Lawmakers and advocates have made many attempts recently to address the affordability crisis that pervades the housing market—some more impactful than others. Legislative bodies have enacted laws addressing private listings, while President Donald Trump recently signed an executive order aimed at cutting costs for title and mortgage insurance and manufactured housing. In tomorrow’s general election,…

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Open Real Estate, the national initiative launched by big brokerage leaders last week that has promised to create a shared “infrastructure” for property listing data, today announced it has received 826 letters of support from real estate brokerage leaders. Behind the strength—and size—of its four founding brokerages (HomeServices of America, AGNT, Keller Williams and Real…

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Mortgage rates are giving homebuyers another reason to hesitate.  The average rate for a 30-year fixed mortgage reached well over 7% in October, its highest level in 13 months, according to Freddie Mac. That followed a climb from 5.98% in late February to 6.65% by Aug. 20, figures cited in a recent U.S. Bank housing-market…

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Despite operating in “one of the hardest mortgage markets in a generation” that’s “punishing” for American families as described by its CEO, Rocket Companies reported Q3 adjusted earnings above Wall Street expectations, with shares rising about 3% in after-hours trading Oct. 29. Rocket reported a GAAP (Generally Accepted Accounting Principles) total revenue of $3.28B, up…

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There’s always been a question about which is the better investment long term, real estate or stocks? Opinions vary, but there is one thing for sure: You can’t reside in your stock portfolio. Another thing for sure is if you ask real estate pros for opinions, you pretty much get the same answer. Those willing…

The post Real Estate or Stocks? Risk Tolerance, Markets Key Most Decisions appeared first on RISMedia.

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Typically, supernatural occurrences at properties can bring home prices down. But it certainly gives more for buyers—and agents—to talk about! In celebration of Halloween—and to encourage the timeless tradition of watching scary movies throughout the season—we are taking a look at some of the most notable houses in horror media. Whether they be real, fictional…

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“Is Open Real Estate a national MLS?” That question, proffered by Open Real Estate itself on its website as soon as the initiative was launched, made it clear the founders—namely, AGNT (eXp and NextHome), HomeServices of America, Real REMAX Group and Keller Williams—knew that at least some in the industry would see that project in…

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After just under five years of litigation, Zillow announced today that it is paying out over $210 million to shareholders who claimed the company misrepresented the company’s ability to predict and profit from flipping homes at the height of the pandemic boom market, resulting in significant losses for the company. “We are incredibly pleased to…

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In a continuation of the company’s acquisition strategy as of late, CoStar announced another is in the works as it recorded another strong quarter of financials. In the company’s Q3 earnings call, Founder and CEO Andy Florance announced that CoStar is in the process of acquiring another company to add to its portfolio: aerial-imagery program…

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The newest results from the Federal Reserve Open Market Committee (FOMC), the rate-setting body that meets roughly eight times per year, varied greatly from the previous one in mid-September, which came with a unanimous vote to hike interest rates, after many economists predicted that outcome. This time there was no rate hike. The Fed left…

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