NEWS
To retain their Realtor status, members must satisfy NAR’s Code of Ethics training requirement within the next 24 days if they haven’t already done so.
The foreclosure ban ended, sending numbers higher (up 34% quarter-to-quarter, 68% year-to-year) – but the impact on the market is minimal so far.
NAHB: During the pandemic, many city dwellers turned to suburban and exurb homes. The trend continues but less so as cities see a spike in buyer demand.
A Conn. town reached an agreement with the Justice Dept. after it used zoning laws to ban disabled-adult group homes from residential neighborhoods.
Evergrande, a huge Chinese real estate firm, has a $310B mountain of debt. Collapse could create a housing crisis, but it’s unclear how China will handle it.
The short-term rental company will add an upscale doghouse to a rental for an extra $100. It offers five styles, including a chalet with a fireplace.
Shell companies can’t buy RE in 12 metros without identifying actual owners – a way to curtail money laundering – and the U.S. hopes to expand the program.
Chief Financial Officer Jimmy Patronis formed and deployed two new teams to investigate fraud – a total of 13 members that includes detectives.
A month after shutting down Zillow Offers, the company’s home-flipping, iBuyer business, Zillow will buy back stock, which fell about 60% so far this year.
Foreign investors traditionally eye Miami but rising real estate costs have pushed them toward other metros, such as Orlando, Tampa and Jacksonville.
The Fla.-owned insurer wants fewer policies, and it’s proposed a law that would force homeowners to accept private coverage even if it costs up to 20% more.
As expectations for virtual “real estate” heat up, prices follow. That $2.4M buys 116 parcels (6,090-square-feet) in Decentraland, which only exists online.
Insurance experts: Fla. homeowners can expect to pay even more in premiums over the next decade if insurers’ losses cannot be significantly reduced.
Analysts: Fears over the omicron variant could drive mortgage rates lower and perhaps stall demand for what has been a rebounding office sector.