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Single-Family Housing Contraction Continues in October
Elevated mortgage rates, high construction costs for concrete and other building materials and weakening demand stemming from deteriorating affordability conditions continue to act as a drag on single-family housing production.
Columbia REALTOR® Morris Lyles named South Carolina REALTOR® of the Year
South Carolina REALTOR® (SCR) member and Columbia Realtor® with ERA Wilder, Morris Lyles, has been named the association's 2022 REALTOR® of the Year. The announcement was made during the association's Awards Gala and Installation of Officers event at Junction 800 in Columbia.
Garden City Realtor® Drew Streett receives SC REALTORS® Distinguished Service Award
South Carolina REALTORS® (SCR) has awarded its Distinguished Service Award to Drew Streett, Realtor® at Garden City Realty in Myrtle Beach. The award was given at the association's Awards Gala & Installation of Officers event at Junction 800 in Columbia
US Treasury’s Community Development Financial Institutions (CDFI) Fund Awards $45M in New Markets Tax...
On October 28, U.S. Assistant Secretary of the Treasury for Financial Institutions Graham Steele and Community Development Financial Institutions (CDFI) Fund Director Jodie Harris announced winning allocatees in the 2021 New Markets Tax Credit (NMTC) competition.
Institute for Building Safety and Technology releases report on Equitable Climate Resilience for Local...
Report provides findings from two-year study funded by the Kresge Foundation on how cities can better address social
Biden- Harris Administration Launches $80 Million Program for Energy Upgrades in Public Schools
Applications Open for K-12 Public Schools to Apply for Bipartisan Infrastructure Law Funding for Energy Improvements, Lowering Utility Costs and Fostering Healthier Learning Environments
Federal Support for Hurricane Ian Exceeds $3 Billion
More than $3 billion in federal grants, disaster loans and flood insurance payments has been provided to the state of Florida and to households after Hurricane Ian to help survivors jumpstart
Senior Home Equity Exceeds Record $11.58 Trillion
Homeowners 62 and older saw their housing wealth grow by 4.10 percent or $456 billion in the second quarter to a record $11.58 trillion from Q1 2022, according to the latest quarterly release of the NRMLA/RiskSpan Reverse Mortgage Market Index.
Existing-Home Sales Slumped 5.9% in October
Existing-home sales retreated for the ninth straight month in October, according to the National Association of REALTORS®. All four major U.S. regions registered month-over-month and year-over-year declines.
NAREB 2022 STATE OF HOUSING IN BLACK AMERICA REPORT CITES BARRIERS TO BLACK HOME...
As the nation struggles to dismantle the institutional racism that has undermined wealth generation in Black families, the National Association of Real Estate Brokers (NAREB) today released its 2022 State of Housing in Black America (SHIBA) Report. It provides a comprehensive analysis of Black homeownership and the historic barriers Blacks face when seeking to purchase a home and gaining wealth.
Mortgage Application Payments Rise 3.7 Percent to $2,012 in October
Homebuyer affordability continued its downward trajectory in October, as the national median payment applied for by applicants increased 3.7 percent to $2,012 from $1,941 in September
The National Fair Housing Alliance and Advocates Urge the Federal Housing Finance Agency to...
The National Fair Housing Alliance® (“NFHA™”) and allied advocacy organizations have submitted a comment letter to the Federal Housing Finance Agency (“FHFA”) in response to FHFA’s
Multifamily Developer Confidence Declines Significantly in the Third Quarter
Washington - RealEstateRama - The prospects for continued high levels of multifamily development declined significantly in the third quarter, as did the prospects for...
Report Confirms Delaware Water Gap National Recreation Area Is Economic Powerhouse for NJ, PA...
New research commissioned by NPCA makes it clear that the park is generating enormous economic opportunity for local businesses, helping support the unique character of the Delaware River Basin.
Ranch Properties are Grabbing the Spotlight, Appraisers Need to Understand the Land: Valuation...
Whether they're meant as rural retreats or working agricultural operations, ranch properties of all shapes and sizes are in high
2022 USC CASDEN REAL ESTATE ECONOMICS FORECAST SLUGGISH MULTIFAMILY CONSTRUCTION NEUTRALIZES THE IMPACT...
The 2022 University of Southern California Casden Economics Forecast – produced during a historic confluence of economic challenges and housing market uncertainty -- projects continuing rent increases over the next two years for apartment dwellers in all five Southern California housing markets.
IEUA Collaborates with City of Rialto to Purchase Recycled Water
At yesterday’s Board meeting, the Inland Empire Utilities Agency (IEUA/Agency) Board of Directors authorized the Agency to execute the IEUA-City of Rialto Recycled Water Purchase Agreement Term Sheet to acquire recycled water supplies from the City of Rialto
Quality Data Crucial for Residential Appraisal Assignments: The Appraisal Journal
Accurate data is key for appraisers to ensure timely, accurate market analysis especially in times when markets are in flux, according to an article published this week in The Appraisal
DHS Announces New Cybersecurity Performance Goals for Critical Infrastructure ?
The Department of Homeland Security released the Cybersecurity Performance Goals (CPGs), voluntary practices that outline the highest-priority baseline measures businesses and critical infrastructure owners of all sizes can take to protect themselves against cyber threats. The CPGs were developed by DHS, through the Cybersecurity and Infrastructure Security Agency (CISA)
NAR Report Finds eSignature, Lockbox and MLS Apps/Technology to be 3 Most Impactful Technology...
When it comes to real estate technology, Realtors® said that eSignature, lockbox, and apps and technology from their local
