Inman Acquired: Real Estate News Now Backed by PE Money
Beringer Capital, a Toronto-based private equity firm that specializes in media, technology and marketing services, has acquired Inman Group. Beringer states it will “contribute input” for the news organization’s day-to-day strategy, as well as investment capital. A Beringer press release states the firm will be investing “significantly” in additional growth opportunities across Inman’s operations. Chief […]
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No Market Cooldown, Says MoxiWorks
June experienced a record-breaking 636K homes sold across the U.S., marking a 24% YoY increase. MoxiWorks recently released their Home Sales Predictor, forecasting that this trend won’t end any time soon, going against other industry predictions that we are entering a longer cool down period. MoxiWorks predicts… – July will experience a brief slowdown (aligning […]
Regional Spotlight: Texas Home Sales Reach Record High
Texas home sales reached a new high of 114,772 homes sold in the second quarter of 2021, an increase of 24.7% from the second quarter a year ago, according to the 2021-Q2 “Texas Quarterly Housing Report” released today by Texas REALTORS®. “Texas is in the middle of a record-breaking summer selling season with unprecedented demand for housing,” said Marvin […]
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Existing-Home Sales: U.S. Foreign Investment Hits Decade’s Lowest Level
Foreign buyers purchased $54.4 billion worth of U.S. existing homes from April 2020 through March 2021, according to a new report from the National Association of REALTORS® (NAR). This is a 27% decrease YoY—the fourth consecutive annual decline. The data is based on NAR’s 2021 Profile of International Transactions in U.S. Residential Real Estate, which […]
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June Showings Slowed as Market Normalizes
June marked a monthly slowdown period for showings, according to the latest data from ShowingTime, a showing service recently acquired by Zillow. However, in the first few days a listing was put on the market, the service experienced a flurry of activity. According to the ShowingTime Showing Index®, 64 markets still averaged double-digit showings per […]
Tackling the Industry’s Weakness: Converting Leads Into Sales
Real Estate Webmasters offers brokers some of the best lead generation and SEO advice in real estate, and the company continues to raise the bar when it comes to helping its customers. “We’re almost 20 years in this business, 17 as Real Estate Webmasters, and we’re the largest custom agency in the world when it […]
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White House Launches Coronavirus Mortgage Relief Programs
Homeowners financially impacted by the pandemic now have several new options for mortgage relief, helping them get current and allowing them to stay in their home, according to the White House. “Immediately upon taking office, President Biden prioritized the nation’s public health and economic crises by passing the American Rescue Plan,” said HUD Marcia L. […]
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WalletHub: Sioux Falls Ranks as Best City for Renters
Rising rent prices have not made the alternative to buying very accessible. In fact, according to recent data, there is nowhere in the U.S. where a minimum-wage worker can afford a two-bedroom apartment at the fair market value. A new report from WalletHub, however, makes it easier to determine the most affordable cities for renters. […]
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Should You Get Rid of PMI?
You were likely able to snag a house with a lower down payment than the traditional 20% required, but that may have left you with private mortgage insurance (PMI). This type of insurance is designed to protect your mortgage lender in case you default on the loan. Typically, a homeowner who must purchase PMI is […]
‘Upzoning’ in My Backyard? California Bill Won’t Turbocharge Home Building, Study Says
(TNS)—A bill advancing through the California Legislature to allow for denser home building in single-family zones would be likely to produce an uptick in the state’s housing supply, but the so-called upzoning probably won’t cause mass redevelopment, according to a report published Wednesday. The study by the Terner Center for Housing Innovation at UC Berkeley […]
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