Washington D.C. Real Estate News
Washington D.C.
U.S. Mortgage Bankers Enjoy Record Profits in 2020, Despite COVID Outbreak
According to the Mortgage Bankers Association's newly released 2020 Annual Mortgage Bankers Performance Report, independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $4,202 on each loan they originated in 2020
Single Family Property Taxes in U.S. Jump 5.4 Percent in 2020
According to ATTOM Data Solutions 2020 property tax analysis for almost 87 million U.S. single family homes; over $323 billion in property taxes were levied on single-family homes in 2020, up 5.4 percent from $306.4 billion in 2019.
U.S. Remodeling Industry Confidence Spikes in Early 2021
The National Association of Home Builders latest Remodeling Market Index in the first quarter of 2021 posted a reading of 86, up 38 points from the first quarter of 2020. The finding is a signal of residential remodelers' confidence in their markets
20 Largest Brokerage Firms Handle 55 Percent of all US Home Sales
The top 20 real estate enterprises accounted for 54.9 percent of existing home sales volume in 2020, revealing just how much production is concentrating among the nation's biggest and most powerful real estate organizations.
