National News

JV acquiring almost 2,000 homes throughout the South for single-family rentals

Transcendent Electra, a partnership between Transcendent Investment Management and Electra America, has $496 million of properties in contract process and closing and another $1 billion in the pipeline.

NAHB: Single-family homes help boost total residential construction spending in March

The NAHB attributed the monthly increase in its construction spending index to single-family construction and single-family improvements, both of which rose by 2% on a monthly basis. Multifamily construction, meanwhile, declined 0.3% after falling 0.9% in February.

David Weekley Homes ranked No. 13 on FORTUNE’s 100 Best Companies to Work For

According to employees, the builder offered a multitude of options to support them through the pandemic.

NAR tech-venture fund names 2021 REACH recipients

The 2021 REACH recipients have collectively raised more than $700 million in capital, employ more than 125 people and represent a valuation of more than $1 billion.

S&P CoreLogic Case-Shiller: U.S. home-price gains accelerate

The year-over-year increase in the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index is the highest recorded since February 2006, according to Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indexes.

Biden Administration announces additional 22,000 H-2B visas

The DHS announcement comes in response to businesses reporting an immediate need for supplemental, temporary guest workers for this fiscal year.

RE/MAX: Median sales price tops $300,000 for first time

The median sales price of homes across 53 metro areas rose to record highs in March, topping $300,000. In Houston, the median sales price rose 4.7% between February and March to $288,000.

HUD Sec. Fudge: ‘We will enforce U.S. Fair Housing Act’

Housing secretary reaffirms U.S. commitment to closing the racial homeownership gap at a forum with NAR president and top housing officials and mentions how Realtors can help.

Zillow: Most experts expect relief to supply woes later this year, early 2022

Forty-three percent of respondents to the first-quarter Zillow Home Price Expectations survey expect inventory to improve in the second half of the year, followed by 26% who expect it in the first half of 2022.

Redfin closes $608 million takeover of RentPath early

RentPath’s sites, which include ApartmentGuide.com, Lovely, Rent.com, and Rentals.com, will continue to operate as normal while their listings are integrated with Redfin.com, a process that is expected to wrap up in 2022.

NAR: ‘Don’t panic, keep contracting’

The National Association of Realtors sends a message to members that it is working to ensure that the proposed Protecting the Right to Organize Act will not hurt their status as independent contractors.

Housing observers expect February job gains to continue

“More jobs are very likely, due to the near certain passage of the $1.9 trillion stimulus package and from two million vaccinations per day,” National Association of Realtors chief economist Lawrence Yun said in a release.

How will the stimulus bill help real estate?

The stimulus bill includes aid for state and local governments, new homeowners, small businesses and renters.

U.S. House passes Equality Act to prohibit discrimination

The House of Representatives has approved the Equality Act, which establishes legal safeguards to prevent discrimination in housing based on sexual orientation.

Black Knight: Mortgage forbearances finish February with weekly increase

The increase follows a decline earlier in February that cut the number of homeowners in forbearance plans to less than 2.7 million, the first dip below that threshold since April 2020.

Houston brokers skeptical of Zillow deal

The news that Zillow is purchasing ShowingTime for $500 million sent shockwaves through the residential real estate industry in February.

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