WASHINGTON (May 18, 2023) – Existing-home sales decreased in April, according to the National Association of REALTORS®. All four major US regions registered month-over-month and year-over-year sales declines. Total existing-home sales1 – completed transactions that include single-family homes, townhomes, condominiums and co-ops – a 3.4% slide from March to a seasonally adjusted annual rate of…
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Is Real Estate a Good Investment in 2023?
It’s no secret that investing in real estate is an excellent way to build long-term wealth as property prices tend to increase over time. But given the current economic conditions, it’s natural to have second thoughts about whether real estate is still a good investment this year. Historically, the housing market has been one of…
Why Location Matters Now More Than Ever
The longtime mantra of the real estate market, “location, location, location,” may never have been so true. During the COVID-19 pandemic, a national frenzy seemed to permeate the housing market as buyers spent previously unimaginable sums on homes just about everywhere. The real estate market was fairly monolithic as the number of available homes dried…
Are realtors still relevant? Where house hunting stands now – National
This article is part of Global News’s Home School series, which gives Canadians the basics they need to know about the housing market that they have never learned in school. Buying your first home can be an overwhelming experience, between finding properties, making a bid and negotiating the final deal. Luckily, there are professionals to…
Scott Baio’s family living in Florida after bailing on Hollywood
Scott Baio and his wife Renee have moved their family to Florida. The “Charles in Charge” actor announced last week his family has decided to leave Los Angeles after 45 years in California, citing the problem of homelessness. On Tuesday, he retweeted his own tweet from April 20 that said, “Living our best life in…
Passive Real Estate Investing: How to Minimize Risk in 5 Simple Steps
RISK. We are all too familiar with this four-letter word that strikes fear into the hearts of many investors. But, when it comes to passive real estate investing, it’s essential to find ways to minimize it. When you invest, the goal is to create income to see your assets grow. But of course, it’s impossible…
Realtors defend homebuyers over Biden’s ‘unnecessary’ mortgage rule: ‘Not the time for fee increases’
Pennsylvania Treasurer Stacy Garrity provides insight into President Biden’s new mortgage rule to subsidize risky loans. America’s largest trade association is sticking up for homebuyers after the Biden administration enacted new rules that will force borrowers with good credit to subsidize risky mortgages. In a letter obtained by Fox News Digital to the Federal Housing…
‘Salt in the wound’: Realtor, demolition company apologizes for social media posts
A Woodstock, Ont., Realtor and an Oxford County excavation company have issued a joint apology after posting Instagram images, from the site of a building demolition, that appeared to mock residents who were fighting to save Elgin Hall. The photos were posted on the Instagram accounts for Oxford Evacuation on Monday while Elgin Hall was…
Kudos: Richmond realtor pledge $100K to Richmond Hospital
Donations to help with the development of a new emergency department and medical imaging centre. Richmond realtor Walloce Sohl has pledged $100,000 over a five-year period to benefit the new acute care tower at Richmond Hospital. Sohl was introduced to the Richmond Hospital Foundation in 2018 and became an early donor to the ACT NOW…
Montana realtor finds cigarette-smoking squatter during virtual showing
A Montana realtor got the scare of her life last week when she stumbled across a squatter smoking a cigarette during a virtual home showing. Alyssa Webb, a real estate agent in Billings, was recording a home tour for prospective out-of-state buyers Saturday when she walked into a room off the garage and found a…