Six federal agencies—including the Consumer Financial Protection Bureau (CFPB), the Federal Housing Finance Agency (FHFA) and the Federal Deposit Insurance Corporation (FDIC)—recently announced a new standard of quality controls for automated valuation models, or AVMs, as used by mortgage originators and secondary market issuers. AVMs are algorithms that can estimate a property’s value using...
July 2024
Brian Buffini, chairman and founder of Buffini & Company, hosted his Bold Predictions Mid-Year 2024 Real Estate Market Outlook on Monday, July 22, where he was joined by the National Association of REALTORS®’ (NAR) Chief Legal Officer Katie Johnson for a closer look at what’s taking place behind the numbers in real estate. Buffini and… The post ‘Heading in the Direction of Normality’; Brian...
Interest rates may be seeing their first cut this fall, possibly even as soon as September, according to the National Association of REALTORS®’ (NAR) Chief Economist Lawrence Yun. Yun shared this prediction and more during NAR’s recent Residential Real Estate Forecast Summit for 2024. The biggest question looming on many in the industry’s minds is,… The post NAR’s Yun Points to Incoming Interest...
The real estate industry is facing rapid changes and uncertainties. The recent National Association of REALTORS® (NAR) settlement and lawsuits alleging price fixing and artificial inflation have sent shockwaves through the sector. The decoupling of buyer and seller commissions further complicates the landscape, necessitating a reevaluation of how we establish and maintain value. One thing… The post...
Back in January, the National Association of REALTORS® (NAR) agreed to extend the statute of limitations in a pocket-listing lawsuit, court documents revealed, with a lawyer representing the REALTOR® organization telling a judge in a separate case last week that NAR needed time to decide if it was “amenable” to repealing or amending the Clear… The post NAR Appears Open to Amending or Repealing...
Existing-home sales were down again in June as the median sales price climbed to the highest price ever recorded for the second consecutive month, according to the latest data released Tuesday from the National Association of REALTORS®. The median existing-home price for all housing types in June was $426,900, up from $419,300 last month and… The post Home Prices Jump Again, Setting Record High for...
Editor’s Note: Social Skills is a bi-monthly feature in RISMedia’s Daily News focused on social media and digital marketing tips, trends and solutions for agents and brokers. In today’s dynamic social media landscape, trends evolve faster than a market listing. Staying ahead of the curve is more than just a good strategy—it’s essential for survival.… The post Social Skills: Mastering Social...
Buffini & Company is launching a new training program for real estate professionals to win business as they face the new rules of real estate. The company stated the new Certified Full-Service Professional (CFSP) designation training program is aimed at helping real estate professionals attract and keep customers, communicate their unique selling proposition and stand… The post Buffini & Company...
Century 21 Real Estate LLC. is fortifying the CENTURY 21® Brand’s presence in the Pacific Northwest with its latest affiliation of Blue Chip Realty based in University Place. The four-year-old brokerage was founded by current broker/owner and Tacoma native Greg Pubols. Pubols started his professional career as a Certified Public Accountant before transitioning into real… The post Century 21 Expands...
Negotiating offers on your home can be challenging yet rewarding. My guide will help you navigate this crucial phase, ensuring you get the best deal possible. I have put significant effort into explaining the following points in detail: Step-by-step negotiation tactics for homeowners How market conditions impact your negotiation strategy Effective methods for handling multiple… The post How to Negotiate...