Louis  Ponce

Louis Ponce

Broker

License #: 01044888

Realty World - AC Properties

Mobile:
408-531-0884
Office:
408-299-0555
Email Me

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Pending Home Sales Rebounded in October

USA Real Estate News-RISMedia - 6 hours 41 min ago

Pending home sales increased in October, rebounding from September’s decline, according to the National Association of REALTORS® (NAR). Overall, contract activity increased monthly in each of the four major U.S. regions. However, on a yearly basis, two regions (West and Northeast) reported drops and two others (Midwest and South) increased.

Commerce Department Moves to Double Lumber Tariffs, NAHB Responds

USA Real Estate News-RISMedia - 6 hours 42 min ago

The U.S. Commerce Department moved forward with an administrative review to double the tariffs on Canadian lumber shipments into the U.S. from 9% to 17.9%. Chuck Fowke, chairman of the National Association of Home Builders (NAHB), issued the following statement in response:

Overcoming Bias in Home Appraisals Starts With the Appraisers

USA Real Estate News-RISMedia - 6 hours 43 min ago

(TNS)—Home appraisers have gotten an unusual amount of attention recently thanks to a surge in coverage about racial disparities in home valuations.

There’s no simple explanation for how a property’s value is assessed, but understanding how appraisals work and the industry’s current makeup can provide some framework to addressing inequality in the housing market.

Why Diversity Is Important in the Appraisal Industry

Wedding vs. Homeownership: New Survey Measures Modern Priorities

USA Real Estate News-RISMedia - 6 hours 44 min ago

Americans pressed pause on many milestones in 2020, but in 2021 they reignited plans to buy and sell homes. The real estate market is strong according to the National Association of REALTORS® and homeownership is top of mind for Americans.

Regional Spotlight: Northern Virginia Homes Prices Climb as Inventory Drops

USA Real Estate News-RISMedia - 6 hours 45 min ago

Differing from the nation’s overall housing market, home sales in Northern Virginia were down slightly in October from September; however, prices continued to grow while inventory shrank from October 2020, mirroring the national market, according to the Northern Virginia Association of REALTORS® (NVAR). Locally and nationally, homes sales decreased from the frenzy of October 2020.

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