National News

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 in the nation 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

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 an evident determining factor for the quality of life

Real Estate in Brief: FTC website crack-down, HUD hiring for loyalty, and Zillow’s lawsuit

According to Housing Wire, 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

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 property market for second homes and online travel operations have transformed significantly. A survey developed by real estate adviser Savills and HomeAway found that recent buyers are prioritizing the purchasing of second vacation homes for financial benefits rather

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

Real Estate in Brief: Florence threatens 750,000 homes, Sherwin-Williams announces color of the year and more

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

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

Baby boomers are holding onto their homes as they head into retirement

As the baby boomers gracefully round into their golden years, Trulia found that the already strained housing market tightens a bit further as they hold onto their homes into retirement. Defined as the population born between the years of 1945 and 1964, aging the seniors

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Want to know where home prices will be rising? Look for a new Starbucks

Neighborhood amenities can make a difference on how much buyers want a specific home, and there is one amenity that seems to have a larger impact on home values than any other – Starbucks locations. A recent study by

As Gen Z enters the housing market, here’s what agents need to know

There are already approximately 100,000 Gen Z homeowners and that number will only continue to increase. While they share some concerns with earlier generations about affordability, 83 percent of Gen Z see themselves entering the real estate market within

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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