Last week, The Wall Street Journal published a detailed report on the current state of housing in the US, noting that existing home sales rose by just 0.6% in April, compared to the month before. This statistic seems unremarkable, yet it understates just how solid things are looking at the moment.
Will “Millenials” Change the Landscape of US Real Estate?
A new survey by the Urban Land Institute (ULI) suggests that Americans aged between 18 and 34 – otherwise known as ‘Millenials’ or ‘Generation Y’ – could become a “game changer” in the future of US real estate. As such, real estate professionals are being advised to take careful note of this demographics’ preferences when it comes to buying a home.
Housing Scorecard Shows We’re On The Right Track
Despite the obvious gradual improvements seen in housing markets across the US, the overall recovery remains extremely “fragile”, according to a new report. The April Housing Scorecard notes some significant progress in the main indicators of the real estate market, but warns that there is still much to be done.
Five Worst Housing Markets of 2013
We’ve already taken a look at the most promising markets going into 2013, where it’s clearly apparent that Texas is well on the road to recover, but sadly we can’t say the same about every city in the US.
Blue Asset Management LLC Offering Mortgages for Sale in Hudson County New Jersey
Blue Asset Management LLC, an investor and sub-servicer of commercial mortgages recently announced they are offering for sale a pool of first mortgage loans collateralized by properties valued in excess of $6 million and located in Hudson County.
Re/Max Announces Two New Offices in Baltimore City, MD
Re/Max Mid-Atlantic Region recently announced that Re/Max Preferred and its two offices located in Sells Point and Federal Hill are coming soon. Re/Max Experts and Obsidian Realty are merging to create Re/Max Preferred which will service the greater Baltimore metropolitan area with two popular harbor locations.
Realty Trac Releases its Q2 Foreclosure Sales Report
Realty Trac recently released its sales reports for foreclosures in the US during the second quarter of the year. This report shows sales of homes in some stage of foreclosure, or which were owned by the bank accounted for 23% of all residential sales during the second quarter, slightly up from 22% during the first quarter
Virginia Realtor Earns Broker License and Coldwell Banker Previews Designation
Elaine VonCannon is now an associate broker for Coldwell Banker Traditions in Williamsburg, Virginia. She recently obtained her broker license from the Virginia Department of Professional and Occupational Regulation after successfully completing several educational modules including Virginia Real Estate Law and Appraisal.
Three Re/Max Offices in Chicago Win Awards at Annual Ceremony
Three Re/Max Offices in Chicago, Re/Max City, Re/Max Signature and Re/Max Premier Properties, took home some of the most prestigious awards during the annual Re/Max Northern Illinois award ceremony held in late April.
Tim Binning Wins Broker/Owner of the Year Honor from Re/Max
Tim Binning, broker and owner of Re/Max All Pro in Bloomingdale and Sugar Grove, Illinois, and Re/Max Great American North in St Charles, Illinois, has just been awarded one of the top honors presented by the Re/Max Northern Illinois real estate network. He was named Broker/Owner of the Year, Multi-Office at the networks annual awards event last April.