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Op-Ed: Small Businesses, Cooperation Bolster Real Estate Market by Maintaining Affordability, Equity

8 hours 4 min ago

As more than 31 million small businesses across the country were recognized during National Small Business Week, it’s a good time to look at how small, local operations drive so much of the economy and search for ways to continue to level the playing field for them and for consumers. When it comes to “buying local,” small businesses could not be more front and center than when it comes to purchasing a home. In fact, of the 1.5 million REALTORS® across the country, more than 1.3 million are small businesses like me who are focused on our local communities.

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Freddie Mac Report Highlights Apparent Racial Bias in Appraisals

8 hours 6 min ago

Housing discrimination and racial bias have taken many forms over the years, from the explicit government-sponsored policy of redlining (refusing to insure mortgages in predominately Black neighborhoods) to the continued practices of steering (real estate agents pushing Black homebuyers away from white neighborhoods).

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Multifamily Activity Bolsters Housing Starts, but Single-Family Production Low

8 hours 6 min ago

Strong multifamily activity pushed overall housing starts up in August but single-family starts have dipped in response to continued supply chain and labor challenges. Total starts increased 3.9% to a seasonally adjusted annual rate of 1.62 million units, according to the latest data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

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New-Home Mortgage Applications for Purchases Down in August

8 hours 8 min ago

Mortgage applications for new-home purchases decreased 17% compared to last year, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for August 2021. Compared to July 2021, applications increased by 9%. This change does not include any adjustment for typical seasonal patterns.

The details:

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NAR Partnering With RRC for REALTOR Benefits® Program

8 hours 9 min ago

The National Association of REALTOR® (NAR) announced the launch of a new resource being made available to its members nationwide through the REALTOR Benefits® Program. The offering, Residential Real Estate Council’s Broker Solutions, was developed to ensure residential real estate brokerages with fewer than 150 agents are able to provide service and support to their agents comparable to what is typically offered by larger entities.

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Compass scores high-performing Miami team from BHHS

9 hours 36 min ago

The Nancy Batchelor Team at Berkshire Hathaway HomeServices is one of the top-performing medium-sized teams in Florida. It includes Batchelor herself and nine other agents.

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‘I’ve never seen anything like this’: Bidding wars hit the rental market

9 hours 38 min ago

The for-sale market finally seems to be cooling down, but the rental market is becoming fiery-hot in housing markets across the country.

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