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Harvard ‘State of Housing’ Charts Path Forward

USA Real Estate News-RISMedia - 3 hours 20 min ago

Historic. Unprecedented. Crisis. Inflection point.

These descriptors have been used so often in reference to the last couple years of real estate that they have lost much of their meaning. That does not mean, however, it is inaccurate to view the current market with that lens, as nearly every quantitative or qualitative measure seems to support the idea that there are truly unique challenges and opportunities for housing right now.

New Home Sales Unexpectedly Rise Sharply in May

USA Real Estate News-RISMedia - 3 hours 21 min ago

Sales of new single-family homes unexpectely rose sharply in May, after four consecutive months of declines.

According to a joint report from the U.S. Census Bureau and Department of Housing and Urban Development (HUD), the seasonally adjusted sales rate was 696,000, representing a 10.7% increase above the revised April rate of 629,000, but a 5.9% decrease below the May 2021 estimate of 740,000.

Key findings:

House Flipping Rates and Profits Aren’t Keeping Up With Each Other

USA Real Estate News-RISMedia - 3 hours 22 min ago

Greater frequency of sales doesn’t always bring greater profit. According to a recent report by ATTOM Data, house-flipping across the U.S. during Q1 2022 accounts for 9.6% of home sales, the highest percentage since 2000. This marks a 4.9% increase in sale volume from Q1 2021 and the fifth quarterly increase in a row. Nationwide, the gross profit on house flips during Q1 2022 was $67,000, up 5.5% from Q4 2021 but down 4.3% from Q1 2021. In addition to this decline in raw profit, profit margins from these sales dipped to their lowest point since 2009.

Are You Plugged Into Everything Impacting Your Business?

USA Real Estate News-RISMedia - 3 hours 22 min ago

WIth titanic shifts affecting nearly every aspect of real estate, getting the straight story from experienced, expert voices has never been more important.

eXp World Holdings Shareholders Elect Monica Weakley to the Board of Directors

USA Real Estate News-RISMedia - 3 hours 22 min ago

eXp World Holdings, Inc. has announced the election of Monica Weakley to the company’s board of directors, effective June 20, 2022.

“We are very excited to welcome Monica, whose strong leadership and sense of purpose and service will offer an important voice of the agent to our Board,” said Glenn Sanford, founder, CEO and Chairman of eXp World Holdings. “Monica’s advocacy for those just starting out in the industry as well as for experienced agents in need of a guiding hand is a reflection of her personal journey of sacrifice and caring for others.”

Berkshire Hathaway HomeServices Florida Network Realty Hosts Top Producers’ Party

USA Real Estate News-RISMedia - 3 hours 24 min ago

Berkshire Hathaway HomeServices Florida Network Realty recently hosted the Top Producers Party. The purpose was to celebrate the company’s award-winning REALTORSⓇ on their exceptional accomplishments throughout 2021.

The gathering was held at the premier five-star Sawgrass Country Club. The brokerage rolled out the red carpet for more than 165 REALTORSⓇ and their guests. The company’s exclusive Hollywood Glam event provided a spectacular celebration with gourmet fare, libations, and lively entertainment.

Don’t fear the content creators: Why Zillow Gone Wild isn’t bad for agents

USA Real Estate News-Inman - 6 hours 24 min ago
Content creators are turning Zillow listings into cold hard cash, often with for-sale properties as the butt of the joke. But increasingly the attention is drawing interest from young homebuyers.

Inman’s Top 5 stories of the week (June 17-22, 2022)

USA Real Estate News-Inman - 6 hours 57 min ago
Looking for a quick catch-up on the buzziest stories of the past seven days? Here's Inman Top 5, the most essential stories of the week, according to Inman readers.
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