If you want to know what’s happening in the world of real estate, then you need to stay on top of current events. A comprehensive real estate news service can give you the latest news on supply, prices, inventory and market trends. With just one subscription, you’ll get all the latest news about housing. Read on to learn more. Listed below are some of the top real estate news sources. But what should you know? Here’s a brief overview:
Prices
The value of real estate varies with the market’s overall health. It depends on the economy’s overall health, as measured by GDP, employment data, and manufacturing activity. Moreover, prices of goods and services can increase or decrease according to a variety of factors. Despite the cyclical nature of real estate, there are some common characteristics that make it difficult to determine which economic indicators are most favorable. For example, a rising real estate market will increase prices of goods and services, while a decreasing one will result in a reduction of real estate values.
Inventory
You’ve probably heard of inventory in real estate news, but what does it actually mean? It is the raw count of all available property news for sale. Also known as active listings, this number is calculated on the last day of every month. So, for instance, the inventory in the third quarter of 2021 will be the number of homes available for sale on Sept. 30. Sold homes are removed from the active inventory when they close. Pending sales, which have been signed and not yet closed, are included in the inventory until the transaction closes.
Housing Scorecard
A team of journalists from the Southern California News Group won a Gold Award for their report on housing in California, demonstrating that cities and counties lag far behind state-mandated homebuilding goals. This report was published as part of the National Association of Real Estate Editors’ annual awards ceremony. Jeff Collins, the first-place winner, measured the progress of each of the state’s 538 municipalities under the state’s Regional Housing Needs Assessment program.
Zillow
If you’re looking for the latest in real estate, you may want to sign up for Zillow real estate news.
Zillow is an American tech real estate marketplace company founded by Lloyd Frink and Rich Barton in 2006. Previously, the two had worked together at Microsoft. Today, the site has over two billion members. In the United States alone, Zillow has sold over $28 billion of real estate.