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Aven lands $142M in funding to take HELOC credit card nationwide

USA Real Estate News-Inman - Wed, 2024-07-17 17:20
Former Fannie Mae and Freddie Mac chief executives Tim Mayopoulos and Michael DeVito are joining a newly formed advisory board in conjunction with a funding round led by Khosla Ventures.

Ultra-luxury agent boomerangs from Compass to Keller Williams

USA Real Estate News-Inman - Wed, 2024-07-17 15:36
Maria Avellaneda rejoins KWNYC after six years at Compass. She will focus on ultra-luxury transactions and lead the franchise’s luxury market in the Hamptons.

Housing market bubble ready to ‘pop’ in the South, analyst warns

USA Real Estate News-Inman - Wed, 2024-07-17 15:30
Nashville-based analyst Nick Gerli sparked a social media firestorm with claims of a bubble. But economists dismissed fears, saying the area is home to some of the 'most normalized' markets in the country.

Big drop in mortgage rates fuels refis, but homebuyers unmoved

USA Real Estate News-Inman - Wed, 2024-07-17 15:02
One issue for would-be homebuyers seeking jumbo mortgages is that rates haven't come down as dramatically as they have for conforming mortgages eligible for purchase by Fannie Mae and Freddie Mac.

Op-Ed: Leadership and the Lack Thereof

USA Real Estate News-RISMedia - Wed, 2024-07-17 14:54

How many tomes have been written on this subject? Probably millions. Depending which stats one reviews, seems that of all the bestsellers ever written about 15-20% are on leadership. Ranked by sales, authors such as Simon Sinek and Patrick Lencioni are sure to be in the top five in this category. Rarified air indeed. Both…

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Number of foreign buyer purchases falls to lowest point since 2009

USA Real Estate News-Inman - Wed, 2024-07-17 14:11
As the U.S. dollar's value and home sale prices rose from April 2023 to March 2024, international buyers shied away from investing in U.S. real estate, according to a new report from NAR.

Looking Beyond Challenges to Create Solutions

USA Real Estate News-RISMedia - Wed, 2024-07-17 13:37

Above, Matt Desmond Matt Desmond President and Qualifying Broker Santa Fe Properties – a member of Leading Real Estate Companies of the World® Santa Fe, New Mexico https://www.santafeproperties.com Region served: Santa Fe Years in real estate: 19 Number of offices: 2 Number of agents: 75 Favorite part of your job: Getting to work with and…

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Motto Mortgage Opens New Franchisee in New Hampshire

USA Real Estate News-RISMedia - Wed, 2024-07-17 13:33

Motto Mortgage—RE/MAX’s mortgage franchise—has opened a new office in Nashua, New Hampshire, serving all markets throughout the state.  Motto Mortgage Sail Home is now open, marking the first ever franchise office location in the state for the Motto Mortgage brand. The company stated that the new office will provide homebuyers and refinancers competitive rates and…

The post Motto Mortgage Opens New Franchisee in New Hampshire appeared first on RISMedia.

Swing state housing costs have skyrocketed since 2020 election

USA Real Estate News-Inman - Wed, 2024-07-17 13:28
Housing affordability will remain an issue at the forefront of the upcoming presidential election, where swing states will determine the next president and the future of housing costs.

Single-Family Starts Dwindle in June

USA Real Estate News-RISMedia - Wed, 2024-07-17 12:26

Single-family housing starts dropped in June as a result of raised interest rates for mortgages and construction and development loans, despite overall housing starts jumping 3% to a seasonally adjusted rate of 1.35 million units, according to new data provided by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau.…

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Financing Agent Commissions Doesn’t Pencil Out for Buyers, Mortgage Experts Say

USA Real Estate News-RISMedia - Wed, 2024-07-17 12:24

As the real estate industry braces for new rules that remove all offers of agent compensation from for-sale listings, mortgage lenders are weighing their options on how to best help cash-strapped buyers who will ultimately be responsible for paying their agent’s commission. Beginning Aug. 17, the National Association of REALTORS® (NAR) will prohibit all offers…

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Mortgage Applications Reverse Course, Rise as Rates Fall

USA Real Estate News-RISMedia - Wed, 2024-07-17 11:54

Mortgage applications rose this week as mortgage rates saw a decrease, increasing 3.9% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 12, 2024. This week’s data: The Market Composite Index, a measure of mortgage loan application volume, increased 3.9% on a seasonally…

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