Pending Home Sales Jump 3.4% in March, Expected to Continue Upward Trend
April, 25 2024
Despite rising mortgage rates, pending home sales jumped 3.4% in March, according to the latest housing report from the National Association of REALTORS® (NAR). Transaction volumes in the Northeast, South and West bore witness to monthly increases, as the Midwest was the only region to have recorded a loss. Year-over-year however, only the Midwest and…
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Buyer Agent Playbook: How a Successful Team Leader Is Facing Industry Change
April, 25 2024
Above, Scott Harris Editor’s Note: 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…
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Mortgage Rates Still Going Up
April, 25 2024
After exceeding 7% last week, the 30-year fixed-rate mortgage (FRM) continued to rise, this week averaging 7.17%, up from last week’s average of 7.10%, according to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday. This week’s numbers: The 30-year FRM averaged 7.17% as of April 25, 2024, up from last week…
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Anywhere Q1 Results: Slide Continues With Net Loss of $101 Million
April, 25 2024
In a Q1 2024 earnings call Apr. 25, Anywhere Real Estate reported a $101 million loss for the quarter, continuing a downward, though not as deep, trend for the last few quarters. Generated revenue was $1.1 billion, which follows revenue of $1.250 billion in Q4 2023, down 6% from Q4 2022, when it was $1.323…
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4 Money-Saving Non-Essentials for Buyer Clients Unnerved by Rising Mortgage Rates
April, 24 2024
The last thing you want as a buyer agent after signing a client who is excited to purchase a home is for them to get depressed by elevated mortgage rates and decide to put their search on hold. While nothing changes the numbers, what you can (and should) do is have ideas and recommendations for…
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Thoughts on Leadership: Practical Tools for Transformational Leadership
April, 24 2024
In today’s rapidly changing business landscape, I feel compelled to share my insights on transformational leadership because, now more than ever, effective leadership is critical for inspiring teams and driving sustainable success. As leaders, we are continuously navigating through the ups and downs of organizational life, tackling challenges like unmet goals, legal issues and low…
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Anywhere Celebrates Ninth Graduating Class of ASCEND Program for Future Leaders
April, 24 2024
Anywhere Real Estate Inc. has announced it has celebrated the ninth graduating class of ASCEND: The Executive Leadership Experience. The graduates included 37 real estate leaders, including broker/owners from across the company’s brands. Anywhere offers the ASCEND program to its brand-affiliated broker/owners and rising senior-level leaders of large, multi-office franchisees and distinguished individuals from its…
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Texas @properties Christie’s International Real Estate Affiliate Expands
April, 24 2024
Above, Mike Hoover. Texas real estate brokerage @properties Lone Star Christie’s International Real Estate has announced it is expanding into Fort Worth, bringing on former Monument and Sotheby’s office leader Michael Hoover as regional vice president to run brokerage operations for the new office. This will mark the third office in the Metroplex for the…
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FinCEN Renews Its Geographic Targeting Orders (GTOs)
April, 19 2024
The Geographic Targeting Orders (GTOs) require U.S. title companies to identify and report information regarding beneficial owners when companies are used to purchase residential real estate.
NAR Submits Comment on FinCEN Proposed Rule
April, 19 2024
NAR submitted a formal comment on the Financial Crime Enforcement Network’s (FinCEN) notice of proposed rulemaking regarding Anti-Money Laundering Regulations for Residential Real Estate Transfers.
NAR Property Rights Wins at Supreme Court
April, 19 2024
In the span of just a few days, NAR and property owners won two decisive victories at the Supreme Court in support of property rights.
NAR and MBA Urge GSEs and Regulators to Confirm Support for Buyer Financing
March, 27 2024
NAR and MBA asked the regulators and GSEs to confirm that the custom of excluding seller’s payment of commissions for buyer’s agents will continue to be excluded from the limits on Interested Party Contributions.
NAR Submits Comments to Department of Veterans Affairs on Allowable Fees
March, 27 2024
NAR submitted a letter to the Department of Veterans Affairs (VA), urging them to revise its policies pertaining to fees veterans cannot pay when using their VA home loan benefit.
NAR’s Recent Meeting With DOL; Final Rule Is Effective
March, 11 2024
The U.S. Department of Labor's (DOL) final rule regarding how workers are classified under the Fair Labor Standards Act (FLSA) becomes effective today, March 11, 2024.
Congress Partially Funds Government through September
March, 11 2024
Congress passed a $460 billion spending package to fund several federal agencies through September 30, 2024. Still left for Congress to fund are the remaining agencies. The National Flood Insurance Program (NFIP) is still set to expire on March 22, 2024.
SEC Approves Climate Disclosure Rule
March, 7 2024
The U.S. Securities and Exchange Commission (SEC) voted to approve a significantly scaled-back proposal to require publicly-traded companies to disclose a variety of climate-related information. Learn more.
