existing home sales

Put Your Boxing Gloves On If You’re Heading To These Markets

Today’s News Synopsis: Bidding wars are spring up in some surprising places.  The National Association of Realtors reported a 1.1% increase in existing-home sales last March.  Luxury developers could benefit from a new tax break that poorer neighborhoods are about to receive. In The News: Realtor.com – “Housing Knife Fights!  10 Surprising Cities Where Bidding …

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Nesterly Is Using Multigenerational Living To Solve Housing Issues

Today’s News Synopsis: Looks like there’s a new platform that pairs senior homeowners with students.  The National Association of Realtors reported a 2% increase in existing-home sales in October.  The NAHB reported a 10 point drop in the Multifamily Production Index, putting it at 46 in the third quarter of 2017. In The News: NAHB – …

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Cryptocurrency Used to Buy House in Austin, Texas

Today’s News Synopsis: First home purchase entirely by Bitcoin occurred this week in Texas.  The National Association of Realtors reported a 1.7% decrease in existing-home sales last month.  Mortgage applications decreased 9.7% in the wake of the hurricanes and increased rates. In The News: National Association of Realtors – “Existing-Home Sales Subside 1.7 Percent in August” …

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The Impact On Buying and Selling When Kids Are Involved

Today’s News Synopsis: What does it mean when “you’re moving with kids.”  The National Association of Realtors reported a 1.3% decrease in existing-home sales last month.  A judge in Illinois ruled in favor of keeping Zillow’s zestimates after homeowners tried to sue to have it taken away. In The News: National Association – “Existing-Home Sales Slide …

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Freddie Mac is Following Fannie Mae Into The Rental Market

Today’s News Synopsis: Freddie Mac wants to provide tens of millions of dollars in financing to mid-size landlords and Non-Profits.  The National Association of Realtors reported a 1.8% decrease in existing-home sales for the month of June.  LA is on top for the number of investment sales after Manhattan’s dropped 55%. In The News: New York …

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Zillow Holds Contest For Best Improvement to their Zestimates Algorithm

Today’s News Synopsis: Black Knight Financial Services released their Mortgage Data Report for April 2017, which showed a 13% increase in mortgage delinquencies and foreclosures at their lowest in ten years.  Existing home sales decreased 2.3% in April, while pending home sales 5.9% month-over-month and 7.4% year-over-year.  Zillow is holding a contest for data scientists …

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