Real Estate News by RealEstateNews.com
WEBTech Bytes: News from Restb.ai, @properties, MetroList and Lundy. Expansion connects Restb.ai’s vision tools to nearly three-quarters of a million MLS members; productivity-focused Pipeline added to @properties “pl@tform.”. Real Estate News Staff. September 13, …
Lower rates attract refinancing — are home buyers next?
WEB1 day ago · The 30-year fixed-rate mortgage averaged 6.08%, down slightly from last week's 6.09%. The 15-year fixed-rate ticked up to 5.16%. Applications for mortgages jumped this week, but most of it came from those looking to refinance, according to the Mortgage Bankers Association. MBA's refinance index rose 20% from the previous week while the purchase ...
New home sales may have hit a rates-related speed bump
WEB2 days ago · New home sales came in at a seasonally adjusted annual rate of 716,000 last month, according to estimates from the U.S. Census Bureau. That's down 4.7% compared to July but still robust compared to a year ago when the annual rate was at 652,000. The median price for the new homes sold last month was …
Home prices hit a new high even as sales fall - RealEstateNews.com
WEBJul 23, 2024 · Home prices keep climbing. The median sale price for existing homes hit another all-time high, NAR reported, reaching $426,900 in June. That's 4.1% higher than one year ago, when the median price was $410,100, and up from the previous record $419,300 median sale price in May. It also marks the …
Buyers backing out of deals in record numbers as market shifts
WEBJul 24, 2024 · More buyers are backing out. According to the Redfin report, roughly 56,000 home purchase contracts were canceled last month, which Redfin says is more than any other June on record. And the main issue, Redfin researchers and agents suggest, is housing affordability and the steep costs to purchase. "Buyers are …
Redfin ramping up, sees a brighter spring ahead
WEB3 days ago · The Redfin Next program is scheduled to go nationwide on Oct. 27 — faster than originally planned — to make sure it can ramp up for the spring 2025 homebuying season. Aleem said Redfin expects to add "hundreds" of new agents in the coming months because of the program, which offers splits as high …
Real estate’s AI era is just starting — here’s what you need to do
WEBApr 23, 2024 · Customer support, employee and agent onboarding, and sales and marketing automation are good places to start. SCOTTSDALE, Ariz. — Real estate is in its AI era. And the stakes are high. "We are on the precipice of one of the most significant changes in the history of business," artificial intelligence expert Allie K. Miller told attendees ...
Brokerage News - RealEstateNews.com
WEBFlorida brokerage the latest to settle in commissions case. The Keyes Company has reached an agreement in the Gibson lawsuit as the settlement fund nears $1 billion. Dave Gallagher. September 3, 2024. Brokerages.
Mortgage rates tumble; time for buyers to ‘get serious’
WEBJul 18, 2024 · The 15-year fixed-rate dropped to 6.05%. The rate drop has helped ease affordability challenges, but buyers appear to be waiting to see how far rates fall. The typical monthly mortgage payment is down $115 from its April peak. Mortgage interest rates continued to drop this week with growing expectations that interest rate cuts are coming.
Brokerage Beat: News from Real, The Agency, ERA, eXp, Coldwell …
WEBApr 6, 2024 · The Real Brokerage adds 13 offices from U.S. and Canada in March. The Real Brokerage Inc. added 13 high-performing offices during March. Three of the brokerages – F3 Home Team of Jacksonville/St. Augustine, Florida; River City Elite Properties of Richmond, Virginia; and the Nussbaum Team of New Jersey – all topped $100 million in sales in 2023. Real has more than 16,000 agents throughout ...