RE Buzz – last week’s best real estate stories:
- Plywood Becomes Hot Item in Housing Recovery
Growing demand and tight supplies have pushed up plywood prices by 45% in the past year.
- Among the converted: Homes that used to be something else – MSN Real Estate
- You think real estate sales meetings like this would shake up the industry?
I have read a lot of commentary lately about the Broker-centric versus the Agent-centric model of real estate business management. Here’s a pretty strong example of the Broker-centric management.
- Homes Are Flying Off the Market – Businessweek
"Part of the frenzy comes from a lack of inventory. Buyers have returned to the market while sellers sit on the sidelines…"
- Richard Florida Concedes the Limits of the Creative Class – The Daily Beast
The so-called creative class of intellects and artists was supposed to remake America’s cities and revive urban wastelands. Now the evidence is in—and the experiment appears to have failed, writes Joel Kotkin.
- Millennials prefer a 'fixer-upper' to a cookie cutter home
The Millennials, recently deemed the next generation of homebuyers, have earned a new nickname for themselves: the Fix-It Generation.
- Here's why the latest NAR report is actually bad news | REwired
So what is the trend? Well, the real news to Thursday’s NAR report is inventory remains 19.2% down from last year.
- Fannie and Freddie Must Go – Bank Think Article – American Banker
"One of the priorities of Rep. Jeb Hensarling, Chairman of the House Financial Services Committee, is to end the conservatorship of Fannie Mae and Freddie Mac and let the private sector take the primary role in operating the residential mortgage industry."
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Realtor at InCity Realty
Joe Spake is a Real Estate Broker and Consultant, specializing in Midtown, Downtown, and East Memphis residential properties. His interests include architecture, community activism, music, photography and cooking. Get more great real estate information on Joe's Facebook Page. Call 901-870-3440 or Email Joe@spake.com
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