RIS Media Real Estate News

How much buzz can a four-month-old announcement create? If it impacts the affordability of homeownership one way or the other: plenty. That was the case over the past couple of days as the Federal Housing Finance Agency (FHFA) has evoked mixed emotions surrounding future and recent changes to the pricing framework of Fannie Mae and…

The post Controversial Fee Changes and FHFA Rescission Stir Up Mortgage Landscape appeared first on RISMedia.

In line with housing market challenges and persistently high mortgage rates, United Wholesale Mortgage (UWM) reported a net loss of $138.6 million in Q1 2023. Despite this, executives still have a positive outlook on the quarter and for the rest of the year. “The results of the first quarter again demonstrate that UWM will do…

The post Despite Losses, United Mortgage Keeps Positive Outlook appeared first on RISMedia.

The 30-year fixed-rate mortgage (FRM) averaged 6.35%, this week, down just a hair from 6.39% last 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 6.35% as of May 11, 2023, down from last week when it averaged 6.39%. A year ago…

The post Mortgage Rates Inch Down appeared first on RISMedia.

After a sharp decline in luxury home sales during the peak of COVID-19 pandemic, the luxury real estate market is back in full swing. In fact, compared to 2021, luxury single-family homes are flying off the market an average of 27 days faster—and overall sales of luxury properties increased by a whopping 41.6% in 2022.…

The post 4 Learning Resources for Luxury Real Estate Professionals appeared first on RISMedia.

National Association of REALTORS®  (NAR) Chief Economist Lawrence Yun said the Federal Reserve’s most recent rate hike was unnecessary, and he expects the Fed will stop raising interest rates further, during the “Residential Economic Issues & Trends Forum” at NAR’s 2023 REALTORS® Legislative Meetings. Yun discussed recent developments in the U.S. economy and their impact…

The post Latest Fed Rate Hike Unnecessary, Says NAR Chief Economist appeared first on RISMedia.

A total of 32,977 properties have foreclosure filings, down 10% from a month ago but up 8% from a year ago, according to a new report from ATTOM. ATTOM’s U.S. Foreclosure Market Report for April found that nationwide, one in every 4,234 housing units had a foreclosure filing. States with the highest foreclosure rates were…

The post Foreclosure Activity Declines Slightly in April appeared first on RISMedia.

Real Estate marketing company Adfenix has adopted the new name “RealForce,” the company has announced. The rebrand was spurred by two acquisitions made in the last 18 months: customer data company Quedro, and media management company Brandkeeper over the last 18 months. Accordingly, RealForce’s services will stretch beyond Adfenix’s niche of social media advertising. The…

The post Adfenix Rebrands Itself as RealForce appeared first on RISMedia.

The Houston Association of REALTORS® (HAR) has announced it has implemented Down Payment Resource (DPR) to bring Greater Houston area homebuyers’ attention to homebuyer assistance programs in the wake of declining housing affordability. Data indicates that homebuyer assistance programs can be especially impactful in the Greater Houston area, where 89% of listings are eligible for…

The post HAR Implements Down Payment Resource appeared first on RISMedia.

As the latest inflation data shows continued, albeit slow, progress toward taming record inflation, some in the housing industry—including National Association of REALTORS® (NAR) Chief Economist Lawrence Yun—have begun calling for the Federal Reserve to pause further rate hikes, fearing near-term negative consequences from restrictive rates. At NAR’s ongoing midyear legislative meetings in Washington, D.C.,…

The post Economists Urge Pause on Rate Hikes With Inflation Flat appeared first on RISMedia.

While not happy to acknowledge negative earnings for another fiscal quarter past, Robert Reffkin, founder and CEO of tech-enabled real estate brokerage giant Compass, expressed a strong optimism at a May 9 press conference that going forward there would be positive earnings reports. And even with revenue decreasing by 31% year-over-year to $957 million and…

The post With Losses Pared in Q1, Compass CEO Firm in Belief That the Worst Is Over appeared first on RISMedia.

Realty ONE Group has announced it has hired David Romero as their Executive Vice President of Growth.  “David has always been an agent-centric leader which makes him the perfect match for Realty ONE Group,” said Vinnie Tracey, president of Realty ONE Group. “But he’s also driven by his passion for real estate and for people…

The post Realty ONE Group Hires David Romero to Grow Global Network appeared first on RISMedia.

Following a slight decrease of 1.2% last week, mortgage applications increased 6.3% from one week earlier, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending May 5, 2023. This week’s numbers: The Market Composite Index, a measure of mortgage loan application volume, increased 6.3% on a…

The post Mortgage Applications Up This Week appeared first on RISMedia.

The Hudson Gateway Association of REALTORS® (HGAR) has announced that Amy DelliPaoli of Rye Brook, New York has joined as its new director of member engagement. DelliPaoli will implement strategic projects and develop initiatives that communicate the Association’s value to all HGAR Members and prospective members. DelliPaoli brings over two decades of experience in non-profit…

The post HGAR Recruits New Director of Member Engagement appeared first on RISMedia.

Editor’s Note: Social Skills is a bi-monthly feature in RISMedia’s Daily News focused on social media and digital marketing tips, trends and solutions for agents and brokers. When building your career as a REALTOR®, whether you’re on day one or 15 years in, it’s always good to connect with other professionals for advice and their…

The post Social Skills: Essential Real Estate Accounts to Follow appeared first on RISMedia.

NAR PULSE—Tell your team they can easily foster client connections by marking holidays and celebratory months, like Asian American & Pacific Islander Month and Mother’s Day, with a quick personalized social media post through the NAR + Photofy app. C2EX Broker Challenge – Fire Up Your Agents! Join the Challenge by encouraging your agents to…

The post Access Personalized Templates on the Photofy App appeared first on RISMedia.

Real Estate Webmasters takes Florida real estate professional’s web presence to a new level     It’s no surprise that Ken Pozek, broker associate and team leader of the Pozek Group at Keller Williams in Orlando, Florida, finds himself channeling Walt Disney’s famous mind-mapping concept as he plans his company’s expansion from residential real estate to commercial…

The post Attracting and Converting Website Visitors in the Digital Age appeared first on RISMedia.

Multifamily rents increased for the second month in a row in April, rising $5 to $1,709, according to a new report from Yardi Matrix. Rents previously rose $3 (to $1,706) in March, after a 5 month pause in growth. Yardi Matrix’s National Multifamily Report for April found that year-over-year growth fell to 3.2%, down 80…

The post Multifamily Rents Continue to Rise appeared first on RISMedia.

At its recent annual awards program, Berkshire Hathaway HomeServices Arizona Properties announced that the company closed 10,854 transactions and completed $7.2 billion in real estate sales during 2022. At the program, the company’s top 10 teams and top 10 individual sales executives were recognized. Berkshire Hathaway HomeServices Arizona Properties’ top 10 individual sales executives for…

The post Berkshire Hathaway HomeServices Arizona Properties Honors 2022 Sale Achievements appeared first on RISMedia.

Forbes Global Properties has announced that the Luxury specialist firm Best Invest has joined their network and will represent the Forbes brand in the Republic of Turkey. “Best Invest is proud to join Forbes Global Properties,” said Mehmet Gökkaya, general director, Best Invest. “We are confident that our valued buyers and sellers will benefit from…

The post Forbes Global Properties Announces New Presence in Turkey appeared first on RISMedia.

Nearly seven out of 10 metro markets registered home price gains in Q1 2023, despite mortgage rates still remaining at a high of 6.1% – 6.7%, according to a new report from the National Association of REALTORS® (NAR). NAR’s latest metro area index for Q1 2023 found that 7% of the 221 tracked metro areas…

The post 7 of 10 Metro Markets Register Home-Price Gains in Q1 2023 appeared first on RISMedia.