News ? RISMedia
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How to Leverage Virtual Staging for Your Listings (and Why It Works)
There are many ways for real estate professionals to present their listings. With the rise in technology over the past few years, the impact of the pandemic plus the rate at which millennials and Gen Z homebuyers are entering the market, it has become more important than ever to showcase your properties the right way…especially…
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Inflation May Be Slowing, but so Is Consumer Spending
There’s still a way to go before the Federal Reserve gets inflation under control. However, the signs of progress continue to come in as personal consumption expenditure (PCE) inflation?the Fed’s preferred measurement?also shows signs of deceleration. New data released by the Commerce Department on Friday show that PCE dipped 0.2% last month, marking the second…
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Pending Home Sales Snap Six-Month Decline With Pre-2023 Rebound
After half a year of declining contract signings, new data from the National Association of REALTORS® (NAR) shows that pending home sales in December snapped the cold streak. NAR?s Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, increased by 2.5% to 76.9 last month, and year-over-year sales decreased…
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Mortgage Mix: Better Times May Be Ahead
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. In a sign of better times ahead, mortgage rates continued to decline this week. The 30-year fixed-rate mortgage averaged 6.13% this week, down from last week?s rate of 6.15%, according to the latest Primary Mortgage…
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Frequency and Severity of E&O Lawsuits Against Real Estate Professionals Have Increased
Coinciding with the cooling housing market, the frequency and severity of lawsuits filed against real estate professionals have escalated. A contributing factor to this phenomenon is self-reported frustration from buyers who completed transactions at the height of the market. At Victor Insurance Managers LLC, we?ve seen year-on-year increases in both the frequency (9%) and severity…
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Tips for Property Tech-Tool Adoption
In today?s busy world, driving the adoption of MLS-provided tech tools can be a real challenge. While these helpful tools are meant to empower members to succeed in the market, lack of awareness is often the culprit when it comes to low adoption rates. In fact, research shows that lack of awareness is the greatest…
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The 10 Best Markets for First-Time Homebuyers in 2023
Out of all the market challenges of 2022, first-time homebuyers had some of the biggest. With high home prices and equally high mortgage rates, many felt locked out of the market. Now, experts across the industry are expecting a cooldown to approach sometime within 2023. First-time homebuyers could have their opportunity to bounce back, but…
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Mortgage Performance Remained Exceptionally Healthy in November
For the month of November, 2.9% of all mortgages in the U.S. were in some stage of delinquency, representing a 0.7 percentage point decrease compared to 3.6% last year, according to a new report from CoreLogic. According to CoreLogic?s monthly Loan Performance Insights Report, in November 2022, the U.S. delinquency and transition rates, and their…
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Renting Remains More Affordable, Despite Rising Prices
Renting the average three-bedroom home is more affordable compared to owning a single-family home in the nation?s largest counties with populations of at least 1 million, according to a new report from ATTOM. ATTOM?s 2023 Rental Affordability Report analyzes the rental vs. the housing market to determine affordability. The report included counties if they had…
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What Donations Charities Will Pick Up at Your Home
When you move from home to home, you will find stuff you don?t need. Some of these items can be donated to charity instead of being thrown away, but taking them to a thrift store isn’t always easy. However, getting your home ready for sale is worth the effort. Some organizations will collect your stuff…
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