After a strong start to the spring selling season, homebuilder sentiment flattened in April as buyers hesitate to step into the market due to continued unrest in the mortgage market and other affordability challenges. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) registered at 51 in April, the same reading seen… The post Homebuilder Sentiment Flat in April as...
April 2024
Jason Mitchell, CEO of the Jason Mitchell Group (JMG), headquartered in Scottsdale, Arizona, is satisfied with most every aspect of his thriving national brokerage business except for one: spreading the word. “I want to get our message out there more because what we do is very unique,” he says. “We’re the only national brokerage that… The post Leading by Opportunity appeared first on...
Lead generation company PropStream has announced it will attend the Invested conference (presented by Out of State Investor Academy) in Los Angeles from May 20 to 21, 2024. Invested’s two-day conference provides a fusion of customized, hands-on workshops, presentations, and networking opportunities, a release noted. Each element is meticulously crafted to assist real estate investors… The post...
Home prices have been the bane of the real estate news cycle for a while now, bringing a damper on the home-buying market. However, recent data shows that home prices really might not have kept buyers out as much as was thought. A new report from LendingTree found that from 2012 to 2022 homeownership rates… The post Homeownership Rates Have Increased, Despite Prices appeared first on...
Citing the recent National Association of REALTORS® (NAR) settlement agreement, a panel of six judges today denied an attempt by plaintiffs in commission-focused class-action lawsuits to consolidate all the copycat cases under one judge, saying that the “procedural posture of the litigation” makes that effort inappropriate. “After settlement proceedings conclude, and it becomes evident how… The...
More national real estate franchises are beginning to take marketing measures into their own hands rather than using agencies for hire on a contract basis, RISMedia’s 2024 Agent & Broker Marketing Study found. Drilling down further, the study also found that the average size of an in-house marketing team nearly doubled between 2022 and 2023… The post Marketing Matters: Exploring the Shift Toward...
Stellar MLS has announced it is now offering an enhanced version of Lundy Inc.’s “Finding Homes” search by voice technology to customers and consumers seeking homes in the MLS’s coverage area. Finding Homes is a voice-activated property search engine designed to assist real estate professionals and homebuyers in navigating real estate listings using their voice… The post Stellar MLS Offers...
Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. According to the Primary Mortgage Market Survey® from Freddie Mac, last updated April 11, 2024, the 30-year mortgage rate sits at 6.88%, while the 15-year mortgage rate currently stands at 6.16%. These rates represent a… The post Mortgage Mix: Rates...
Destinations by LeadingRE, the new development marketing program powered by Leading Real Estate Companies of the World®, is pleased to have Soneva Villa Ownership in its collection of fine developments. This month, we explore what makes Soneva so extraordinary and highlight one of their luxury properties in the Maldives. Justin Kingsley Group Director Soneva Villa… The post Global Spotlight: Luxury...
While economic signs remain strong and experts have a positive outlook, consumer sentiment saw a slight dip in April. The dip, however, is not any cause for concern, according to experts. Consumer sentiment fell 1.9% in April, following a 0.5% decrease in March. These drops come after a strong start to 2024, with a 0.8%… The post Consumer Sentiment Continues to Fall in April appeared first on...