Now that earnings are in for the big box brokerages, the anticipated revenue decline is clear. But does it tell the whole story?
Conflicts of interest spoil your integrity
Today, conflicts of interest make top headline news daily and fuel the wrath of the DOJ and FTC. Greed is at the root of carelessly mixing business lines, which is why Brad Inman says separating ownership is often necessary to avoid conflicts.
U.S. Pending Home Sales Drop for Fifth Straight Month in October
SAUL LOEB/AFP via Getty Images
The numbers: U.S. pending home sales fell 4.6% in October, the fifth straight monthly decline, the National Association of Realtors said Wednesday.
Economists polled by the Wall Street Journal expected pending home sales to fall 5.5%.
The index captures transactions where a contract has been signed, but the home sale has not yet closed.
Key details: On a year-on-year basis, pending home sales were down a sharp 37%.
Christie’s International Real Estate launches Caribbean network
Christie's International Real Estate Caribbean Affiliates will serve as a "network within a network," establishing a central source for listings, market data, marketing and cooperation among the separate Christie's International Real Estate affiliates in the Caribbean.
Bryan Harsin Selling $3M Alabama Mansion After His Ouster as Auburn Coach
A 9-12 record doesn’t exactly excite the football fans and big-money boosters at Auburn University. This is why head coach Bryan Harsin was given his walking papers last month. Next on his to-do list? Selling his Auburn, AL, home for $2,950,000 and leaving the SEC after just a couple of years.
With four bedrooms, 4.5 baths, 5,100 square feet of interior space, and a 5-acre lot, this well-appointed home is the priciest place on the market in the college town.
Classic style and interior details will no doubt appeal to a host of buyers—and perhaps the team’s new coach.
A free-flowing dining and living room feels spacious and welcoming at the same time. The stunning kitchen sports a massive island with seating for four as well as top-of-the-line appliances, including a cooktop with multiple burners and a griddle in the middle.
For Sale in Chile: A Modern Mediterranean Villa for $2.5 Million
After a robust recovery in 2021, Chile’s volatile housing market is sagging again as 2022 comes to a close, leading to gloomy forecasts.
Purchase mortgage demand up 4th week in a row as rates fall
Without adjustment for seasonal factors, demand for both purchase loans and refinancing remains at their lowest levels since 2000, according to an MBA lender survey.
$750,000 Homes in Pennsylvania, Arizona and North Carolina
A Colonial Revival house in Villanova, a Spanish-style home in Phoenix and an Edwardian house in Wilmington.
$750,000 Homes in Pennsylvania, Arizona and North Carolina
A Colonial Revival house in Villanova, a Spanish-style home in Phoenix and an Edwardian house in Wilmington.
Extremely On-Trend: 5 Popular Decor Looks Inside This HGTV Star’s House for Sale
Kim Wolfe, host of HGTV’s “Why the Heck Did I Buy This House,” knows a thing or two about rehabbing a less-than-pretty property for buyers who fear they’ve picked up a lemon.
So it makes sense that she took her well-earned interior design and construction experience and applied it to her home in Olmos Park, TX. Wolfe and her husband, Bryan, purchased the four-bedroom, 3.5-bath fixer-upper in 2021 for $550,000.
Now, the impeccably updated property is for sale, and there’s already a buyer. But if the deal falls through, it can be yours for the tidy sum of $1,250,000.
Built in 1937, this home has good bones.Realtor.com
2023: The Year of the Homebuyer? Our Bold Predictions on Home Prices, Mortgage Rates, and More
Photo-Illustration by Realtor.com / Getty Images (4)
It’s safe to say we’ve never encountered a housing market nearly as unpredictable as the one we’re in right now. After months of navigating wild fluctuations, homebuyers, sellers, owners, and renters are now desperately trying to read the tea leaves to figure out where real estate prices, inventories, sales, and mortgage rates are going in the coming year.
And just in time, Realtor.com® is here to help them all figure it out with our annual housing forecast.
The bottom line: Homebuyers and renters hoping for some financial relief in 2023 will likely be disappointed. But they won’t get whiplash either. The dramatic swings and wild gyrations in the housing market are expected to taper off as the real estate ecosystem continues to slow.
While the Realtor.com 2023 forecast anticipates home and rental prices will keep climbing next year, the increases will be much more modest than the huge surges seen earlier this year. Mortgage interest rates, which have become the bane of many first-time and other buyers who can’t pay all in cash, will remain high. But they aren’t expected to substantially rise again.
What are you wishing for this holiday season? Pulse
This is the time of year when we're primed to start thinking about the future. That's why we want to know: What are you wishing for this holiday season?
71% of consumers expect personalized service. Here’s how to deliver
Real estate marketing needs to be as personalized as possible for agents to best prepare for the market ahead, and its eventual rebound.
Healing the home: How some real estate pros are turning to feng shui in an uncertain market
No bites on that multimillion dollar home? It may be the vibes. Find out how Dr. and Master Zhi Gang Sha creates feng shui fixes for luxury listings.
These tech tools will upgrade your open house, from check-in to closing
When you peel back the industry stigma of open houses, you'll find the only people who really complain about them are those who should be championing them — real estate agents.
Is your real estate website up to snuff? 5 can’t-miss essentials
Want to create an online presence but not sure where to start? Coach Darryl Davis offers the nuts-and-bolts elements that help you build an effective digital footprint from the ground up.
NAR venture capital arm launches tech accelerator in Latin America
The launch marks the first time the accelerator, REACH, will accept applications from companies in a non-primarily English-speaking region. Real estate startups can apply through February, and the application is also available in Spanish by request.
How Old Is This Mysterious Home in New Mexico? Does It Date to the 1700s?
Offers came in quickly for a home with centuries of history in Santa Fe, NM.
Property records show two dwellings on the land date to at least 1848. Unofficial records reveal that a structure sat on the one-third-acre parcel even earlier. The property listing indicates the original dwelling was built in 1786—more than 125 years before New Mexico became a state.
“We’re a very old city, and many of the properties go back that far,” explains listing agent Clara Dougherty, of Dougherty Real Estate. “It may have just been one or two rooms, but it is very typical of Spanish colonial homes—they add on to them. If you have another child or need another room, you go ahead and add another room.”
ExteriorRealtor.com
Not a Pretty Sight: 8 Reasons To Fall in Love With Your Ugly Home (Really!)
Your home might not be a contestant on the “Ugliest House in America,” but do you have a sinking feeling it could still compete strongly on the HGTV show?
Alas, some homes are downright ugly—inside and/or out. Yet, there are often plenty of silver linings to even the unseemliest spaces, and we’re here to remind you of them all!
So don’t beat yourself up just because your dwelling isn’t the pristine palace you always dreamed you’d have! Instead, check out some of the smart reasons to love (or at least appreciate) your homely home.
1. You’re saving money, honey
Owning an ugly home means it was probably more affordable than its lovelier cousins. Your mortgage is likely smaller, too.
What Is Chintz? A Flowery History of ‘Chintzy’ Decor and Why It’s So Hot Today
Chintz, a textile featuring flowery patterns on curtains, couches, and wallpaper, was all the rage in the 1980s. Since then, it’s fallen from grace, hard. In fact, after its long history of ins and outs in fashion, the word “chintzy” has become synonymous with decor that’s considered gaudy or cheap.
But as trends tend to do, the pendulum has swung back. Chintz is coming back strong, baby!
So don’t knock chintz until you’ve taken a good look: Here’s a brief history of this bright, attention-grabbing fabric and the fresh new ways it’s being used in modern-day home decor.
A brief history
Based on the Hindi word for “spotted,” chintz originated as calico cottons in 17th-century India. “It began as quilts and curtains [there], then later spread throughout Europe,” says Amanda Evans, an interior designer and home stager based in Salt Lake City, UT.