by Liz Ruggiero | May 25, 2023 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
The choices of the Federal Reserve over the last year or two—and particularly in the last month—have been deeply scrutinized. After years of low rates and relatively loose monetary policy, the central bank was quick to slash rates to zero and unleash quantitative...
by Liz Ruggiero | May 25, 2023 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
The tug of war between ongoing inventory challenges in the existing-home market and homebuyer interest hasn’t let up. According to the latest data from the National Association of REALTORS® (NAR), pending home sales remained subdued in April amid persistent strains on...
by Liz Ruggiero | May 25, 2023 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
The 30-year fixed-rate mortgage (FRM) averaged 6.57% this week, up from 6.39% last week, to where it returned after a brief and only slight dip earlier in May. This is according to the latest Primary Mortgage Market Survey (PMMS) from Freddie Mac released Thursday. ...
by Aidan Whalen | May 24, 2023 | Agents, Brokers, Industry News, Latest News, Lead Story, National, News, Premier, Teams |
Not every city or metro is feeling the freezing effects of higher mortgage rates and dwindling consumer confidence. The local nature of real estate means that a snapshot of housing should look like a spectrum, with gradients of up and down, hot or not. At any given...
by Aidan Whalen | May 24, 2023 | Agents, Brokers, Industry News, Latest News, National, News, Teams |
Last week we shared that because of the overwhelming response in its inaugural year, RISMedia’s second annual Real Estate Rookie of the Year contest, sponsored by industry education leader, Colibri Real Estate, is expanding to include honors for five regional winners...
by Aidan Whalen | May 24, 2023 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Mortgage applications decreased for the second week in a row, down 4.6% from a decrease of 5.7% the previous week, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending May 19, 2023. This week’s...