Existing-Home Sales Rally

Existing-home sales in February rallied, bouncing back from a slog at the start of the year, the National Association of REALTORS® (NAR) reports. Sales increased 3 percent to 5.54 million, marking a 1.1 percent increase from one year prior. Inventory increased, as well, 4.6 percent to 1.59 million, but remained 8.1 percent lower than one […]

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Is realtor.com in it to win it?

On March 7, this report on realtor.com owner News Corp piqued my interest. Chief Executive Robert Thomson, referring to realtor.com, said, “Obviously we’re in a competition, long term, to be no. 1 …” …

Realtor.com’s new college scholarship is all about ‘Local Pride’

Realtor.com is striving to help the next generation of homebuyers with the debut of its Local Pride Scholarship, which gives college-bound students the opportunity to win a first-place $2,500 prize, second-place $1,000 prize or third-place $500 prize f…

Buying Costs Mount This Spring

Are you looking to purchase this spring? The combination of increasing prices and rates is making the price tag steeper. The average monthly mortgage payment has risen by $168, or 12.7 percent, year-over-year, according to an analysis by realtor.com®. The average monthly mortgage is now $1,486, up from $1,318 in February of last year. Concurrently, […]

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Beyond the Burbs: 10 Fringe Markets to Watch

Against climbing prices and severe shortages of supply, buyers are bypassing the suburbs, according to new research by realtor.com®. The areas garnering interest now are affordable (relatively), and have booming economies and sufficient supply, but are beyond the historically in-demand suburbs. The outliers to watch are: Spokane, Wash.; Portland, Maine; Knoxville, Tenn.; Deltona, Fla.; Boise, […]

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Leading Century 21 Firm Reinvents Company and Redefines Its Brand

In the following interview, Phillip Romero, president, and Joshua Robertson-Tucker, executive vice president of Business Development and Relocation, at CENTURY 21 Award in San Diego, Calif., discuss disruption in real estate, their reintroduced value proposition, and more. Region Served: Southern California Years in Real Estate: Philip: 30; Joshua: 4 Number of Offices: 17 Number of […]

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Real estate hires and promotions: March 2018

March 2018 is already witnessing an array of real estate industry hires and promotions. Who’s making moves? Which businesses are bringing in new blood or creating fresh positions? Here’s a rundown of some recent HR news across the board …

Zillow teases Canadian listings at conference

Zillow plans to include Canadian listings on its U.S. website and apps later in 2018, the company said at an Ontario real estate conference on Wednesday, echoing statements from last fall. …

A ‘Mile High’ Repeat? Market in the Mountains on the Rise

Denver is one the hottest housing markets in the nation—and its come-up is happening now in Salt Lake City, realtor.com® reports. Analysts at realtor.com anticipate home prices will increase 4.5 percent, and sales 4.6 percent, in Salt Lake City—comparable to what happened in the Mile High City in its rise to the top. “In just […]

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New-Home Sales Skid in January

New-home sales skidded in January, with sales of new, single-family homes down 7.8 percent to 593,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $382,700, while the median was $323,000. New-home listing inventory was 301,000—6.1-months supply. “The moderation in new-home sales may […]

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