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Integrity in Real Estate
Updated: 59 min 42 sec ago

NAR Wins Award for Fair Housing Video Series

Fri, 02/02/2024 - 10:04

The National Association of REALTORS®’ (NAR) Bias Override video series, produced in collaboration with the Perception Institute, has won an Anthem Award. These awards “honor the purpose and mission-driven work of people, companies, and organizations worldwide.” “By amplifying the voices that spark global change, we’re defining a new benchmark for social impact work that inspires…

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U.S. Employment Soars, With 353,000 Jobs Added in January

Fri, 02/02/2024 - 09:43

Job growth was unexpectedly strong in January, with companies adding workers at the robust pace of 353,000 last month, another data report pointing to the strength of the U.S. economy.  The latest data, issued Friday by the U.S Bureau of Labor Statistics landed well above the 255,000 monthly average for 2023, which was higher due…

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MORTGAGE MIX: Supreme Court Schedules Major Mortgage Case; Fed Shaky on Rate Cuts

Fri, 02/02/2024 - 09:13

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. –A potentially landmark Supreme Court case is scheduled for oral arguments later this month, focused on a requirement that lenders pay interest on homeowner escrow accounts. A ruling in the case, which won’t be for…

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Consumer Sentiment Continues to Gain Momentum

Fri, 02/02/2024 - 09:06

The latest Survey of Consumers from the University of Michigan finds that consumer sentiment in January remains relatively rosy, suggesting optimism about the economy as the new year gets underway. The Index of Consumer Sentiment, calculated by surveying consumers, currently sits at 79, a substantial increase both month-over-month (69.7 in December 2023) and year-over-year (64.9…

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Brokerages Offer Differing Opinions on Lawsuit Consolidation With NAR

Fri, 02/02/2024 - 06:52

Amidst ongoing lawsuits countrywide surrounding the National Association of REALTORS® (NAR) and large brokerages, many have sided with NAR as pro-consolidation these past couple of weeks, and some companies for the first time—hoping for the implementation of 19 commission-related class-action suits into a single district. This remains a top priority for NAR, with eyes still…

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United Real Estate Announces New Vice President of Brokerage Development

Fri, 02/02/2024 - 06:25

United Real Estate announced the appointment of Chastity Davenport to the role of vice president of Brokerage Development. Davenport brings over 15 years of real estate and brokerage development experience to United, the company stated. Formerly senior vice president of Franchise Expansion at JPAR Real Estate, Davenport will utilize her background in driving brokerage development…

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Rent Crisis Is on the Decline, New Report Finds

Thu, 02/01/2024 - 13:06

America’s national rent crisis could be coming to an end. Rental prices have been elevated for years—and renters’ income hasn’t caught up to match—but per findings from the Waller, Weeks and Johnson Rental Index, rents are on the decline as of December 2023. The Index is named for the professors who contribute to it: Dr.…

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Thoughts on Leadership: Building a Winning Team With the 3 Bars Framework

Thu, 02/01/2024 - 12:55

In the dynamic world of leadership, the strength of a team hinges on the collective commitment to excellence. I firmly believe that each team member plays a crucial role in shaping the overall success. However, what happens when a standout player, once a beacon of success, starts veering off course? In the intricate landscape of…

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RISMedia Announces More Than 300 2024 Real Estate Newsmakers

Thu, 02/01/2024 - 12:49

From rising interest and mortgage rates, to elevated home prices and persistent inventory deficits, to ongoing lawsuits and unexpected scandals, 2023 presented more than its fair share of challenges to the real estate industry.  While we saw some make headlines for all the wrong reasons, there were many more who were doing newsworthy work for…

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Curbio Expands to All Markets

Thu, 02/01/2024 - 10:08

Curbio has announced that it is expanding its pay-at-closing home staging service to all markets following a successful pilot period and increased demand nationwide.  Curbio’s physical home staging services include a team of design experts who strategically place furniture and décor to appeal to potential buyers and accentuate the home’s most appealing assets, according to…

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The Pros and Cons of Buying a Home Under Construction

Thu, 02/01/2024 - 09:53

Buying a house under construction is a more viable option now than it has been in the recent past. That’s because a lot of builders are undertaking to fill market needs due to the limited inventory of current homes for sale. Mortgage rates in the mid-sixes have kept some potential home sellers staying put so…

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Mortgage Rates Tick Down This Week

Thu, 02/01/2024 - 09:41

Still hovering in the mid-sixes, the 30-year fixed-rate mortgage (FRM) ticked down this week, averaging 6.63%, down from last week’s 6.66%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: The 30-year FRM averaged 6.63% as of February 1, 2024, down from last week when it averaged…

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5 Expert Tips for a Faster Home Sale

Thu, 02/01/2024 - 09:34

Selling a house can be a significant undertaking. For many homeowners, the desire to sell a house fast is a top priority. When relocating, downsizing, or having other reasons for a speedy sale, implementing effective strategies can make a substantial difference. Whether selling a stigmatized property or a glamorous mansion, the home sale process can…

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Fed Requires ‘Continuing Evidence’ of Inflation Decrease Before a Rate Cut

Thu, 02/01/2024 - 09:11

As expected, the Federal Reserve indicated that rate cuts aren’t in proximity unless there is “continuing evidence” revealing inflation is decreasing toward the Fed’s 2% goal, as stated by Fed Chair Jerome Powell in a press conference after yesterday’s meeting. Inflation has, however, “eased from its highs without a significant increase in unemployment,” said Powell—a…

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NAR’s Blueprint: How It Plans to Regain Trust and Reverse Membership Losses

Thu, 02/01/2024 - 09:00

Above, NAR’s headquarters in Chicago It cannot have been easy for the National Association of REALTORS® (NAR) to remain relatively quiet while enduring the broadsides of the media for a variety of reasons over the last year or so. Between losing the Burnett trial, scandals and shake-ups in leadership, NAR has been on the defensive…

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Realtor.com Reports 8 Consecutive Months of ‘Softening’ Rent Prices

Thu, 02/01/2024 - 07:26

In December 2023, the U.S. median rent price decreased across all 0-2 bedroom properties, and rent was slightly lower than its 2022 peak—according to a year-end report from Realtor.com. As indicated in the report, median rent saw a year-over-year decline for the eighth consecutive month in December—down -0.4%—in the leading 50 metropolitan areas, at a…

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NAR Launches Newest “That’s Who We R” Marketing Campaign

Wed, 01/31/2024 - 12:35

The National Association of REALTORS® (NAR) has unveiled its sixth iteration of the “That’s Who We R” national advertising campaign, offering consumers a first-hand look at what REALTORS® can do for them.  The company stated that this year’s advertising campaign will be seen across modern touchpoints, including broadcast and streaming platforms, online and terrestrial audio,…

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Bright MLS Awarded for “Open Housing Marketplace” Campaign

Wed, 01/31/2024 - 12:31

Bright MLS has announced that its “Open Housing Marketplace” campaign, designed to increase awareness about a fair housing market, has been selected as a two-category winner (Responsible Technology and Diversity, Equity and Inclusion) in the 3rd Annual Anthem Awards. Launched in 2021 by The Webby Awards, The Anthem Awards honors the purpose & mission-driven work…

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The Best Cities for Gen Z to Buy a Home

Wed, 01/31/2024 - 12:23

At 21% of the current U.S. population, older Gen Zers (ages 18-27) are making their way into the world. With inflation slowing and the housing market seeing a correction, this generation is about ready to take their first steps into homebuying. However, despite better signs, there’s still a lot of issues throughout the housing market…

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Supreme Court to Hear Case on Mortgage Escrow Interest Accounts in February

Wed, 01/31/2024 - 10:11

The U.S. Supreme Court will hear oral arguments on Feb. 27 to decide whether a New York state law that requires mortgage lenders to pay homeowners interest earned on mortgage escrow accounts should be enforced. That’s according to Supreme Court docket files and reporting from the Consumer Finance Group of Ballard Spahr, a national law…

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