Demand for luxury home purchases has not dwindled even as the pandemic’s volatile nature continues to pose challenges in real estate. According to a 2022 State of Luxury Real Estate (SOLRE) report, authored by Luxury Portfolio International® (PLI), home prices in the segment are expected to continue increasing as supply struggles to meet high demand.
There is no question that REALTORS® have a passion for giving back, and that generous spirit was never more evident than in the hours following the Sept. 11, 2001, attacks on our nation. Our world as we knew it was shaken to its core and REALTORS® jumped into action to create the REALTORS® Relief Foundation (RRF), raising $8.4 million from REALTORS® and others, vowing that no American should be at risk of losing their home because of the loss of a breadwinner in a terrorist attack on American soil.
Brian Buffini, founder and chairman of Buffini & Company, will continue to navigate what the future holds for real estate, and what agents need to do to succeed, in his annual “Bold Predictions” market outlook, on Mon., Dec. 13, 2021 at 1 p.m. (ET)/10 a.m. (PT).
The inventory shortage has been a prominent issue in housing for years, but how much work do builders have ahead of them in order to keep up with sky-high demand? A new Zillow report shows builders still have to fill a 1.35 million new-home construction shortfall caused by a decade of underbuilding.