Black Knight Financial Services released its First Look report for the second quarter of June 2016, which boasted the lowest level of first-time foreclosure starts in 16 years. Furthermore, prepayment speeds sprung to a 12-month high that mirrors an overall rise in refinance activity driven by historically low interest rates. … Powered by WPeMatico
History tells us that the hottest real estate markets rarely last — and when the heat rises for too long, the pressure eventually leads to a disastrous fallout. Although May 2016 represents the 49th consecutive month of positive price growth, over the past four months, year-over-year price gains have remained flat or declined, which could …
S&P/Case-Shiller: Flattened home price growth suggests market cooldown Read More »
Mortgage rates have been at rock-bottom for longer than anyone expected — but are consumers taking advantage of the economic boon to buy a home? Specifically, a new home? The latest data from the U.S. Census Bureau and Department of Housing and Urban Development (HUD) indicate that new home sales sales are quite a bit …
June new residential sales jumped 25% from 2015, says Census Bureau/HUD Read More »
In the battle of quantity versus quality, do more agents equate to more money? That’s a great question for Keller Williams, the largest franchisor by agent count. The company’s second quarter earnings results, which showed its increase in agents was accompanied by even larger growth in total transaction numbers and sales volume — would indicate …
Agent productivity propels Keller Williams sales growth to all-time high Read More »
Like the city’s summer temperatures, Chicago’s suburban housing market continued to heat up in June with a rising median sales price and fewer days on the market overall, according to The Mainstreet Organization of Realtors’ (MORe) report on the June market … Powered by WPeMatico
The continued success of Better Homes and Gardens Real Estate Gary Greene in the Houston metro is evident with a new move aiming to grow its Pearland office. Markeith Spears, currently at the Inner Loop office, will move into the manager role at the Pearland office … Powered by WPeMatico
Queens’ booming neighborhood, Long Island City, is welcoming another high rise, mixed-use complex to the fold. Aurora apartments from developer G. Holdings features one- to three-bedroom units, each boasting modern touches and prime skyline views … Powered by WPeMatico
Home prices continue to climb as homebuilding stalls in adding enough supply to the stock. But like most things in real estate, whether or not a city can add enough volume to meet the incoming demand depends on location, location, location … Powered by WPeMatico
Washington D.C. home prices fell 2.3 percent in June from a year earlier—the third time prices have fallen in the past two years. The typical home sold for $550,000 as home sales made an impressive 18.6 percent leap since last year … Powered by WPeMatico
Maponics, a provider of boundary sets and other data to many real estate websites and vendors, has been snatched up by Pitney Bowes, a provider of products and services that power commerce, according to an email sent to Maponics clients. Maponics’ spatial data paired with Pitney Bowes’ identification and location software will offer clients a …
