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Agents need to embrace the new and the old to succeed

USA Real Estate News-Inman - Wed, 2024-05-22 11:44
Danny Hertzberg, Jill Hertzberg and others shared the stories and tips that helped them succeed while on stage Wednesday at Inman Connect Miami.

With growing demand, Real launches luxury division

USA Real Estate News-Inman - Wed, 2024-05-22 11:30
Several months after Kofi Nartey announced his team's move to Real, the brokerage has launched a new luxury division with Nartey serving as executive director.

Mortgage Applications Up for Third Straight Week

USA Real Estate News-RISMedia - Wed, 2024-05-22 11:25

Thanks to the recent declines in average mortgage rates of late, mortgage application activity has seen a small but steady increase for the third-straight week. This week, applications are up 1.9% from last week’s slight uptick of 0.5%, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week…

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Zillow launches AI tool to stop fair housing discrimination

USA Real Estate News-Inman - Wed, 2024-05-22 11:24
The Fair Housing Classifier is an open-source tool aimed at helping real estate, technology and civil rights organizations create smarter, fair-housing compliant chatbot and search functions for their websites. The code is available on GitHub.

VA Will Suspend, Work On Changing Rule That Bans Buyer Commission

USA Real Estate News-RISMedia - Wed, 2024-05-22 11:20

The U.S. Department of Veterans Affairs (VA) plans to issue a circular before June 12 in the wake of the National Association of REALTORS®’ (NAR) historic settlement, with hopes to “bridge the gap” on the buyer commission prohibition between buyers agents and veterans. Department of Veterans Affairs Deputy Director for Policy Michelle C. Corridon announced…

The post VA Will Suspend, Work On Changing Rule That Bans Buyer Commission appeared first on RISMedia.

Spring Sales Down, But Million-Dollar Listings Boom

USA Real Estate News-RISMedia - Wed, 2024-05-22 10:57

Existing-home sales receded in April, according to the National Association of REALTORS® (NAR) latest report, released May 22. All four major U.S. regions posted month-over-month declines. Year-over-year, sales decreased in the Northeast, Midwest and South but increased in the West. Total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—slid 1.9% from March…

The post Spring Sales Down, But Million-Dollar Listings Boom appeared first on RISMedia.

As disruption mounts, top agents will be dominant: Jimmy Burgess

USA Real Estate News-Inman - Wed, 2024-05-22 10:53
The CEO for Berkshire Hathaway HomeServices Beach Properties of Florida argued at Inman Connect Miami on Wednesday that real estate is like a race — and this moment is similar to a curve.

National Rent Prices Drop Again; Southern Metros See Greatest Savings

USA Real Estate News-RISMedia - Wed, 2024-05-22 10:46

In April, median rent prices dropped yet again nationwide, down 0.7% for most properties, with three major metros—namely, Austin, Texas; Las Vegas, Nevada; and San Francisco, California—seeing prices fall compared to each city’s individual peak, according to the latest Realtor.com® rental report. In contrast, rent in Indianapolis, Milwaukee and Minneapolis reached new highs. “In the…

The post National Rent Prices Drop Again; Southern Metros See Greatest Savings appeared first on RISMedia.

4 Types of Homes Unwanted by Most, But Not All, Buyers

USA Real Estate News-RISMedia - Wed, 2024-05-22 10:39

With low inventory having hamstrung the residential real estate industry over the last year or so, some potentially problematic houses might gain traction with homebuyers. Agents would be wise to keep track of homes that many people would not be very interested in if the market were more normal. But, alas, it is not normal,…

The post 4 Types of Homes Unwanted by Most, But Not All, Buyers appeared first on RISMedia.

JPAR® Recognized as a Top Franchise for Diversity by Entrepreneur

USA Real Estate News-RISMedia - Wed, 2024-05-22 10:29

JPAR® has been recognized as a 2024 Top Franchise for Diversity, Equity, and Inclusion by Entrepreneur. This accolade underscores the company’s commitment to promoting a culture of openness and an organization committed to mirroring the communities served among the network of franchisees, staff and agents. Entrepreneur’s ranking system for this award category is distinctive, relying…

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Graceland saved from auction for now, court chancellor rules

USA Real Estate News-Inman - Wed, 2024-05-22 10:29
The historic mansion where Elvis once lived will remain in the Presley family's hands following a lawsuit filed by the actor Riley Keough, Elvis' granddaughter, which alleged the company trying to sell it had committed fraud.

How Mauricio Umansky turned an irate Kelsey Grammer into a client

USA Real Estate News-Inman - Wed, 2024-05-22 10:15
"Mauricio, you are a scum bag," Umansky recalled the "Frasier" actor shouting in a voice message. The Agency CEO shared how he converted Grammer during Inman Connect Miami on Wednesday.
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