With the Chevron deference now void, opinions from housing organizations and experts are split on how this might impact regulatory decision-making within the industry moving forward. Earlier this month, the Supreme Court overturned the so-called “Chevron deference,” a legal principle originally set in Chevron U.S.A. Inc. vs. Natural Resources Defense Council, Inc that allowed courts… The post...
July 2024
In the latest RISMedia webinar—“Buyer Agency Essentials: Strategies for Success and Compliance in the New Normal”—John Featherston, founder and CEO of RISMedia, welcomed co-moderator Joe Rand, chief creative officer for Howard Hannd | Rand Realty, and panelists Gretchen Pearson, owner and president of Berkshire Hathaway HomeServices Drysdale Properties; Kendall Bonner, team leader of The...
Motto Mortgage—RE/MAX’s mortgage franchise—has opened a new office in Nashua, New Hampshire, serving all markets throughout the state. Motto Mortgage Sail Home is now open, marking the first ever franchise office location in the state for the Motto Mortgage brand. The company stated that the new office will provide homebuyers and refinancers competitive rates and… The post Motto Mortgage Opens...
Above, Matt Desmond Matt Desmond President and Qualifying Broker Santa Fe Properties – a member of Leading Real Estate Companies of the World® Santa Fe, New Mexico https://www.santafeproperties.com Region served: Santa Fe Years in real estate: 19 Number of offices: 2 Number of agents: 75 Favorite part of your job: Getting to work with and… The post Looking Beyond Challenges to Create Solutions...
How many tomes have been written on this subject? Probably millions. Depending which stats one reviews, seems that of all the bestsellers ever written about 15-20% are on leadership. Ranked by sales, authors such as Simon Sinek and Patrick Lencioni are sure to be in the top five in this category. Rarified air indeed. Both… The post Op-Ed: Leadership and the Lack Thereof appeared first on...
As the real estate industry braces for new rules that remove all offers of agent compensation from for-sale listings, mortgage lenders are weighing their options on how to best help cash-strapped buyers who will ultimately be responsible for paying their agent’s commission. Beginning Aug. 17, the National Association of REALTORS® (NAR) will prohibit all offers… The post Financing Agent Commissions...
Single-family housing starts dropped in June as a result of raised interest rates for mortgages and construction and development loans, despite overall housing starts jumping 3% to a seasonally adjusted rate of 1.35 million units, according to new data provided by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau.… The post Single-Family Starts Dwindle in June appeared...
Foreign buyers purchased $42 billion worth of U.S. existing homes from April 2023 through March 2024, retreating 21.2% from the prior 12-month period, according to a new report from the National Association of REALTORS® (NAR). International buyers purchased 54,300 properties, down 36% from the previous year—the fewest number of homes bought since 2009 when NAR… The post Foreign Investment in U.S....
Mortgage applications rose this week as mortgage rates saw a decrease, increasing 3.9% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 12, 2024. This week’s data: The Market Composite Index, a measure of mortgage loan application volume, increased 3.9% on a seasonally… The post Mortgage Applications Reverse...
The MOB gathered in Dallas recently at Coldwell Banker Apex for one of their twice-yearly meetings. One of the unique hallmarks of the residential real estate business is its widespread commitment to collaboration for the greater good, from the listings shared among brokerage firms to the strategies exchanged among friendly competitors. When it comes to… The post The Transformative Power of Trust...