Consumer views on the economy continue to muddle for another month as the Iranian conflict looms over oil and gas prices, according to the latest Survey of Consumers from the University of Michigan. The index of Consumer Sentiment fell 6.6% month-over-month to 49.8 (from 53.3 in March), down 4.6% year-over-year and is “now comparable to…
Chicago-based MLS Midwest Real Estate Data (MRED) just announced a seemingly transformative nationwide expansion of its platform (and private network), aiming to give agents across the country access to an MLS-backed platform for so-called “pre-marketed” properties as the industry rapidly shifts toward these new options. In an announcement shared with RISMedia, Compass International Holdings (which…
If you’re a homeowner who thinks about risk, then you’ve probably looked into where your home sits relative to sea level. What about homes right on the coast? As climate change raises global temperature and sea levels continue to rise, coastal properties are naturally at the most risk. A few high-profile studies have even claimed…
Above from left, Brian Buffini and Darin Dawson Real estate coaching and education giant Buffini & Company has announced that company Founder and CEO Brian Buffini is stepping into the role of chairman and founder as Chief Revenue Officer Darin Dawson ascends to the CEO role. According to the company, the new structure follows the…
Above, Lacey Conway HomeServices of America has appointed Lacey Conway as senior vice president, expanding her leadership role across the company’s national platform. In the position, Conway will work closely with the operating company leaders and their teams to support growth initiatives, strengthen company culture and enhance value propositions aimed at attracting and retaining agents. …
Mortgage rates have reached their lowest point since mid-March but economists worry inflation and economic uncertainty caused by tensions in the Middle East will result in temporary decreases versus more sustained stability. The average mortgage rate ticked down 7 basis points to 6.23%, down from 6.30% last week, according to the latest Primary Mortgage Market…
A woman is suing Bank of America and a Virginia-based appraiser for racial discrimination, the latest Fair Housing-related lawsuit alleging that lenders and appraisers undervalue homes based on the race of the occupants. Darchelle Braxton, a Black woman who last summer attempted to secure a loan for home improvements on an investment property, claims an…
An average of 7.6% of potential homebuyers searching on Zillow also shop for rentals, according to Zillow’s new report on “dual shoppers,” highlighting the continued affordability challenges faced across the U.S. as buyers weigh their options. Overall, in the U.S., Zillow found that it is typically $415 cheaper to rent than own (including mortgage payments,…
MAVERIX has entered into a strategic partnership with Fogline Advisors to expand advisory services across brokerage, proptech and mortgage sectors. According to a release, the collaboration is designed to provide integrated M&A and strategic advisory capabilities as those segments of the housing industry continue to converge amid consolidation pressures, margin compression and increased competition for…
Less than a month ago, a federal judge handed the National Association of Realtors® (NAR) a major win; now that win will be reviewed by a higher court. Douglas Hardy, Glenn Champion and Dylan Tent are pressing forward with their antitrust challenge to NAR’s MLS policies, filing a Notice of Appeal just three weeks after…
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