Gibson vs. NAR, one of the many real estate commission lawsuits across the industry, has proposed a trial date in the Western District of Missouri. With the onslaught of news surrounding NAR’s recently proposed settlement, it may seem confusing that Gibson vs. NAR is moving forward. The settlement, however, does not cover many of the… The post Gibson vs. NAR Proposes September 2027 Trial Date appeared...
2024
Above, from left, Lisa Nguyen, Nora Aguirre, Jemila Winsey and Anita Legacy Blue In recent years, the real estate industry has been undergoing a transformative shift toward greater diversity, equity and inclusion (DEI). To gain insights into this evolution, we gathered perspectives from four influential women at the forefront of championing DEI initiatives in the… The post Breaking Down Barriers on the...
PropStream, a real estate lead generation platform, has announced it is attending the Brandon Turner REI Summit from May 3-5, 2024, in Denver, Colorado. The event will take place at the Hyatt Regency Denver in the Colorado Convention Center. The REI Summit, hosted by BetterLife, is a conference that gathers real estate investors to learn… The post PropStream to Attend the Brandon Turner REI Summit...
Selling your home is a significant decision. The right strategies can make the process smoother and more profitable. Even in a seller’s market, you can’t take the basics of selling a home for granted. We will cover critical strategies, including professional photography, online platforms and writing compelling descriptions. We aim for clarity, brevity and effectiveness… The post Don’t Forget the...
Forbes Global Properties has announced it has published “Perspectives,” a new report compiling information from more than 17,000 experts, concentrating on 21 luxury real estate markets worldwide. “Through the insights and outlooks of our global network, we paint a vivid picture of real estate’s current state and future trajectory,” said Michael Jalbert, CEO of Forbes… The post Forbes Publishes...
Existing-home sales surged last month, up 9.5% in February, reaching a seasonally adjusted rate of 4.38 million—the largest monthly increase since the same period last year—according to the latest report from the National Association of REALTORS® (NAR). “The uptick in sales activity between January and February is a good sign, but there is some uncertainty… The post Existing-Home Sales Surged in...
“This is not the end. It is not even the beginning of the end—but it is, perhaps, the end of the beginning.” Winston Churchill was referencing battles and war, not real estate, when he spoke those words. But in the lower-stakes context of the National Association of REALTORS® (NAR) settling seller lawsuits last week, the… The post Attorneys Say Legal Battles Will Continue as Companies Face Tough...
The Leading Economic Index (LEI) increased by 0.1% in February to 102.8, marking the first time in two years the business-cycle monitor showed an uptick, thanks in part to residential construction, according to the latest release from The Conference Board. According to the latest report, the increase follows a 0.4% decline in January. Over the… The post Residential Construction Helps Drive First...
After two consecutive weeks of declines, mortgage rates are back on the rise this week, up to 6.87% from last week’s average of 6.74%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. This week’s numbers: The 30-year FRM averaged 6.87% as of March 21, 2024, up from last week… The post Mortgage Rates Back on the Upswing, Nearing 7% appeared first...
Fannie Mae’s most recent economic projections, up to March 2024, suggest that mortgage rates will remain elevated for a while longer. Per Fannie Mae’s Economic and Strategic Research (ESR) Group, the 30-year mortgage rate is now projected to sit at 6.4% by the end of 2024–higher than the previously projected 5.9%. This will likely cause… The post Fannie Mae Projects Higher Mortgage Rates For...