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Mortgage Rates Hold Firm Going Into Thanksgiving Weekend

The 30-year fixed-rate mortgage (FRM) averaged 3.10%, unchanged from last week, according to the latest Primary Mortgage Market Survey (PMMS) from Freddie Mac. Mortgage details: 30-year fixed-rate mortgage averaged 3.10% with an average 0.7 point for the week ending Nov. 24, 2021, unchanged from last week. A year ago, the 30-year FRM averaged 2.72%. 15-year fixed-rate mortgage averaged 2.42% with an average 0.7 point, up from last week when it averaged 2.39%. A year ago, the 15-year FRM average...
Tags: Feature, Real Estate, News, Senate, Interest Rates, Radio, House, Treasury, Teams, National, Biden, Mortgage Rates, Agents, Latest News, Industry News, Fed


Mortgage Applications Up in November, With Refis Making Up More Than Half of the Share

Mortgage applications increased 1.8% for the week ending Nov. 19, 2021, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The refinance share of mortgage activity increased to 63.1% of total applications from 62.9% the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 3.4% of total applications. The FHA share of total applications decreased to 8.6% from 8.9% the week prior. The VA share of total applications decreased to 10....
Tags: Real Estate, News, Mba, Usda, Radio, Teams, National, Lending, Federal Reserve, Financing, Agents, Latest News, Industry News, FHA, Kan, Consumer


RE/MAX Reports Preliminary Q3 2021 Results

RE/MAX Holdings, Inc. recently announced preliminary operating results for the third quarter ended Sept. 30, 2021. “We achieved record third quarter revenue, Adjusted EBITDA and Adjusted EPS driven by contributions from the largest Independent Region acquisition in our history, broad-based performance in our core operations, and a healthy housing market,” said Adam Contos, RE/MAX Holdings chief executive officer, in a statement. “Our performance reaffirmed that the investments we’ve made in rece...
Tags: News, Radio, Revenue, National, Financial Results, Latest News, Industry News, EBITDA, Holdings Inc, Holdings, Real Estate News, Adam Contos, Brokers, RE/MAX, Real Estate Brokerage, Contos


Window to the Law: Criminal Background Checks and Fair Housing

Editor’s Note: This is part of a monthly video series from the National Association of REALTORS® (NAR) to inform and educate members about important aspects of being a real estate professional. Watch for this series each month in RISMedia’s Daily Real Estate Advisor. Overly broad bans on renting to individuals with criminal records may lead to costly fair housing violations. Watch the latest Window to the Law video from NAR to learn tips on how to review your criminal record screening policy to...
Tags: Feature, News, Law, Radio, National, Agents, Latest News, Industry News, NAR, National Association of Realtors, Brokers, Fair Housing, Background Check, Lead Story, Real Estate Education, National Association of REALTORS®


New-Home Sales Continue Upward Momentum as Buyer Demand Remains Strong

Sales of new single‐family houses increased 0.4% in October 2021, posting a seasonally adjusted annual rate of 745,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development.  This is 23.1% below the October 2020 estimate of 969,000. Market breakdown: New-Home Sales: 745,000 For-Sale Inventory: 389,000 Months’ Supply:  6.3 Median Price: $407,700 What the industry is saying: “After a significant increase in September, new-home sales improved even further in Octo...
Tags: Real Estate, News, Housing Market, Radio, Teams, Hud, National, Agents, Latest News, Industry News, U S Census Bureau, Consumer, Department of Housing and Urban Development, Census Bureau, Real Estate News, Brokers


Fair Housing Isn’t Enough: Report Shows Racial Disparity Fight Still Needs Support

Overall, overt housing discrimination has lessened through the years following regulations guided by Fair Housing laws; however, it is nowhere near completely dissipated. And while some may not be able to identify it in their day to day, the diversity homeownership gap is a clear example of the persisting challenges that must be addressed, as discussed by the National Association of Real Estate Brokers (NAREB) (SHIBA) Report. In fact, the study found that the gap in homeownership between Black...
Tags: Real Estate, News, Minneapolis, Diversity, Housing Market, Radio, Teams, National, Pope, Lending, Discrimination, Agents, White, Black, Latest News, Industry News


Suburbia Trending as Work-From-Home Options Grow

Suburban housing demand is increasing, according to a new report from realtor.com®, as work-from-home and flexible schedule options become the norm, allowing potential homebuyers to purchase outside their commuting zone. The findings: Share of suburban home shoppers increased 42.1% since the onset of COVID and took a 24% bigger share on September realtor.com® views than listings in urban areas Suburban housing is still relatively affordable compared to expensive urban areas, but buyer demand i...
Tags: Real Estate, News, Housing Market, Radio, Luxury, Teams, National, Agents, Suburbs, Homeowners, Latest News, Industry News, Homebuying, Suburbia, Hale, Consumer


SCV Announces Early Acceptances to 2022 REACH Australia Program

Second Century Ventures, the strategic investment arm of the National Association of REALTORS®, recently announced the early acceptance of three companies as part of the 2022 REACH Australia program. REACH Australia is a scale-up program that helps propel technology companies throughout the real estate, finance, banking, home services and insurance industries in Australia and Southeast Asia. The companies chosen for early acceptance to the 2022 REACH Australia program are as follows: Futurerent:...
Tags: Technology, News, Australia, Southeast Asia, Marketing, Radio, National, Latest News, Industry News, Soho, NAR, APAC, National Association of Realtors, Real Estate News, Reach, Real Estate Technology


Global Spotlight: Living in the Lap of European Luxury

Above: Thonon-les-Bains Established in 2015 and located along the French shores of Lake Geneva, the team at Leman Property continues to raise the bar with their steadfast commitment to putting people first. Dedicated to working hand-in-hand, sharing the same objectives, values, professionalism and convictions, the team works together to bring their clients’ dreams to life. Here, Co-Founder Loïc Daly takes us inside the picturesque real estate market. Daly Please describe your current housin...
Tags: Europe, News, Business Planning, Business Model, Radio, Luxury, Middle East, Switzerland, National, Latest News, Industry News, French Alps, Luxury Real Estate, Lake Geneva, Annecy, Brokers


Brokers: Videos From RPR Will Help You Learn, Activate and Implement 5 Unique Tools

RPR’s Broker Tools give brokers access to a collection of resources and benefits to help them succeed. This series of video tutorials make it easier than ever to understand and implement five unique benefits: Company Branding, Custom Pages, Affiliated Service Modules, AVM Widget and Deep Links. Watch these videos to learn how to use RPR’s Broker Tools to your advantage! The post Brokers: Videos From RPR Will Help You Learn, Activate and Implement 5 Unique Tools appeared first on RISMedia.
Tags: Technology, News, Marketing, Radio, National, Latest News, Industry News, Best Practices, NAR, RPR, Real Estate Marketing, Brokers, RPR®, Unique Tools, National Association of REALTORS®


Sotheby’s and Realogy Partner on Acquisition of Concierge Auctions

Sotheby’s and Realogy Holdings Corp. recently acquired Concierge Auctions, a global luxury real estate auction marketplace. Under the terms of the agreement, Sotheby’s and Realogy will take a joint 80% ownership stake in Concierge Auctions, while company co-founders Chad Roffers and Laura Brady will remain president and chief executive officer, respectively. Concierge Auctions will operate independently, continuing to partner with real estate agents affiliated with many of the industry’s leading...
Tags: Real Estate, News, Radio, Auctions, Chad, National, Sotheby's, Latest News, Industry News, Laura, Brady, Dallas Texas, Sotheby, Real Estate News, Lake Como Italy, Board of Managers


Real Estate Marketing Ideas for the 2021 Holiday Season

The most wonderful time of the year is upon us. Holidays are fast approaching, and though it can be easy to get swept away in the excitement, it is important to keep up marketing efforts for your real estate business. In addition to your routine marketing strategy, adding in some seasonal and holiday-specific content this time of year can boost engagement and help keep you top-of-mind. Not sure what to share? Here are some ideas for both online and in-person, to spread joy and highlight your bra...
Tags: Feature, News, Marketing, Business Planning, Social Media, Social Media Marketing, Radio, National, Agents, Holiday Season, Branding, Latest News, Industry News, Best Practices, Success Tips, Host


Fathom Announces Closing of Underwritten Public Offering of Common Stock

Fathom Holdings Inc. recently announced the closing of its previously announced underwritten public offering of 1,750,000 shares, inclusive of 350,000 secondary shares of its common stock at a price to the public of $25.00 per share. The company also granted the underwriters of the offering a 45-day option to purchase up to an additional 15% of the shares of common stock offered in the underwritten public offering on the same terms and conditions. After the underwriting discount, the company rec...
Tags: Real Estate, News, Radio, Stocks, National, Latest News, Industry News, Harley, Real Estate News, Stephens Inc, ROTH Capital Partners, Davidson Co, Brokers, Real Estate Brokerage, Fathom Realty, Joshua Harley


Real Estate Forecast Summit Happening on Dec. 15

NAR PULSE—Join National Association of REALTORS® Chief Economist Dr. Lawrence Yun and a panel of experts for this free webinar, Dec. 15 from 1 to 3 p.m. ET. They will review 2021 and discuss the forces that will shape the real estate market and the economy in 2022. Topics include economic, housing and commercial market outlooks. Register today! New! REALTOR® L.E.A.D DEI Course The REALTOR® L.E.A.D. learning experience has launched a brand-new course that unpacks diversity, equity and inclusion ...
Tags: News, Housing Market, Radio, National, Agents, Latest News, Industry News, Best Practices, NAR, Real Estate News, Lawrence Yun, Brokers, Real Estate Education, REALTOR® Store, National Association of REALTORS®, Real Estate Courses


Updater Raises $60M in Funding to Grow in Relocation Market

Updater Technologies, a technology platform powering the relocation industry, has announced it closed approximately $60 million of funding. Investors in the new convertible note round include multiple long-time backers of Updater, including Second Century Ventures, the strategic investment arm of the National Association of REALTORS®. Updater has closed approximately $60 million, with an option to raise approximately $15 million in additional capital, for a potential total $75 million convertibl...
Tags: Real Estate, Technology, News, Radio, United States, National, Moving, SoftBank Capital, Latest News, Industry News, NAR, Real Estate News, David Greenberg, Relocation, Real Estate Technology, Josh Abrams


MBA Introduces 2022 Affordable Rental Housing Advisory Council

The Mortgage Bankers Association (MBA) recently announced the members of its 2022 Affordable Rental Housing Advisory Council. The Advisory Councils on affordable rental housing and affordable homeownership were formed in 2019 to provide important strategic and practical guidance to MBA’s CONVERGENCE Initiative, the association’s affordable housing effort. “This Council will guide our efforts in bringing together key stakeholders to work on solutions aimed at affordable rental housing,” said Stev...
Tags: Renting, News, Homeownership, Housing, Mba, Radio, National, Affordability, Cbre, Latest News, Industry News, Advisory Council, Garland, Staton, Steve O Connor, Real Estate News


Zillow Subject of Multiple Lawsuits Over iBuying

The hits keep on coming for Zillow. After first pausing in October and then officially sunsetting its iBuying business earlier this month, Zillow has now been hit by two investor class-action lawsuits that claim, among other things, that the real estate giant “made materially false and/or misleading statements” in regards to iBuying, failing to disclose to investors many fundamental issues that plaintiffs claim made it “reasonably likely” that Zillow would have to abandon the model. Both suits a...
Tags: Real Estate, News, Radio, National, Seattle, Zillow, Latest News, Industry News, Real Estate News, Zillow Group, Jesse Williams, Jeremy Wacksman, Zillow Group Inc, Real Estate Brokerage, Allen Parker, Richard Barton


Millennials Collaborating to Attain the American Dream of Homeownership

The affordability issues in the housing market aren’t going away for younger buyers. The financial challenges hindering millennial homeownership have been well documented between overwhelming student loan debt and record-level home prices. However, some within the cohort are carving their own path to the American dream through teamwork. “Affordability is a key issue for young buyers or first-time homebuyers entering into the market with limited housing inventory, so pooling incomes with a roomma...
Tags: Feature, Real Estate, New York, News, Homeownership, Housing Market, Radio, Millennials, National, Seattle, Smith, Agents, Wall Street Journal, Latest News, Industry News, Homebuying


American Pie: The Main Course for 2022?

There are now a record number of real estate professionals with a seat at the table eyeing a piece of the American real estate pie: a delectable dish made up of nearly seven million ingredients we call transactions, stirred in with a tasty sum of $85 billion paid in real estate commissions last year. But before we watch our wallets expand like a holiday waistline, let’s have a look at how the table has been set. Commission InDOJestion There’s nothing like a DOJ investigation to ruin one’s party....
Tags: News, Interest Rates, Housing Market, Radio, United States, Inflation, Omaha, National, Mortgage Rates, Doj, Agents, Coaching, Latest News, Industry News, Best Practices, Mike Ryan


ERA® Report Examines COVID’s Impact on Global Real Estate

ERA® Real Estate recently released a first-of-its-kind report “The COVID-19 Pandemic’s Impact on Real Estate Around the World: An In-Depth Analysis.” The impact of the COVID-19 pandemic on the real estate industry has been well documented in the United States. Demand outpaced supply with record-low mortgage rates drawing so many buyers in while others took advantage of remote work to vacate urban centers for more affordable locations. To learn how COVID-19’s impact was felt in the housing market...
Tags: Europe, Japan, Real Estate, News, Singapore, Radio, South Africa, National, Latest News, Industry News, Real Estate News, ERA, Sherry Chris, Francois Gagnon, Real Estate Brokerage, Global Real Estate


HGTV’S Sherrod Raising Awareness of Carrier’s Healthy Homes and Real Estate Solutions

Carrier Global Corporation, a provider of healthy, safe, sustainable and intelligent building and cold chain solutions, is further amplifying its Healthy Homes program through a collaboration with Egypt Sherrod, real estate expert, author, radio personality and star of HGTV’s “Property Virgins,” “Flipping Virgins” and the upcoming “Married to Real Estate” series. Carrier’s Healthy Homes program offers a suite of targeted solutions for homes that can help improve the overall health of homes and, ...
Tags: Real Estate, News, Radio, Egypt, National, Carrier, Hgtv, Latest News, Industry News, Supra, Wu, Sherrod, Real Estate News, Egypt Sherrod, Kidde, Healthy Homes


New Climate Action Plan to Reduce Carbon Footprint and Build More Equitable Housing

The U.S. Department of Housing and Urban Development (HUD) released its Climate Action Plan, as part of the Biden-Harris Administration’s approach to confronting the climate crisis. The comprehensive strategy looks to reduce the agency’s energy and carbon footprint in order to build more equitable, efficient and sustainable housing infrastructure. On Thurs., Nov. 18, Secretary Marcia L. Fudge virtually attended the United Nations Framework Convention on Climate Change Conference of the Parties (...
Tags: Real Estate, News, Climate Change, Housing, Environment, Green, Radio, Greenhouse Gas Emissions, United Nations, Hud, Glasgow, National, Green Building, Biden, Department Of Energy, Latest News


FHFA Releases 2022 Scorecard for Fannie, Freddie and CSS

The Federal Housing Finance Agency (FHFA) released the 2022 Scorecard for Fannie Mae, Freddie Mac and Common Securitization Solutions, LLC (CSS). The purpose of the 2022 Scorecard is to hold the enterprises and CSS accountable for fulfilling their core mission requirements by promoting sustainable and equitable access to affordable housing and operating in a safe and sound manner. “The 2022 Scorecard will better position the enterprises to support the housing market throughout the economic cycle...
Tags: Real Estate, News, Css, Radio, National, Latest News, Industry News, Affordable Housing, Freddie Mac, FHFA, Fannie Mae, Real Estate News, Federal Housing Finance Agency, Fannie Mae Freddie Mac, Sandra Thompson, Fannie Freddie


House Passes ‘Build Back Better’ In Big Step for Landmark Bill

The approximately $1.75 trillion “Build Back Better Act,” which dedicates unprecedented funding for a broad swath of social programs including housing, passed the House last Friday, despite stiff opposition from Republicans. The passage inches the bill forward, even as its fate and specific language will be subject to further scrutiny. Real estate advocates have mostly supported the bill, which includes around $150 billion in housing-related investments. The bill must still pass the Senate, wher...
Tags: Feature, News, Congress, Housing, Senate, White House, America, Joe Biden, Radio, House, House Of Representatives, National, Biden, Advocacy, Latest News, Industry News


Existing-Home Sales Down YoY, But Monthly Increases Show Low Inventory Not Holding Buyers Back

Existing-home sales, recording a seasonally adjusted annual rate of 6.34 million in October, bumped down 5.8% compared to last year, according to the latest data from the National Association of REALTORS® (NAR). While they’re lagging behind on a yearly basis, consistent monthly increases show home sales remain relatively stable despite continued challenges impacting affordability, such as low inventory. Single-family home sales increased to a seasonally adjusted annual rate of 5.66 million in Oc...
Tags: Feature, News, Housing Market, Radio, Teams, National, Agents, Latest News, Industry News, Inventory, NAR, National Association of Realtors, Real Estate News, Lawrence Yun, Home Sales, Leslie Rouda Smith


Headliners Week of 11/21 – 11/27

News Catch Up on This Week's Biggest Stories document.createElement('video'); RISMedia Executive Editor Maria Patterson delivers this week's Headliners, a video recap of the week's top stories in real estate. In focus this week: NAR has approved several MLS policy proposals, including display of buyer broker commissions; Lawrence Yun’s session at the NAR ...
Tags: Feature, News, Radio, Mls, National, Zillow, Latest News, Christie, NAR, Yun, Lawrence Yun, Jesse Williams, Paige Brown, Lead Story, Maria Patterson, Paige Tepping


Headliners Week of 11/14 – 11/20

News Catch Up on This Week's Biggest Stories document.createElement('video'); RISMedia Executive Editor Maria Patterson delivers this week's Headliners, a video recap of the week's top stories in real estate. In focus this week: NAR has approved several MLS policy proposals, including display of buyer broker commissions; Lawrence Yun’s session at the NAR ...
Tags: Feature, News, Radio, Mls, National, Zillow, Latest News, Christie, NAR, Yun, Lawrence Yun, Jesse Williams, Paige Brown, Lead Story, Maria Patterson, Paige Tepping


NAR Touts ‘Resounding Progress’ on Several Federal Policy Issues

To say it’s been a busy year for the National Association of REALTORS® (NAR) would be an understatement. From juggling the impacts of the pandemic to vying for investment in housing in Washington D.C., the association has had its hands full throughout 2021. Hundreds of real estate professionals gathered to hear the latest updates on federal issues impacting the industry during NAR’s annual REALTOR® Conference & Expo at the San Diego Convention Center in California. Co-presenters at the session i...
Tags: Feature, News, Congress, California, Washington, Senate, Joe Biden, Radio, Luxury, House, Teams, National, Agents, Young, Latest News, Industry News


Home Prices Keep Shattering Records: How Can Buyers Cope?

(TNS)—Home prices can’t keep going up forever. Can they? During the COVID-19 contagion, Americans proved willing to pay a premium for homes—so much so that home prices shattered all records. Spurred by historically low mortgage rates, lack of inventory and a pandemic-inspired nesting instinct, buyers keep bidding up home prices. The median price of an existing home has topped $350,000 for the first time. The median price of new homes just eclipsed $400,000. This boom is a boon for sellers and a ...
Tags: Real Estate, News, Housing Market, Radio, National, North Carolina, Latest News, Industry News, Homebuying, NAR, McBride, Rust Belt, U S Census Bureau, Bankrate, Consumer, National Association of Home Builders


Freddie Survey Shows Rate Uptick

With widespread uncertainty about the path of inflation and the Fed publicly mulling its own rate hikes and bond tapering, mortgage rates began moving upward this week, jumping 0.12% in the space of a week to 3.10%, according to a new survey from Freddie Mac. “The combination of rising inflation and consumer spending is driving mortgage rates higher,” said Sam Khater, Freddie Mac’s chief economist in a statement. “Shoppers looking to buy a home are fueling strong demand while ongoing inventory s...
Tags: News, Radio, Inflation, Teams, National, Mortgage Rates, Agents, Latest News, Industry News, Fed, The Fed, Freddie Mac, National Association of Realtors, Lawrence Yun, Brokers, Khater



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