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Integrity in Real Estate
Updated: 12 min 39 sec ago

New-Home Mortgage Applications Jump in March Despite Fewer Sales, MBA Reports

Fri, 04/19/2024 - 09:07

In a mixed bag for housing, mortgage applications for new homes jumped in March, while new-construction sales simultaneously fell amid affordability woes, according to the Mortgage Bankers Association (MBA). Mortgage applications for new-home purchases rose 6.2% in March compared to the same period last year, according to data from the MBA’s Builder Application Survey (BAS).…

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Nothing but Full Service-Plus Works for Kansas City Team

Thu, 04/18/2024 - 17:48

Erin Peel remembers poring through the pictures in her mother’s heavy and closely guarded MLS book when she was just a kid in Kansas City – and while her mom left the real estate business after several years, the image of all those lovely homes stayed with her. Her path to real estate was not…

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Ask The Newsmakers: Making Fair Housing a Reality for All

Thu, 04/18/2024 - 13:33

Real estate professionals are on the frontlines when it comes to advocating for fair housing and the future of our industry. As we commemorate Fair Housing Month in April, we asked some of our 2024 Real Estate Newsmakers who have a reputation for community activism the following question: “How are you promoting the principles of…

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National Homebuilders Association Researches What Buyers Want

Thu, 04/18/2024 - 12:55

BuilderBooks, the publishing arm of the National Association of Home Builders (NAHB) recently released the fourth edition of “What Home Buyers Really Want.” “Based on a comprehensive nationwide survey of recent and prospective homebuyers, “What Home Buyers Really Want” offers unparalleled insights into the pulse of today’s housing demands,” said Carl Harris, chairman of the…

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Understanding the Importance of Septic Inspections as a Buyer and Homeowner

Thu, 04/18/2024 - 12:20

Septic tank inspections are crucial for any homeowner considering the purchase of a house with a septic system. I will cover the inspection process, identify who should perform it and explain its importance. A septic system handles a home’s wastewater, making its condition vital for property value and health standards. Inspections can prevent future expenses…

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Existing-Home Sales Decline in March

Thu, 04/18/2024 - 11:23

After a promising start to the year, existing-home sales declined 4.3% in March, to a seasonally adjusted annual rate of 4.19 million, according to the latest report from the National Association of REALTORS® (NAR). This represents a 3.7% decline year-over-year (in March 2023, home sales were 4.35 million).  After dropping to the lowest level in…

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Mortgage Rates Exceed 7% for First Time This Year

Thu, 04/18/2024 - 09:26

Marking a third straight week of increases and moving over 7% for the first time this year, the 30-year fixed-rate mortgage (FRM) averaged 7.10% this week, up from last week’s increase to 6.88%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. The numbers:  The 30-year FRM averaged 7.10 percent…

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The Buyer-Agent Playbook: How Mortgage Mastery Can Boost Your Value Prop

Thu, 04/18/2024 - 08:12

The Buyer-Agent Playbook is a new iteration of RISMedia’s biweekly Playbook segment, specifically centering on buyer agency and how agents are navigating the changes and trends in a post-NAR-settlement environment. The series will provide brokers and agents with insights and information to ensure they not only survive but thrive in these challenging times. Industry professionals…

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Keller Williams Liable for Agents’ Illegal Spam Calls, Judge Rules

Thu, 04/18/2024 - 08:02

In a case that could have broader implications for nearly every large real estate company, a federal judge ruled earlier this week that Keller Williams as a franchisor can be held responsible for the actions of individual agents who made sales calls to individuals on “Do Not Call” registries.  The ruling stems from a long-running…

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Cultivating a Data-Driven Legacy

Thu, 04/18/2024 - 07:18

As REcolorado commemorates its 40th anniversary, Justin Knoll’s illustrious career in Colorado’s real estate landscape takes on added significance. With a diverse background, Knoll’s recent venture into proptech development provides a renewed perspective on the industry’s trajectory. Through its four-decade journey, REcolorado has continually set the standard for MLS excellence—driving progress and shaping the future…

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Newsmaker Spotlight: LaMarcus Thurman on a Journey From Finance to Real Estate, and Helping Communities Who Need It

Thu, 04/18/2024 - 07:00

LaMarcus Thurman, vice president of community lending at Howard Hanna and co-founder of company division United Purpose Mortgage, makes an impact as both a professional and an activist. A member of numerous non-profit boards, Thurman’s efforts at expanding homeownership earned him his first RISMedia Newsmakers award in 2024 as a Crusader. For the latest entry…

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Thoughts on Leadership: Navigating Through Change—A Leadership Odyssey

Wed, 04/17/2024 - 13:36

Change, with its inherent unpredictability, can rattle even the most composed teams. The true essence of leadership lies in metamorphosing this uncertainty into a beacon of opportunity, transforming fear into courage, and translating confusion into lucid clarity. Our reaction to change can either be the wind in our sails or the anchor dragging us down.…

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Leading Real Estate Companies of the World Adds New Business Solution

Wed, 04/17/2024 - 10:52

Leading Real Estate Companies of the World® has announced it has added Roomvu to its solutions group program of preferred business resources for its global network of 550 market-leading real estate firms. Roomvu helps real estate professionals sustain their social media presence by automatically posting local, relevant, and timely content on platforms like Facebook, Instagram,…

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RE/MAX Broker Earns National Award at R4 Convention

Wed, 04/17/2024 - 10:31

Above, Andrea Dockery RE/MAX LLC has announced that Broker/Owner Andrea Dockery of RE/MAX Experts in Lakeland, Florida, was named the 2023 Broker/Owner of the Year, Single Franchise in the United States, at the annual RE/MAX R4 Convention in Las Vegas. The award, coming on the heels of Dockery receiving RE/MAX’s Outstanding Brokerage of the Year…

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Supreme Court Denies HomeServices Petition to Nullify Burnett Ruling

Wed, 04/17/2024 - 10:21

On Monday, the Supreme Court denied a petition by HomeServices of America—a “Writ of Certiorari”—filed this past February and aimed at nullifying the Burnett ruling; however, plaintiffs won’t be able to claim $4.7 billion in damages as of right now either. HomeServices of Americas’ initial 49-page petition to the Supreme Court was an attempt to…

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Op-Ed: The Truth About Home Prices and Real Estate Commissions

Wed, 04/17/2024 - 09:58

Given the recent proposed settlement agreements and accompanying media hoopla, it is time for the voice of factuality to be heard.  Now we must even combat misleading presidential pronouncements, such as this from a March 19, 2024, news conference: “…last week the National Association of Realtors agreed for the first time that Americans can negotiate…

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Top Strategies to Access the Affluent

Wed, 04/17/2024 - 09:13

Accessing affluent buyers in the luxury real estate market requires a strategic approach that takes into account their preferences, behaviors and expectations. By implementing a combination of the strategies outlined below you can effectively access this desirable market segment in the luxury real estate industry. Here are some top ways to access the affluent: Establish…

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Weichert Expands Franchise Sales Team

Wed, 04/17/2024 - 08:30

Weichert Real Estate Affiliates, Inc. recently added Paula Atakhanian, Robert Clark, Denis Faherty, June Huber, and Andy Weiss to its franchise sales team. The group is dedicated to growing the Weichert brand and guiding prospective franchisees toward a path of sustained success. The expansion of the franchise sales team will help Weichert continue to meet…

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Fed Chair Signals No Rate Cuts in May on Heels of Latest Inflation Data

Wed, 04/17/2024 - 08:29

Federal Reserve Chairman Jerome Powell was clear in new remarks Tuesday that the central bank has no intention of cutting rates until the U.S. makes sustained progress in bringing down inflation. The Fed chief said that recent economic data has undoubtedly shown the U.S. economy’s resilience and strong performance over the past year, especially in…

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NAR Announces the Companies Attending REACH 2024

Wed, 04/17/2024 - 08:23

Second Century Ventures, the strategic investment arm of the National Association of Realtors®, announced the acceptance of eight companies to the 2024 REACH program. This marks the 12th cohort focused on accelerating technology solutions for the U.S. residential real estate sector. “Through the REACH scale-up program, we’re catalyzing transformative advancements at the intersection of technology…

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