by Beth McGuire | Aug 1, 2024 | Industry News, Latest News, National, News, Premier |
While there’s no direct correlation between interest rate cuts and mortgage rate dips, per se, both segments saw some positive news this week, with the Fed signaling Wednesday that there will likely be one more rate cut this year, and the 30-year fixed-rate mortgage...
by | Aug 1, 2024 | Agents, Brokers, Industry News, Latest News, National, News, Premier |
Compass held its Q2 earnings call on Wednesday, July 31, 2024. During the investor Q&A portion, CEO and Founder Robert Reffkin claimed that NAR’s “clear cooperation” rule is on borrowed time. Clear cooperation requires that REALTORS® list a property on an MLS...
by | Aug 1, 2024 | Industry News, Latest News, National, News, Premier |
ATTOM Data Solutions has published its U.S. Home Equity & Underwater Report, tracking changes in nationwide home equity levels during Q2 2024. The latest report comes with good news: Almost half (49.2%) of mortgaged residential properties in the U.S. were...
by | Aug 1, 2024 | Agents, Brokers, Economy, Industry News, Latest News, National, News, Premier |
Unsurprisingly, Federal Reserve (Fed) officials made the decision not to cut interest rates yesterday afternoon, despite indicators that the economy is slowing. Rates currently remain at an unchanged figure between 5.25% and 5.5%, with Fed Chair Jerome Powell...
by | Jul 31, 2024 | Industry News, Latest News, National, News, Premier |
In June, pending home sales saw a spike, rising 4.8%, according to new data released by the National Association of REALTORS® (NAR)—a turnaround from three consecutive months of decline. Mortgage rates “fell through the month, dipping below 7% and continuing to fall...
by | Jul 31, 2024 | Agents, Brokers, Industry News, Latest News, Lead Story, National, News, Premier |
Editor’s Note: Superstars in sports and celebrities in real estate is a new series highlighting either high-profile professionals who have made a career transition into real estate, or those agents who represent such high-level individuals in the sale or purchase of...