News / Features
The news that Zillow is purchasing ShowingTime for $500 million sent shockwaves through the residential real estate industry in February.
The National Association of Real Estate Brokers has joined the RE/MAX Strategic Alliances program to help grow homeownership among minority groups.
The median sales price in the first month of 2021 was up 11.8% from January 2020 to $285,000, nearly matching the record high of $290,000 set last August.
For the ninth month in a row, Redfin is reporting more than half the homes offered by their agents are facing competition at 56%.
After declining for years, the size of new single-family homes has begun to level off as consumers spend more time at home, a National Association of Home Builders analysis found.
The study dispels a long-held belief that nearby homes lose value once low-income housing is built in an area.
The website, which notes that housing costs take up about one third of average spending for households, configured data by assessing the median home value and mortgage payment to show the minimum level of income necessary.
“In the final months of 2020, single-family rents posted the highest increases in over four years,” said Molly Boesel, principal economist at CoreLogic. “However, single-family rent price reaction to the pandemic and resulting recession differed greatly across metros.”
The top reason why long-time searchers have not purchased a home is because 40% say they were outbid.
Nine Houston agents sold homes priced between $2,715,000 and $$6,995,000 last month, according to HAR.