The Department of Justice (DOJ) and the National Association of Realtors (NAR) has locked their horns in a legal battle this past year. In the complaint filed by the DOJ, $85 billion were paid in real estate commissions through certain practices that illegally restrained competition. It is felt that the real estate industry has gone […]
Last week, the number of home mortgage applications rose due to an increase in refinance and buying activity, even as mortgage rates fell. In early June, mortgage applications had a 3-week decline. This would be of no surprise as inventory for active listings have shown a steady decline since the same time last year. However, […]
The short-term rental industry has changed the travel industry. As a host to a short-term rental, you can diversify your investment portfolio. Platforms, like Airbnb and VRBO, has put the conventional hospitality industry on notice, if not on its heels. The experience that a short-term rental can offer its customers is unparallel to the accommodations […]
At a time when home prices are already at an all-time high, these increases are threatening housing affordability as a result of timber shortages. Out-of-control timber pricing can add millions to development costs, and developers must contribute to the cost of projects or raise prices for the next group of customers. The most likely affected customers […]
With investors and first-time home buyers unable to buy homes, the US housing market will not withstand the wave of foreclosures, according to a new report by a technology-based real estate broker. In the Eastern District court, corporations are filing for bankruptcy, despite billions of dollars in federal aid, and small businesses closing their doors. […]
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