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Staying Ahead as a New Leader

USA Real Estate News-RISMedia - Wed, 2024-09-11 14:05

Jason Carrier recently took over as president of CENTURY 21 New Millennium, an Alexandria, Virginia-based firm that provides service to customers in Virginia, Maryland, Washington, D.C., West Virginia and Pennsylvania. Carrier began in the real estate industry 22 years ago following in the footsteps of both his parents. He felt it was in his blood…

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Demonstrate Your Value to Buyers, Amidst Industry Change

USA Real Estate News-RISMedia - Wed, 2024-09-11 13:35

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…

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Baby boomers own 1/4 of all large homes in the US. They aren’t selling

USA Real Estate News-Inman - Wed, 2024-09-11 13:12
Fifty-four percent of boomers who own their homes said they planned to live in them until they die, according to a new survey by Clever Real Estate.

Think AI Will Replace You? Think Again—Here’s How It Will Help

USA Real Estate News-RISMedia - Wed, 2024-09-11 12:08

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

USA Real Estate News-RISMedia - Wed, 2024-09-11 12:05

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

USA Real Estate News-Inman - Wed, 2024-09-11 11:51
After learning that Amazon founder Jeff Bezos was behind the entity that had purchased his Indian Creek Island home at a $6 million discount, homeseller Leo Kryss was not pleased with the brokerage, which double-ended the deal.

8 tips for optimizing opportunity at your next open house

USA Real Estate News-Inman - Wed, 2024-09-11 11:45
In the new normal, open houses have once again become one of the most valuable lead sources available, team leader Carl Medford writes. Here's how to run one the right way and make the most of the opportunity it presents.

UK portal Rightmove rejects bid from Rupert Murdoch’s REA Group

USA Real Estate News-Inman - Wed, 2024-09-11 11:16
UK portal Rightmove's board of directors has unanimously rejected News Corp subsidiary REA Group's $7.32 billion acquisition bid, saying it "fundamentally undervalues" the company's current and future prospects.

NextHome Settles Seller Lawsuits in Ketchmark Copycat

USA Real Estate News-RISMedia - Wed, 2024-09-11 11:10

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’…

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Inflation Continues Decline in Latest Consumer Price Index

USA Real Estate News-RISMedia - Wed, 2024-09-11 11:03

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…

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Seller Dwellers: As Mortgage Rates Decline, Will They Finally Plant ‘For Sale’ Signs?

USA Real Estate News-RISMedia - Wed, 2024-09-11 09:13

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.

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