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The Department of Justice (DOJ) has approved a settlement from OceanFirst Bank in relation to a redlining investigation against them. The Conciliation Agreement was announced Wednesday, Sept. 18 by the Department of Housing and Urban Development (HUD).  OceanFirst Bank—located in Toms River, New Jersey—was alleged to have engaged in redlining by restricting access to credit…

The post DOJ Negotiates Another Settlement in Bank Redlining Initiative appeared first on RISMedia.

Find out how this Indiana broker-owner got his start, what he believes is coming next and why partnering with @properties three years ago "was one of the best business decisions" he and his team ever made.

Lower mortgage rates will bring much-needed normalcy to the housing market  USA TODAY

As part of eXp, Grand Lux Realty will operate out of White Plains, New York. Founder Michael Levy touted eXp's technology as one of the brokerage's selling points.

Property highlights: Location: Austin, Texas Listing Price: $8.9 million Features: 5,100-square-foot waterfront retreat with four bedrooms and five bathrooms. Added Appeal: Solarium pool, ensuite bathrooms, grand room with pitched ceilings and floor-to-ceiling windows complete with lake views. Nestled on the serene shores of Lake Travis, The Bond House is an architectural marvel designed by the legendary…

The post The Bond House: Where Luxury Is No Longer Just a License to Thrill appeared first on RISMedia.

As real estate professionals continue to navigate today’s legal landscape and face the impactful changes resulting from the National Association of REALTORS®’ (NAR) $418 million settlement, mapping out a business plan for the year ahead is more important than ever.  Embrace the new As policy changes that took effect last month under NAR’s Settlement Agreement…

The post Future Focused: Updating Your Business Plan for 2025 appeared first on RISMedia.

Loyalty bonds between agents and brokerages are fragile. How hard can you push without breaking? Wallace Real Estate’s Claudia Stallings has tough love tips for agents in today’s market.

More signs point to more favorable housing costs this week as average mortgage rates continued to fall, following an aggressive half a point cut to interest rates announced by the Federal Reserve on Wednesday.  The 30-year fixed-rate mortgage (FRM) averaged 6.09% this week, down from 6.20% last week, according to the latest Primary Mortgage Market…

The post Mortgage Rates Continue to Fall, Driving Activity for Purchases, Refinances appeared first on RISMedia.

Jared Schwadron operates in New York City, the Hamptons and Miami and is the latest get for Compass as it competes to build a roster of top agents in lean times.

The addition brings upwards of 200 agents to Compass' ranks and gives the brokerage a strong position in the state's luxury market. Compass will also launch new offices in Chandler and Flagstaff in 2025.

New York’s OneKey® MLS reported significant trends in August 2024 reflecting a resilient housing market with higher-value transactions. The multiple listing service, which services Montauk to Manhattan and through the Hudson Valley to the Catskill Mountains, reported in August, the regional single-family closed median sale price was $725,000, marking an 8.4% year-over-year increase from $669,000…

The post New York Regional Single-Family Home Price Jumps 8.4% in August 2024 appeared first on RISMedia.

The managing broker of Texas at Side said that luxury buyers in particular seem to understand the value of compensating their real estate agents.

Harry Norman, REALTORS®—a member of Leading Real Estate Companies of the World®—has announced the appointment of Stan Baker as the new vice president of Relocation and Business Development. With over 30 years’ experience expanding business and operational efficiencies, Baker brings a wealth of knowledge and a proven track record of success to the Harry Norman,…

The post Harry Norman, REALTORS® Appoints Stan Baker as Vice President of Relocation and Business Development appeared first on RISMedia.

The brokerage is set to host its inaugural Hackathon on Oct. 26. In addition to prizes, participants will have the chance to network with industry leaders.

Rent Cap Locks Billions of Euros Out of Irish Housing, CBRE Says  BNN Bloomberg

Cities start fighting rental crisis triggered by overtourism  DW (English)

The Conference Board Leading Economic Index (LEI) for the U.S., which provides an early indication of significant turning points in the business cycle and where the economy is heading in the near term, fell by 0.2% in August to 100.2, following a decline of 0.6% in July. Over the six-month period ending in August, the…

The post Economic Index Falls for Sixth Straight Month appeared first on RISMedia.

Existing-home sales fell 4.2 percent year over year to a seasonally adjusted rate of 3.86 million in August as buyers awaited the Fed's decision to cut rates, according to National Association of Realtors data

CFIUS Is Not a Flu Strain: When Commercial Real Estate Transactions May Require Additional Regulatory Review  JD Supra

Should I Buy a House Now or Wait?  Real Estate