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. Per the latest survey by Freddie Mac, mortgage rates experienced a noticeable drop during the first week of August 2024–the lowest rate in over a year, in fact. The 30-year mortgage rate is 6.47%, down… The post Mortgage Mix: Rates Dip Sharply; Major...
9 August 2024
When it comes to successfully guiding clients through the real estate process, transparency is key. Proving your worth and value as a real estate professional is critical—and perhaps even more important today, given the policy changes required under the National Association of REALTORS®’ (NAR) Settlement Agreement in the seller commission cases taking effect this month. … The post Navigating...
Legacy franchisor RE/MAX posted another quarter of decline in revenue and agent count year-over-year. The latest financial information was released Aug. 8, with a virtual earnings call for investors Aug. 9. In a statement, CEO Erik Carlson explained that Q2 results were “better than expected,” as financial results were anticipated to be lower than previous… The post RE/MAX Agent Count Down, But...
Confidence in the market for new multifamily housing declined year-over-year in Q2, according to results from the Multifamily Market Survey released today by the National Association of Home Builders. “Multifamily developers are less optimistic than they were at this time last year,” said Tom Tomaszewski, president of The Annex Group and chairman of NAHB’s Multifamily… The post Multifamily...
Anthony Lamacchia was named 2024 REALTOR® of the Year by the Greater Boston Association of REALTORS® at its Annual Awards & Networking Breakfast in Boston. “I am honored to receive this recognition and would like to express my sincere gratitude to everyone who participated in the selection process,” said Lamacchia. “It’s a privilege to be… The post Anthony Lamacchia Named GBAR 2024...
In new court legal briefs concerning the data-theft case, Move, Inc. and CoStar Group, the parent companies of Realtor.com and Home.com urged the judge to take their side regarding the timing of expedited discovery and other matters The latest back and forths came via CoStar’s supplemental memo on Aug. 7 to the U.S. District Court… The post Realtor.com, Homes.com Parents Spar in Court Filings as...
On July 24, the U.S. House of Representatives’ committee on financial services (HFSC) subcommittee on housing and insurance held a hearing, “Housing Solutions: Cutting through Government Red Tape.” Topics and ideas discussed were primarily related to examining regulatory barriers and other hot-button housing topics. But, a central theme of discussion was rent control, which was… The post Congress,...
The California Association of REALTORS® (CAR) announced it has named Phil Hawkins as its new CEO. Hawkins currently serves as CEO of the Pacific West Association of REALTORS® (PWR), one of the largest local real estate associations in California. He was selected as part of a nationwide search by CAR’s leadership team and a search… The post CAR Appoints Phil Hawkins as New CEO appeared first on...