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Average Mortgage Rates Fall to Lowest Level in Two Years

USA Real Estate News-RISMedia - Thu, 2024-09-26 12:57

While mortgage rates barely registered a dip this week, it was enough for economists to report they’ve reached their lowest point in two years, helping to keep refinance activity buzzing along in recent weeks as well.  According to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, the average 30-year fixed-rate mortgage (FRM) dipped…

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Report: How Homebuyers, Sellers and Agents Are Adjusting to Commission Changes

USA Real Estate News-RISMedia - Thu, 2024-09-26 12:00

With predictions about the impact of the National Association of REALTORS®’ (NAR) Burnett settlement all over the map, ranging from higher costs for first-time buyers and job losses among REALTORS® to more transparency in transactions and lower overall commission costs and home prices in the long run, Clever Real Estate surveyed homeowners, those who plan…

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Consumer goods mogul buys Miami parcels for $100M

USA Real Estate News-Inman - Thu, 2024-09-26 11:11
Consumer goods magnate Anand Khubani has bought three parcels on La Gorce Island from the trust of the late Dr. M. Lee Pearce, marking the priciest deal in Miami-Dade County so far this year.

Pending Home Sales Up 0.6% in August; Only Northeast Down in Transactions

USA Real Estate News-RISMedia - Thu, 2024-09-26 11:06

Pending home sales in August rose 0.6%, following a 5.5% drop-off in July, according to the National Association of REALTORS® (NAR). The Midwest, South and West posted monthly gains in transactions, while the Northeast recorded a loss. Year-over-year, the West registered growth, but the Northeast, Midwest and South declined. Year-over-year, pending transactions were down 3%.…

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Pending home sales rise modestly in August as mortgage rates dip

USA Real Estate News-Inman - Thu, 2024-09-26 11:00
Pending home sales edged up 0.6 percent in August, as declining mortgage rates made home purchases more affordable, according to data released Thursday by the National Association of Realtors.

Own your success in real estate’s next chapter

USA Real Estate News-Inman - Thu, 2024-09-26 09:13
Inman Connect New York is renowned for gathering the brightest minds in real estate, offering unparalleled access to expert insights and networking opportunities. This January, join industry leaders at the Hilton Midtown for transformative discussions on technology, branding and marketing strategies to propel your business into 2025. Discover how to leverage this premier event to enhance your professional growth and adapt to the ever-changing real estate landscape.

Why Cord Shiflet avoids calling himself a Realtor ‘like the plague’

USA Real Estate News-Inman - Thu, 2024-09-26 09:09
"NAR is about to get a wake up call," the Moreland Properties agent told Inman in an interview that touched on Austin's growing pains and NAR's future ahead of his talk at Connect Austin in October.

Parties in Mega-Buyer Suits Reveal ‘Ongoing’ Settlement Discussion

USA Real Estate News-RISMedia - Thu, 2024-09-26 08:54

In a new filing yesterday, plaintiffs and defendants in the looming mega-buyer commission lawsuits previewed some of the disputes and potential paths forward—including damages, settlement disputes and ongoing appeals—that could put the industry back in the throes of legal uncertainty, even as seller-filed litigation has largely been resolved by settlements. The buyer lawsuits, mostly filed…

The post Parties in Mega-Buyer Suits Reveal ‘Ongoing’ Settlement Discussion appeared first on RISMedia.

Buyer Turnoffs: How to Make Sure Seller-Client Homes Are as Appealing as Possible

USA Real Estate News-RISMedia - Thu, 2024-09-26 08:51

Homeownership: The American Dream. Those buyers who make it happen for themselves and their families know there is very little that will top that feeling of accomplishment. Owning your own home almost always means building financial security. It also means there are very few rules for what you want to do with your property, inside…

The post Buyer Turnoffs: How to Make Sure Seller-Client Homes Are as Appealing as Possible appeared first on RISMedia.

Industry heavy-hitters launch app that documents agents’ workflow

USA Real Estate News-Inman - Thu, 2024-09-26 08:37
Rayse, which the company has positioned as a way of "pushing back against the settlements," is backed by Realtor associations, MLSs, brokerages and leaders, including co-CEO James Dwiggins.
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