Browse Tag

housing market

Existing-home sales jump 4.3% in October

7 mins read

The FINANCIAL — Existing-home sales continued to trend upward in October, marking five consecutive months of month-over-month gains, according to the National Association of Realtors®. All four major regions reported both month-over-month and year-over-year growth, with the Midwest experiencing the greatest monthly increases. Total existing-home sales completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 4.3% from September to a seasonally-adjusted annual rate of 6.85 million in October. Overall, sales rose year-over-year, up 26.6% from a year ago (5.41 million in October 2019). “Considering that we remain in a period of stubbornly high unemployment relative to pre-pandemic levels, the…

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Existing-home sales jump 4.3% in October

7 mins read

The FINANCIAL — Existing-home sales continued to trend upward in October, marking five consecutive months of month-over-month gains, according to the National Association of Realtors®. All four major regions reported both month-over-month and year-over-year growth, with the Midwest experiencing the greatest monthly increases. Total existing-home sales completed transactions that include single-family homes, townhomes, condominiums and co-ops,…

Gen Z renters moving out and moving up

6 mins read

The FINANCIAL — Rental concessions, such as a free month’s rent, appear to be luring Gen Z out of their parents’ basements and back into the rental market. New Zillow research finds more Gen Z adults, ages 18 to 25, who had been living with family or friends say they’re now renting, and most say they got…

More real estate sales coming to DC

6 mins read

The FINANCIAL — The presidential election is over. Major media on all sides of the political spectrum agree that Joe Biden and Kamala Harris have won. No doubt there will be skirmishes ahead, but like Yorktown and Appomattox it’s time to move on. “Whatever else they do, elections spur a lot of economic activity,” said…

NAR partners with Buffini & Company to offer new educational program for new real estate agents

4 mins read

The FINANCIAL — A new educational resource for real estate agents developed by North America’s largest training and coaching firm, Buffini & Company, was unveiled at the kickoff event of the 2020 REALTORS® Conference & Expo on Monday. Standing alongside National Association of Realtors® CEO Bob Goldberg, Buffini & Company’s Founder & Chairman Brian Buffini introduced the…

JLL names EMEA CEO – Guy Grainger as Global Head of Sustainability Services & ESG

3 mins read

The FINANCIAL — JLL announced that its EMEA CEO Guy Grainger will move into a new role as Global Head of Sustainability Services & ESG with effect from January 1, 2021. The new senior role reflects the company’s ongoing strategic focus on expanding its already substantial sustainability services capabilities. Grainger’s successor as EMEA CEO will…

Persistent buyer demand is making homes sell above list price

8 mins read

The FINANCIAL — In more evidence that persistent buyer demand is pushing a strong housing market deeper into the year than usual, a new Zillow® analysis finds the share of homes sold above list continues to rise, blowing past the typical mid-summer peak. That is great news for prospective sellers who want to maximize their return from…

JLL maintains ranking as a Top 10 UK employer for social mobility

2 mins read

The FINANCIAL — JLL has once again been recognised as one of the UK’s employers who has the most commitment to improving social mobility within the UK. The property firm maintains its Top 10 employer position in the Social Mobility Employer Index 2020 for the second year running. With the COVID-19 pandemic having a negative impact on social…

Intense buyer demand continues to drive hot housing market

4 mins read

The FINANCIAL — Intense and persistent buyer demand is keeping the time on market for houses at incredible lows and pushing prices ever higher above 2019, according to Zillow’s Weekly Market Report. Sales remain high above last year and are expected to stay robust in the coming months. Time on market still short as pending sales…

NAR provided raw count of home sales during the pandemic

4 mins read

The FINANCIAL — According to the latest release, existing-home sales rose 21% in September from one year earlier while new home sales rose 32%. These headline figures are seasonally adjusted and are reported in the news. To assess the overall trending direction of the economy, nearly all economic data – from GDP and employment to…

Barbara Cominelli named as CEO of JLL Italy

3 mins read

The FINANCIAL — JLL (NYSE: JLL) has appointed Barbara Cominelli as new CEO of Italy with effect from December 4, 2020. In her new role, Cominelli will lead and strengthen JLL’s position as a leader in technology and data within the real estate sector. As Chairman of the Board – Senior Advisor, Pierre Marin will…

Freddie Mac Issues 2021 Debt Funding Calendar

1 min read

The FINANCE — Freddie Mac (OTCQB: FMCC) issued its 2021 funding calendar, which provides optional announcement dates for Reference Notes® securities and announcement dates for Reference Bills® securities. The 2021 funding calendar is available on the Debt Securities Auction.  Reference Notes issuances and Reference Bills auctions may vary in size and frequency based on the company’s funding needs…

Housing market shows signs of seasonal cooling even as historic demand continues

6 mins read

The FINANCIAL – The housing market is showing signs of seasonal cooling after a scorching hot summer sales season that stretched uncharacteristically far into fall, according to Zillow’s Weekly Market Report1. A nearly six-month acceleration of year-over-year list price increases stabilized this week at 11.7% above 2019. Buyers are quickly buying up what few homes are…

Coronavirus is manipulating the housing inventory crisis in unpredictable ways

6 mins read

The FINANCIAL — A historic inventory crisis is driving up home prices to new highs, but understanding why would-be sellers are sitting on the sideline had been guesswork. Now a new Zillow survey[i] is shedding light on how the pandemic is influencing homeowners who are considering selling in the next three years, and the reasons why they’re staying put. …

Mortgage rates continue to fall historic low

2 mins read

The FINANCIAL — Freddie Mac (OTCQB: FMCC) released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.80 percent, the lowest rate in our survey’s history which dates back to 1971. “Mortgage rates remain very low, providing homeowners who have not already taken advantage of this environment ample opportunity to do…

How to score your dream house

11 mins read

The FINANCIAL — Home shoppers wanting to buy right now might be reading headlines about the housing market that are scaring them away — low inventory, high prices, homes selling at an extremely fast pace across all price ranges. But near-record low mortgage rates are creating a huge opportunity for buyers to get more for their money,…