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Real Estate In Brief: Rising interest rates, the smart home market and more

The Federal Reserve attempts to regulate accelerated inflation by raising interest rates for the third time this year, as reported by HousingWire. The Fed’s key rates have increased by .25 percent, to a current total of 2.25 percent. This rate hike is now the eighth since 2015, as

Sen. Warren introduces $450 billion bill to fund housing affordability

Massachusetts Senator Elizabeth Warren introduced an expansive bill to Congress Sept. 26 that would fund a wide spectrum of initiatives to bolster housing finance and enable more Americans to become homeowners. Called the American Housing and Economic Mobility Act

What homebuyers, sellers with children are looking for from their agent

There is no one-size-fits-all way to help people buy and sell homes. Depending on what stage of life they are in, the needs and preferences of the client will change entirely. Buying or selling a home can be a

Pending home sales continue to see declines

Pending home sales fell for the eighth straight month on an annual basis, according to the August report from the National Association of Realtors. The Pending Home Sales Index dropped 1.8 percent from July’s 106.1 to 104.2 in August,

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South Florida agent sues NAR, Move Inc. over unsolicited text messages

A South Florida agent is suing NAR and Move, Inc. because of unsolicited text messages that she received through Realtor.com. In the class action lawsuit, Courtney Silverman alleges that “in their persistent efforts to advertise and solicit business, defendants,

Homebuyer traffic remains strong despite slight slowdown

Realtors across many states reported slower homebuying activity in August as the Realtors Buyer Traffic Index fell to 57 from 69 in August 2017, according to the August 2018 Realtors Confidence Index Survey. Homebuying activity in the country is

Housing legislation struggles through Congress

The cost of living in a home has outpaced the wage growth of the average U.S. citizen, and is becoming an urgent concern for millions. Apartment List found that housing affordability is a determining factor for the quality of life for

Real Estate in Brief: FTC website crackdown, Zillow lawsuit and more

According to HousingWire, the Federal Trade Commission (FTC) cracked down on a string of real estate websites allegedly targeting Section 8 renters, charging a weekly subscription fee for false rental listings. The FTC alleges that brothers and company owners Steven and Kevin (Kaveh) Shayan operated a set of

LGBT+ couples are showing a stronger desire to purchase homes

Although housing discrimination continues to be an issue for many in the LGBT+ community, more LGBT+ couples are buying homes. The National Association of Gay and Lesbian Real Estate Professionals (NAGLREP) put out its annual report looking at LGBT+

Existing-home sales steady in August after months of declines

After four months of declines, existing-home sales stayed steady in August from July, according to the National Association of Realtors’ monthly report. “Strong gains in the Northeast and a moderate uptick in the Midwest helped to balance out any

Homebuyers purchase second vacation homes for profit over personal use

Over the past decade, the market for second homes and online travel operations has transformed significantly. A survey by real estate adviser Savills and HomeAway found that recent buyers are prioritizing the purchasing of second vacation homes for financial benefits rather than

New construction activity finally climbs in August

The U.S. Census Bureau’s monthly New Residential Construction report showed builders broke ground on new homes and apartment buildings at a much higher rate in August compared to the prior month or last August. Housing starts grew by 9.2

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NAHB: Permits and confidence grow, but tariff trouble looms

The latest survey of U.S. homebuilders by the National Association of Home Builders finds that confidence within the industry remains generally high despite some persistent headwinds. The NAHB/Wells Fargo Housing Market Index (HMI) for September remained unchanged from the

Coldwell Banker Real Estate announces new chief operating officer

Liz Gehringer, tenured senior vice president and chief ethics and compliance officer of Realogy Holdings Corp., was named the new chief operating officer for Coldwell Banker Real Estate LLC. Gehringer will be working under Coldwell Banker president and CEO, Charlie Young, while overseeing the brand’s field

Real Estate in Brief: Hurricane Florence threatens 750,000 homes

Hurricane Florence made landfall in North Carolina last Thursday. With three states in Florence’s sights, new data from Core Logic shows 758,657 homes in North Carolina, South Carolina and Virginia are at risk of being flooded. While Florence has

Real Estate in Brief: Trump, tax breaks, and technology in smart homes

Former President Jimmy Carter is calling for broad reform of the U.S. Department of Housing and Urban Development and advocates for voters to support candidates who promote affordable housing. Carter told CNBC that Trump administration is ignoring a national housing

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