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Home-price index gains the most since 2018

Housing Wire

in July from a year ago, the biggest advance since 2018, as rock-bottom mortgage rates made it possible for people to bid higher for properties. advance in the prior month, and it was the largest annual gain since December 2018. The post Home-price index gains the most since 2018 appeared first on HousingWire. million, down 18.6%

Inventory 542
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NAR launches Spanish language version of website

Housing Wire

In time for National Hispanic Heritage Month, the National Association of Realtors has launched ‘NAR en Español,’ a Spanish language subsite to the association’s main webpage. Since 2018, the NAR en Español initiative has helped Spanish-speaking Realtors leverage networking and additional sources, the association said.

Realtors 475
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California will require home insurers to offer policies in high-risk wildfire areas

Housing Wire

The California Association of Realtors reported that 13% of its members had at least one deal cancelled in 2024 due to insurance issues. The eight largest wildfires in state history have occurred since 2017, and the worst when measuring the loss of life was the Camp Fire in 2018, which killed 85 people.

Insurance 501
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Study: Real estate firms thrive on repeat and referral business

Housing Wire

Referrals from past and repeat customers still generated the greatest number of inquiries for real estate firms in 2020 with 30% of brokerage business coming from this source, the same amount as in 2018, when the survey was last completed. In 2018, 1% of surveyed brokerages said their business came from open houses. million in 2018.

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VestaPlus scores partnerships with MLSs in Ohio, Wisconsin

Housing Wire

The company announced that Firelands Association of Realtors in Ohio and Northwest Wisconsin MLS have signed up for CheckMate, the firm’s listing compliance violation detection software. In 2018, TheMLS.com created VestaPlus to continue building the software with the intent of licensing it.

Realtors 365
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Real Estate Virtual Demo Day: Metro Brokers

Housing Wire

McClelland was a top Realtor before starting a small independent firm in Atlanta after his first year in the business. McClelland was named Chief Operating Officer in 2013 and Vice President in 2018. Metro Brokers – Craig McClelland. He grew the firm to 23 offices with 1,100 agent before selling the company at the end of 2007.

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The housing market is still savagely unhealthy

Housing Wire

The National Association of Realtors reported that existing home sales for March came in as a miss of estimate at 5.77 In 2018 when mortgage rates rose, we saw existing home sales trend lower from 5.72 Even though total existing-home sales didn’t do much in 2018 and 2019, we see how higher rates impacted the demand curve.