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Prices are softening. But don’t expect that to last, economist says

USA Real Estate News-Inman - Fri, 2022-05-27 14:51
Affordability challenges mean some sellers are reducing asking prices, but demand for homes continues to outpace supply.

Hauling Houses and Buying the Block: Outside-the-Box Ideas in Housing

USA Real Estate News-RISMedia - Fri, 2022-05-27 14:03

Editor’s Note: This is the first part in a three-part series on local innovations focused on affordability and community development.

U.S. Senate Confirm Sandra Thompson as Permanent FHFA Director

USA Real Estate News-RISMedia - Fri, 2022-05-27 14:02

Nearly a year after assuming interim leadership of the Federal Housing Finance Agency (FHFA), Sandra Thompson has been named the agency’s permanent director.

On Wednesday, the U.S. Senate confirmed Thompson as FHFA director by a 49-46 vote.

Opportunity Zones Stay Abreast of Market

USA Real Estate News-RISMedia - Fri, 2022-05-27 14:01

So-called “opportunity zones,” identified in the 2017 tax cuts passed under the Trump administration as areas in need of economic redevelopment, have seen significant growth in home prices this year, largely keeping up with broader market trends even with rising mortgage rates, according to an analysis by ATTOM Data Solutions.

Median single-family home and condo prices rose from the fourth quarter of 2021 to the first quarter of 2022 in 55% of opportunity zones around the country, the report found, even as the pace of increases slowed compared to last year.

Intelligent Tech is the Key to Building Your Brand

USA Real Estate News-RISMedia - Fri, 2022-05-27 14:00

With more than 20 years’ experience in the real estate industry, I have managed luxury brands and helped agents develop their personal brands. It is a delicate art. Each agent must create their individual style that incorporates their unique personality, communication approach and relationship skills. But the most successful agents all share a common trait: they are prepared with proficient market knowledge that inspires trust and confidence with their clients.

‘Sellers are starting to freak out:’ Redfin CEO sees market slowdown

USA Real Estate News-Inman - Fri, 2022-05-27 11:28
During his latest CNBC appearance, Redfin CEO Glenn Kelman said rising mortgage rates, softening home price growth and changing buyer attitudes are all signs of an impending shift.

Epstein islands drop asking price by $15M; allow for separate sale

USA Real Estate News-Inman - Fri, 2022-05-27 11:09
A pair of Carribean islands once owned by late financier and convicted sex offender Jeffrey Epstein that initially asked $125 million as a pair are now asking $55 million each.
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