Westchester Area and Long Island Home Prices Up More Than 10%

April, 26 2024

The latest market report or March from OneKey MLS, covering the southern counties of New York state (from Long Island to the Hudson Valley), shows a year-over-year regional median sales price increase in single-family homes by 10.2%. ($650,000, compared to $590,000 in March 2023). Condominiums and co-ops experienced price increases as well: Condos: $475,000 to $495,000,…

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Keller Williams Blasts Lawsuit by Former CEO as ‘Public Relations’ Stunt

April, 26 2024

Lawyers for Keller Williams fired back at former CEO John Davis in a court filing this week, claiming he is using the judicial system as a vehicle for publicity—the latest volley in an acrimonious legal saga that has included a withdrawn sexual assault claim, accusations of wild self-dealing and high-level leadership shake-ups at the mega-franchisor.…

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With New Inflation Data Glum, Lower Mortgage Rates May Have to Wait

April, 26 2024

Hopes for lower mortgage rates soon were tempered Friday as inflation showed little signs of easing in March, with a key report the Federal Reserve eyes closely showing that price pressures remain elevated. The PCE Index, the Federal Reserve’s preferred measure of inflation, rose  2.8% from a year ago in March, the same as in…

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United Real Estate Unveils Financial Wellness Services Nationally

April, 26 2024

United® Real Estate has announced the official rollout of its Financial Wellness Program. The curated bundle of services bridges longstanding gaps for independent contractors. In addition to an ever-growing suite of marketing tools, lead generation tools, and unique commission structures that maximize an affiliate’s income, United’s agents and owners will now have access to a…

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MORTGAGE MIX: Top Loan Officers Indicted for Fraud; Fed Highlights Financial Concerns

April, 26 2024

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. –Rates continue to push above 7%, according to the latest data from Freddie Mac, as new inflation data and slower than expected economic growth have tempered hopes that the Federal Reserve will significantly slash rates…

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Anywhere Named for 5th Time as One of the Best Employers for Diversity

April, 26 2024

Anywhere Real Estate Inc. was named on the America’s Best Employers for Diversity 2024 list, presented by Forbes and Statista Inc. This is the fifth time Anywhere was recognized as a diversity leader by Forbes, reinforcing the company’s long-term commitment to inclusion in real estate. Anywhere ranks among the publication’s top 50 companies, jumping more…

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Women in Real Estate: Navigating the Industry’s Sea Change

April, 26 2024

Above, Vickey Barron The industry has undergone a seismic shift in the wake of the Burnett verdict, prompting a greater emphasis on transparency and consumer confidence. As we prepare for the changes that could inevitably be coming down the pike, some people have taken a more proactive approach. Amid this industry-wide transformation, the Real Estate…

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Newsmakers Spotlight: Ryan Davis at the Forefront of DEI Education, Ensuring Inclusive Leadership and Pathways Across the Industry

April, 25 2024

Ryan Davis, vice president of Diversity, Equity and Inclusion (DEI) at the National Association of REALTORS® (NAR), has evolved into a leader that over 1.5 million members across over 1,000 state and local REALTOR® associations turn to for strategy and guidance. His drive and determination to shape a diverse and inclusive real estate industry is…

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FTC Issues Final Rule Banning Non-Compete Agreements

April, 25 2024

Under the final rule, employers will be prohibited from entering into new non-compete agreements with workers on or after the effective date of the rule. Learn more.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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