A down payment on a home is a crucial part of the financial hurdle that homebuyers need to pass before they can think of closing, but in the current market, how long of a wait is that? According to the latest report from Realtor.com®, the current average for saving for a down payment on a…
The post Average Time Saving for a Down Payment Now Seven Years: Realtor.com appeared first on RISMedia.
Home-price growth remained weak in October, with experts pointing to continued inflation and elevated mortgage rates as the cause, according to the latest data. The October S&P Cotality Case-Shiller Home Price Index found that home-price growth posted a 1.4% annual gain, slightly up from a 1.3% rise in the previous month. Nicholas Godec, head of…
It’s all smiles because the work is done. You’ve expertly guided a client through the long and winding home-buying process to the point where they’ve found what they want and made an offer that was accepted. They’re happy, the seller’s happy, and you’re happy. All that remains are the usual mundane details. What could go…
Above, top row from left, Jacki Louh and Shannon Murree; bottom row from left, Sue Pinky Benson and Rob Cleapor Today’s consumers are more tech-savvy than ever, so if your marketing strategies aren’t up to speed, they’ll likely scroll on by. In an upcoming session at RISMedia’s 6th Annual Real Estate’s Rocking in the New…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Compass accuses NWMLS of dragging its feet in lawsuit discovery On Christmas Eve, Compass’s attorneys were not feeling the giving spirit from lawyers representing NWMLS as the two parties wrangle over discovery in…
Above, Vicki Negron A Brooklyn, New York resident for more than 50 years, Vicki Negron was doing very well selling television advertising for major broadcast companies when she began comparing notes with a neighbor who was selling real estate. “I was working around the clock,” Negron said. “My neighbor was putting in fewer hours and…
Pending home sales are pulling through the end of 2025 with a strong performance, rising both monthly and yearly due to what experts say is some market stabilization, according to the latest data from the National Association of Realtors® (NAR). NAR’s Pending Home Sales report for November found that sales rose 3.3% month-over-month, up from…
Above, top row from left, Athena Peterson and Koby Bishop; bottom row from left, Alisha Collins and Debra Beagle As housing demand and prices increase, financial obstacles can make homeownership feel out of reach for today’s homebuyers. But as a trusted real estate professional, there are several steps you can advise them on to help…
Around 7:14 a.m. on a random Thursday, someone in nearly every brokerage office, group chat, or Slack channel sends the same message: “Did you see the news?” Another merger. Another acquisition. Another domino in a consolidation cycle that’s starting to feel less like a phase and more like the industry’s new operating system. The headlines…
As a new year comes up around the corner, how are consumers feeling about the economy as this year ends? The latest monthly Consumer Confidence Index update, assembled by The Conference Board, found that confidence was down in December. The November Consumer Confidence Index, which was reported at the time as a sharp drop, saw…
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