RealtyBizNews: Real Estate News

Lumber prices hit another record high last week, with the price having risen now by more than 170% in the last 10 months, according to a report by the National Association of Home Builders. That’s bad news for buyers, as home builders have responded by increasing the prices of new homes. The soaring cost of… [Continue Reading]

Home buyers in the U.S. are facing increasingly fierce bidding wars, but even as prices rise and competition heats up, they’re not giving in. A new survey by the National Association of Home Builders last week found that around 40% of prospective home buyers have been unable to purchase one because they keep getting outbid,… [Continue Reading]

Real estate brokers, associations and business executives are divided over whether they should require their employees to be vaccinated against COVID-19 before returning to work, according to a survey by the business and technology consultancy West Monroe. The survey, conducted in January, revealed that 51% of C-level commercial executives have said they’ll require workers to… [Continue Reading]

Home buyers across the U.S. are finding themselves in bidding wars due to a reduced supply of homes on the market, and some are resorting to desperate measures to ensure their bids are accepted. But sometimes they take things too far, professionals say. An article in the Wall Street Journal recounts the story of Mary… [Continue Reading]

A Chicago-based real estate brokerage has severed ties with one of its agents after she took part in Wednesday riot at the U.S. Capitol The brokerage, @properties, said it took action against Libby Andrews (pictured) after she posted on social media about her presence at the riot on Wednesday. Andrews later said she did not… [Continue Reading]