Real Estate News

    State of the Market: Brokers Prepare for ‘Second Wave’

    This month’s National Association of REALTORS® (NAR) Power Broker Roundtable discusses the state of the market and how brokers are preparing for another boost in activity this fall. Moderator: Cindy Ariosa, Senior Vice President, Regional Manager, Long & Foster Real Estate, Chantilly, Virginia, Special Liaison for Large Firm and Industry Relations, NAR   Panelists: Neil […]

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    Dottie Herman Steps Down as CEO of Douglas Elliman

    New York and the surrounding areas have experienced a shift in executive leadership for a prominent brokerage brand, Douglas Elliman. Dottie Herman stepped down as CEO of the company, with Scott Durkin, the brokerage’s president and chief marketing officer, taking on the role effective immediately. “It is a thrill to pass the CEO title to […]

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    June Home Values Reach 40-Year High

    While price growth is beginning to slow down as we enter the end of summer, June home values reached record levels, even hitting a 40-year high, according to the latest CoreLogic Home Price Index report. The findings: – U.S. home prices increased 17.2% YoY in June 2021. – Month-over-month, home prices increased by 2.3% compared […]

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    Forbearance Rates Mark Slight Decrease, But Improvement Still Needed

    Forbearance rates decreased by 1 basis point to 3.47% as of July 25, 2021, according to the Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey. The MBA estimates 1.74 million homeowners are currently in forbearance plans. The share of Fannie and Freddie loans in forbearance decreased 2 basis points to 1.79%. Ginnie Mae […]

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    Unnecessary GSE Limits Impede First-Time and Underserved Buyers

    In 2008, Fannie Mae and Freddie Mac (the GSEs) were put under “conservatorship,” or control of the federal government. The significant deterioration in the housing markets leading up to the 2007 – 2008 global financial crisis damaged each GSE’s financial condition and left them unable to fulfill their missions without government intervention. Since that time, […]

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    FHFA Names Phyllis K. Fong Acting FHFA Inspector General

    The Federal Housing Finance Agency (FHFA) named Phyllis K. Fong acting inspector general (IG). Fong will continue to serve as the IG for the U.S. Department of Agriculture (USDA) while she serves as the acting FHFA IG. As IG, Fong will be the senior official in the Office of Inspector General (OIG) responsible for audits, […]

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    Help Your Agents Power Through Today’s Homebuyer Battles

    In case you just woke up from a long, long sleep, today’s housing market is extremely competitive for homebuyers. How are your buyer’s agents doing? Do you have the tools to help them succeed? To help managing brokers support their buyer’s agents in these challenging times, I would like to share a few insights we […]

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    Assistance Against Eviction Still Available: Housing Agencies Release Joint Statement

    Federal regulations protecting tenants and homeowners from evictions and foreclosures have lifted, expiring on July 31. However, several housing agencies, including the U.S. Department of Agriculture (USDA), U.S. Department of Housing and Urban Development (HUD), U.S. Department of Veterans Affairs (VA) and Federal Housing Finance Agency (FHFA), have extended their foreclosure-related eviction moratoria until Sept. […]

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    ASA ‘Disappointed’ in Appraisal Exclusion During HUD Event

    The American Society of Appraisers (ASA) has expressed its disappointment in the exclusion of appraisals professionals during the Department of Housing and Urban Development’s (HUD) latest event on bias surrounding the home valuation process. “This marks the second event of its kind that has excluded appraisers or their representatives from these important conversations. On June […]

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    Cover Story: Berkshire Hathaway HomeServices on What it Means to Be Invaluable

    When Gino Blefari, the CEO of HomeServices of America and chairman of Berkshire Hathaway HomeServices, selected Christy Budnick to serve as CEO of the global Berkshire Hathaway HomeServices franchise network, his decision was based upon her exceptional skills, brokerage experience, industry-wide respect and demonstrable and remarkable leadership. Not lost on Blefari, however, was something that […]

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