Jason Carrier recently took over as president of CENTURY 21 New Millennium, an Alexandria, Virginia-based firm that provides service to customers in Virginia, Maryland, Washington, D.C., West Virginia and Pennsylvania. Carrier began in the real estate industry 22 years ago following in the footsteps of both his parents. He felt it was in his blood…

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On Aug. 17, 2024, a landmark settlement with the National Association of REALTORS® (NAR) changed how commissions are handled. This gives buyers more control in negotiating their fees and the potential of paying their agent’s compensation directly. As commissions shift and the market adapts, the need to demonstrate your value has never been greater. Creating…

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US house prices are forecast to rise more than 4% next year  goldmansachs.com

US house prices are forecast to rise more than 4% next year  Goldman Sachs

Canary Wharf owners’ credit rating cut deeper into ‘junk’ territory  The Guardian

Fifty-four percent of boomers who own their homes said they planned to live in them until they die, according to a new survey by Clever Real Estate.

New England city claims title of the hottest housing market in the country— for the 29th time  New York Post

Artificial Intelligence (AI) is no longer a concept of the future; it’s a tool that’s transforming industries right now, and real estate is no exception. Many agents may feel apprehensive about AI, fearing that it will replace the human touch that is so critical to success in our field. But here’s the good news, AI…

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Home purchase applications edged up for the third straight week, increasing 1.4% from last week’s increase of 1.6%, as mortgage rates hit their lowest level in six weeks and a 25-basis point interest rate cut by the Federal Reserve is likely in the offing. This week’s latest mortgage application data from the Mortgage Bankers Association’s…

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After learning that Amazon founder Jeff Bezos was behind the entity that had purchased his Indian Creek Island home at a $6 million discount, homeseller Leo Kryss was not pleased with the brokerage, which double-ended the deal.

In the new normal, open houses have once again become one of the most valuable lead sources available, team leader Carl Medford writes. Here's how to run one the right way and make the most of the opportunity it presents.

UK portal Rightmove's board of directors has unanimously rejected News Corp subsidiary REA Group's $7.32 billion acquisition bid, saying it "fundamentally undervalues" the company's current and future prospects.

NextHome has become the latest brokerage to strike a settlement agreement with seller plaintiffs in ongoing commission lawsuits, joining more than a dozen other defendants who have negotiated deals in the largest Burnett copycat case (known as Gibson) led by star trial attorney Michael Ketchmark. A judge paused all upcoming deadlines after NextHome and plaintiffs’…

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In a seemingly positive sign for consumers, inflation has now posted the lowest recent annual increase two months in a row.  Previously, in July 2024, the Consumer Price Index (CPI)—key inflation gauge assembled by the U.S. Bureau of Labor Statistics—rose only 2.9% year-over-year. In the latest CPI for August, the index rose by 2.5%, continuing…

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They’re the yangs to the high-mortgage-rate yins. The homeowners who have the 3% – 4% 30-year mortgage rates and have, over the last few years, refused to vacate, logically in most cases as they have not wanted to take on new mortgages in the 6% – 8% range. All evidence points to a rate cut…

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Outcry over plans to turn part of Dalston's Ridley Road shopping village into 'slum' flats  Evening Standard

Outcry over plans to turn part of Dalston's Ridley Road Market into 'slum' flats  Evening Standard

State of NJ - Department of the Treasury - Division of Taxation  NJ.gov

Worst Economic Crisis in US History: A Look at the Great Depression & Beyond  Norada Real Estate Investments

IPE Real Assets recognizes PATRIZIA as #1 European real estate investment manager.  Patrizia AG