Welcome to latest edition of the Real Estate Resource Roundup. These are some of the industry articles that caught our eye this week.
Shutdown putting housing market recovery in danger?
Sherry Chris, president and CEO of Better Homes and Gardens Real Estate, appeared on FOX Business on Thursday to discuss the new NAR data, and the latest numbers with Cheryl Casone. Despite the drop in November sales of existing homes, Chris believes the housing market is still in a good place.
Better Homes and Gardens/Bradfield opens office in Austin
Better Homes and Gardens Real Estate Bradfield Properties expanded their footprint to Austin, in a partnership with Goldwasser Real Estate. The deal will bring another 90 agents to the real estate firm’s fold.
Floored raises more than $5 million in funding round led by Greycroft Partners
In tech news, Floored, a provider of interactive 3-D models recently closed a $5.26 million rounding round led by RRE Ventures. Floored was honored at the latest Realogy FWD Innovation Summit.
Housing, jobs data weaken, but overall economic picture still upbeat
NAR reports sales of previously owned homes fell 4.3 percent last month to an annual rate of 4.90 million units. The numbers came a day after the Federal Reserve voted to reduce its monthly $85 billion bond buying program. Despite the decline, housing market fundamentals still remain solid.
U.S. Housing Starts Jump to Highest Level in Five Years
According to data released by the Commerce Department, builders broke ground on more homes in November than at any time in over five years. The data showed that housing starts jumped 22.7 percent to a 1.09 million annualized rate.