Above, Josh Jarboe, broker/owner of REMAX Empire Buyers in Kentucky Joe Hayden, in his recent op-ed, criticizes brokerages for innovating outside the MLS while simultaneously admitting sellers deserve choice and flexibility. You can’t have both. The market is evolving, and some brokers are uncomfortable because they can no longer control where consumers search, market and…
Redfin has launched what it is calling Redfin Early Access, a new search category featuring homes “buyers won’t find on other major real estate sites,” which include both Compass Coming Soon listings through a previously announced partnership as well as properties listed through the company’s brokerage. According to a release from the portal, the category…
Matt Langguth is a high-producing agent and team leader at Las Vegas’s huntington & ellis, where he balances his own production with mentoring a six-member team. After a decade-long rise from solo agent to director and partner at Galindo Group Real Estate, also in Las Vegas, helping grow it from 18 to 185 agents and…
As some sales activity picked up toward the end of the spring season, with housing starts seeing an unexpected boost, the latest data from the National Association of Home Builders (NAHB) observed a slight pickup in homebuilder confidence. However, as market and economic challenges persist, builders still remain overwhelmingly cautious about their businesses. The May…
Many prospective home buyers seek out older houses in St. Louis over newer, modern builds because of their unique charm and character. St. Louis is home to a variety of distinctive houses, from cute bungalows and “gingerbread” style Tudor revivals to more stately Soulard historical builds. Many of these homes are filled with one-of-a-kind features, like stained glass windows, beautiful hardwood floors, and built-in shelves and cubbies.
In the ever-going search for affordability in the market, new research identifies that while prices may be higher on newly built homes, they cost less in the long run for homebuyers than existing homes. Realtor.com®’s new report on the total cost of homeownership found that homebuyers purchasing newly built homes can save $25,335 on average…
Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. – Rocket Mortgage has filed a lawsuit against rival United Wholesale Mortgage (UWM), seeking $100 million in damages. Rocket has accused UWM of profiting off of loans it sold to Mr. Cooper, which Rocket…
Rocket Mortgage filed a lawsuit against United Wholesale Mortgage (UWM) on May 14, seeking nearly $100 million in damages for allegedly breaching a non-solicitation agreement tied to mortgage servicing rights purchases, according to a complaint filed in the New York Supreme Court’s Commercial Division. The lawsuit centers on three bundles of mortgage servicing rights that…
Homesellers navigating renovations and repairs before listing are facing a complex landscape shaped by economic pressures, evolving expectations and persistent industry challenges. With many buyers seeking turnkey homes, making all the fixes can be problematic financially. Greatbuildz.com Co-CEO Jon Grishpul points out major renovation pain points, myths and realities. Pain points Cost overruns and budget…
Mortgage rates ticked down slightly this week despite inflation concerns rising after this week’s CPI report. The average mortgage rate decreased 1 basis point to 6.36% down from 6.37% last week, according to the latest Primary Mortgage Market Survey® (PMMS®), released by Freddie Mac Thursday. Bright MLS Chief Economist Lisa Sturtevant said mortgage rates may…
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