by | Sep 12, 2024 | Agents, Best Practices, Brokers, Industry News, Latest News, Lead Story, News, Premier |
As Tom Petty sang, “The waiting is the hardest part.” Was he referring to homebuyer hopefuls? Not sure, but either way, it’s almost go-time for those who’ve waited patiently for mortgage rates to finally begin a downward trajectory after years of staying in the high...
by Beth McGuire | Sep 11, 2024 | Industry News, Latest News, National, News, Premier |
Home purchase applications edged up for the third straight week, increasing 1.4% from last week’s increase of 1.6%, as mortgage rates hit their lowest level in six weeks and a 25-basis point interest rate cut by the Federal Reserve is likely in the offing. This week’s...
by | Sep 11, 2024 | Agents, Brokers, Lead Story, National, News, Premier |
NextHome has become the latest brokerage to strike a settlement agreement with seller plaintiffs in ongoing commission lawsuits, joining more than a dozen other defendants who have negotiated deals in the largest Burnett copycat case (known as Gibson) led by star...
by | Sep 11, 2024 | Industry News, Latest News, National, News, Premier |
In a seemingly positive sign for consumers, inflation has now posted the lowest recent annual increase two months in a row. Previously, in July 2024, the Consumer Price Index (CPI)—key inflation gauge assembled by the U.S. Bureau of Labor Statistics—rose only 2.9%...
by | Sep 11, 2024 | Agents, Best Practices, Brokers, Industry News, Latest News, Lead Story, National, News, Premier |
They’re the yangs to the high-mortgage-rate yins. The homeowners who have the 3% – 4% 30-year mortgage rates and have, over the last few years, refused to vacate, logically in most cases as they have not wanted to take on new mortgages in the 6% – 8%...
by | Sep 10, 2024 | Industry News, Latest News, National, News, Premier |
With fall approaching, home shoppers will see a plethora of options this buying season as housing inventory hits the highest level seen since May 2020, according to Realtor.com® data. Realtor.com®’s August Housing Trends Report found that the number of homes actively...