Ransomware Attack May Jeopardize Some Closings

Fri, 23 Jul 21 13:07:48 +0500

Cloudstar, a cloud service used by many title companies, shut down after a ransomware attack last week. As a result, some brokers now can’t register transactions or closings. “We are still very much in the containment and remediation phase,” the company says.

Study: Showings Plummet After First 5 Days on Market

Fri, 23 Jul 21 13:07:43 +0500

ShowingTime: Those 5 days are “hyperactive with double-digit showings and offers submitted quickly”– 64 markets averaged double-digit showings per listing during June.

NAR: ‘Independent Contractor’ Bill Should Exempt Realtors

Fri, 23 Jul 21 13:07:25 +0500

NAR says it faces “steep resistance” but will keep advocating for a Realtor exemption to proposals: “Congress must recognize real estate’s unique place in the economy.”

HUD Offers $19M to Fight Housing Discrimination

Fri, 23 Jul 21 13:07:08 +0500

Private fair housing groups may request money and use it to blind test housing groups, respond to complaints or propose new projects related to COVID-19 challenges.

Fla.’s Housing Market: Sales, Median Price, More Rise in June

Thu, 22 Jul 21 13:07:57 +0500

Florida Realtors’ data: More closed sales, more new listings and higher median prices (up 24.5% for single-family homes, 22.4% for condos) than a year ago. Chief Economist O’Connor: The ratio of buyers to sellers may be easing; as a result, home price growth could begin to cool down in the future.