Fewer new homes entered the construction pipeline at the end of 2017, further depressing already low inventory levels in many markets. Housing starts across the country dropped 8.2 percent month over month in December to a seasonally adjusted annual rate of 1.19 million units, the Commerce Department reported Thursday. National Association of REALTORS® Chief Economist Lawrence Yun called the decline “disappointing” but expressed optimism for
In a lawsuit filed this week, a New Jersey brokerage is accusing Zillow of hiding its “Zestimate” home valuation tool on certain residential listings at the request of brokers who have special contracts with the site. The brokerage, EJ MGT, says Zillow’s actions violate federal antitrust laws.The case stems from a listing the brokerage had in Cresskill, N.J., that appeared on Zillow. The eight-bedroom, 10-bathroom home was listed for just u
iPro currently deals throughout the states of California, Texas, Florida and New York. We continue to strive and broaden opportunities for real estate professionals and consumers. Visit www.iprore.com for the latest information and links.Click here for information on becoming a salesperson.
Efficiency is the key to earning 30 listings in 30 daysWe all know that listings are essential to success. Increasing the number of listings you collect each month allows for more possibilities for your business, and it’s the most direct way to improve your real estate productivity.The keys to achieving an increase in your listings are improving your branding, productivity and finding a niche. Your goal in the real estate market should always
Learn more about current trends and how to tap them to expand your businessThe booming real estate industry is the healthiest it’s been in the last 30 years with home sales and prices near where they were during the housing boom — and there’s none of the drama involved due to a more stable economy. So what’s in store as the industry looks ahead to the year to come?Sales and interest rates will likely increaseThe National Association of Re
Filings were submitted on 676,535 U.S. properties — a 27 percent year-over-year dropAttom Data Solutions today released its Year-End Foreclosure Market Report, which revealed that foreclosure filings were submitted on 676,535 U.S. properties — a 27 percent year-over-year decline and the lowest level since 2005.The filings, which included default notices, scheduled auctions and bank repossessions, accounted for 0.51 percent of all housing unit
Homebuilding is still falling short in many markets in alleviating the shrinking inventories of homes for sale. But builders are blaming the construction shortfall on several factors.Builders revealed the following top 10 “significant” problems they expect to face in 2018, according to the National Association of Home Builders and Wells Fargo Housing Market Index: Cost/availability of labor: 84% Building material prices: 84% Cost/availability
Mortgage applications for refinancings and home purchases surged 4.1 percent last week on a seasonally adjusted basis, even as interest rates rose, the Mortgage Bankers Association reported Wednesday. Volume is now up 5.6 percent over a year ago.More consumers are growing concerned that the long run of record low rates may be coming to an end. As such, they’re rushing to lock in rates before any more upticks.Applications to purchase a home incr
Homes along the beach tend to command a premium. But for buyers who dream of living near the water, they may still be able to find a beach-town bargain.Gulfport, Miss., was named the most affordable beach town in America for the third consecutive year, according to a new analysis by SmartAsset, a personal finance website. Buyers can snag a home along the beach for $116,200 in Gulfport.SmartAsset ranked the most affordable beach towns by looking a
iPro currently deals throughout the states of California, Texas, Florida and New York. We continue to strive and broaden opportunities for real estate professionals and consumers. Visit www.iprore.com for the latest information and links.Click here for information on becoming a salesperson.
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