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Housing in 2020: Construction Costs Grow, Mortgage Rates Slow

Where will housing be in 2020? According to the latest Metrostudy predictions, if all continues on its current track, construction costs could continue to increase, and mortgage rates could reel in. While rates have increased in the last six months, impacting affordability, the rise is not significant according to historical trends, says Mark Bound, chief […]

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HUD Alleges Facebook Fair Housing Violations

In a formal complaint filed on Friday, the U.S. Department of Housing and Urban Development (HUD) accused Facebook of allowing landlords and homeowners to use targeted Facebook ads to discriminate against potential tenants and buyers based on race, color, religion, familial status, sex, national origin and disability. HUD alleged Facebook’s “targeted advertising” limits housing options […]

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Building a Real Estate Family That Celebrates History and Community Involvement

In the following interview, John Finn, managing broker of United Real Estate Richmond in Richmond, Va., discusses the background of the brokerage, its commitment to the community, and more. Region Served: Richmond, Va. Years in Real Estate: 40+ Number of Offices: 1 (our second office is opening this month) Number of Agents: 150+ Proudest Achievement: […]

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Disruptor Roundup: Divvy Takes on Rent-to-Own

Editor’s Note: The Disruptor Roundup analyzes companies implementing unconventional models. Divvy This tech-powered, rent-to-own platform was launched at the end of 2017, and provides consumers with the ability to transition from renting to homeownership with a three-year program that amasses a down payment within its required monthly payments. Currently available in Atlanta, Cleveland and Memphis, […]

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3 for 3 Listings: What Makes This REALTOR® Hit Home Runs

NAR PULSE—Cash flow analysis, demographics, economic indicators and in-depth property details make up these can’t-do-without Realtors Property Resource® (RPR®) Commercial tools. Learn more. Stay Safe and Earn Big With MVP Register for NAR’s REALTOR® Safety Month webinar, A Day in the Life: Habits to Keep You Safe on the Job, on September 12 at 1:00 […]

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Is the Housing Market Normalizing? One Sign the Tide’s Turning

With demand strong and supply weak, the housing market is overwhelmingly partial to sellers. The average homeowner is profiting $40,000 at resale (with decade-high returns in 2017), and higher in the hottest markets, where they’re attracting multiple offers in record time. Now, there’s an early indicator that the market may shift. At the start of […]

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Finding Success Through Drive and Dedication

In the following interview, Susan Gill, broker/owner of CENTURY 21 Fairways Real Estate in Irwin, Pa., discusses the advantages of the brand and industry leadership, as well as leadership of a team. Region Served: Irwin, Pa., and surrounding region Years in Real Estate: 22 Number of Offices: 1 Number of Agents: 14 Key to Getting […]

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Existing-Home Sales Stuck

Another Month, Another Sales Slump For the fourth month straight, existing-home sales slid, the National Association of REALTORS® (NAR) reports. Activity declined 0.7 percent in July, to 5.34 million, down 1.5 percent from the prior year. Inventory rewound, as well, down 0.5 percent to 1.92 million. “Led by a notable decrease in closings in the […]

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Challenged by a Down Payment? The Easiest Markets to Save For

One of the biggest challenges for first-time homebuyers is saving. Coming up with a down payment is a hurdle for the majority of millennials, shows study after study—but, there are areas where the average earnings are enough to save sufficiently, according to an analysis recently released by RealEstate.com. The easiest market? Chicago, where the average […]

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New-Home Sales Still Weighed Down

July new-home sales were still weighed down, dropping 1.7 percent to 627,000, according to the Commerce Department. Inventory in July was 309,000, representing 5.9-months’ supply, and the median price was $328,700. “Although this month marks the lowest sales pace since last October, we continue to see solid housing demand due to economic strengthening and positive […]

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401(k) Auto-Enrollment Connected to Early Withdrawals, With Housing Implications

With Social Security trust fund reserves waning—predicted to be depleted by 2034, leaving Social Security unable to maintain full scheduled benefits—and the number of retirees expecting to receive benefits increasing, more and more Americans are relying on 401(k) savings to support their retirement living. In fact, Statista estimates there are 41.2 million households who presently […]

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Staying Ahead of a Shifting Technology Landscape

In the following interview, Dan Bowden, broker/owner of HomeSmart Realty Group in Orland Park, Ill., discusses the advantages of the brand, the local market, technology, and more. Region Served: Midwest Chicago Years in Real Estate: 18 Number of Offices: 3 Number of Agents: 200 total in Orland Park, Naperville and Chicago’s West Loop Best Advice […]

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