This week’s latest real estate news:
Can the Housing Sector Continue to Perform?
In general, most economists and market watchers still see the housing market performing well, but they are keeping an eye on a few factors, such as rising interest rates and general U.S. economic outlook for signs of any downturns.
Zillow Group listing policy change is shaking up the industry
Zillow Group planned to prohibit agents from manually posting listings on May 1, a new policy it announced in late February. Real estate shops might lose the ability to market properties on Zillow Group sites — a scary scenario for many agents and brokers.
Homeowners continue to overestimate their home value
Consumers are overestimating the value of their homes, leading to unhappy owners and a slower mortgage process. April marked the fifth consecutive month where the gap between appraiser and homeowner opinions widened.
Better Homes and Gardens Real Estate adds Crofton firm
Apex Realty LLC of Crofton, renamed Better Homes and Gardens Real Estate Live Well Group, has joined the BHGRE franchise network. The firm is led by co-owners Jeff Caruso and Mark Somerville and broker Bryan Geason, who said the “highly respected and recognized” Better Homes & Gardens name sets the young firm up for future expansion.
These Cities Are the 10 Biggest Comeback Stories in U.S. Real Estate
Everyone loves a great comeback story. After the 2007 real estate crash, west coast cities including San Jose, San Francisco and Portland, have had the speediest and most definitive recoveries.
Hot Properties: Crooner Tom Jones is singing a seller’s tune in gated Mulholland Estates
This week’s roundup of celebrity home sales highlighted famous crooner Tom Jones listing his villa for $8 million and NFL head coach Kyle Shanahan purchasing ESPN reporter Trent Dilfer’s house for $6.7 million. Melanie Ventura of Better Homes and Gardens Real Estate represented the buyer.