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That big Fed rate cut was no panacea for housing: Fitch analysts

USA Real Estate News-Inman - Thu, 2024-09-19 17:39
Fed easing was already priced into mortgage rates, but there's room for more relief if investors who fund most home loans get less skittish about prepayment risk and quantitative tightening.

Alabama Association of Realtors to NAR: Make membership optional

USA Real Estate News-Inman - Thu, 2024-09-19 16:22
"It is time to allow members the ability to choose where they allocate their membership and dues dollars between the local, state and national levels," Alabama Realtors wrote to NAR on Tuesday.

Place acquires all-inclusive platform Livian

USA Real Estate News-Inman - Thu, 2024-09-19 14:30
The two real estate platforms have been growing on the same trajectory at Keller Williams for more than a decade, their founders said, and during this challenging period in the industry, it made sense to combine forces.

DOJ Negotiates Another Settlement in Bank Redlining Initiative

USA Real Estate News-RISMedia - Thu, 2024-09-19 14:18

The Department of Justice (DOJ) has approved a settlement from OceanFirst Bank in relation to a redlining investigation against them. The Conciliation Agreement was announced Wednesday, Sept. 18 by the Department of Housing and Urban Development (HUD).  OceanFirst Bank—located in Toms River, New Jersey—was alleged to have engaged in redlining by restricting access to credit…

The post DOJ Negotiates Another Settlement in Bank Redlining Initiative appeared first on RISMedia.

Broker Spotlight: Mark Nottingham, @properties

USA Real Estate News-Inman - Thu, 2024-09-19 14:17
Find out how this Indiana broker-owner got his start, what he believes is coming next and why partnering with @properties three years ago "was one of the best business decisions" he and his team ever made.

EXp picks up 200-agent Hudson Valley indie brokerage

USA Real Estate News-Inman - Thu, 2024-09-19 14:04
As part of eXp, Grand Lux Realty will operate out of White Plains, New York. Founder Michael Levy touted eXp's technology as one of the brokerage's selling points.

The Bond House: Where Luxury Is No Longer Just a License to Thrill

USA Real Estate News-RISMedia - Thu, 2024-09-19 13:47

Property highlights: Location: Austin, Texas Listing Price: $8.9 million Features: 5,100-square-foot waterfront retreat with four bedrooms and five bathrooms. Added Appeal: Solarium pool, ensuite bathrooms, grand room with pitched ceilings and floor-to-ceiling windows complete with lake views. Nestled on the serene shores of Lake Travis, The Bond House is an architectural marvel designed by the legendary…

The post The Bond House: Where Luxury Is No Longer Just a License to Thrill appeared first on RISMedia.

Future Focused: Updating Your Business Plan for 2025

USA Real Estate News-RISMedia - Thu, 2024-09-19 13:35

As real estate professionals continue to navigate today’s legal landscape and face the impactful changes resulting from the National Association of REALTORS®’ (NAR) $418 million settlement, mapping out a business plan for the year ahead is more important than ever.  Embrace the new As policy changes that took effect last month under NAR’s Settlement Agreement…

The post Future Focused: Updating Your Business Plan for 2025 appeared first on RISMedia.

Tough love time? Here are 5 strategies for better agent results

USA Real Estate News-Inman - Thu, 2024-09-19 13:30
Loyalty bonds between agents and brokerages are fragile. How hard can you push without breaking? Wallace Real Estate’s Claudia Stallings has tough love tips for agents in today’s market.

Mortgage Rates Continue to Fall, Driving Activity for Purchases, Refinances

USA Real Estate News-RISMedia - Thu, 2024-09-19 13:06

More signs point to more favorable housing costs this week as average mortgage rates continued to fall, following an aggressive half a point cut to interest rates announced by the Federal Reserve on Wednesday.  The 30-year fixed-rate mortgage (FRM) averaged 6.09% this week, down from 6.20% last week, according to the latest Primary Mortgage Market…

The post Mortgage Rates Continue to Fall, Driving Activity for Purchases, Refinances appeared first on RISMedia.

Compass nabs high-profile NYC agent from Official

USA Real Estate News-Inman - Thu, 2024-09-19 13:02
Jared Schwadron operates in New York City, the Hamptons and Miami and is the latest get for Compass as it competes to build a roster of top agents in lean times.

Compass sees growth spurt in Arizona with addition of North & Co

USA Real Estate News-Inman - Thu, 2024-09-19 12:43
The addition brings upwards of 200 agents to Compass' ranks and gives the brokerage a strong position in the state's luxury market. Compass will also launch new offices in Chandler and Flagstaff in 2025.
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