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Home sellers who did not list their properties on the MLS lost out on more than $1 billion in sale proceeds over the past two years, according to a study published Monday by Zillow. The study also found that these losses were deepest in communities of color. Zillow defined communities of color as ZIP codes where a majority of households are headed by Blacks , Hispanics , Asian Americans, Pacific Islanders or Native Americans.
According to a recent study, more than half of Americans say they feel overwhelmed by rising utility costs, mortgage payments, and rent, leaving many consumers with little money left over after paying their monthly housing expenses. This highlights the harsh financial reality of owning a home in the current economy. Per a new study from American Home Shield (AHS), paying utility bills is another typical expense of living at home, in addition to rent or mortgage payments.
Hello, dear reader! I hope you’re doing well! I took some time off from blogging to catch up on work and re-group mentally from the past few years of real estate craziness, culminating in a hectic last six months of an appraiser. I just needed a little breather. Thank you for being here to read my article on bedroom requirements and the housing statistics for Cuyahoga County.
As housing affordability remains a critical challenge across the country, mortgage rates continue to play a central role in shaping homebuying power. Mortgage rates stayed elevated throughout 2023 and early 2024. Recent data, however, shows a modest decline in mortgage rates. Even slight declines can have a significant impact on housing affordability, pricing more households.
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
Dowell Myers could see the fire from his front yard and the heat radiated into the house with impunity. Myers and his wife were at ground zero when the fire arrived in Altadena. The evacuation warning sounded, and the University of Southern California professor knew it was time to leave. But before he could move, something fell into his front yard.
Measuring and analyzing changes in market conditions are critical and fundamental elements in real estate appraisal. Indeed, they are the foundation of an accurate opinion of value. This is simply because such a value conclusion has as its base a specific date in time, the effective date of appraisal. So, from within the neighborhood boundaries appraisers delineate at the beginning of the appraisal report, they must analyze sufficient sales data to determine if there have been any changes in mar
Measuring and analyzing changes in market conditions are critical and fundamental elements in real estate appraisal. Indeed, they are the foundation of an accurate opinion of value. This is simply because such a value conclusion has as its base a specific date in time, the effective date of appraisal. So, from within the neighborhood boundaries appraisers delineate at the beginning of the appraisal report, they must analyze sufficient sales data to determine if there have been any changes in mar
Originally published on 04/05/2017 Unlock the power of digital agricultural data for smarter farm management From field workers to agricultural managers, the effective collection and use of farm data are essential to business success and quality assurance. Too often, this valuable information remains trapped in paper forms, creating inefficiencies and limiting visibility.
Paired sales is the fourth of five acceptable methods for time adjustments, according to the Fannie Mae selling guide. Once again, the method is neither defined nor explained. Editors Note:Read the entire series (so far) here. A look at USPAP shows no reference to grouped or paired sales as a way to support an opinion […] The post Paired Sales Time?
After months of debate, the National Association of Realtors (NAR) has made a decision about its contentious Clear Cooperation Policy. In an announcement on Tuesday, the trade organization unveiled its new Multiple Listing Options for Sellers policy. According to the release, this new policy compliments NAR s existing MLS policies and that it will exist in conjunction with CCP.The trade group feels the policy provides sellers and their agent more options and choice when marketing a property.
New findings from Redfin conclude that younger Americans are losing their momentum when it comes to homeownership, as 26.1% of Gen Zers owned their home in 2024, essentially a total flat from 2023 (26.3%), and 2022 (26.2%). Before that, the Gen Z homeownership rate had increased each year since Gen Zers started aging into potential homeownership in 2017 (except 2022, when it remained flat).
Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.
By continuing to invest wisely, women like Judith Ahdoot are not only securing their own futures but also setting the stage for future generations to thrive, coach Melanie Klein writes.
A slight decline in mortgage rates and limited existing inventory helped new home sales to edge higher in February even as housing affordability challenges continue to act as a strong headwind on the market. Sales of newly built, single-family homes in February increased 1.8% to a 676,000 seasonally adjusted annual rate from a revised January.
News Corp. , the parent company of Realtor.com owner Move , and the National Association of Realtors (NAR) may have been dismissed from the Bandy suit, but the plaintiffs arent letting them go without a fight. On Monday, James Bandy, the lead plaintiff in the Bandy lawsuit, which alleges that Move sold agents fake leads, filed an appeal of Judge Stanley Blumenfelds dismissal of NAR , News Corp., and Move subsidiaries Move Sales, Inc. , OpCity, Inc. , OpCity Acquisition, LLC , RIN , and RealSelec
New home sales increased 1.8% in February compared with January to reach a seasonally adjusted annual rate of 676,000, according to estimates released jointly today by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Year-over-year, new home sales increased 5.1%. Regionally, and year-over-year, new home sales were up 12.4% in the South but were down 6.7% in the West, 13.5% in the Midwest and 50.8% in the Northeast.
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
To ensure better representation this Women's History Month and beyond, she writes, its critical to reduce barriers to entry, support women in their journeys and celebrate their success.
Not all sellers want the same thing. And this doesnt have to be an all-or-nothing debate. The MLS can be the foundation of positive change, and heres how.
The HousingWire Economic Summit, held Feb. 26 in Dallas, provided valuable insights into the forces shaping the mortgage and housing markets in 2025. With economists, analysts and industry leaders in the room, discussions revolved around key economic indicators, inventory shifts, technology advancements and what lenders should be doing right now to prepare for the next cycle.
The housing market has underwent significant changes over the past few years, but there are still good deals in great locations to be had. Vacasa has just released its 2025 Top 25 Best Places to Buy a Vacation Home report , a helpful resource for vacation rental home buyers new and old, as well as those seeking investment properties. Vacation Rental Real Estate Market Trends Inventory : The good news is that after the past few years of historically low listings, market inventory is slowly growi
Think women who buy are focused on style over substance? Think again. Theyre mostly focused on financial matters, and theyre willing to consider a fixer-upper.
The U.S. Hispanic homeownership rate declined for the first time in a decade in 2024, to 49%, but more Hispanic households own their homes than ever before. This is according to the 2024 State of Hispanic Homeownership Report created by the National Association for Hispanic Real Estate Professionals ( NAHREP ). The report concludes that the decline in the Hispanic homeownership rate was not due to a net loss of Hispanic households, but rather occurred because the rate of Hispanic household forma
About 298,000 single-family homes and condos were flipped in 2024 a decrease of 7.7% compared with 2023 and down 32.4% from a peak of nearly 441,000 reached in 2022, according to ATTOM. In addition, flips only represented about 7.6% of all home sales in 2024, down from 8.1% in 2023, as inventory dried up and investors struggled to find homes to flip.
As women like this Chicago luxury broker step into real estate, Melanie Klein writes, they continue to redefine success and carve out pathways to lasting financial independence.
Global investment bank Cambridge Wilkinson today announced the closing of a forward flow agreement up to $100 million for a private real estate lending platform specializing in short-term bridge , fix-and-flip, construction and land development loans. The agreement is designed to fit the New York-based lender’s asset-based underwriting model, allowing for greater flexibility in how capital is allocated across its varied loan portfolio.
Total mortgage application volume fell 2.0% during the week ended March 21, as rates decreased slightly, however purchase applications continued to increase, according to the Mortgage Bankers Associations (MBA) Weekly Applications Survey. Applications for refinancesdecreased 5% compared with the previous week but were up 63% compared with the same week one year ago.
The Los Angeles wildfires started in early January and left miles of devastation across several communities. Redfin data released Monday shows that February home sales in Altadena and Pacific Palisades were down significantly from the same month a year ago, placing another layer of devastation on the housing markets in these communities. Redfin’s report reviewed home sales in both areas during the month of February.
After the pandemic, the U.S.renovation market surged above $600 billion and, even with a recent slowdown, is still 50% higher than it was before the outbreak. This is according to a new analysis from the Harvard Joint Center for Housing Studies (JCHS, the Center); however, the industrys capacity to completely satisfy demand is threatened by inflation, industry fragmentation, and a lack of qualified trade workers.
Stop thinking of yourself as "just" a new real estate agent, coach Darryl Davis writes. What you don't yet know can offer a distinct advantage as you launch your career.
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