The recent jump in the 10-year Treasury yield and the resulting rise in mortgage rates are expected to continue to weigh on existing home sales in the near future, likely keeping them at or near their lowest level since 1995, according to the January 2025 commentary from the Fannie Mae Economic and Strategic Research (ESR)…
The latest monthly housing market report from RE/MAX found that home sales consistently improved during December 2024. The report surveyed 52 large metro areas and found an increased number of sales across the U.S. Compared to December 2023, home sales rose 13.3%, while also being 4.4% higher than in November 2024. The number of homes…
Upfront—a financial platform designed for brokers and their agents—and Loft47—a provider of back-office broker accounting technology—have announced a partnership to offer Liquid, a new product that aims to provide greater financial flexibility and funding options to real estate agents. With declining transaction volumes impacting both agent income and brokerage revenue, the companies noted that the…
RE/MAX Holdings, Inc. has announced that Travis Saxton has joined the company as executive vice president of strategy. Saxton will report directly to CEO Erik Carlson and serve as a key member of the Executive Leadership Team. In this role, he will guide real estate strategy and technology innovation with a focus on integrating solutions…
Rocket Companies has announced the launch of its new website Rocket.com. Rocket.com allows consumers to search, purchase and manage their home financing with an AI-driven experience, combining the forces of Rocket Mortgage and Rocket Homes. Rocket stated that Rocket.com will improve the home buying process by bringing home search, financing and servicing together in one…
In a slight reversal of the past month’s trends, the average 30-year mortgage rate decreased from its average last week of 7.04% down to 6.96% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. “After crossing the 7%-mark last week, the 30-year fixed-rate mortgage saw its first decline…
Final Offer has announced the launch of Private Exclusive Listings (PX), a new feature that allows agents to share off-market and pre-market properties within their brokerage and directly with clients via a private channel, providing early access to properties before they’re publicly listed on the MLS. Private Exclusive Listings are off-market or pre-market properties and…
Above, Mark Willis In another change in leadership at Keller Williams, Gary Keller, co-founder and executive chairman, announced in an email to company employees Jan. 22 that now former CEO and president Mark Willis is immediately transitioning into the role of chief leadership officer. Additionally, Stacie Herron, currently chief legal and administrative officer, will also…
Mortgage applications barely increased this week amid lingering high mortgage rates, but the increase was enough to push home purchase applications up 2% over last year. That’s the latest analysis from the Mortgage Bankers Association, who reported a 0.1% increase in applications over last week’s notable 33% jump, per its latest Weekly Mortgage Applications Survey…
Offerpad has announced the launch of PriceLock, a service that “locks in” the homeowner’s final selling price at contract signing and protects against unexpected price reductions later, the company noted. How it works: Request an offer: Sellers request an offer and receive an estimated cash offer within minutes Schedule an inspection: Sellers can schedule their…
If you’re only talking to people you’ve already done business with, then that could limit or even shrink your network of active business. Read more.
