New home sales take off; market remains grounded overall
Sales in the Midwest were especially strong, rising 19.2% on a year-to-date basis, noted Jing Fu, director of forecasting at the National Association of Home Builders.
8 of the best properties for sale with fishing rights
A restored, 1750s residence with 340 metres of fishing legal rights on the River Irthing. It has oak floorings, fireplaces and a morning meal cooking area with gliding doors leading onto a terrace. 4 beds, 3 bathrooms, 3 receps, orangery, yards, paddock, timberland, 5.4 acres. In 2000 Natasha started working as a self-employed journalist for...
A disappointing September pushes home sales to 14-year low
Total existing home sales hit a 14-year slump, falling 1% in September compared to August and declining 3.5% year-over-year, according to the latest data from the National Association of Realtors.
8 of the best houses for sale with wine cellars
A 17th-century residence with sheds that consist of a temperature-controlled wine underground chamber. Your house has beamed ceilings, panelled walls, inglenook fireplaces with wood-burning cooktops, and a country cooking area with an Aga. 7 beds, 4 baths, 3 receps, 2 kitchens, heated swimming pool, 5.5 acres. A prolonged Grade II-listed ranch on the edge of...
Douglas Elliman CEO resigns as company faces multiple challenges
"With a strong balance sheet, robust pipeline of projects in our development marketing business, and the competitive advantages provided by our dedicated team of world-class agents, I am confident that Douglas Elliman's brightest days are ahead," he said, adding that his efforts are aimed at "maximizing shareholder value."
A danger foretold: NAR’s waning dominance
But they are facing it with optimism, with DMAR CEO Brendan Bailey saying the new leadership of the MLS "promises to create exciting new opportunities for the real estate community, enabling us to better serve our clients and succeed during this pivotal time for the industry."
Is property becoming uninsurable?
Yes, and one with vast implications. By making some building and some locations uninsurable, for instance, climate adjustment has the possible to drive property costs down, or crash them altogether, states The Economist. Home is the world’s most significant asset class, making up concerning two-thirds of international riches. Mortgages work as security in money markets...
A decade ago, real estate got a warning — did we heed it?
The events of the past few years have been a shock to the system for residential real estate: Lawsuits that have changed how agents get paid and challenged their value, a frozen housing market, NAR upheaval.
Rightmove: rental growth hits new high as landlords prepare for Autumn Budget
“Landlords have faced continuous financial and regulatory hurdles with many having to pass on certain costs by raising rents just to break even on their increasing expenditure,” says Nathan Emerson, chief executive of Propertymark.
NAR breaks down listing agreements, how agent pay ties in
A consumer watchdog's perspective on listing agreements: Ahead of the new industry practices that took effect in August, many brokerages, MLSs and associations spent the summer revising or creating buyer and seller contracts.
House price growth picks up pace with 2.8% annual rise
Jeremy Leaf, estate agent and a former RICS residential chairman, says: “This most comprehensive of all house-price surveys, as it includes cash and mortgage transactions, demonstrates once again considerable market strength despite reflecting activity over the past three months at a time of economic and political turbulence.
Local association pauses Clear Cooperation — will others follow?
A proverbial line has been drawn in the sand in the intensifying debate over NAR's Clear Cooperation Policy — a rule that requires agents to add their listings to the MLS within one business day of publicly marketing a property.