by | Apr 25, 2024 | Economy, Industry News, Latest News, National, News, Premier |
After exceeding 7% last week, the 30-year fixed-rate mortgage (FRM) continued to rise, this week averaging 7.17%, up from last week’s average of 7.10%, according to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday. This week’s...
by | Apr 25, 2024 | Agents, Brokers, Industry News, Latest News, National, News, Premier |
In a Q1 2024 earnings call Apr. 25, Anywhere Real Estate reported a $101 million loss for the quarter, continuing a downward, though not as deep, trend for the last few quarters. Generated revenue was $1.1 billion, which follows revenue of $1.250 billion in Q4 2023,...
by | Apr 24, 2024 | Agents, Best Practices, Brokers, Industry News, Latest News, National, News, Premier |
The last thing you want as a buyer agent after signing a client who is excited to purchase a home is for them to get depressed by elevated mortgage rates and decide to put their search on hold. While nothing changes the numbers, what you can (and should) do is have...
by | Apr 24, 2024 | Economy, Industry News, Latest News, National, News, Premier |
After a couple of weeks of increases, mortgage applications fell 2.7% from last week’s increase of 3.3%, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending April 19, 2024. This week’s numbers:...
by | Apr 24, 2024 | Industry News, Latest News, National, News, Premier |
On Tuesday, April 23, 2024, the Federal Trade Commission (FTC) voted to ban noncompete clauses—language in employment contracts that prevents departed employees from working for competitors after a set period of time. The ruling not only bans new noncompete clauses...
by | Apr 24, 2024 | Agents, Brokers, Industry News, Latest News, National, News, Premier |
Pushing forward with his own unique take on portal monetization, CoStar CEO Andy Florance said on a recent earnings call he believes incumbents like Zillow, realtor.com® and Redfin are facing major headwinds from changes agreed to by the National Association of...