In the wake of recent headlines surrounding the National Association of REALTORS®’ lawsuit settlement and the Department of Justice’s renewed interest in investigating commission practices, skepticism regarding the value of real estate professionals has surfaced across the nation. Yet, amidst the noise, it would be foolish to overlook the enduring significance of the role you… The post Never Count...
7 May 2024
The latest monthly update to the Fannie Mae Home Purchase Sentiment Index (HSPI)–for April 2024–shows the index at 71.9 percentage points (representative of how many consumers think now is a good time to buy). The rating is unchanged from March 2024 and 5.1 points higher from April 2023. In a release, Fannie Mae described these… The post Fannie Mae Shows Consumer Sentiment Plateauing appeared first...
ERA® Real Estate has announced the launch of its ERA Coaching Program. The program, designed for all ERA-affiliated agents regardless of experience level, is offered at no cost to participants. The ERA Coaching Program will gather agents in their brokerage’s office to attend the program via watch parties. The program consists of seven, two-hour live,… The post ERA Real Estate Launches New Coaching...
The National Association of REALTORS®’ Chief Economist Lawrence Yun forecasted that interest rates will fall in the long term, 2024 existing-home sales will rise to 4.46 million (up 9% from 4.09 million in 2023) and 2025 existing-home sales will increase to 5.05 million (up 13.2% from 2024)—with further gains in eight of the next 10… The post NAR Chief Economist Predicts Falling Long-Term Interest...
RISMedia’s latest Broker Confidence Index (BCI) is offering a potentially very positive preview of 2024’s spring and summer market, with a bigger than usual jump in broker sentiment at the beginning of the traditional busy season for real estate, which could foreshadow resurgent sales. Jumping a full point from seven to eight in April, brokers… The post Brokers See Inventory, Demand Surge as...
The National Fair Housing Alliance (NFHA), Asian Real Estate Association of America (AREAA), Housing Opportunities Project for Excellence, Inc. and the Fair Housing Center of the Greater Palm Beaches, have filed a fair housing discrimination suit in Miami federal court, together challenging Florida’s state law SB 264. Each organization is claiming the bill violates the… The post AREAA and Other Fair...
Bringing together ostensible outsiders with deep experience in the realm of housing policy and finance, the National Association of REALTORS® (NAR) billed the panel—taking place during the organization’s midyear legislative meetings in Washington D.C. yesterday—as an overview of “practical and policy solutions in a post-settlement environment.” Really, however, the focus was on one...
In a Q1 earnings call May 6, technology real estate company Offerpad Chairman and CEO Brian Bair put as positive a spin as he could on numbers that continue to exist in the negative, preferring to accentuate a growth pattern through smaller losses this year over last. The iBuyer’s revenue was sharply down in the… The post Offerpad Q1 Earnings: Revenue Way Down, Though Improvements Cited appeared...
The National Association of REALTORS®, the National Association of Home Builders, the Mortgage Bankers Association, the American Land Title Association, National Apartment Association, U.S. Mortgage Insurers, National Multifamily Housing Council, Asian Real Estate Association of America, American Property Owners Alliance, Leading Builders of America and Nareit express thanks to Reps. Mark Alford (R-Mo.),...