Zeller Realty - Sierra PropertiesLicense #: 00319644

Zeller Realty - Sierra PropertiesLicense #: 00319644

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Ahead of Expected Fed Rate Cut, Mortgage Applications Increase for Third Straight Week

USA Real Estate News-RISMedia - Wed, 2024-09-11 12:05

Home purchase applications edged up for the third straight week, increasing 1.4% from last week’s increase of 1.6%, as mortgage rates hit their lowest level in six weeks and a 25-basis point interest rate cut by the Federal Reserve is likely in the offing. This week’s latest mortgage application data from the Mortgage Bankers Association’s…

The post Ahead of Expected Fed Rate Cut, Mortgage Applications Increase for Third Straight Week appeared first on RISMedia.

Bezos got a bargain. Now the homeseller’s suing Douglas Elliman

USA Real Estate News-Inman - Wed, 2024-09-11 11:51
After learning that Amazon founder Jeff Bezos was behind the entity that had purchased his Indian Creek Island home at a $6 million discount, homeseller Leo Kryss was not pleased with the brokerage, which double-ended the deal.

8 tips for optimizing opportunity at your next open house

USA Real Estate News-Inman - Wed, 2024-09-11 11:45
In the new normal, open houses have once again become one of the most valuable lead sources available, team leader Carl Medford writes. Here's how to run one the right way and make the most of the opportunity it presents.

UK portal Rightmove rejects bid from Rupert Murdoch’s REA Group

USA Real Estate News-Inman - Wed, 2024-09-11 11:16
UK portal Rightmove's board of directors has unanimously rejected News Corp subsidiary REA Group's $7.32 billion acquisition bid, saying it "fundamentally undervalues" the company's current and future prospects.

NextHome Settles Seller Lawsuits in Ketchmark Copycat

USA Real Estate News-RISMedia - Wed, 2024-09-11 11:10

NextHome has become the latest brokerage to strike a settlement agreement with seller plaintiffs in ongoing commission lawsuits, joining more than a dozen other defendants who have negotiated deals in the largest Burnett copycat case (known as Gibson) led by star trial attorney Michael Ketchmark. A judge paused all upcoming deadlines after NextHome and plaintiffs’…

The post NextHome Settles Seller Lawsuits in Ketchmark Copycat appeared first on RISMedia.

Inflation Continues Decline in Latest Consumer Price Index

USA Real Estate News-RISMedia - Wed, 2024-09-11 11:03

In a seemingly positive sign for consumers, inflation has now posted the lowest recent annual increase two months in a row.  Previously, in July 2024, the Consumer Price Index (CPI)—key inflation gauge assembled by the U.S. Bureau of Labor Statistics—rose only 2.9% year-over-year. In the latest CPI for August, the index rose by 2.5%, continuing…

The post Inflation Continues Decline in Latest Consumer Price Index appeared first on RISMedia.

Seller Dwellers: As Mortgage Rates Decline, Will They Finally Plant ‘For Sale’ Signs?

USA Real Estate News-RISMedia - Wed, 2024-09-11 09:13

They’re the yangs to the high-mortgage-rate yins. The homeowners who have the 3% – 4% 30-year mortgage rates and have, over the last few years, refused to vacate, logically in most cases as they have not wanted to take on new mortgages in the 6% – 8% range. All evidence points to a rate cut…

The post Seller Dwellers: As Mortgage Rates Decline, Will They Finally Plant ‘For Sale’ Signs? appeared first on RISMedia.

4 soft skills to focus on post-NAR settlement rule changes

USA Real Estate News-Inman - Wed, 2024-09-11 03:00
These soft skills have never been more critical in light of the National Association of Realtors’ commission suit settlement and subsequent rule changes, OJO Labs CEO Chris Heller writes.

7 tips for staying motivated no matter what happens in the market

USA Real Estate News-Inman - Wed, 2024-09-11 03:00
If you want to tune out the noise, focus on your growth, ensure you have accomplished something at the end of the year, and learn to feel successful no matter what the market does, team leader Jen Berbas writes.
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