News / Features

Mortgage applications rise, interest rates fall as Ukraine uncertainty roils markets

“Looking ahead, the potential for higher inflation amidst disruptions in oil and other commodity flows will likely lead to a period of volatility in rates.” — MBA associate vice president of economic and industry forecasting Joel Kan 

Sales launch at St. Regis Residences in Miami

The East Tower at 1809 Brickell Ave. will include 149 residences, ranging from two-bedroom units at 2,300 square feet to 8,900-square-foot duplexes. Prices start at $2.8 million.

RelatedISG Realty opens new Fort Lauderdale office

The office at 701 E. Broward Blvd. expands RelatedISG’s presence in Broward County, joining the company’s Weston office there. RelatedISG’s new Director of Sales Robert Esposito will lead the new office.

Take this Illinois ‘dome home’ for a whirl

Just an hour from outer Chicago, sits a spaceship-like structure: Illinois’ famous rotating house.

RE/MAX celebrates 2 million transaction sides at annual convention in Las Vegas

The real estate franchisor’s 140,000 agents closed more than two million transaction sides in 2021 to become the first real estate brand to do so in a single calendar year, according to the company.

MoxiWorks acquires lead nurturing platform ActivePipe

Real estate technology platform MoxiWorks recently announced the acquisition of ActivePipe, a lead nurturing platform for real estate professionals.

NAR issues statement on Russia-Ukraine crisis

The National Association of REALTORS® released an official statement this week regarding Russia’s invasion of Ukraine.

Prime Key West property sells for $5.8 million

RE/MAX Advance Realty/All Keys agents Curtis Skomp, Greg Dully and Michael Petro represented the buyer and brokered the transaction.

Miami among top 10 metros for real estate development

StorageCafe conducted a study on construction in the 50 largest metros — and among them, Miami-Fort Lauderdale-Pompano Beach ranks ninth for growth.

Pending-home sales slide for third month in a row

“Given the situation in the market — mortgages, home costs and inventory — it would not be surprising to see a retreat in housing demand.” — NAR chief economist Lawrence Yun 

The Jills Zeder Group in Miami named Coldwell Banker’s No. 1 large team nationally

It’s the third consecutive year The Jills Zeder Group has reached the top spot. The group achieved a sales volume of $2.25 billion in 2021.

High prices, construction bottlenecks crimp new-home sales in January

“Builders are entering 2022 with backlogs that they are having a hard time completing due to material and labor shortages, and new-home prices are sitting near a historic high.” — First American Deputy Chief Economist Odeta Kushi

What do agents want from brokerage technology? @properties Christie’s International Real Estate investigates

@properties Christie’s International Real Estate has released the findings of a new survey focused on brokerage technology.

Rising interest rates could bring balance to the housing market

While rising interest rates may lead to more reductions in the housing supply, it may also bring some much-needed balance to the market.

Mortgage applications fall to pre-pandemic low as rates rise

Mortgage applications fell more than 13% in the most-recent week tracked by the Mortgage Bankers Association’s Market Composite Index, while interest rates continued to rise. 

South Florida lands three towns on the most-expensive housing cities list

Nationwide, there are 481 million-dollar cities on Zillow’s list, meaning towns with a typical home value of $1 million or more.

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