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Homebuyers jump at lower mortgage rates, but will they last?

USA Real Estate News-Inman - Thu, 2024-06-20 15:26
Purchase loan applications have surged for two weeks in a row, but rates for conforming mortgages are inching back up toward 7 percent this week as investors weigh the odds of Fed rate cuts.

Former NAR employee seeks $1M in new lawsuit alleging retaliation

USA Real Estate News-Inman - Thu, 2024-06-20 15:14
Roshani Sheth, a former product manager for the Realtors Information Network, filed suit after an Equal Employment Opportunity Commission probe into her racial and sexual harassment claims.

Eklund | Gomes brings homebuyer in priciest NYC deal since 2022

USA Real Estate News-Inman - Thu, 2024-06-20 14:52
A penthouse at Central Park Tower on Manhattan's Billionaires' Row has sold to an unidentified international buyer for $115 million, making it the first residential sale in New York City over $100 million since 2022.

CoStar Group taps Christian Lown of Freddie Mac as new finance chief

USA Real Estate News-Inman - Thu, 2024-06-20 14:36
Freddie Mac Executive Vice President and Chief Financial Officer Christian Lown will be taking his talents to CoStar Group in July, executives announced. Lown departs Freddie Mac on June 28.

Engel & Völkers Settles Commission Suits

USA Real Estate News-RISMedia - Thu, 2024-06-20 13:11

Engel & Völkers has become the latest brokerage to settle class-action commission lawsuits by sellers, according to filings in federal court today, as the international luxury brand entered into a preliminary agreement with plaintiffs to end litigation claiming the company participated in a conspiracy to inflate commissions. Terms of the agreement were not released, and…

The post Engel & Völkers Settles Commission Suits appeared first on RISMedia.

Condo Maintenance and Upkeep: A Comprehensive Guide

USA Real Estate News-RISMedia - Thu, 2024-06-20 13:08

Maintaining a condo involves regular care and timely repairs. This ensures a comfortable, safe living environment and preserves property value. I will provide the following guidance: Practical tips for regular condo maintenance Solutions for common condo maintenance issues A seasonal checklist to keep your condo in top shape From being a condo owner in multiple…

The post Condo Maintenance and Upkeep: A Comprehensive Guide appeared first on RISMedia.

NAR Co-Hosting September C5 + CCIM Global Summit in Florida

USA Real Estate News-RISMedia - Thu, 2024-06-20 13:05

The National Association of REALTORS® (NAR) and the CCIM Institute are co-hosting C5 + CCIM Global Summit–the nation’s premier commercial real estate and economic development event–at the Seminole Hard Rock Hotel & Casino in Hollywood, Florida from September 17–19, 2024.  Practitioners from virtually every segment of the commercial ecosystem–from financing and development to sales and…

The post NAR Co-Hosting September C5 + CCIM Global Summit in Florida appeared first on RISMedia.

4 Ways to Use Localized Demographic Data to Impress Buyers

USA Real Estate News-RISMedia - Thu, 2024-06-20 12:52

Listing properties is often seen as a real estate agent’s most glamorous work, but buyers also need expert agents.  If helping buyers find their perfect home is your specialty, use localized demographic data as your secret weapon to enhance your business. Let’s explore four ways to utilize it. What is demographic data? Demographic data encompasses…

The post 4 Ways to Use Localized Demographic Data to Impress Buyers appeared first on RISMedia.

Mortgage Rates Move Down for Third Straight Week

USA Real Estate News-RISMedia - Thu, 2024-06-20 12:38

The 30-year fixed-rate mortgage dipped again for the third-straight week, averaging 6.87%, down from last week’s average of 6.95%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. This week’s numbers:  The 30-year FRM averaged 6.87% as of June 20, 2024, down from last week when it averaged 6.95%. A…

The post Mortgage Rates Move Down for Third Straight Week appeared first on RISMedia.

Former Google CEO Eric Schmidt sells Silicon Valley home at $22.5M

USA Real Estate News-Inman - Thu, 2024-06-20 12:33
Schmidt and his wife, Wendy Schmidt, bought the home in 1990 for $2 million and gradually expanded the estate over about 20 years, adding neighboring parcels, a guest house and a green house.
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