National News

Zillow: Unprecedented housing market shift has had little impact on sellers

While the past year has been unprecedented in terms of economic change and a global pandemic, most U.S. home sellers’ experiences were similar to past years, according to Zillow’s latest consumer housing trends report.  Consistent with the past three

EXIT Realty nurtures mental health, well-being in workplace

As COVID-19 continues to negatively impact people and workplaces, EXIT Realty Corp. International announced it is working to maintain the health and well-being of its agents and brokers through a series of programs, including its Focus on Good Health initiative.

HUD now considering climate change when underwriting loans

The U.S. Department of Housing and Urban Development (HUD) recently announced a plan that will implement new policies to combat global warming, according to a press release. 

Missing apostrophe in Facebook post lands real estate agent in court

An Australian real estate agent’s failure to use proper punctuation in a Facebook post could cost him tens of thousands of dollars, according to a report by The New York Times.

Court rules sending email could create binding contract

Email users should be mindful of what they write, as the contents of electronic messages could be legally binding, according to a report by the National Association of Realtors. 

Could remote work fuel housing demand for years to come?

Last year’s en-masse move to remote work has driven what Zillow has dubbed the Great Reshuffling, as homeowners working from home have paused and reevaluated where and how they live.

Mortgage rates remain flat at 2.88%

“The net result for housing is that these low and stable rates allow consumers more time to find the homes they are looking to purchase,” Freddie Mac Chief Economist Sam Khater said.

Texas ranks among states with the highest number of foreclosure starts in August

Texas had the second-most foreclosure starts in the nation during August 2021, according to new data from ATTOM’s U.S. Foreclosure Market Report.

Houston Housing Scorecard: Housing starts, existing-home sales and housing inventory all fell in August

Housing starts, existing-home sales and housing inventory were all down in Houston during August. But days on the market also fell.

Median home sale prices increase 16% from 2020

Even as the real estate market is showing signs of cooling and more sellers are dropping asking prices, median home prices increased by double digits from last year.

New-home sales plummet in July

Also during the month, the median sales price rose to $390,500 from $370,200 in June, according to the U.S. Census Bureau and the Department of Housing and Urban Development.

Houston-based Hines secures $750M in investor commitments for new fund - Austin Skyline
Houston-based Hines secures $750M in investor commitments for new fund

Hines U.S. Property Partners initial capital raise represents over $1.2 billion in investment capacity to pursue next-generation assets.

Housing affordability falls for a third straight month

Affordability declined in 49 of the 50 major markets according to the May 2021 First American Real House Price Index. 

Existing-home sales reverse four-month decline in June

At the same time, the median existing-home price for all housing types in May was up 23.4% on an annual basis, as every region in the country registered price increases.

Compass, Guaranteed Rate launch loan origination company OriginPoint

Two of the largest leaders in the real estate market are joining forces to form a new mortgage origination company.

What the condo collapse means for agents, sellers and buyers

The Champlain Towers South collapse emergency is ongoing, and some experts say they expect condo sales, in what was a roaring condo market in Miami, to struggle from the impact. What can agents, sellers and buyers anticipate?

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