RIS Media Real Estate News

After five consecutive weeks of declines including to their lowest level in 28 years, mortgage applications increased this week, 2.3% from one week earlier, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending August 25, 2023. This week’s numbers:  The Market Composite Index, a measure of…

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A mixed report on pending home sales to close out the summer offers a muddled picture of 2023’s slow season, as the forward-looking data on contract signings found transactions varied widely across the country. Overall, pending sales rose 0.9%, with the Midwest and Northeast experiencing decreases as the South and West saw increased signings. “The…

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On Sunday, my home state of California was hit with its first tropical storm in 84 years–Hurricane Hilary. Several important leadership lessons from the storm can be applied to various aspects of life and decision-making. Here are seven leadership lessons we can learn: Plan for the long-term. According to the New York Times, the last…

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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 News. In this edition of Level Up: The Real Story from REALTORS®, learn about the concepts…

The post Level Up: The Real Story from REALTORS® | Diversity, Equity and Inclusion appeared first on RISMedia.

Proptech company BoxBrownie.com has announced a partnership with real estate brand 72SOLD. BoxBrownie is known in the industry for its photo-editing service, with a commitment to 24-hour turnaround time on photos, the company said. 72SOLD “accelerates the home-selling process by compressing the marketing, buyer identification, showings and offers into eight days. BoxBrownie.com Co-Founder Brad Filliponi…

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Following RISMedia’s recent unveiling of the Top 25 regional Rookie of the Year finalists for 2023, this series will spotlight the five finalists from each region, continuing this week with the five finalists from the Southern region.  The Rookie of the Year program, sponsored by Colibri Real Estate and now in its second year, is…

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Equip your agents with effective safety techniques to identify possible threats through situational awareness. Join Geoff Fahringer—a REALTOR®, safety instructor, and former law enforcement officer—in this session on September 13th at 12:00 PM CT and be part of cultivating a culture of proactive safety within your firm. Register now!

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Keep Safety Top of Mind and Close to Heart Drive With NAR: The Safety Series is REALTOR® Magazine’s latest member benefit in partnership with the REALTOR® Safety Program. The new podcast is designed to help reduce the number of safety incidents experienced by REALTORS® on the job. REALTOR® safety is one of our top priorities…

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As of Q3 2023 about 1.3 million (1,277,612) residential properties across the U.S. are vacant, representing 1.3% (one in 79 homes), according to a new report from ATTOM. These numbers are virtually the same as last quarter. ATTOM’s Vacant Property and Zombie Foreclosure Report for Q3 2023 found that 315,425 residential properties are in the…

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Even as sales have slumped, home prices have remained mostly resilient and even beaten long-term averages, according to the latest data from the flagship S&P CoreLogic Case-Shiller Index, which tracked a 0.7% increase over last month. Prices are up 4.7% so far this year. Though the report uses lagging data, and does not include the…

The post Half of Major Metros Post Yearly Price Gains Amid Summer Rally appeared first on RISMedia.

Better Homes and Gardens Real Estate LLC has announced it has expanded to Turkey (officially the Republic of Türkiye). The brand has signed a master franchise agreement with Burak Özmutafoğlu, who is now president and chairman of the Board of Directors at Better Homes and Gardens Real Estate Turkey. The brokerage’s office is located in…

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This Friday—September 1, 2023—is the final day to nominate a 2024 Real Estate Newsmaker! Don’t miss your chance to acknowledge and applaud your colleagues and peers for their achievements and contributions this year. RISMedia’s 2024 Newsmakers will be spotlighted in Real Estate magazine early next year, and featured in the online Newsmakers directory at rismedia.com.…

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Against the backdrop of rising controversy surrounding alleged sexual harassment, Kenny Parcell is stepping down as the president of the National Association of REALTORS® (NAR). Mere days after the New York Times released an exposé unveiling the results of its investigation of NAR and its leadership, Parcell alerted NAR Monday that he would relinquish his…

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For every agent, there is usually someone pining to buy residential real estate who will follow their guidance precisely and unconditionally, knowing they are the industry expert, thus making a purchase with complete and utter confidence. That someone is themself. Investments lead to profit or loss, but it’s why you as an agent are way…

The post Investment Properties…Should You Guide Others to Buy, Buy Yourself or Both? appeared first on RISMedia.

In a consumer-facing industry like real estate, brand recognition can go a long way toward elevating a team to success, but in order to consistently show up for a robust list of clientele, you need to have an advanced digital portfolio. Specializing in luxury markets coupled with the newest advancements in targeted digital marketing can…

The post Building and Sustaining Your Online Presence appeared first on RISMedia.

When building a new home, the cost is often a significant consideration. Many prospective homeowners seek the most affordable options while maintaining quality and comfort. But how much does it cost to build a house? The answer is it can vary tremendously based on the type of home. We will explore the cheapest types of…

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The National Association of REALTORS® recently released the latest edition of its Community & Transportation Preferences Survey, a poll taken every two to three years of residents in the 50-largest metropolitan areas to gauge partialities regarding their home’s type and location, in addition to community attributes they find desirable. The survey found that coming out…

The post Demand Grows for Walkable Communities appeared first on RISMedia.

While the adage “you win some, you lose some” may air on the side of cliche, it’s rather appropriate when looking at the continued courtroom volley that has taken place in some of the real estate industry’s most prominent lawsuits. Take the ongoing saga between Zillow and REX Real Estate, for example. After securing a…

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Consumer sentiment fell 2.9% in August, while still maintaining the second-highest reading in 21 months, according to data from the University of Michigan. “After rising sharply for the past several months, consumer sentiment moved sideways in August with a small decline that is not statistically different from July,” said Joanne Hsu, director of the Surveys…

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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. Mortgage rates rose again this week, reaching their highest level since 2001, according to Freddie Mac’s latest Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 7.23%, while the 15-year fixed-rate mortgage averaged 6.55%. “Indications…

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