For prospective homebuyers, there is more than just finding a forever house to take into consideration when beginning your search in today’s challenging market. Safe neighborhoods, additional costs and property resale value are also things that should be contemplated to guarantee a comforting and affordable transition into a new home. As their real estate agent,…
The National Association of REALTORS®’ (NAR) latest quarterly report shows that in Q2 2024, single-family existing-home sales prices rose in 89% of metro areas measured—a whopping 199 out of 223 metros measured by NAR—down from 93% in Q1. According to the report, the national median single-family existing-home price also rose, spiking 4.9% from last year,…
Legacy franchisor RE/MAX posted another quarter of decline in revenue and agent count year-over-year. The latest financial information was released Aug. 8, with a virtual earnings call for investors Aug. 9. In a statement, CEO Erik Carlson explained that Q2 results were “better than expected,” as financial results were anticipated to be lower than previous…
On July 24, the U.S. House of Representatives’ committee on financial services (HFSC) subcommittee on housing and insurance held a hearing, “Housing Solutions: Cutting through Government Red Tape.” Topics and ideas discussed were primarily related to examining regulatory barriers and other hot-button housing topics. But, a central theme of discussion was rent control, which was…
Editor’s Note: Social Skills is a bi-monthly feature in RISMedia’s Daily News focused on social media and digital marketing tips, trends and solutions for agents and brokers. Entering the real estate industry can be exciting for aspiring young professionals, but many may wonder what are some ways to help gain new long-term clients. One simple…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. CoStar Granted Expedited Discovery in Realtor.com’s Data-Theft Lawsuit CoStar Group’s application to expedite discovery in the data-theft lawsuit filed against them by Move, Inc. (Realtor.com®’s parent company) has been granted by the court. …
Yesterday, Opendoor, the largest and oldest iBuyer, announced its financial results for the second quarter of 2024, also addressing recent settlements and the impacts on buyer agents and sellers. In the wake of recent settlements, investors asked Opendoor CEO Carrie Wheeler about the impact on the company as a result of new buyer agent contracts…
Unsurprisingly, Federal Reserve (Fed) officials made the decision not to cut interest rates yesterday afternoon, despite indicators that the economy is slowing. Rates currently remain at an unchanged figure between 5.25% and 5.5%, with Fed Chair Jerome Powell suggesting that September may be the appropriate time to make cuts. Powell indicated that “a reduction in…
In June, pending home sales saw a spike, rising 4.8%, according to new data released by the National Association of REALTORS® (NAR)—a turnaround from three consecutive months of decline. Mortgage rates “fell through the month, dipping below 7% and continuing to fall to 6.86% by the end of the month,” explained Realtor.com® Sr. Economic Research…
Editor’s Note: Superstars in sports and celebrities in real estate is a new series highlighting either high-profile professionals who have made a career transition into real estate, or those agents who represent such high-level individuals in the sale or purchase of their luxury homes. We’ll bring you their stories, best practices, top tips and more.…
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