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Recent Real Estate News
Death-row inmate facing final hours for murder of Texas real estate agent
About 10 years ago, convicted killer Kosoul Chanthakoummane brutally murdered a real estate agent in a model home. Now, after a decade on death row, his death is only days away. Though not as brutal as the 33 stab wounds he inflicted on the real estate agent, Chanthakoummane will face the end by lethal injection.2016 foreclosures dropped more than any year on record
Foreclosure rates dropped and even hit milestone lows in 2016. A new report from Black Knight shows that 2016 saw the greatest drop of any year on record. Even states with the highest percentage of foreclosures saw significant drops from last year.Total value of homes sold in Northwest increases 18%+ in 2016
Home values increased in 2016, along with the number of homes sold throughout the year, leading to an increase of more than 18% in the total value of homes sold. The increase in sales, however, is not being replaced with new inventory as the housing shortage continues to grow.#InaugurationDay is here – this is what it means for housing in 2017
The United States swore in Donald Trump as its next president, and the nation looks on to see what that will mean for policy changes in the coming months. Fannie Mae updated its economic growth projection for 2017, but remains conservative in its predictions.New evidence released on murder of Abilene real estate agent
Months of investigation, and police still haven’t made an arrest in the case of Tom Niblo, a real estate agent from Abilene, Texas who was shot and killed. However, newly released information continually points to one person – someone who just made bail.Housing starts hit best year since 2007
December made up for some of its lost ground in November with an increase in housing starts. In fact, 2016 finished off the year as the best year for housing starts since 2007. However, the market remains in desperate need of new housing stock.Homebuilders keep confident moving into 2017
Builder confidence came down off December's high, the highest level for more than 10 years, but remains strong headed into 2017. According to the National Association of Home Builders, many builders are excited for the business conditions that the new administration will bring.Chicago area sees most home sales since 2006
RE/MAX’s annual report showed the Chicago area saw its highest level of home sales since 2006. However, despite the increase, the city continues to struggle with low levels of housing inventory.Clayton Homes announces launch of new home delivery division
Clayton Homes, a Berkshire Hathaway company, opened a new division of its company and will now be transporting its own manufactured houses. It announced it will use the new division to take more control over its homes on the road. Here’s more on the new division, and the training the new drivers will receive.Capital Economics: Trump’s wall will constrain housing starts
President-elect Donald Trump’s plan to build a wall between the U.S. and Mexico could create more competition in an already tight labor force. The construction labor market could see even more tightening, and constrain housing starts over the next couple years if Congress approves funding for the wall.