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...
27 June 2024
Selling a townhouse? A thorough home inspection can ensure a smooth transaction. Knowing what inspectors look for helps you address issues beforehand. I will provide the following information to help navigate the townhouse inspection process: The importance of a pre-sale inspection Detailed checklists for inspecting key areas Steps to prepare for an inspection and how… The post Home Inspection Tips for...
My real estate career spans over 30+ years, currently as the Senior Leadership Instructor for Better Homes and Gardens Real Estate. During my multiple decades in this business, I’ve been a top producer in the Hall of Fame for selling and have coached and trained thousands of real estate professionals across several brands. I also… The post Assisting First-Time LGBTQ+ Homebuyers appeared first on...
The averaged 30-year-fixed-mortgage rate stepped down for the fourth-straight week, dipping to 6.68% from 6.87% last week and marking its lowest point in the last three months, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: The 30-year FRM averaged 6.86% as of June 27, 2024, down… The post Mortgage Rates Dip for Fourth Week...
In the current uncertain environment, it is more important than ever that we as an industry communicate the critical role housing plays in the U.S. economy. I am probably biased, since I am a researcher, but I believe there needs to be more data-backed, evidence-based analysis to help cut through some of the misconceptions and… The post More Evidence, Less Anecdote appeared first on...
Pending home sales in May slipped 2.1%, according to the National Association of REALTORS® (NAR). The Midwest and South posted monthly losses in transactions, while the Northeast and West recorded gains. Year-over-year, all U.S. regions registered reductions. This month follows the trend of last, when sales were down 7.7%. Year-over-year, pending transactions were down 6.6%. … The post Pending Home...
Editor’s Note: The Buyer-Agent Playbook is a new iteration of RISMedia’s biweekly Playbook segment, specifically centering on buyer agency and how agents are navigating the changes and trends in a post-NAR settlement environment. The series will provide brokers and agents with insights and information to ensure they not only survive but thrive in these challenging… The post The Buyer Agent Playbook:...
A judge in the Southern District of New York paused two key commission cases on June 26 after an extensive back and forth between plaintiffs, defendants and the judge, in a decision that could resonate around the country as Burnett copycats play out in the shadow of the larger agreements struck by the National Association… The post NYC Commission Cases Paused as Parties Spar Over Jurisdiction, NAR...
RISMedia garnered several special recognitions recently from The National Association of Real Estate Editors’ (NAREE) 2024 Journalism Competition held during its annual conference, this year in Austin, Texas June 18-20. This prestigious competition, now in its 74th year, recognizes excellence in reporting, writing and editing stories about residential and commercial real estate. A panel of… The post...
No one said change would be easy. Many real estate organizations find that to be truer than ever about buyer representation agreements, as some REALTOR® organizations have come under fire for their attempts to abide by incoming policy changes. That has been the case for the California Association of REALTORS® (CAR), which was heavily criticized… The post ‘Unreadable’ California Buyer Contract...