real estate news

Existing-Home Sales Slip, but Inventory Stirs

July 23rd, 2018
Barely budging against imbalanced inventory, existing-home sales slipped at the start of summer, the National Association of REALTORS® (NAR) reports. Activity in June declined 0.6 percent to 5.38 million, down 2.2 percent from the prior year; however, inventory increased 4.3...

The Evolution of Office Space: Industry Impact

July 31st, 2018
Editor’s Note: This is part two of a series that takes an in-depth look at how brokerage offices have transformed. You can find part one here. It’s Monday morning, and you have two choices before you: drive into the office...

The Evolution of Office Space: Where Are We Going?

August 8th, 2018
Editor’s Note: This is part three of a series that takes an in-depth look at how brokerage offices have transformed. You can find part two here and part one here. What will the brokerage office of tomorrow look like? There’s...

Building Claws Higher in July

August 16th, 2018
Building clawed 0.9 percent higher in July, but still underwhelmed year-over-year, according to the Commerce Department. Combined, housing starts totaled 1.17 million, with 303,000 multifamily (five units or more) starts and 862,000 single-family starts. On an annual basis, starts tumbled...

Housing in 2020: Construction Costs Grow, Mortgage Rates Slow

August 26th, 2018
Where will housing be in 2020? According to the latest Metrostudy predictions, if all continues on its current track, construction costs could continue to increase, and mortgage rates could reel in. While rates have increased in the last six months,...

Cost of Homeownership Increases 3 Times the Price of Renting

September 5th, 2018
With affordability draining quickly, the gap is growing between the amount of buyers with a desire to purchase, and the amount of buyers who actually can. According to an analysis newly released by realtor.com®, the cost of homeownership has increased...

CLOSING THIS WEEK: Are You an Industry Newsmaker? Nominate Yourself or Others Today!

September 13th, 2018
Are you an industry newsmaker, or know someone who is? Act now to nominate yourself or others for RISMedia’s 2019 Real Estate Newsmakers, designed to recognize individuals making headlines as a result of their newsworthy contributions to the residential/commercial real estate industries, and/or...

Remodeling Spending to Spike

September 22nd, 2018
Across 50 of the largest major markets, home remodeling spending will spike this year, according to findings released by the Remodeling Futures Program at the Joint Center for Housing Studies at Harvard University. Expenditures for home remodels will rise by...

In ‘Healthy Shift,’ More Homeowners on Board With Selling

September 30th, 2018
Are homeowners warming up? With prices rapidly rising, homeowners have been reluctant to sell, fearful of being unable to afford another home—a catch-22, because inventory is limited as it is, and compounded further when homes are kept off the market....

Gas Pipelines a Blight in Real Estate? Explosions and Easements May Cause Resale Concerns

October 9th, 2018
Natural gas. In recent years, when hearing this single, seemingly minor detail for a property’s utility hook-up, buyers typically conveyed a tone of excitement. Nationally and in recent history, natural gas has been the leading choice for heating fuel in...
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