In the realm of high-end real estate, change is the only constant. With each passing year, the luxury housing market evolves, shaped by shifting consumer preferences, technological advancements and economic factors. As we find ourselves amidst the spring market of 2024, we take a closer look at the current trajectory of luxury real estate and… The post The May 2024 Luxury Market Report appeared first on...
12 June 2024
The Federal Reserve stood firm again, leaving its benchmark rate unchanged at its current 23-year high after the Fed’s two-day meeting concluded Wednesday. Meanwhile, the central bank signaled a more tepid approach to rate cuts this year than investors had hoped for. The Fed’s decision maintains the federal funds benchmark rate in the 5.25%-5.50% range… The post Fed Leaves Rates Unchanged Despite...
Christina Bennett loved the mortgage industry, but after undergoing multiple layoffs, she says the feeling wasn’t mutual. Bennett spent years in and out of mortgage roles in various underwriting posts, rising to the management ranks in her last company, Caliber Home Loans, where she spent nearly eight years. Although she had been through layoffs before,… The post Mortgage Industry Exodus: ‘Nearly...
In a move designed to help military service members, veterans and eligible spouses stay competitive in the current housing market, the Department of Veterans Affairs (VA) announced Tuesday that it will temporarily allow VA borrowers to pay their own buyer agent fees in certain situations. The new policy, which goes into effect on Aug. 10… The post VA Temporarily Allows Military Borrowers to Pay Their Own...
In today’s unprecedented times for residential real estate, leadership matters more than ever. Real estate leaders will share new strategies for leading in turbulent times in a special session at RISMedia’s CEO & Leadership Exchange being held Sept. 4-6 at the Mayflower Hotel in Washington, D.C. Click here to register now! The session, titled, “Level-Up… The post Level-Up Your Leadership: How...
Whether you are embarking on a career as a new real estate agent or looking to pump some life back into your business, this time can be an exciting journey filled with opportunities for growth and success. However, like any profession, it requires dedication, strategy and a strong foundation to thrive. Here are some essential… The post From Rookie to Rockstar: How to Build Your Business From the Start...
The REALTORS® Relief Foundation (RRF) has announced that an additional $1 million in disaster relief aid has been made available to Arkansas REALTORS® in response to the devastating tornadoes that impacted the state in late May. RRF stated that this grant is in addition to the $1 million already awarded, bringing the total support to… The post REALTORS® Relief Foundation Announces 2 Million in Aid...
ERA Real Estate announced today its latest affiliation with Empire Real Estate Group, a staple of residential Rhode Island real estate. Broker/owner Jimmy Ranieri first founded the firm 13 years ago. Now as part of the ERA® network, Ranieri stated that he and his full-service company’s affiliated agents will be able to utilize the ERA®… The post Boutique Brokerage in Rhode Island Becomes ERA...
The Consumer Price Index (CPI), an inflation gauge measuring goods and services costs across the U.S. economy, was unchanged in May on a seasonally adjusted basis, after rising 0.3% in April, the U.S. Bureau of Labor Statistics reported June 12. After hitting a 40-year high of 9.1% in June 2022, inflation has slowed. But after… The post Inflation Unchanged in May; Neutral News for Potential Fed Rate...
Mortgage applications shifted course and increased 15.6% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending June 7, 2024. This week’s data: The Market Composite Index, a measure of mortgage loan application volume, increased 15.6% on a seasonally adjusted basis from one week earlier. … The post Mortgage Applications...