Real Estate News by RealEstateNews.com
WEBThe view from California: A 10% jump in home sales next year. Home prices also will increase, with the median at more than $900,000, C.A.R. predicts. But the recent drop in mortgage rates may help would-be buyers.
Homebuyer sentiment is up, but for how long?
WEB1 day ago · Homebuyer sentiment reached its highest level in more than two years in September, but that may not last as mortgage rates continue to rise. The Fannie Mae Home Purchase Sentiment Index jumped 1.8 points last month to 73.9, fueled by the expectation that mortgage rates will decline in the next 12 months.. Optimism around rates was at a survey high, according to Fannie Mae, with a record 42% of ...
MLS Milestones: Data shares in Texas, plus a new buyer agreement …
WEB55 minutes ago · 3 MLSs enter regional data share in the Lone Star state. Three Texas powerhouses announced a new data share agreement between Unlock MLS, a subsidiary of the Austin Board of Realtors; HAR MLS, operated by the Houston Association of Realtors; and the San Antonio Board of Realtors. The organizations comprise three of the four largest MLSs in ...
Why we have Clear Cooperation — and why we should keep it
WEB4 hours ago · Let's start with a bit of history. The Clear Cooperation Policy (CCP), implemented in May 2020, is a NAR-mandated policy that governs how listings are publicly marketed and entered into the multiple listing service (MLS). Under this policy, the listing broker must submit the listing to the MLS within one business day of marketing it …
Mortgage rates jump following strong jobs report
WEB4 days ago · A surprisingly strong jobs report sent mortgage rates higher Friday, potentially reversing a trend of stabilizing rates — and increasing borrowing costs for buyers who were finally getting a leg up in the housing market as the homebuying season begins to wind down.. Total nonfarm employment rose by 254,000 in September, significantly higher than August's revised increase of 159,000 ...
Buyers are getting ‘a leg up’ for the first time in years
WEB5 days ago · The 15-year mortgage rate averaged 5.25%, up from last week's 5.16%. While rates remain relatively low, Mortgage News Daily has noted an upward trend over the past few days, putting the average 30-year rate at 6.26% for Oct. 3. The recent rise can be attributed to a number of factors, said Sam Khater, Freddie Mac's chief economist.
A double dose of good news for housing affordability
WEBSeptember 30, 2024. 3 minutes. A couple of new studies found that affordability is getting better for home buyers — in ways that signal "further relief" ahead as well as a changing definition of starter homes. First American's Home Price Index found that annual affordability improved 4.1% for buyers in August, the first time that's happened ...
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 …
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 ...
Trends 2024: Big brokerages are scooping up more deals
WEBJan 29, 2024 · Not only is an increasing share of sale volume concentrated among the largest brokerages, but the latest data shows that the biggest players also complete a growing share of transactions. The 1,000 largest brokerages accounted for 45.0 percent of all transactions in 2022, up from 36.3 percent in 2017. Moreover, the nation's 100 largest ...