Author Archives: Patrick Kearns

Manhattan median condo price falls below $1M for first time in years

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It’s the first time the median numbers in Manhattan have fallen below $1 million in three years, according to Douglas Elliman’s fourth-quarter market report for Manhattan. The median condo or co-op sold for $999,000, 10.6 percent lower than last quarte… Continue reading →

Flood insurance freeze halts thousands of US home sales

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The Federal Emergency Management Agency ruled Thursday it will not approve new or renew existing flood insurance plans during the government shutdown. Continue reading →

Pending home sales drop to lowest level since 2014

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The National Association of Realtors’ Pending Homes Sales Index fell 7.7 percent year-over-year in November, marking the 11th straight month of annual decreases. Continue reading →

How the government shutdown is impacting home buyers

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A partial shutdown of the U.S. Government has entered its sixth day as both Democrats, Republicans and President Donald Trump dig in their heels over partial funding for a wall or partition structure along a small portion of the U.S. southern border an… Continue reading →

Will declining mortgage rates reverse static home sales?

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Mortgage rates continued along their downward trend to end the year, according to the latest data from Freddie Mac, released Thursday. Continue reading →

How eXp Realty’s new stock equity program for agents works

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EXp World Holdings, the parent company of virtual real estate brokerage eXp Realty, is making major changes to its agent stock program. Continue reading →

Portland real estate offices targeted with violent graffiti

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Vandals spray-painted words like “die,” “gentrification” and “get out” on the windows of two Portland real estate brokerage offices over the holiday weekend. Continue reading →

Biggest brokerage news of 2018

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Brokerages saw a lot of movement this year, be it highly-producing teams and franchises striking out on their own or legacy companies launching new brands. Continue reading →