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DC's housing market is shifting rapidly. Are federal layoffs driving it?

1 day ago | housingwire.com | Jeff Andrews

s this changing the housing market in the nation’s capital? Altos data suggests the dynamic in Washington has shifted since the beginning of Trump’s second term. As things stand, housing supply in Washington is rising rapidly. After years of stagnant inventory, the weekly average of homes for sale is up 34.8% year over year, while new listings have spiked by 9.3% on a 90-day rolling basis.
Real Brokerage fires CFO, names Ravi Jani as successor

1 day ago | housingwire.com | Jonathan Delozier

number of agents at Real has more than doubled — from roughly 12,000 to more than 27,000 — expanding the firm’s reach across North America. “Ravi brings a unique combination of strategic finance expertise and an investor’s perspective at a pivotal moment in Real’s trajectory,” said Tamir Poleg, chairman and CEO of Real. “His financial acumen, market insight, and collaborative approach have already made a meaningful impact on our organization.
States with top marks on their housing affordability report cards

1 day ago | housingwire.com | Jonathan Delozier

Affordability measures include a score based on the percentage of listings affordable to various income brackets, as well as the share of income spent on a median-priced home. Homebuilding was assessed using construction permit volumes relative to population and price differences between new and existing homes. South Carolina received the highest grade in the report, an A, for proactive construction efforts that are exceeding current housing demand. Texas and Iowa each had A- scores.
Security American Title expands services nationwide

1 day ago | housingwire.com | Jonathan Delozier

“We’re excited to bring our proven title search process and veteran-led values to a national audience,” John Alexander, president of Security American Title, said in a statement. “Our focus remains on providing exceptional service — now with the ability to support projects coast to coast.”The company provides title support for a wide range of real estate transactions, from single-family home closings to multi-parcel infrastructure and right-of-way projects.
Existing-home sales drop sharply in March

1 day ago | housingwire.com | Jeff Andrews

Sales in a single month tend to be initiated in the preceding months, so some percentage of March sales may not have been affected by the market turmoil that occurred in April. But existing-home sales figures may be an early sign that homebuyers are reluctant to make big purchases with a cloudy macroeconomic outlook. “Uncertainty and anxiety are going to cloud the spring housing market this year,” Bright MLS chief economist Lisa Sturtevant said in a statement.
New Jersey AG hits RealPage and 10 landlords with antitrust suit

2 days ago | housingwire.com | Jeff Andrews

“The defendants in this case unlawfully lined their pockets at the expense of New Jersey renters who struggled to pay the increasingly unlivable price levels imposed by this cartel,” Platkin said in a statement. “Today we’re holding them accountable for unlawful conduct that fueled the state’s affordable housing crisis and deprived New Jerseyans of their fundamental right to shelter.”RealPage did not respond to a request for comment.
Howard Hanna, Pittsburgh Steelers team up for homebuyer help

2 days ago | housingwire.com | Jonathan Delozier

Starting this fall, Pittsburgh Steelers fans could win money toward a home purchase every time the team returns a kickoff or punt for a touchdown, thanks to a new partnership between the Steelers and Howard Hanna Real Estate Services. The real estate company, headquartered in Pittsburgh, will serve as the presenting sponsor of the Take it to the House Sweepstakes.
Newlyweds asking for down payment help over wedding gifts

2 days ago | housingwire.com | Jonathan Delozier

For many couples, the cost of a wedding comes at the expense of a larger down payment or delays the homebuying process altogether. Thirty-five percent of respondents said their wedding delayed their home purchase, while 36% said they ended up putting less money down on a home due to wedding expenses. Another 41% of those who made a down payment said they wish they had contributed more. “Weddings are incredibly expensive today.
Christina Pappas named president of Illustrated Properties

2 days ago | housingwire.com | Jonathan Delozier

Christina Pappas has been appointed as president of Illustrated Properties, marking a new chapter for the South Florida luxury real estate brokerage as it celebrates its 50th year of operations. Pappas steps into the role following the departure of former president Daniel Dennis, who held the position for three years before leaving to pursue a new opportunity. She will also continue in her current role as president of The Keyes Co., a sister company of Illustrated Properties.
Homeowners are struggling with property taxes, appeals process

2 days ago | housingwire.com | Jonathan Delozier

Despite widespread concern — with three-quarters of respondents saying they worry about increases in their annual bills — 78% report they have never challenged their assessment. “The survey results support the reason we founded Ownwell — there is a clear knowledge gap for homeowners understanding their right to protest their property assessment if they feel it’s incorrect,” said Colton Pace, founder and CEO of Ownwell.