News ? RISMedia
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RISMedia?s 2024 Power Broker Report: Continued Pain, Then Hopes of Gain
Inflation. Interest rates. Inventory shortage. Add to that a court decision that found major real estate players guilty of price fixing?along with the contagion of copycat lawsuits that ensued?and 2023 goes down as potentially the most trying year in the history of residential real estate. Plagued by a post-pandemic housing recession that is stretching into…
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BoomTown Confirms System-Wide Hack by Third-Party
BoomTown ROI, a real estate proptech company, confirmed Thursday that the cause of a multi-day system outage affecting potentially thousands of real estate professionals, was a system-wide hack from a malicious third-party source that began on April 10. The company, which provides real estate management software including IDX websites, lead generation and management and CRM…
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New-Home Mortgage Applications Jump in March Despite Fewer Sales, MBA Reports
In a mixed bag for housing, mortgage applications for new homes jumped in March, while new-construction sales simultaneously fell amid affordability woes, according to the Mortgage Bankers Association (MBA). Mortgage applications for new-home purchases rose 6.2% in March compared to the same period last year, according to data from the MBA?s Builder Application Survey (BAS).…
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Nothing but Full Service-Plus Works for Kansas City Team
Erin Peel remembers poring through the pictures in her mother?s heavy and closely guarded MLS book when she was just a kid in Kansas City ? and while her mom left the real estate business after several years, the image of all those lovely homes stayed with her. Her path to real estate was not…
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Ask The Newsmakers: Making Fair Housing a Reality for All
From left, Anthony Domathoti, Mariel Pamintuan-Esguerra, LaMarcus Thurman and Jemila Winsey Real estate professionals are on the frontlines when it comes to advocating for fair housing and the future of our industry. As we commemorate Fair Housing Month in April, we asked some of our 2024 Real Estate Newsmakers who have a reputation for community…
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National Homebuilders Association Researches What Buyers Want
BuilderBooks, the publishing arm of the National Association of Home Builders (NAHB) recently released the fourth edition of ?What Home Buyers Really Want.? ?Based on a comprehensive nationwide survey of recent and prospective homebuyers, ?What Home Buyers Really Want? offers unparalleled insights into the pulse of today?s housing demands,? said Carl Harris, chairman of the…
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Understanding the Importance of Septic Inspections as a Buyer and Homeowner
Septic tank inspections are crucial for any homeowner considering the purchase of a house with a septic system. I will cover the inspection process, identify who should perform it and explain its importance. A septic system handles a home’s wastewater, making its condition vital for property value and health standards. Inspections can prevent future expenses…
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Existing-Home Sales Decline in March
After a promising start to the year, existing-home sales declined 4.3% in March, to a seasonally adjusted annual rate of 4.19 million, according to the latest report from the National Association of REALTORS® (NAR). This represents a 3.7% decline year-over-year (in March 2023, home sales were 4.35 million). After dropping to the lowest level in…
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Mortgage Rates Exceed 7% for First Time This Year
Marking a third straight week of increases and moving over 7% for the first time this year, the 30-year fixed-rate mortgage (FRM) averaged 7.10% this week, up from last week?s increase to 6.88%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. The numbers: The 30-year FRM averaged 7.10 percent…
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The Buyer-Agent Playbook: How Mortgage Mastery Can Boost Your Value Prop
The Buyer-Agent Playbook is a new iteration of RISMedia?s biweekly Playbook segment, specifically centering on buyer agency and how agents are navigating the changes and trends in a post-NAR-settlement environment. The series will provide brokers and agents with insights and information to ensure they not only survive but thrive in these challenging times. Industry professionals…
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