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Would-be homebuyers balk as mortgage rates head back up

USA Real Estate News-Inman - Wed, 2024-04-03 17:35
Purchase loan applications have been flat for two consecutive weeks, and now mortgage rates are popping again as more worrisome inflation data rolls in.

Putrid garbage house stinks up LA neighborhood

USA Real Estate News-Inman - Wed, 2024-04-03 15:57
The trash-strewn property is sandwiched between two large, multimillion-dollar mansions, and residents are concerned the mounds could negatively affect property values in the area.

Kentucky, W. Virginia move to ban exclusive, right-to-list agreements

USA Real Estate News-Inman - Wed, 2024-04-03 15:30
New laws enacted to prevent the use of Non-Title Recorded Agreements for Personal Services — or NTRAPs — are sweeping the nation as critics decry alleged deceptive and predatory practices.

Nation’s largest mortgage lender shorted by Park Avenue hedge fund

USA Real Estate News-Inman - Wed, 2024-04-03 14:50
United Wholesale Mortgage denied explosive allegations that many mortgage brokers who send it business aren't shopping around for best deals. UWM dismissed a related lawsuit as "a sham."

New homeowners plan to spend 40% of income on repairs: Study

USA Real Estate News-Inman - Wed, 2024-04-03 14:44
The cost of becoming a new homeowner goes well beyond down payments and monthly mortgage payments. In fact, the typical homebuyer expects to spend approximately $30,000 on home maintenance, upgrades and repairs in the coming year — an amount that equals 40 percent of the median U.S. household income ($74,580).

Compass Acquires Historic Gulf Coast Giant Latter & Blum

USA Real Estate News-RISMedia - Wed, 2024-04-03 14:39

Compass has announced the brokerage will be expanding its nationwide footprint through the acquisition of Latter & Blum, an historic 100+-year-old real estate giant with more than 3,000 agents and 32 offices across the Gulf Coast region of Texas, Louisiana, Mississippi and Alabama. The move brings Compass into New Orleans and the broader Louisiana and…

The post Compass Acquires Historic Gulf Coast Giant Latter & Blum appeared first on RISMedia.

Thoughts on Leadership: The Caitlin Clark Effect

USA Real Estate News-RISMedia - Wed, 2024-04-03 14:22

As I sat in my family room Monday night, eagerly watching the NCAA Tournament second-round game between No. 1 seed Iowa and No. 8 seed West Virginia, I couldn’t help but feel a surge of emotion. There was a lot on the line as Caitlin Clark took the floor at Carver-Hawkeye Arena one final time.…

The post Thoughts on Leadership: The Caitlin Clark Effect appeared first on RISMedia.

Home-Buyer Preferences Shift as Affordability Challenges Remain

USA Real Estate News-RISMedia - Wed, 2024-04-03 12:56

As the housing industry celebrates New Homes Month in April, data shows that builders continue to respond to buyer preferences by constructing smaller homes to place homeownership within reach of families planning to buy a home this year. In fact, a recent National Association of Home Builders (NAHB) analysis found that new homes built in…

The post Home-Buyer Preferences Shift as Affordability Challenges Remain appeared first on RISMedia.

Compass acquires 3,100-agent Gulf Coast giant Latter & Blum

USA Real Estate News-Inman - Wed, 2024-04-03 12:30
Latter & Blum has been an indie for more than 100 years and today boasts more than 3,100 agents. The deal pushes Compass into Louisiana and Mississippi for the first time.

Opendoor will refund homesellers $62M under FTC settlement

USA Real Estate News-Inman - Wed, 2024-04-03 11:43
The federal agency will send checks to 54,689 consumers it says were deceived by advertising and marketing claims made by the iBuyer.

ERA Real Estate Expands to Western Colorado’s Grand Valley

USA Real Estate News-RISMedia - Wed, 2024-04-03 11:42

ERA® Real Estate announced its latest affiliation with RONIN Real Estate Professionals, a trusted source in Western Colorado’s Grand Valley real estate market.  Founded only three years ago by Mark Wingerter, ERA stated that the company has already amassed several glowing reviews and become one of the most reputable real estate providers in Mesa County,…

The post ERA Real Estate Expands to Western Colorado’s Grand Valley appeared first on RISMedia.

Jeff Bezos adds $90M mansion to Miami property portfolio

USA Real Estate News-Inman - Wed, 2024-04-03 11:39
The mansion marks the Amazon founder's third such purchase on Indian Creek Island, an exclusive enclave in Miami with limited availability.

The Mindset of Focusing on the Broker’s Success

USA Real Estate News-RISMedia - Wed, 2024-04-03 11:39

Jabin Norris  Founder/Owner PROACTIVE Real Estate, a member of Leading Real Estate Companies of the World® Holden Beach, North Carolina https://proactiverealestate.com  Region served: Brunswick County, North Carolina Years in real estate: 18 Number of offices: 1 Number of agents: 22 Favorite part of your job: The daily opportunity to help brokers grow their careers and…

The post The Mindset of Focusing on the Broker’s Success appeared first on RISMedia.

Pandemic Trends Fade as Gen-Z Buyers, Millennials Dig In

USA Real Estate News-RISMedia - Wed, 2024-04-03 11:23

Many of the major behavioral and demographic shifts precipitated by the pandemic are receding, according to the latest data from the National Association of REALTORS® (NAR), as both homebuyers and sellers revert to familiar patterns regarding when they sell, how far they move, what motivates them to enter the market and the barriers they encounter.…

The post Pandemic Trends Fade as Gen-Z Buyers, Millennials Dig In appeared first on RISMedia.

2024 RE/MAX R4 Global Referral Exchange: ‘This is Where the World Connects’

USA Real Estate News-RISMedia - Wed, 2024-04-03 11:07

The energy at the 2024 RE/MAX R4 convention hit a new level at 3 p.m. on Wednesday, when the annual Global Referral Exchange had officially kicked off. Agents or brokerages from nearly 60 countries participated in the exchange, the company stated, which many R4 regulars say is their favorite event of the convention. A few…

The post 2024 RE/MAX R4 Global Referral Exchange: ‘This is Where the World Connects’ appeared first on RISMedia.

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