by David Wharton | Nov 16, 2020 | Industry News, Point of View
A life preserver of sorts will be available to homeowners submerged in the troubling waters of flooding, according to the National Association of Realtors— that is thanks to action the Federal Housing Administration (FHA) announced last week, related to the extended availability of additional private flood insurance options to U.S. consumers. The FHA proposal would pave the [...]
by Christina Hughes Babb | Oct 30, 2020 | Industry News
Property data provider ATTOM Data Solutions Thursday reported that about 1.6 million residential properties, or 1.6% of all U.S. homes, are vacant. That is according to the Q4 2020 Vacant Property and Zombie Foreclosure Report, which offers a snapshot of the market in the fourth quarter. The report analyzes foreclosure status, equity, and owner-occupancy status matched against [...]
by Christina Hughes Babb | Oct 28, 2020 | Industry News
California-based US Real Estate Services, Inc. (USRES), provider of default management and portfolio services, announced today that Garrett Mays has been promoted to VP of Valuations and Vendor Management. Mays oversees the daily operations of the valuation department and manages the company’s business partner networks. He joined the company more than 12 years ago and [...]
by Christina Hughes Babb | Oct 28, 2020 | Industry News
The competition among homebuyers is intense and home prices have been soaring in recent months. The cause of this heated competition and rising prices is the short supply of homes for sale. This lack of inventory has been prevalent across the country since COVID-19. New data from a Zillow survey shows how the pandemic may be [...]
by Christina Hughes Babb | Oct 15, 2020 | Industry News
The third quarter saw the largest increase of luxury home sales since 2013 with a 41.5% increase year-over-year, according to a report from Redfin. At the same time, “expensive” home sales rose by just over 17% year-over-year. Mid-priced home sales went up by 3% and affordable homes went down by 4.2%. The most affordable housing sales [...]
