While still ticking upward, the PCE index—the Federal Reserve’s preferred measure of price increases—rose less than expected today, fueling optimism that there won’t be another resurgence in inflation. Additionally, the report showed that consumer spending rose slightly, another positive sign that consumers are continuing to open their pocketbooks despite a hawkish Fed and some previously…
Mortgage rates are the highest they’ve been in years. Inventory is tight and home prices have stayed elevated. Thus, many prospective homebuyers who thought they had their finances buttoned up are suddenly having to recalculate, and often stretch, if able to purchase at all. Will that change? Not likely, at least for a while. Recent…
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, today reported a 1% annual change in July, up from a 0% change in June. The 10-City Composite showed an increase of 0.9%, which improves from a -0.5% loss in the previous month. The 20-City Composite posted a year-over-year…
Above, Andy Florance, left, Founder and CEO of CoStar Group, talks with RISMedia Founder and CEO John Featherston at RISMedia’s 35th Annual CEO & Leadership Exchange on Sept. 6. Photo by AJ Canaria. If there’s one thing that industry executives can agree on, it’s that there are way too many variables regarding real estate portals…
Above: Matt Winzenried, center, with his team Talk about taking real estate marketing to the next level… Matt Winzenried Real Estate Partners, a Madison, Wisconsin brokerage aligned with Realty Executives, showcases T-shirts, hoodies and sweatshirts featuring a stylized MW logo for sale on Amazon.com. While the agency leader’s plan wasn’t to have the clothing serve…
Realty Executives International President, Patrick van den Bossche, facilitates a panel session on the “State of the Industry” with key broker/owners and Executives. When a few years ago Outlier CEO David Tedesco chose Patrick van den Bossche, with his 30 years of experience managing fast-growth, next-growth and startup firms, to lead Realty Executives International as…
Love at first sight is all well and good in a movie, but when it comes to buying a house there’s no such thing. Or shouldn’t be, anyway. And it’s the REALTORS® job to make sure a client knows everything possible about a house—good and bad. Yes, your client will have the house inspected, but…
First of all, an all-cash offer to buy a house is a bit of a misnomer. If accepted, there will very likely not be suitcases stuffed with C-notes delivered to the seller at closing. No, bidding to buy with no financing is simply a come-on to owners who’d like to complete the transaction quickly and…
When you’re one of the chief executives of a real estate company that rockets in size from 139th to 6th in just a few years, you’re clearly doing something right. Or, actually, doing a lot right. Rick Haase, president of United Real Estate, agrees, while also stressing that it is a precise mindset that anchors…
For every agent, there is usually someone pining to buy residential real estate who will follow their guidance precisely and unconditionally, knowing they are the industry expert, thus making a purchase with complete and utter confidence. That someone is themself. Investments lead to profit or loss, but it’s why you as an agent are way…
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