 30, 2021. The REO eviction moratorium applies to properties that have been acquired by Fannie or Freddie through foreclosure or deed-in-lieu of foreclosure transactions. The current moratorium was set […]