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Jennifer Fortune is as bullish on Lake Tahoe real estate as anybody. She’s been serving buyers and sellers in the pristine neighborhoods of the southern region of the lake for a decade. As an agent with Chase International, she is active on both sides of the California-Nevada state line, and she’s enjoyed the weather-related ebbs and flows of the local market on a mostly upward trajectory—until this summer.
When will the housing market crash? This was one of the top three questions people posed on Google this past spring. Why? Because too many buyers have post-traumatic stress from the 2008 meltdown. While it’s fascinating to see how many people still live in fear of that exact scenario happening again, the truth is, we’re not even close to the market crashing!
After almost half a century in real estate, it’d be easy for Augusta, Georgia-based Meybohm Real Estate to rest on its laurels. With 340 agents and five offices, the brokerage caters to clients in 14 different counties throughout Georgia and South Carolina.
Still, that hasn’t stymied Meybohm Real Estate’s desire to stay ahead of the game, which is why the brokerage has spent recent years beefing up its website and real estate CRM software.
August home sales dropped 3.5% from July’s total—and the median sale price slipped 1.2% to $335,000—as seasonal norms signaled that 2021’s busiest home-buying and selling months are probably behind us. Despite these drops, August still almost broke records for home sales signaling a still-hot market.
August’s low number of days on market (24) and meager months supply of inventory (1.3) reversed two months of inventory gains as strong demand amid tight inventory conditions persisted.
Virtual Properties Realty (VPR), a United® Real Estate company, announced it has eclipsed the 4,000-agent mark and reportedly holds the No. 1 market share position in Georgia by completing more real estate transactions than any other privately owned residential brokerage over the past 12 months. The company also celebrated record-breaking, single-month sales of $356 million in July.
Realogy Holdings Corp. announced that it has repaid an aggregate of $435 million of outstanding borrowings under its term loan facilities as of Sept. 16, 2021. The debt repayment was funded with cash on hand.