by Beth McGuire | May 23, 2024 | Industry News, Latest News, National, News, Premier |
Calling it an “unexpected windfall” of both lower rates and increased inventory of new and existing homes, Freddie Mac’s data showed the 30-year fixed-rate mortgage (FRM) averaging 6.94% this week, down from 7.02% last week and marking its third-straight week of...
by Beth McGuire | May 22, 2024 | Economy, Industry News, Latest News, National, News, Premier |
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...
by Beth McGuire | May 21, 2024 | Agents, Best Practices, Brokers, Industry News, Latest News, National, News, Premier |
Most people want to date before becoming exclusive, and the same goes for hiring a real estate agent, per Zillow. Last month, the company unveiled a short-term touring agreement to get ahead of the buyer-agency agreement stipulation in the proposed NAR settlement—and...
by Beth McGuire | May 21, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Rising interest rates might be sidelining would-be homebuyers, but the ongoing shortage of inventory on the market is keeping home prices elevated. That’s why U.S. homeowners now have a record $11 trillion in tappable equity as of March, according to the May ICE...
by Beth McGuire | May 17, 2024 | Agents, Best Practices, Brokers, Industry News, Latest News, Lead Story, Luxury, National, News, Premier |
Keller Williams announced today it is backing down on planned changes to profit sharing that sparked numerous lawsuits by former agents, allowing people who “vested” in the company’s sponsorship and recruiting program to continue receiving their full payments even if...