Facing multiple lawsuits from former agents and recruits along with scrutiny from the New York City Comptroller’s office, eXp Realty and several current and former executives and board members at the firm are now facing a suit by public pension funds, who allege the company breached its fiduciary duty in covering up reports of rape… The post New Lawsuit Claims eXp Lawyer Admitted Sexual Assault...
4 October 2024
Better Homes and Gardens® Real Estate has announced that Better Homes and Gardens® Real Estate Rhodes Realty, headquartered in Natchitoches, Louisiana, is the latest firm to join the brand. With seven offices and over 50 affiliated sales associates, the family-owned brokerage offers real estate services in residential, commercial, new construction, land development and rental properties… The post...
Homeowners are showing a willingness to put their homes on the market at increasing rates, marking a continuous shift away from the “lock-in effect,” as detailed in Realtor.com®’s September Housing Trends Report. Active listings were up 34% year-over-year, though that number was still down 23.2% within a five-year timespan. The average median home listing price… The post New Listings Increase as...
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. According to the latest survey by Freddie Mac, mortgage rates saw a slight bump during the final days of September—with the 30-year fixed mortgage rate at 6.12% compared to 6.08% the previous week. The 15-year… The post October Begins With Mortgage...
Any concerns about a slowing economy should be allayed for now. Employment grew substantially in September, per the latest release from the U.S. Bureau of Labor Statistics. The U.S. economy added 254,000 new payrolls over the past month—more than 100,000 higher than in August (where 142,000 jobs were added). The September growth results are much… The post Job Growth Surprises With Big Payroll Boost...
Above, Rose Kemp As the industry celebrates Hispanic Heritage Month, new data shows Hispanic homeownership continues to swiftly rise, and Hispanic real estate professionals are urging the industry to take notice of this ever-growing business sector. There are over 9.5 million Hispanic homeowners, a homeownership rate of 49.5%, as reported in the National Association of… The post Hispanic Homeownership...
Getting homeowners insurance used to be a fairly straightforward process. You’d shop around with two or three companies, compare rates and pick the best deal. However, more frequent and severe weather events driven by climate change are hitting insurers’ margins hard as homeowner claims and the damage replacement costs spike. As a result, some insurers… The post Insurance Crisis Is Derailing Deals...