Above, Filippo Incorvaia and Sarah Close When real estate professionals, and anyone else for that matter, look back on what happened within the residential real estate industry during 2023-24, normally vital measures such as mortgage rates and number of homes sold will not just take a back seat to the legal issues that have dominated… The post The Buyer Agent Playbook: Brokerage Leaders On Generating New...
Colette Stevenson is CEO of REsides, an innovative Multiple Listing Service (MLS) model that ensures equitable ownership for all stakeholders. Dedicated to empowering brokers and agents with actionable data, she strives to provide value beyond industry conventions. “I believe that MLSs have a huge opportunity to get close to their customers in the midst of… The post Newsmakers Spotlight: Colette...
Reliance has announced its newest partnership with Intero Real Estate Services: designing and launching the Northern California-based real estate company’s new website, which includes a Hyperlocal MLS search experience. “It is a true honor to partner with a company like Intero whose name has become synonymous with the top agents in the business,” said Sean… The post Reliance Designs New Website...
Above, Sarah Hatch Sarah Hatch Vice President of Relocation Lamacchia Realty Waltham, Massachusetts https://www.lamacchiarealty.com Region served: Massachusetts, New Hampshire, Rhode Island, Connecticut, Maine and Florida Years in real estate: 8 Number of offices: 14 Number of agents: 500 Motto/work philosophy that you live by: If you want it, work for it. Describe your journey with… The post...
In a high price market like the one real estate has seen for the past few years, many homeowners have seen a jump in their home equity. So, while home sales have been mostly down, home equity loans have not seen the same decrease. Homeowners looking to borrow against their home equity have never had… The post Why Homeowners Across the U.S. Are Acquiring Home Equity Loans appeared first on...
The Consumer Price Index (CPI) increased 0.3% in April on a seasonally adjusted basis, after rising 0.4% in March, the U.S. Bureau of Labor Statistics reported on May 15. Over the last 12 months, the all-items index increased 3.4% before seasonal adjustment. After hitting a 40-year high of 9.1% in June 2022, inflation has slowed.… The post Inflation Eases in April; Good News for Potential Fed Rate Cut...
Mortgage applications saw a slight increase of 0.5% from last week’s bump of 2.6%, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association (MBA) for the week ending May 10, 2024. This week’s numbers: The Market Composite Index, a measure of mortgage loan application volume, increased 0.5% on a seasonally adjusted… The post Mortgage Applications See Second...
As mortgage rates rose back above 7% in April, and remain high despite a recent decrease, homebuilders are pulling back their hopes for the housing construction market, according to the latest National Association of Home Builders (NAHB) data. The NAHB/Wells Fargo Housing Market Index (HMI) for May registered at 45, six points down from the… The post Mortgage Rates Continue to Plague Homebuilder...
Second Century Ventures, the strategic investment arm of the National Association of REALTORS®, has announced the selection of eight companies for the second annual REACH Latin America (LATAM) cohort. Those selected for the 2024 program will join a portfolio of more than 250 technology companies across six major markets worldwide. NAR stated that the REACH… The post Second Century Ventures Announces...
Bright MLS, which covers the mid-Atlantic regions of the eastern United States, has published its latest report chronicling changes (and continuity) in the region’s housing markets. The report suggests that despite new listings, rising mortgage rates and prices continue to exclude potential buyers–affordability is defined as the central concern for the real estate market. “More… The post Bright...