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ICE: First-Time Homebuyers Account for Record 47% of GSE Purchase Loans in 2023

USA Real Estate News-RISMedia - Thu, 2024-03-14 12:05

First-time homebuyers have long faced a trifecta of high mortgage rates, low housing inventory and climbing home prices throughout much of the country, making homeownership a difficult journey. Despite these challenges, first-time homebuyers still made up the largest share (55%) of all agency mortgage purchase securities issuance in a decade and a record 47% of…

The post ICE: First-Time Homebuyers Account for Record 47% of GSE Purchase Loans in 2023 appeared first on RISMedia.

As spring nears, real estate agents are reconsidering paid leads: Intel

USA Real Estate News-Inman - Thu, 2024-03-14 11:34
Two months of Inman Intel Index survey data shows waning confidence in real-world business-building activities but growing interest in buying leads on the internet.

Mortgage Rates Dip for Second Straight Week

USA Real Estate News-RISMedia - Thu, 2024-03-14 11:08

The 30-year fixed-rate mortgage (FRM) continued to decrease this week, from last week’s average of 6.66% to an average of 6.74% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: The 30-year FRM averaged 6.74%, down from last week when it averaged 6.88%. A year…

The post Mortgage Rates Dip for Second Straight Week appeared first on RISMedia.

Potential Alternative to NAR Holds First ‘Listening Tour’ Event; More Planned

USA Real Estate News-RISMedia - Thu, 2024-03-14 09:39

The American Real Estate Association (formerly but no longer using the acronym AREA) conceived in January as a potential alternative to the National Association of REALTORS® (NAR), held its first event virtually, a “listening tour,” where they heard from agents across the country about their hopes and concerns for the industry.  One of the main…

The post Potential Alternative to NAR Holds First ‘Listening Tour’ Event; More Planned appeared first on RISMedia.

Multifamily Rents Rise Ahead of Spring, Led By Northeast and Midwest

USA Real Estate News-RISMedia - Thu, 2024-03-14 09:25

The multifamily rental market recently stabilized as housing market challenges persist, seeing its first price rise in seven months. Yardi’s latest National Multifamily Report for February found that multifamily rents rose slightly by $1 to $1,713, while year-over-year growth was unchanged at 0.6%. The Northeast and Midwest continue to outperform over the short term, led…

The post Multifamily Rents Rise Ahead of Spring, Led By Northeast and Midwest appeared first on RISMedia.

Brokerage BHS appeals orders to pay agent $977K for discrimination

USA Real Estate News-Inman - Thu, 2024-03-14 08:47
Brown Harris Stevens of the Hamptons seeks to overturn rulings awarding Shauncy Claud nearly $1 million after a court found the firm wrongfully fired her for filing a discrimination complaint.
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