National News

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Forecast: 2018 market to favor buyers

Inventory, the Achilles’ heel of the 2017 housing market, is expected to loosen up in 2018, providing relief for buyers who were edged out of the market this year, according to the realtor.com 2018 Housing Forecast. The report expects

Guaranteed Rate adds two to senior executive team

Guaranteed Rate has added two new members to its senior executive team, appointing Steve Moffat as chief marketing officer and Brendan Noonan as chief brand officer. “Steve and Brendan both have a depth of experience driving the growth, visibility

Zillow: Homeowners spend less of their income on mortgage payments than they did historically

New research from Zillow shows that mortgage payments today are consuming a smaller percentage of the average homeowner’s income than they did historically. The typical homeowner saves roughly $3,3oo annually on mortgage payments, compared to how much it would

Explore Bitcoin’s emergence in real estate with Miami Agent magazine

Buying or selling a piece of property is a huge milestone in anyone’s lives — one that typically involves one of two payment options: taking out a mortgage loan or, less common, purchasing outright with cash. However, there’s a

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U.S. construction sees strongest growth in five months

Construction spending in the U.S. rose 1.4 percent in October, increasing across all significant building categories and marking the strongest boost in five months. The Commerce Department said the October increase in U.S. construction spending represents the third consecutive

NAR, NAHB diverge on Senate tax bill

The U.S. Senate on Dec. 2 passed its version of the Tax Cuts and Jobs Act, spurring the National Association of Realtors and the National Association of Home Builders to weigh the bill’s effects on the housing industry. Both

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Mainstreet Organization of Realtors names new CEO

The new year is just around the corner, and with it brings new leadership for the Mainstreet Organization of Realtors (MORe), which has hired John Gormley to lead the organization as CEO. Gormley previously was the CEO of the

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Redfin: Housing demand slid in October

The U.S. housing market experienced a 1.7 percent drop in demand from September to October this year, according to the latest Redfin Demand Index, which is calculated by measuring home tour requests and writing offers of thousands of Redfin customers.

U.S. pending home sales bounce back in October after three-month decline

October’s pending home sales rebounded slightly after a three-month decline, according to the latest report from the National Association of Realtors. The Pending Home Sales Index rose 3.5 percent from 105.6 in September to 109.3 in October. This is

Redfin launches concierge-style service for home sellers

Sellers no longer have to search far and wide for services that will spruce up their homes for showings. Redfin recently launched a concierge-style service that will prepare homes from top to bottom. So far, the service has been rolled

Amazon Echo introduces Agent Neo, real estate matchmaking app

On top of playing your favorite music and giving you weather reports, Amazon’s Alexa is adding a new skill to her vast voice-activated repertoire — helping users buy and sell homes. Agent Neo, a new real estate app on

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Freddie Mac: Housing market on track for best year in a decade

With 2018 right around the corner, Freddie Mac released its report card for 2017. While the economy is marked by robust job growth and low inflation, the housing market has had some hiccups this summer and fall, largely due to

Guaranteed Rate promotes two to executive V.P. level

Guaranteed Rate is promoting two of its senior vice presidents and divisional managers, James Elliott and Chris Knapp, to Executive Vice Presidents of National Retail Production in the Eastern and Western halves of the country. Elliott, a former CEO

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Construction making its highest contribution to economy in seven years

In 2016, the construction industry made its highest contribution to the U.S. economy in seven years. A recent report from the American Builders and Contractors (ABC) shows that investment in construction is up nationwide. The report showed that in

Median U.S. home value increases by $12,500 since last year

Just months after median U.S. home values reached their highest point in history, home values have continued to rise. Zillow recently released its October 2017 Market Housing report showing that the median U.S. home value stands at $203,400, a $12,500,

October home sales reach fastest pace in four months

Home sales don’t seem to be slowing down as October recorded the fastest pace of sales since June, according to the latest report from the National Association of Realtors (NAR). Total home sales grew to a seasonally adjusted rate

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