news aggregator
Demonstrate Your Value to Buyers, Amidst Industry Change
On Aug. 17, 2024, a landmark settlement with the National Association of REALTORS® (NAR) changed how commissions are handled. This gives buyers more control in negotiating their fees and the potential of paying their agent’s compensation directly. As commissions shift and the market adapts, the need to demonstrate your value has never been greater. Creating…
The post Demonstrate Your Value to Buyers, Amidst Industry Change appeared first on RISMedia.
US house prices are forecast to rise more than 4% next year - goldmansachs.com
Baby boomers own 1/4 of all large homes in the US. They aren’t selling
Think AI Will Replace You? Think Again—Here’s How It Will Help
Artificial Intelligence (AI) is no longer a concept of the future; it’s a tool that’s transforming industries right now, and real estate is no exception. Many agents may feel apprehensive about AI, fearing that it will replace the human touch that is so critical to success in our field. But here’s the good news, AI…
The post Think AI Will Replace You? Think Again—Here’s How It Will Help appeared first on RISMedia.
Ahead of Expected Fed Rate Cut, Mortgage Applications Increase for Third Straight Week
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 latest mortgage application data from the Mortgage Bankers Association’s…
The post Ahead of Expected Fed Rate Cut, Mortgage Applications Increase for Third Straight Week appeared first on RISMedia.
Bezos got a bargain. Now the homeseller’s suing Douglas Elliman
8 tips for optimizing opportunity at your next open house
UK portal Rightmove rejects bid from Rupert Murdoch’s REA Group
NextHome Settles Seller Lawsuits in Ketchmark Copycat
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 trial attorney Michael Ketchmark. A judge paused all upcoming deadlines after NextHome and plaintiffs’…
The post NextHome Settles Seller Lawsuits in Ketchmark Copycat appeared first on RISMedia.
Inflation Continues Decline in Latest Consumer Price Index
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% year-over-year. In the latest CPI for August, the index rose by 2.5%, continuing…
The post Inflation Continues Decline in Latest Consumer Price Index appeared first on RISMedia.
Seller Dwellers: As Mortgage Rates Decline, Will They Finally Plant ‘For Sale’ Signs?
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% range. All evidence points to a rate cut…
The post Seller Dwellers: As Mortgage Rates Decline, Will They Finally Plant ‘For Sale’ Signs? appeared first on RISMedia.