The Institute’s Luxury Market Report is your guide to an analysis on the trends and comparative data on the top-residential markets throughout Canada and the United States. March’s report reviews the current statistics for the luxury market in North America month over month, as well as the 13-month trend. This month, we delve into the… The post The March 2024 Luxury Market Report appeared first on...
2024
The 30-year-fixed-rate mortgage only slightly increased this week, up to 6.82% from last week’s dip to 6.79%, according to the latest Primary Mortgage Market Survey® (PMMS®) released Thursday from Freddie Mac. Here’s a look at this week’s numbers: The 30-year FRM averaged 6.82 percent as of April 4, 2024, up from last week when it… The post Mortgage Rates Continue to Show Little Movement...
When buying and selling real estate, the appraisal is pivotal. It’s an expert’s objective estimation of a home’s worth and serves as a cornerstone for financial decisions in real estate transactions. However, a low appraisal can disrupt the whole process and lead to complications for buyers, sellers, Realtors, and lenders. I will examine the ramifications… The post The Impact of Low Appraisals on...
There are several reasons agents prefer listing over working with buyers. From the ability to take on more clients at once to less time spent touring properties to increased control over transactions, many agents just prefer to represent sellers. But how do you find listing opportunities if this is your desired route? Get in touch… The post Get More Listings by Connecting With These 5 Demographics...
The term “redlining” may evoke images of 1930s bankers and real estate men drawing segregated maps in smoke-filled back rooms, but a growing log of settlements announced by the Civil Rights Division of the U.S. Department of Justice (DOJ) suggests that redlining is a persistent and pernicious practice. Occurring in both the past and present,… The post Recent Redlining Settlements Outline Framework...
This week, over 50,000 Opendoor customers will be receiving refunds based on a 2022 settlement agreement related to deceptive advertising practices, according to an announcement by the Federal Trade Commission (FTC). A total of $62 million is going back in the pockets of consumers who utilized the iBuying service years ago, based on a consent… The post Consumers Set to Receive Refunds From 2022 Opendoor...
The National Association of REALTORS® and Realtor.com today honored three winners of the Fair Housing Champion Award during NAR’s Fair Housing Month event, “Many Rivers to Cross: America’s Ongoing Fair Housing Journey.” Honorees received recognition for their efforts to advance fair housing and expand homeownership in their communities. With the Fair Housing Champion Award, REALTORS®… The post...
Compass has announced the brokerage will be expanding its nationwide footprint through the acquisition of Latter & Blum, an historic 100+-year-old real estate giant with more than 3,000 agents and 32 offices across the Gulf Coast region of Texas, Louisiana, Mississippi and Alabama. The move brings Compass into New Orleans and the broader Louisiana and… The post Compass Acquires Historic Gulf Coast...
As the housing industry celebrates New Homes Month in April, data shows that builders continue to respond to buyer preferences by constructing smaller homes to place homeownership within reach of families planning to buy a home this year. In fact, a recent National Association of Home Builders (NAHB) analysis found that new homes built in… The post Home-Buyer Preferences Shift as Affordability Challenges...
As I sat in my family room Monday night, eagerly watching the NCAA Tournament second-round game between No. 1 seed Iowa and No. 8 seed West Virginia, I couldn’t help but feel a surge of emotion. There was a lot on the line as Caitlin Clark took the floor at Carver-Hawkeye Arena one final time.… The post Thoughts on Leadership: The Caitlin Clark Effect appeared first on...