Mortgage Applications Decrease Following More Rate Hikes
The increase in mortgage applications last week was short-lived, as purchase applications fell this week, down 1.3% from one week earlier when we saw a temporary increase of 5.4%. This is according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending September 22, 2023. Here’s a look…
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Diverse REALTOR® Advocate Groups Join ‘Stop Hate’ Initiative
Across the country, there are places where it simply isn’t safe for some people to live. In a time where states continue to pass discriminatory laws, with hate crimes and discrimination on the rise, a group of over 75,000 members of the real estate community are calling on colleagues, friends and REALTOR® leadership to be…
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Why Fixer-Uppers Have Fallen Out of Favor
Many potential buyers are struggling in the current housing market, but even with the market teetering in sellers’ favor, not every house is flying off the market. Buyers don’t want fixer-uppers In a recent podcast, J.R. Whalen of the Wall Street Journal noted, “Traditionally, fixer-upper homes have given buyers an opportunity to save some money…
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Consumer Confidence Sees Another Dip in September
Consumer confidence fell for the second month in a row, from 108.7 in August to 103 in September, according to the latest data from The Conference Board. “Consumer confidence fell again in September 2023, marking two consecutive months of decline,” said Dana Peterson, chief economist at The Conference Board. “September’s disappointing headline number reflected another…
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New-Home Sales See Big Fall in August
Due to rising mortgage rates and a lack of inventory, new-home sales saw a drastic 8.7% dip in August, according to a new report from the National Association of Home Builders (NAHB). NAHB reported, using data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, that sales of newly built,…
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Buckle Up: 2024 Is Going to Get Weird
Real estate is no stranger to the out-of-the-ordinary, and 2024 looks like it’s going to be a doozy. In some ways, we’ve found a new “normal”: shrinking broker margins, rising costs, inflationary pressure and scarce seller leads. In others, like interest rates, inventory and pricing, things feel more uncertain than ever. We’re heading for uncharted…
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Strategies for Navigating the Current Market: Adapting to Changes and Focusing on Growth
Above, left to right: J. Lennox Scott, chairman & CEO, John L. Scott Real Estate; Jim Fite, president & CEO, CENTURY 21 Judge Fite Company; Vanessa Bergmark, owner/CEO, Red Oak Realty; Chris Trapani, founder & CEO, Christie’s International Real Estate Sereno; and John Featherston, founder & CEO, RISMedia. Photo by AJ Canaria. While low inventory,…
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Put Your Agents’ Safety First
Access NAR’s Safety Toolkit to develop a strong culture of safety in your firm. Share safety tips, discussion topics, and webinars year-round with your agents to ensure they understand the risks, recognize warning signs, and know how to avoid becoming a victim. Make safety your priority so that everyone makes it home safely every night.…
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Elevate Your Skills and Save With NAR Academy
NAR PULSE-Take your career to the next level with an MBA or certificate from NAR Academy at Columbia College. As a first-time student, you can receive 50% off your first eligible course for the late fall 2023 session. Register by Oct. 25! Ask an appraiser webinar – register today Join us on October 4, for…
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NAR and CCIM Institute Partner for Summit
The National Association of REALTORS® (NAR) and the CCIM Institute, one of the largest commercial real estate networks in the world with chapters in more than 30 global markets, have partnered to present the C5 + CCIM Global Summit, NAR has announced. Practitioners within the entire commercial ecosystem—including brokerage, financing, development, asset and property management…
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