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Fractured MLS Landscape Begins Embracing Tech, Consolidation

It is not the flashiest or most dynamic part of the real estate industry. The concept of a Multiple Listing Service, or MLS, goes back more than 100 years when local boards would meet in a dusty office and exchange paper copies of listings. Eventually, these were consolidated into larger volumes accessible by members of local or regional associations, before the dawn of the internet blurred regional lines and gave broad access to listing data for both consumers and real estate professionals. Tod...
Tags: Feature, Technology, News, Michael Barbaro, California, Montana, Washington, New York City, Marketing, Radio, Connecticut, Teams, Wisconsin, Mls, Philadelphia, National


Mortgage Rates Rise to Highest Level Since Onset of Pandemic

Mortgage rates continued their upward trajectory for the fourth straight week, rising to their highest level since the beginning of the pandemic, according to this week’s report from Freddie Mac. According to the agency’s Primary Mortgage Market Survey® (PMMS), the 30-year fixed mortgage rate averaged 3.56% for the week ending Jan. 20, climbing another 0.7 points from a week ago. Mortgage details: 30-year fixed-rate mortgage averaged 3.56% with an average 0.7 point for the week ending January 2...
Tags: News, Radio, Treasury, Teams, National, Mortgage Rates, Agents, Latest News, Industry News, Freddie Mac, U S Treasury, Consumer, Brokers, George Ratiu, Primary Mortgage Market Survey, Freddie Mac According


Report: Inventory Down More Than 40% From Pre-Pandemic Level

As the consumer shopping season wound down in December, real estate demand remained high amidst staggeringly low inventory. Zillow’s latest market report showed housing inventory is down 40.5% versus December 2019—just a few months before the COVID-19 pandemic began. The low-inventory pressure is having a clear and direct impact on home prices, which are continuing to accelerate. The report revealed an annual, record-breaking home value increase of 19.6% in 2021 versus the previous year. Further...
Tags: New York, News, Milwaukee, Sacramento, Atlanta, Austin, Radio, Teams, Miami, Nashville, Buffalo, Rents, Zillow, Agents, Denver, Latest News


Share of Mortgage Loans in Forbearance Decreases to 1.41% in December

The Mortgage Bankers Association’s (MBA) new monthly Loan Monitoring Survey release this week revealed that the total number of loans now in forbearance decreased by 26 basis points from 1.67% of servicers’ portfolio volume in the prior month to 1.41% as of December 31, 2021. According to MBA’s estimate, 705,000 homeowners are in forbearance plans. The share of Fannie Mae and Freddie Mac loans in forbearance decreased 8 basis points to 0.68%. Ginnie Mae loans in forbearance decreased 47 basis po...
Tags: News, Oregon, Radio, Teams, National, Agents, Latest News, Industry News, Walsh, Freddie Mac, Consumer, Fannie Mae, Mortgage Bankers Association, Ginnie Mae, Brokers, PLS


December Marked 3rd Straight Month of Increased Housing Starts for Builders

2021 ended with more good news for home builders, with December seeing the third straight month of new residential construction increases, according to the latest report from the Commerce Department release Wednesday. Growth was primarily driven by a 5% increase of multifamily structures, with the month seeing a 2.3% decrease in single family home construction. Looking at all of 2021, there was 15.6% increase in multifamily housing units versus 2020. Thus, these properties were a significant gro...
Tags: News, Radio, West, Teams, National, December, Agents, Industry News, Builders, Commerce Department, Consumer, NAHB, Brokers, 2021, Lead Story, Housing Completions


Mortgage Applications Increased More than 2% Week-Over-Week

The Market Composite Index, a measure of mortgage loan application volume, increased 2.3% on a seasonally adjusted basis during the week ending January 14, 2022, compared with the previous week. On an unadjusted basis, the Index increased 3%, according to the Mortgage Bankers Association (MBA). The Refinance Index, on the other hand, decreased 3% from the previous week and was 49% lower than the same week one year ago. The seasonally adjusted Purchase Index increased 8% from one week earlier. Th...
Tags: News, Radio, Va, Teams, National, Agents, Latest News, Industry News, FHA, Consumer, Mortgage Bankers Association, Brokers, Mortgage Applications, Refinance Index, Joel Kan, Purchas index


Grass-Roots Development Opposition Hinders Healthy Growth

“Not in my backyard.” That phrase has sounded out so many times—directed at land use experts, local politicians and housing developers—that it now has its own acronym. The NIMBY phenomenon, or NIMBYism can be found in nearly every community across the country, with roots going back 50 years or more. Growth or development that is often vitally, indisputably necessary is met with virulent grass-roots backlash not based on its merits, but instead on its location. People who might support increasing...
Tags: Florida, News, California, Radio, Connecticut, Teams, National, UC, Agents, Ross, Latest News, Industry News, Northern California, NAR, Brinkley, Larson


Builder Confidence Edges Lower on Inflation Concerns

Growing inflation concerns and ongoing supply chain disruptions snapped a four-month rise in builder sentiment even as consumer demand remains robust. Builder confidence in the market for newly built single-family homes moved one point lower to 83 in January, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The HMI has hovered at the 83 or 84 level, the same rate as the spring of 2021, for the past three months. Key findings: The HMI index gau...
Tags: News, Radio, West, Canada, Teams, National, Agents, Latest News, Industry News, Midwest, Northeast, Consumer, National Association of Home Builders, HMI, National Association of Home Builders NAHB, NAHB


Entire Staff Quits Noah’s Bagels In Vacaville In Protest — And Video Goes Viral

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Tags: Business, News, Local, Seen On, Syndicated Local, Noah, Vacaville, Consumer, Kowalski, Vacaville News, CBSN Sacramento Feed, Noah’s Bagels, William Cox Booth, Cox Booth, Bre Kowalski


Where Is iBuying Headed?

Is iBuying here to stay? Over the past two years, that’s been a popular question as industry pundits debated the future of large-scale algorithmic home-flipping in real estate during a time where tech and innovation were on the rise. Real estate experts and leaders are convinced that there is a longstanding place for iBuying in the industry, despite skepticism around the sector, especially following the demise of Zillow Offers.  However, a new question that has yet to be answered is: to what ext...
Tags: Feature, Technology, News, Radio, Teams, National, Zillow, Agents, Black, Redfin, Latest News, Industry News, Kessler, Consumer, National Association of Realtors, Forsythe


Unilever Outlines Strategy Behind $68 Billion GSK Consumer Healthcare Bid

Unilever has outlined why it has tabled three bids, with the latest at around $68 billion, for the Consumer Healthcare division of GlaxoSmithKline (GSK). Following an "extensive" review, the British owner of Ben & Jerry's, PG Tips, Dove and Lipton Tea has decided that its strategic direction should be to "materially expand" its health, beauty...
Tags: Advertising, Unilever, Health and Wellness, Mergers & Acquisitions, Ben Jerry, Consumer, GlaxoSmithKline GSK, Lipton Tea, Consumer Healthcare


Selling the Dream: How One Real Estate Agent Takes to the Water to Show Off South Florida Mansions

(TNS)—On a recent Saturday afternoon, real estate agent Bonnie Heatzig was escorting her clients, visiting from Washington, D.C., on a tour of luxury properties in Boca Raton. But instead of stepping into her car for the start of the tour, they hopped into her family’s boat for a sunny two hour jaunt around Boca’s waterways and exclusive waterfront mansions. Her clients were all smiles as they chatted about which homes provided the best views and had the most potential to live in. Heatzig is sel...
Tags: Florida, News, Washington, Marketing, Radio, Luxury, Teams, Jordan, Agents, Latest News, Industry News, Best Practices, South Florida, Fort Lauderdale, Justin, Boca


National Radon Action Month: What You Need to Know

While most of us are familiar with the word “radon,” the term is most important to those who deal with it. This includes the home inspectors who find evidence of it in a home, and those who mitigate it. The second leading cause of lung cancer, you can’t see, smell or taste radon gas. Even if you’re breathing in an elevated level of radon, there are no obvious signs. In the United States, the Environmental Protection Agency (EPA) estimates that nearly 21,000 lung cancer deaths each year are radon...
Tags: News, Radio, Canada, United States, Teams, National, Agents, Latest News, Industry News, Environmental Protection Agency EPA, Consumer, National Radon Action Month, Brokers, Home Inspections, Pillar To Post Home Inspectors, Dan Steward


How Long Does a Title Search Take

There is one common element to all real estate purchases. It would be best to make sure that the property you are interested in has a clear title. As obvious as this step seems, many seem to ignore it. However, always keep in mind that problems with the property titles generate most issues experienced during real estate transactions. Taking this home buying step seriously is critical. The easiest way to escape these issues is to make a property title search . Here is everything you need to know...
Tags: News, Massachusetts, Radio, Teams, Agents, New England, Latest News, Industry News, Consumer, Bill Gassett, Brokers, Metrowest Massachusetts, Title Search


While Daycares Shut Down, Parents Are ‘Tired Of Being Tired’

(CBS13/CNN) — Jasmine Moorman is having a difficult week. The single mother of five is trying to sort out a logistical mess. She has to take her three oldest children to and from school because their bus driver is out, making her late to her job administering Covid-19 tests. Her sons stay late at an after-school program, so she can pick them up after work. But her daughter isn’t old enough to be eligible for the program, and needs to be taken home earlier — while Moorman is supposed to be at wor...
Tags: Business, Sacramento, Workers, Childcare, Cnn, Delta, David Wilcox, Gould, Martinez, Davenport, Economic Policy Institute, Dallas Texas, Consumer, Jessica Brown, Owensboro Kentucky, Daycare


January Is Radon Action Month

Any property can have a radon problem—old or new, well-sealed or drafty, with or without a basement. The EPA estimates that 1 in 6 homes in the U.S. is affected by radon. Prolonged exposure to unsafe levels of radon can create an increased risk of lung cancer; in fact, radon is the second leading cause of lung cancer after smoking and causes an estimated 21,000 lung cancer deaths each year. There is real risk in not knowing if a property has a high level of radon. What is Radon? Radon is a natur...
Tags: News, Radio, Teams, Epa, January, Agents, Latest News, Industry News, Consumer, Brokers, Radon Action Month, Pillar To Post Home Inspectors, Radon Month


Mortgage Rates Spike to Highest Level Since March 2020

Elevated inflation and the concerns over how federal officials intend to address it led to a significant surge in mortgage rates across the board, according to recent reports from Freddie Mac. According to the agency’s Primary Mortgage Market Survey® (PMMS®), the 30-year fixed mortgage rate averaged 3.45% for the week ending Jan. 13, climbing 0.7 points from a week earlier. Mortgage Details 30-year fixed-rate mortgage averaged 3.45% with an average of 0.7 point for the week—up from last week wh...
Tags: News, Radio, Treasury, Teams, National, Mortgage Rates, Agents, Latest News, Industry News, Freddie Mac, Consumer, Brokers, Homebuyers, George Ratiu, Primary Mortgage Market Survey, Freddie Mac According


Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 1.4 percent from one week earlier, for the week ending January 7, 2022. According to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey, the Market Composite Index, which measures the mortgage loan application volume, increased 1.4 percent on a seasonally adjusted basis from one week earlier. The previous week’s results included an adjustment for the holidays. Key findings: Unadjusted, the index increased 46% compared with the previous w...
Tags: News, Usda, Radio, Va, Teams, National, Federal Reserve, Agents, Latest News, Industry News, U S Treasury, FHA, Consumer, Mortgage Bankers Association, Brokers, Joel Kan


2022 Housing Market Faces Changes Amid Economic and Regulatory Activity

With real estate professionals gearing up for another strong year, two of the industry’s leading experts dove into the most significant economic and regulatory issues on the horizon and their implications for the real estate market, during RISMedia’s Real Estate Rocking in the New Year on Jan. 6. Last year saw record-level activity on home prices and mortgage rates. Still, it also left several challenges facing the housing market this year. During the virtual session “The Economy: Where Do We St...
Tags: Feature, Real Estate, News, Washington, Radio, Luxury, Teams, National, Federal Reserve, Agents, Latest News, Industry News, Consumer Financial Protection Bureau, Consumer, National Association of Realtors, Yun


Mortgage Delinquency Falls to 3.8% in October, CoreLogic Reports

For the month of October, 3.8% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 2.3-percentage point decrease compared to October 2020, when it was 6.1%, according to CoreLogic’s, monthly Loan Performance Insights Report for October 2021. To gain a complete view of the mortgage market and loan performance health, CoreLogic examines all stages of delinquency. In October 2021, the U.S. delinquency and transiti...
Tags: Florida, News, Radio, Bureau of Labor Statistics, Hawaii, Teams, National, Nevada, Agents, Latest News, Industry News, Consumer, CoreLogic, Frank Nothaft, Brokers, Frank Martell


Recall: Beef Processed By Oregon Company And Sold In California Could Contain E. Coli

CLACKAMAS, Ore. (AP) — A meat distributor based in Clackamas, Oregon, has recalled more than 28,300 pounds (12,800 kilograms) of ground beef because of concerns the meat may be contaminated with E. coli bacteria. The raw ground beef products from Interstate Meat Distributors, Inc., were produced on Dec. 20, 2021, and shipped to Oregon, California, Washington, Arizona, Nevada, Utah and Wyoming, according to the U.S. Department of Agriculture’s Food Safety and Inspection Service. The recalled prod...
Tags: Health, California, Oregon, Usda, Wyoming, Recalls, Coli, Consumer, Clackamas Oregon, E. coli, CLACKAMAS Ore AP, Oregon Company, Interstate Meat Distributors Inc, Oregon California Washington Arizona Nevada Utah, WinCo Walmart Kroger, Albertsons Anyone


Looking to Buy a Home With Dogecoin? Washington Developer Will Take Cryptocurrency

(TNS)—A Gig Harbor , Washington -based developer plans to start taking cryptocurrency as payment for its real estate later this month.  Harbor Custom Development, Inc. will accept “digital currencies as payment for its listed land, developed lots, residential homes, condominiums, and apartments in the company’s operating markets in Washington, California, Texas, and Florida beginning Jan. 24, 2022,” it said in a recent news release.  The company plans to take Bitcoin, Ethereum, USD Coin, ...
Tags: Florida, Real Estate, News, California, Washington, Marketing, Radio, Bitcoin, Luxury, Ethereum, Griffin, Cryptocurrency, Latest News, Industry News, Harbor, Austin Texas


Compass Expands to New Hampshire

Compass, Inc. has announced its expansion to New Hampshire with 15 agents in Portsmouth representing an estimated $135 million in 2021 sales volume. Compass includes over 25,000 agents operating in more than 60 markets including Boston, MA, Denver, CO, Houston, TX, Los Angeles, CA, Nashville, TN, New York, NY, Philadelphia, PA, San Diego, CA, San Francisco, CA, and Washington D.C. Visit www.Compass.com for more information. The post Compass Expands to New Hampshire appeared first on RISMedia. ...
Tags: News, Washington, Radio, New Hampshire, Teams, National, Portsmouth, Agents, Latest News, Industry News, Consumer, Brokers, Compass Inc


HomeSmart Files IPO with SEC

HomeSmart has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of its common stock, the company announced Friday. The number of shares to be offered and the price range for the offering have not yet been determined, the company states. HomeSmart has applied to list its common stock on the Nasdaq under the ticker symbol “HS.” J.P. Morgan and BofA Securities will act as lead book-running manage...
Tags: Technology, News, Radio, Teams, SEC, National, Agents, Latest News, Industry News, Best Practices, Stifel, Charlotte NC, Consumer, Stephens Inc, Morgan Securities LLC, Davidson Co


Job Growth Slowed in December as Pandemic Cases Surged

Job growth didn’t meet expectations for the month of December, as COVID-19 cases surged due to the highly infectious Omicron variant. According to the latest data from the Bureau of Labor Statistics, nonfarm payrolls increased by 199,000 and unemployment fell to 3.9%. However, this is behind the Dow Jones estimate of 422,000 for payroll for the month of December. Construction, however, is one of the areas that continued to see an upward trend in jobs, though mainly in the nonresidential sector a...
Tags: Feature, Jobs, News, Radio, Bureau of Labor Statistics, Unemployment, Teams, National, Construction, Federal Reserve, Agents, Latest News, Industry News, Fed, Consumer, National Association of Realtors


The New Year Kicks Off With Raised Mortgage Rates

The 30-year fixed-rate mortgage (FRM) averaged 3.22% for the week ending Jan. 6, 2022, according to Freddie Mac’s latest Primary Mortgage Market Survey® (PMMS®). Mortgage details: The 30-year fixed-rate mortgage averaged 3.22% with an average 0.7 point, up from last week when it averaged 3.11%. Last year, the 30-year FRM averaged 2.65%. The 15-year fixed-rate mortgage averaged 2.43% with an average 0.6 point. Last year, the 15-year FRM averaged 2.16%. The 5-year Treasury-indexed hybrid adjustab...
Tags: Real Estate, News, Interest Rates, Radio, Treasury, Teams, National, Mortgage, Lending, Financing, Agents, Latest News, Industry News, Freddie Mac, Consumer, Real Estate News


HUD Providing Disaster Assistance to Those Affected by Colorado Winds and Fires

The U.S. Department of Housing and Urban Development (HUD) recently announced the implementation of federal disaster assistance for areas in Colorado affected by straight-line winds and wildfires from Dec. 30, 2021, and continuing. On Jan. 1, President Biden issued a major disaster declaration to make Federal funding available to affected individuals in Boulder County, Colorado. Federal funding, provided by FEMA, is also available on a cost-sharing basis for hazard mitigation measures for the af...
Tags: Real Estate, News, Colorado, Radio, Wildfires, Fema, Hud, National, Biden, Natural Disasters, Latest News, Industry News, FHA, Consumer, Real Estate News, Federal Housing Administration FHA


New CFPB Report Finds Three Major Credit Bureaus Providing Insufficient Complaint Responses

A new analysis by the Consumer Financial Protection Bureau (CFPB) reveals how changes in complaint responses provided by nationwide consumer reporting companies resulted in fewer meaningful responses and less consumer relief. In 2021, Equifax, Experian and TransUnion together reported relief in response to less than 2% of covered complaints, down from nearly 25% of covered complaints in 2019. “America’s credit reporting oligopoly has little incentive to treat consumers fairly when their credit r...
Tags: Real Estate, News, America, Radio, Teams, Credit, National, Mortgage, Lending, Loan, Financing, Experian, Agents, Latest News, Industry News, CFPB


Mortgage Applications Down for the Holidays

Mortgage applications decreased 2.7% from two weeks earlier for the week ending Dec. 31, 2021. According to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey, the Market Composite Index, which measures the mortgage loan application volume, decreased 2.7% on a seasonally adjusted basis from two weeks earlier. Key findings: Unadjusted, the index decreased 32% compared with two weeks ago. The holiday adjusted refinance Index decreased 2% from two weeks ago—40% lower YoY....
Tags: Real Estate, News, Mba, Usda, Radio, Teams, National, Mortgage, Lending, Financing, Agents, Latest News, Industry News, Index, FHA, Kan


U.S. Construction Spending Climbed in November 2021

Construction spending saw a modest boost in November, according to recent reports from the U.S. Census Bureau and the Department of Commerce. The Commerce Department announced on Jan. 3 that construction spending climbed by 0.4% in November 2021, with single-family homebuilding playing a significant role in the uptick. Total spending rose from $1.62 billion in October to roughly $1.63 billion in November. Year-over-year figures also indicate a 9.3% increase from November 2020. In November, priva...
Tags: Real Estate, News, Housing, Radio, Luxury, Teams, National, Construction, Agents, Latest News, Industry News, U S Census Bureau, Commerce Department, Consumer, Real Estate News, Brokers