RISMedia Staff

Housing affordability worsened in Q3 2023 due to rising mortgage rates—which have now surpassed 7%—and high home prices, along with other economic challenges. ATTOM’s Home Affordability Report for Q3 2023 found that median-priced single-family homes and condos are less affordable in the third quarter of 2023 compared to historical averages in 99 percent of counties…

The October issue of RISMedia’s Real Estate magazine is now available, and not to be missed are several exclusive features, including an in-depth look at the five regional winners for RISMedia’s Real Estate Rookie of the Year and how they are surviving and thriving through current market challenges. In addition, we feature looks at United…

Century 21 Real Estate LLC. continues its expansion in New York state; Anchor Real Estate of Long Island, Inc. has affiliated with the brand and will now do business as CENTURY 21 Anchor Real Estate, the company has announced. The firm was founded in 2017 by the mother-daughter duo of Gina and Cristina Ferraro, Anchor…

Florida firm Foxfire Realty, operated by Gene Boone and his grandson Own, has affiliated with the RE/MAX Brand; it is now operating as RE/MAX Foxfire, the company has announced. “We were completely blown away by the tools and technology and the culture of RE/MAX,” says Owen Boone, RE/MAX Foxfire vice president and director of operations.…

After a slight uptick to 7.19% a week ago, the 30-year fixed-rate mortgage (FRM) averaged 7.31% this week, its highest level in 23 years, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. This week’s numbers: 30-year fixed-rate mortgage averaged 7.31% as of September 28, 2023, up from last week…

The Power Broker Roundtable is brought to you by the National Association of REALTORS® (NAR) and Kymber Lovett-Menkiti, NAR’s Broker Relations Liaison. Watch for this column each month, where we address broker issues, concerns and milestones. Participants pictured above are, from left to right: Moderator:  Kymber Lovett-Menkiti, President, Keller Williams Capital Properties, Washington D.C., Broker…

Pending home sales fell 7.1% in August, according to the latest data from the National Association of REALTORS® (NAR). This reverses the slight 0.9% increase seen in July. NAR’s Pending Home Sales Index (PHSI) for August registered at 71.8, reflecting a moderate level of activity (an index of 100 is equal to the 5 to…

Weichert Real Estate Affiliates, Inc. continues to grow its presence in Illinois with the addition of Weichert, Realtors® – Homes by Presto in Naperville to its national franchise network. Weichert, Realtors® – Homes by Presto, formerly known as Presto Real Estate Services, becomes the 13th Weichert® franchised office in the state of Illinois. The company…

The increase in mortgage applications last week was short-lived, as purchase applications fell this week, down 1.3% from one week earlier when we saw a temporary increase of 5.4%. This is according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending September 22, 2023. Here’s a look…

The National Association of REALTORS® (NAR) and the CCIM Institute, one of the largest commercial real estate networks in the world with chapters in more than 30 global markets, have partnered to present the C5 + CCIM Global Summit, NAR has announced. Practitioners within the entire commercial ecosystem—including brokerage, financing, development, asset and property management…