RIS Media Real Estate News

The January issue of RISMedia’s Real Estate magazine is now available, and not to be missed are several exclusive features, including an in-depth look at Inside Real Estate’s acquisition of BoomTown and what it means for not just their profits but for their brokers, teams and agents. In addition the issue features RISMedia’s 35th annual…

The post The April Issue of Real Estate Magazine is Now Live appeared first on RISMedia.

In the first in a new monthly series, Bright MLS, the second-largest MLS in the country, released a pre-spring survey of its subscribers last week, finding at least some preliminary evidence that buyer demand picked up ahead of an uncertain spring season. This first analysis comes at a key moment, as brokers and agents wait…

The post MLS Survey Foreshadows Potential Spring Rebound appeared first on RISMedia.

Editor’s Note: RISMedia recently released a special advanced look at the Top 100 firms ranked in RISMedia’s 35th Annual Power Broker Report, exclusively for RISMedia Premier Members. The Top 500 Power Broker firms will also be released in advance to Premier Members in the coming days, and the Top 1,000 firms will be available this…

The post The Power Broker Interview: Gino Blefari Discusses HomeServices’ Performance appeared first on RISMedia.

While the Federal Reserve hopes to be ending their interest rate hikes in the coming future, the latest personal consumption expenditure (PCE) index from the Bureau of Economic Analysis—the Federal Reserve’s favored measure of inflation—demonstrates that inflation still persists. The Bureau’s latest data found that the PCE index increased $27.9 billion (0.2%) in February. While…

The post Core Inflation Still Persists; Data Indicates Personal Income Increased appeared first on RISMedia.

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. How low will mortgage rates go? The 30-year fixed mortgage rate dropped for the third consecutive week, according to the latest Primary Mortgage Market Survey® from Freddie Mac, which showed mortgage rates at 6.32% amid…

The post Mortgage Mix: Rocket Credit Cards, Extended Mortgage-Payment Deferrals Hit the Market appeared first on RISMedia.

Home prices have risen at a significantly higher rate than inflation since 2020, 42% compared to 14%, according to a new report from Clever. Clever’s new report analyzed how inflation and home prices have increased over the decades, honing in 2020 vs. 2022. The report found that the median home price has risen from $329,000…

The post Home Prices Have Exceeded Inflation appeared first on RISMedia.

A federal judge yesterday affirmed class-action status for a suit targeting the National Association of REALTORS® (NAR) and several real estate companies, potentially opening up the antitrust case to a huge number of recent—and future—home sellers. In her 54-page ruling, Judge Andrea R. Wood of the Northern District of Illinois denied a motion by NAR…

The post $13.7 Billion Commission Lawsuit Certified as Class Action appeared first on RISMedia.

The recent six-month surge in active listings lost momentum, moderating to 59.9% year-over-year, and time on market shrank to 54 days, from January’s high of 74 days, as buyers eased back into the market in March, but higher mortgage rates could freeze them back out, according to a new report from Realtor.com.  Realtor.com’s Monthly Housing…

The post Spring Thaw Lures Buyers Back Into the Housing Market appeared first on RISMedia.

For the month of January, 2.8% of all mortgages in the U.S. were in some stage of delinquency, a 0.5 percentage point decrease compared with 3.3% last year and a 0.2 percentage point decrease compared with last month, according to a new report from CoreLogic.  According to CoreLogic’s monthly Loan Performance Insights Report, in January…

The post Mortgage Delinquencies Decrease Both Monthly and Annually appeared first on RISMedia.

The high cost of housing isn’t just relegated to homeowners, with renters feeling the sting of rising prices. In fact, more than 8 million (13.17%) adults live in a household not caught up on rent payments, according to a new report from LendingTree. LendingTree’s new report, based on U.S. Census Bureau Household Pulse Survey data,…

The post More Than 8 Million Adults Aren’t Caught Up On Rent appeared first on RISMedia.

When you buy a house for the first time, you will be asked by the lender how long you want the mortgage to last. In mortgage and real estate circles, this is the term of a mortgage. Most standard mortgages are either 15 or 30 years in length. However, many mortgage lenders have offered custom…

The post What is the Length of a Mortgage and How to Decide What’s Best appeared first on RISMedia.

@properties and Christie’s International Real Estate. The two co-owned real estate brands are planting their flag in the south-central Wisconsin market, partnering with leading independent Madison brokerage firm LeGrand Real Estate, which will rebrand as @properties elleven Christie’s International Real Estate.   @properties elleven Christie’s International Real Estate is led by mother-son team Melissa LeGrand and…

The post Wisconsin Luxury Brokerage Affiliates With Christie’s Brand appeared first on RISMedia.

Editor’s Note: The Playbook is an RISMedia weekly segment centering on what brokers and agents are doing to ensure they not only survive but thrive in these challenging times. Industry professionals explain the strategies they’re employing and unique ideas they’ve formulated. Tune in every Thursday for another addition to the series.  In a market with…

The post THE PLAYBOOK: Become a Memorable Agent With the ‘Basics’ appeared first on RISMedia.

Many buyers and sellers are rethinking their approach to achieving their real estate goals due to the market turmoil of recent years, according to a new report from RE/MAX. RE/MAX’s U.S. Future of Real Estate 2023 report includes a survey of more than 2,900 homebuyers or sellers, along with expert interviews with real estate researchers…

The post What Buyers and Sellers Want From the Market appeared first on RISMedia.

In February, RISMedia named more than 300 real estate professionals as 2023 Real Estate Newsmakers. Each of these individuals—separated into six categories—was either nominated by you, the RISMedia reader or chosen by our editors. RISMedia Newsmakers also made newsworthy contributions within their own communities or the industry as a whole and have dedicated their lives…

The post RISMedia’s 2023 Real Estate Newsmakers: Meet the Trailblazers appeared first on RISMedia.

The 30-year fixed-rate mortgage (FRM) averaged 6.32%, its third consecutive week of declines, down from 6.42% the previous week, according to the latest Primary Mortgage Market Survey (PMMS) from Freddie Mac released Thursday. This week’s numbers: 30-year fixed-rate mortgage averaged 6.32% as of March 30, 2023, down from last week when it averaged 6.42%. A…

The post Mortgage Rates Decrease for Third Consecutive Week appeared first on RISMedia.

Nearly half of seller’s agents (48%) reported that staging a home decreased its time on market, according to a new report by the National Association of REALTORS® (NAR). NAR’s 2023 Profile of Home Staging reveals the role home staging plays in the real estate transaction, including the perspectives of buyers’ and sellers’ agents, the impact…

The post 48% of Agents Say Staging a Home Reduces Its Time on the Market appeared first on RISMedia.

Committed to empowering women and minorities in the real estate industry through education, mentorship and advocacy, Ige Johnson—founder, president and CEO of the Ige Johnson Group at eXp Realty—is pushing the bounds to make the real estate industry better for everyone. In this exclusive interview, Johnson talks candidly about what drew her to real estate,…

The post Creating a More Equitable and Diverse Industry appeared first on RISMedia.

Editor’s Note: This is part of a monthly video series from the NATIONAL ASSOCIATION OF REALTORS® to inform and educate members about important aspects of being a real estate professional. Watch for this series each month in RISMedia’s Daily Real Estate Advisor. A contract termination can be stressful for both parties. In this latest Window…

The post Window to the Law: Avoiding Risks of Contract Terminations appeared first on RISMedia.

Coldwell Banker Wallace has become Wallace and is now the largest independent real estate firm headquartered in East Tennessee, with nearly 500 agents, the company announced. The four partners and co-owners, brothers George Wallace and Jim Wallace, Claudia Stallings and Andrew McGranaghan, made the move to independence to provide more flexibility, support and opportunities for…

The post Wallace Relaunches as Largest Independent Real Estate Firm in East Tennessee appeared first on RISMedia.