If there’s one thing buyers don’t want after closing, it’s finding out that the costs to own and maintain their new home are not what they’d expected. They’re higher, and sometimes much higher. That’s why it’s imperative for you as their trusted agent to help determine future finances and share the information with them before…
Existing-home sales increased by 1.5% month-over-month and decreased by 2.2% year-over-year, according to the National Association of Realtors®’ (NAR) Existing-Home Sales report. The report provides the real estate ecosystem, including agents, homebuyers and sellers, with data on the level of home sales, price and inventory. Month-over-month sales increased in the South and West, held steady…
Compass and multiple top executives are facing a class-action lawsuit from an Anywhere stockholder focused on the merger between the two companies, with the plaintiff claiming that back-channel efforts to get the deal approved created risk for the company and misled investors. Filed late last week in federal court in New York City, the lawsuit…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Zillow pleas fall on deaf ears On Oct. 5, the U.S. Supreme Court officially declined Zillow’s appeal to hear a class-action shareholder lawsuit, formally known as Jaeger v. Zillow Group Inc. In the…
Editor’s Note: The Mortgage Mix is RISMedia’s highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. The numbers: Mortgage rates continue to reach new highs each week, quickly climbing in the 7% range and hitting a “nearly three year high,” as noted by Mortgage Bankers Association (MBA) President and CEO Bob…
Above, Sara Bronin Global tensions and economic pressures pushed builder sentiment lower this past September, but a new platform may offer respite for developers, researchers and property owners. Land Use Labs—a zoning data and services company—launched early last week with six data products aimed at providing accurate zoning information. Founder Sara Bronin, a George Washington…
Borrowers looking to purchase or refinance their homes continue to sit on the sidelines, hesitant to make a move as mortgage rates sailed past the seven-percent mark and arrived at their highest level in almost three years–at one point hitting 7.49% last week. The latest Market Composite Index from the Mortgage Bankers Association (MBA)—its measure…
As mortgage rates surpass the 7% threshold and revisions to the latest jobs report reveals a lackluster employment trend, buyers have continued to traverse a chaotic market with rising inflation against them. Yet, a recent study by nationwide mortgage lender and loan servicer Newrez reveals that despite financial struggles, homeowners are still confident in their…
Editor’s note: Econ Review is a roundup of the housing and economic market data reports released during the month. Typically, the real estate industry enters a slower period as the end of the year approaches. The cold seasons bring a deceleration in sales and other activity, and September ushers in the transition period between the…
Above, from left, Rajeev Sajja, Marki Lemons Ryhal, Amy Gromowski, Matthew Rathbun and Charles Oppler. Photos by AJ Canaria. WASHINGTON, D.C.—Real estate brokerages can’t treat AI as a shortcut, or they’ll expose their agents and companies to untold risks, a panel of industry experts said during RISMedia’s 38th Annual CEO & Leadership Exchange on Oct.…
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