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Homebuyers falter as mortgage rates hit new 2024 highs
Requests for purchase loans were down 1 percent week over week and 15 percent from a year ago, according to the latest Mortgage Bankers Association survey.
Fed?s ?higher for longer? gambit may yet cool home price gains
Fannie Mae and MBA economists are now in agreement that mortgage rates will come down only gradually this year and next but that home price appreciation will slow.
New San Francisco showroom offers private islands and yachts
Demand for some of the most exclusive luxuries remains, even as the city of San Francisco itself grapples with plunging home prices and an all-time high in office vacancies.
California Association of Realtors CEO resigns after 2 years
Two years after taking the helm, California Association of Realtors CEO John Sebree has stepped down from his post. His resignation went into effect immediately, with C.A.R. subsidiary Real Estate Business Services (REBS) CEO Debra Ferrier taking over as interim CEO as the Association launches a nationwide search for a new leader.
Maxwell?s AI tool probes inner workings of mortgage lending
Mortgage lenders using AskMax no longer need to be database engineers. They can ask for ? and receive ? business intelligence in plain English.
Are real estate?s best-paid CEOs worth the money? DelPrete
Industry expert Mike DelPrete looks at CEO compensation for some of the biggest names in real estate and how it relates to company performance.
Once bright buyer hopes plummet as agents process NAR changes
Agent optimism over future buyer pipelines fell from 44 percent before the deal to 27 percent afterward ? one of the starkest monthly shifts in sentiment that Intel has recorded in the last year.
Decades of NAR membership data has vanished amid enrollment dip
Each month, the trade group publicly reports the size of its ranks and other data on its official website. But as recently as this month, state-by-state and national data is nowhere to be found.
Sign a buyer brokerage agreement to see a property? No way!
Buyers and sellers are confused about the new rules of the road. Trainer Bernice Ross and Jeff Lobb discuss how agents can change up the conversation and add clarity and confidence.
Will listing agents have the upper hand post-NAR settlement? Pulse
Share your back-in-the-saddle, boots-on-the-ground perspectives now that NAR's settlement has received preliminary approval.
When it comes to choosing a brokerage, one size does not fit all
Conrad Miller shares what the right brokerage can do for your professional growth and personal satisfaction at every stage of your real estate career.
CoStar Group tallies Q1 revenue growth on success of Homes.com
The Virginia-based commercial and residential real estate behemoth released its first-quarter earnings on Tuesday, which revealed the company grew its revenue 12 percent year over year to $656 million. The company remained profitable, although its net income dropped 91 percent from $87 million in Q1 2023 to $7 million.
With Matterport buy, CoStar makes it a ground game
Digital twin creation company Matterport has sold to CoStar, parent of home search experience Homes.com and Zillow's chief rival. The deal stands to greatly increase the amount of industry data available to the company for use in its appeal to both real estate agents and consumers.
UHM revamps leadership team to support growing national footprint
Ohio-based Union Home Mortgage boosted its market share by acquiring Amerifirst Home Mortgage. Now it's got a new divisional leadership structure to support its "rapidly expanding, nationwide footprint."
Corcoran agent finds her home fraudulently listed on Airbnb
Sarah Stewart only learned her Hamptons vacation home was fraudulently listed on the rental platform after someone called her to confirm that they should wire $25,000 outside of the Airbnb platform.
Be everywhere with Adwerx?s latest digital advertising solution
Adwerx's new product involves customers being able to showcase their brands, messages and services on alternative public digital displays, such as retail map kiosks, bus stop screens, office building information panels, digital billboards and anywhere else that a consumer looks for information.
WeWork creditors urge consideration of Neumann?s offer
The company's unsecured creditors seem to be tiring of its piles of debt, and say that to not seriously consider the ex-CEO's generous bid on the company is "inexcusable."
38% of homeowners couldn?t afford their home in today?s market
Consistent home price appreciation is touted as the main benefit of homeownership; however, runaway home price growth over the past five years has homeowners feeling locked into a financial prison. According to Redfin's latest market study, 38 percent of 3,000 homeowners said they couldn't afford their home if they were to buy it today. As a result, homeowners are staying in place much longer ? 59 percent said they've been in their home for at least 10 years and 21 percent have been in their home for at least five.