Debt Ceiling, Rate Jitters Ding Broker Confidence
A late run-up in mortgage rates and an ugly standoff in Washington D.C. appear to have spooked the real estate industry as RISMedia’s Broker Confidence Index (BCI) skidded in May, falling to its lowest reading of the year. As mortgage rates simultaneously reached a six-month peak, both real estate professionals and consumers were bombarded with…
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Home-Price Growth Continues Single-Digit Slowdown in April
Home price growth rose 2% year-over-year, the 135th consecutive month of annual growth, according to a new report from CoreLogic. CoreLogic’s latest Home Price Index found that April marked the sixth straight month of single-digit gains, which have slowed from an all-time high of nearly 20% annual appreciation in the spring of 2022. Key highlights:…
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The 10 Most Popular Metros for Gen Z Homebuyers
As of 2022, adult Gen Zers (ages 18-25) account for 14.91% of potential homebuyers across the nation’s 50 largest metros, and this metric is only expected to grow in the coming years. As Gen Z’s homeownership grows, where is the demographic looking at buying? LendingTree’s new report analyzed mortgage purchase requests from adult Gen Z…
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Fourth Straight Week of Decreases for Mortgage Applications
Mortgage applications decreased 1.4% this week, down from a 3.7% decrease the previous week and reaching its fourth-straight week of dips, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending June 2, 2023. This week’s results include an adjustment for the Memorial Day holiday. This week’s…
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Social Skills: Summer Events to Generate Leads and Beat the Heat
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. Events, events, events! Any REALTOR® in the business can—and will—tell you that hosting or getting involved with events is such an important way to generate leads among your…
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Building Funds to Fortify Hope for Communities in Need
NAR PULSE—When you hear about a disaster your heart goes out and your empathy kicks in. The REALTORS® Relief Foundation is building up reserves that will allow us to respond immediately, helping people rebound, recover, and rebuild with every dollar you donate going directly to disaster relief. Have your agents be a hero for hope…
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The Most Active Cities for Home Construction
With low housing inventory, home construction has been ramping up to fill in the gaps in some places. But, what cities have been leading the charge on development? StorageCafe’s latest report looked at new construction over the last 10 years (2013 – 2022) in the 100 largest cities to see which areas experienced the most…
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What the Price of One Home in NYC Could Buy You Elsewhere
New York City is notorious for its currently high priced housing market, especially for its expensive luxury homes and condos. In fact, the city’s most expensive condo, 220 Central Park South #50 set a record by selling at $240 million back in early 2019. With $240 million, how many homes could you buy in other…
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RE/MAX Sells Master Rights in Republic of Fiji
Don Ha, owner of RE/MAX Master Franchise Rights in New Zealand, is expanding his operation by purchasing the same rights to bring the franchise to the Republic of Fiji, the company has announced. Ha is the franchise owner of RE/MAX Revolution based in Auckland, New Zealand. “Bringing RE/MAX to Fiji will create more competition in…
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NAHB Tracks Single-Family Construction Slowdown
The latest Homebuilding Geography Index (HBGI) from the National Association of Homebuilders (NAHB) found a slump in single-family home construction during Q1 2023. This is described as a consequence of high construction costs and interest rates since the height of the pandemic. However, the decline was less pronounced in low density markets. Key details: Large…
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