by | Jul 26, 2024 | Consumer, Economy, Industry News, Latest News, National, News, Premier |
Consumers continued to keep their economic hopes in check in July, as sentiment readings continue to slowly decrease. Consumer sentiment fell 2.6% in July, from 68.2 in June to 66.4, according to the University of Michigan’s latest report. This is the fifth straight...
by | Jul 24, 2024 | Industry News, Latest News, National, News, Premier |
Rent prices continued to drop for the 11th straight month this June, according to the latest data from Realtor.com®. Despite continued decreases, however, rents remain elevated from the pre-pandemic levels of 2019. Realtor.com’s Rental Report for June found that...
by | Jul 24, 2024 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Sales of single-family homes in June were 0.6% below the May rate of 621,000, reaching a seasonally adjusted rate of 617,000, according to data released by the U.S. Census Bureau and the Department of Housing and Urban Development. This is significantly below—7.4%,...
by | Jul 23, 2024 | Agents, Brokers, Economy, Industry News, Latest News, National, News |
Interest rates may be seeing their first cut this fall, possibly even as soon as September, according to the National Association of REALTORS®’ (NAR) Chief Economist Lawrence Yun. Yun shared this prediction and more during NAR’s recent Residential Real Estate Forecast...
by | Jul 23, 2024 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Despite a barrage of headwinds agents are facing in the current market–notable reductions in sales volume, record-high home prices, elevated inflation and increased uncertainty they will even stay in the business over the next two years–inventory has been increasing...