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The Institute’s Luxury Market Report is your guide to an analysis on the trends and comparative data on the top-residential markets throughout Canada and the United States.

December’s report reviews the current statistics for the luxury market in North America month over month, as well as the 13-month trend.

This month, we take a moment to reflect on the changes that have occurred in consumers’ priorities over the past year.

Steve Kloetsch

Co-Founder/CEO

Andy Kloetsch

Co-Founder/COO

RSVP Real Estate ERA Powered

Bellevue, Washington

www.rsvpre.com

Region served: Washington State

Years in real estate: Steve: 17; Andy: 23

Number of offices: 2

Number of agents: 400

Best advice for new agents: Communicate with your sphere of influence on a regular basis.

Must-have technology tool for 2022: MoxiWorks

Homebuyers who successfully purchased a home last year only viewed a median of eight homes before purchasing. For some buyers who put down multiple contracts and repeatedly lost bidding wars, this may seem like very few, however for others who found limited housing inventory in their area, it may seem like a wide selection.

Weichert Real Estate Affiliates, Inc. was recognized as one of the top 500 franchises across the United States and Canada for the 18th straight year by Entrepreneur magazine, as the outlet recently announced its 43rd annual “Franchise 500®” ranking. The company showed significant advancement in its overall ranking, moving up 55 spots to No. 282 on this year’s list.

The Mortgage Bankers Association’s (MBA) new monthly Loan Monitoring Survey release this week revealed that the total number of loans now in forbearance decreased by 26 basis points from 1.67% of servicers’ portfolio volume in the prior month to 1.41% as of December 31, 2021. According to MBA’s estimate, 705,000 homeowners are in forbearance plans.

The U.S. Department of Housing and Urban Development (HUD) has announced the awarding of more than $83 million in Indian Community Block Grant-American Rescue Plan (ICDBG-ARP) grants to 74 Tribal communities to prevent, prepare for, and respond to the COVID-19 pandemic.

This is the third round of ICDBG-ARP awards, underscoring the Biden-Harris Administration’s commitment to delivering equitable COVID-19 relief to Tribal communities.