by | Nov 8, 2024 | Agents, Brokers, Industry News, Latest News, National, News, Premier |
In a third quarter earnings report November 7, Opendoor Technologies Inc., an e-commerce platform for residential real estate transactions, reported that losses in the quarter ($78 million) were at least 14% less than the second quarter and 26% less than a year ago....
by Beth McGuire | Nov 7, 2024 | Industry News, Latest News, National, News, Premier |
After an aggressive half percent cut in September, the Federal Reserve followed through on an expected but more measured quarter percentage point rate reduction Thursday, just days after an historic election outcome that economists say could cause disruption in the...
by Paige | Nov 7, 2024 | Agents, Brokers, Industry News, Latest News, National, News, Premier |
The National Association of REALTORS®’ (NAR) latest quarterly report shows that single-family existing-home sales prices climbed in 87% of measured metro areas (196 out of 226) in the third quarter of 2024 as mortgage rates continued to trend lower, with the 30-year...
by Beth McGuire | Nov 7, 2024 | Industry News, Latest News, National, News, Premier |
Mortgage rates inched up again this week, a six-week runup to date and not expected to stabilize by the end of the year, experts noted. The 30-year fixed-rate mortgage averaged 6.79% this week, up from the previous week’s average of 6.72%, according to the latest...
by Paige | Nov 7, 2024 | Industry News, Latest News, National, News, Premier |
Addressing investors after a Q3 earnings report—in which the company greatly outpaced the broader industry and beat its own expectations—Zillow Chief Financial Officer Jeremy Hoffman said the portal giant is expecting continued tailwinds from broader changes to the...
by Beth McGuire | Nov 7, 2024 | Agents, Best Practices, Brokers, Industry News, Latest News, National, News, Premier |
As Trump’s victory over Democratic candidate Vice President Kamala Harris became apparent on Wednesday, bond markets reacted sharply. The benchmark 10-year Treasury yield jumped to 4.479%, its highest level since July, according to news reports. Mortgage rates...