by Beth McGuire | Mar 21, 2024 | Industry News, Lead Story, Months, National, News, Premier |
Existing-home sales surged last month, up 9.5% in February, reaching a seasonally adjusted rate of 4.38 million—the largest monthly increase since the same period last year—according to the latest report from the National Association of REALTORS® (NAR). “The uptick in...
by Beth McGuire | Mar 21, 2024 | Agents, Best Practices, Brokers, Industry News, Latest News, National, News, Premier |
“This is not the end. It is not even the beginning of the end—but it is, perhaps, the end of the beginning.” Winston Churchill was referencing battles and war, not real estate, when he spoke those words. But in the lower-stakes context of the National Association of...
by Beth McGuire | Mar 21, 2024 | Industry News, Latest News, National, News, Premier |
After two consecutive weeks of declines, mortgage rates are back on the rise this week, up to 6.87% from last week’s average of 6.74%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. This week’s numbers: The...
by Beth McGuire | Mar 21, 2024 | Industry News, Latest News, National, News, Premier |
The Leading Economic Index (LEI) increased by 0.1% in February to 102.8, marking the first time in two years the business-cycle monitor showed an uptick, thanks in part to residential construction, according to the latest release from The Conference Board. According...
by Beth McGuire | Mar 20, 2024 | Industry News, Latest News, National, News, Premier |
The Fed left rates unchanged Wednesday but it did indicate it will cut rates three times before the end of the year. The central bank said it needs to see inflation move more sustainably toward its target 2% goal before initiating rate cuts. “Recent indicators suggest...