Consumer sentiment continued to waiver in June, as economic signs gave little hope for inflation relief in the near future. Consumer sentiment fell 1.3% in June, from 69.1 in May to 68.2, according to the University of Michigan’s latest report. This is the fourth straight month of decreases, with a 0.5% decrease in March, a… The post Consumer Sentiment Continues to Waiver in June appeared first on...
June 2024
The 2024 U.S. Presidential election—currently about four months away—kicked into a higher gear on June 27 with the first debate between the all-but-official major nominees, President Joe Biden and former President Donald Trump. Housing policy was not a central focus of the debate, as subjects like immigration, foreign wars, abortion and (somewhat surreally) the candidates’… The post Presidential...
As National Housing Month comes to a close, REALTORS® reflect on what matters most in their business: their clients. In a relationship business like real estate, creating memorable experiences with clients is the cornerstone of what agents do. Buying a home is one of the most important investments a person can make, and it’s a… The post Agents Reflect on Their Most Memorable Buyer Experiences...
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. –United Wholesale Mortgage’s (UWM) 0% down payment product has faced some recent backlash from the industry, as reported by National Mortgage News. The program offers borrowers a 3% down payment second lien of up to… The post Mortgage Mix: United...
Finally, inflation numbers open up the door for the Federal Reserve to potentially cut rates this September. The personal consumption expenditures (PCE) price index—the Fed’s preferred measure of inflation—rose 2.6% year-over-year in May, with a change of 0% between May and April. Ultimately, this is the lowest headline and core inflation (excluding volatile food and… The post Rate Cuts Possible as...
Before the continuous wave of litigation and investigations that has engulfed the residential real estate industry this past year, the Burnett vs. NAR case and its historic 1.8 billion settlement award handed down to the plaintiffs on Oct. 31 set the precedent. Regular readers of RISMedia may remember last fall that leading up to and… The post Anthony Lamacchia, Outspoken Critic of Burnett Case, to...
eXp Realty has announced that Chief Marketing Officer Wendy Forsythe has joined the eXp eXtend a Hand program as a trustee. eXtend a Hand has been a cornerstone of the company’s commitment to community and service since its inception in 2017, eXp stated. As trustees, Forsythe, Chief Counsel and Corporate Secretary at eXp World Holdings… The post eXp CMO Wendy Forsythe Named as Trustee of eXtend a Hand...
Above, Chad Ruggles Chad Ruggles spent his first 20 years out of college working in the consumer finance business for CitiFinancial before making a move in 2014 to the mortgage industry for Carrington, where he was asked to take over the company’s real estate brokerage in 2019. That’s how Ruggles became senior vice president and… The post Building an Agent-Centric Business appeared first on...
Embracing artificial intelligence (AI) is more than staying ahead of technology. It’s also about enhancing our ability to make better-informed decisions driven by data, enabling personalized customer experiences at scale, and exploiting extraordinary productivity gains both for MLS staff as well as brokers and agents. Most people are not aware that they have been using… The post AI and Beyond: The...
An expensive market has long been a pressing issue at the forefront of potential home purchases for young homebuyers, and new data from Bright MLS indicates that affordability will be the greatest housing market challenge for the rest of this year. In an update to its housing forecast for 2024, Bright MLS adjusted predictions for… The post Bright MLS Lowers Projections for Sales, Inventory as...