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This month’s National Association of REALTORS® (NAR) Power Broker Roundtable discusses the state of the market and how brokers are preparing for another boost in activity this fall.
Cindy Ariosa, Senior Vice President, Regional Manager, Long & Foster Real Estate, Chantilly, Virginia, Special Liaison for Large Firm and Industry Relations, NAR
New York and the surrounding areas have experienced a shift in executive leadership for a prominent brokerage brand, Douglas Elliman. Dottie Herman stepped down as CEO of the company, with Scott Durkin, the brokerage’s president and chief marketing officer, taking on the role effective immediately.
While price growth is beginning to slow down as we enter the end of summer, June home values reached record levels, even hitting a 40-year high, according to the latest CoreLogic Home Price Index report.
– U.S. home prices increased 17.2% YoY in June 2021.
– Month-over-month, home prices increased by 2.3% compared to May 2021.
Forbearance rates decreased by 1 basis point to 3.47% as of July 25, 2021, according to the Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey. The MBA estimates 1.74 million homeowners are currently in forbearance plans.