Above, Eric Gallus and Jillian Young When one of the industry’s most successful regional brokerages joins forces with one of the biggest and most forward-thinking national real estate networks, it’s the purest definition of win-win. And that is precisely what occurred with the recent partnership of Premiere Plus Realty (PPR), the Naples-based, No. 2 market-share… The post Joining Forces for Mutual...
In CoreLogic’s latest Homeowner Equity Report for the first quarter of 2024 released June 6, U.S. homeowners with mortgages (which account for roughly 62% of all properties) saw home equity increase by 9.6% year-over-year, representing a collective gain of $1.5 trillion and an average increase of $28,000 per borrower since the first quarter of 2023.… The post Homeowner Equity Spikes to All-Time High of...
Joe Ventrone, former National Association of REALTORS® Vice President of Federal Policy and Industry Relations, received the Carl A.S. Coan, Sr., Lifetime Achievement Award for Public Service at the National Housing Conference’s annual Housing Visionary Awards Gala on June 5. The event honored individuals whose unwavering commitment and innovative solutions are making significant strides in… The post...
The U.S. added 272,000 jobs to the market in May, higher than the average monthly gain of 232,000 over the prior 12 months, according to the latest data from the Bureau of Labor Statistics. The unemployment rate saw little change at 4% as well as the number of unemployed people, at 6.6 million. Both measures… The post May Sees a Stronger Jobs Report; Experts Give Mixed Reviews appeared first on...
“Plug-and-play…move-in ready…no assembly required.” Well, maybe not that last one, but often, prospective homebuyers have little interest in houses not in perfect condition. Or ones that are not exceedingly neat and clean. It can present a problem for agents once in a while… Bingo! You’ve just landed a new listing through a referral. It’s an… The post Cleaning House: Strategies for Agents...
Property highlights: Location: Los Angeles, California Listing Price: $26 million Features: 1.5-acre luxury compound with eight bedrooms, 16 bathrooms. Added Appeal: Epitome of California living with resort-style amenities including a zero-edge infinity pool, sports court and outdoor entertaining areas. In the storied neighborhood of Brentwood, where Hollywood’s glittering history mingles with...
The National Association of REALTORS® stated that its post-settlement practice changes “eliminate steering,” according to a recent update on the organization’s settlement FAQ page that addresses steering concerns. Steering concerns have been present in conversation since the commission lawsuits across the industry began. The argument presented in Burnett and many other cases is that when… The post...
The National Association of REALTORS® (NAR) had several major wins recently in the U.S. Supreme Court, advancing and protecting property rights around the country. Legal challenges in support of property rights are an important tool in public policy and advocacy, with decisions that have broad regulatory implications around the country. In 2023, NAR submitted two… The post NAR and Property Rights Win...
Are you wondering how to set an accurate price for a home in rough shape? Selling a house in poor condition presents unique challenges, primarily in setting a price that reflects its current state and potential market value. I will provide tips for effective pricing strategies for such properties, unpack the factors influencing their valuation… The post Pricing Strategies for Houses in Poor Condition...
Mortgage rates pulled back again after creeping up over 7% last week, ticking down to just under, averaging 6.99% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. This week’s numbers: The 30-year FRM averaged 6.99% as of June 6, 2024, down from last week when it averaged… The post Mortgage Rates Pull Back Again appeared first on...