Industry Reels out West As Drought Wreaks Havoc on Summer Real Estate Markets
Jennifer Fortune is as bullish on Lake Tahoe real estate as anybody. She’s been serving buyers and sellers in the pristine neighborhoods of the southern region of the lake for a decade. As an agent with Chase International, she is active on both sides of the California-Nevada state line, and she’s enjoyed the weather-related ebbs […]
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When Will the Housing Market Crash?
When will the housing market crash? This was one of the top three questions people posed on Google this past spring. Why? Because too many buyers have post-traumatic stress from the 2008 meltdown. While it’s fascinating to see how many people still live in fear of that exact scenario happening again, the truth is, we’re […]
Meybohm Real Estate Measures the Dividends of Tech Via Agent Time-Savings
After almost half a century in real estate, it’d be easy for Augusta, Georgia-based Meybohm Real Estate to rest on its laurels. With 340 agents and five offices, the brokerage caters to clients in 14 different counties throughout Georgia and South Carolina. Still, that hasn’t stymied Meybohm Real Estate’s desire to stay ahead of the […]
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Brand Report: RE/MAX National Housing for August 2021
August home sales dropped 3.5% from July’s total—and the median sale price slipped 1.2% to $335,000—as seasonal norms signaled that 2021’s busiest home-buying and selling months are probably behind us. Despite these drops, August still almost broke records for home sales signaling a still-hot market. August’s low number of days on market (24) and meager […]
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United Real Estate’s Virtual Properties Realty Exceeds 4,000th Agent Mark
Virtual Properties Realty (VPR), a United® Real Estate company, announced it has eclipsed the 4,000-agent mark and reportedly holds the No. 1 market share position in Georgia by completing more real estate transactions than any other privately owned residential brokerage over the past 12 months. The company also celebrated record-breaking, single-month sales of $356 million […]
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Realogy Announces Term Loan Repayments
Realogy Holdings Corp. announced that it has repaid an aggregate of $435 million of outstanding borrowings under its term loan facilities as of Sept. 16, 2021. The debt repayment was funded with cash on hand. The repayments satisfy in full the $197 million principal amount of outstanding borrowings under its non-extended Term Loan A facility […]
NAR Statement: Administration Suspending Portions of the 2021 PSAs
National Association of REALTORS® (NAR) President Charlie Oppler issued the following statement about the Federal Housing Finance Agency and the U.S. Department of the Treasury suspending certain provisions added to the Preferred Stock Purchase Agreements with Fannie Mae and Freddie Mac on Jan.14, 2021: “NAR applauds the Federal Housing Finance Agency and Treasury’s action to suspend implementation of several […]
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Home Remodeling: One Potential Solution to Aging Housing Issues
While new construction is critical in addressing the inventory challenges, experts say that may only partially fix the persisting housing shortage in the United States. “Over time, aging housing is also likely to increase the rate at which homes deteriorate to the point of functional obsolescence—a factor that would further increase the need to build […]
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The ‘It Girl’ of 2021: Why a Housing Market Crash Is Unlikely
As the real estate market has veered into uncharted territory over the past 18 months, taking the whole industry on a roller-coaster ride of unprecedented surges in demand and price appreciation along with rapidly evolving consumer behavior, many have been asking when and how will it all end? Will the housing market crash? According to […]
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