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New-home sales off to a roaring start with record January bump

USA Real Estate News-Inman - Fri, 2024-02-16 14:23
Loan applications for new-home purchases were up 19 percent from a year ago in January, according to an MBA survey of builders that's been an accurate predictor of trends.

January Sees a Notable Drop in Housing Starts

USA Real Estate News-RISMedia - Fri, 2024-02-16 13:26

January saw a notable drop in housing starts across the country—dropping 14.8% from December—to a seasonally adjusted rate of 1.33 million units, a 0.7% decrease below the rate in January 2023, as indicated by a new data report from the National Association of Home Builders (NAHB). The 1.33 million starts figure represents the amount of…

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Rick and Kathy Hilton are saying goodbye to Southampton home

USA Real Estate News-Inman - Fri, 2024-02-16 12:49
The family has owned the shingle-style property since 1999, spending many vacations and holidays there, and is now selling it for $14.95 million.

Legendary Atlanta agent Marsha Sell returns to Coldwell Banker

USA Real Estate News-Inman - Fri, 2024-02-16 12:40
The award-winning Atlanta agent is returning to the brokerage where she spent over 40 years of her career after an 8-year stint at Berkshire Hathaway.

DOJ to Nosalek judge: Broker commissions should be decoupled

USA Real Estate News-Inman - Fri, 2024-02-16 12:07
The Department of Justice said a proposed settlement in the major antitrust lawsuit might itself violate federal law and said buyers should negotiate their broker's commission directly.

WATCH: Ryan Serhant on real estate’s innovation problem

USA Real Estate News-Inman - Fri, 2024-02-16 11:28
At Inman Connect New York, the SERHANT. founder and CEO issued a challenge to the real estate industry to innovate rather than react.

Commission, commission, commission: Inman’s Top 5

USA Real Estate News-Inman - Fri, 2024-02-16 10:54
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Consumer Sentiment Continues to Warm in February

USA Real Estate News-RISMedia - Fri, 2024-02-16 10:32

Consumers’ feelings continue to thaw toward the economy this winter, according to the latest data from the University of Michigan. Consumer sentiment grew an astounding 0.8% in February, following a 13.1% leap in January and a sharp increase in December. “The fact that sentiment lost no ground this month suggests that consumers continue to feel…

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Opendoor Q4 Revenue, Homes Sold Plummet as CEO Looks to ‘Rescale Business’

USA Real Estate News-RISMedia - Fri, 2024-02-16 09:55

Opendoor Technologies Inc., an e-commerce platform for residential real estate transactions, on Feb. 15 reported financial results for Q4 and full-year 2023. The numbers, like so many industry companies after the bruising year, were not good.  While the company earned $870 million in Q4 revenue, it was a 70% drop versus Q4 2022. A net…

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Mortgage Mix: Rates Show Moderate Rise While Applications Pull Back

USA Real Estate News-RISMedia - Fri, 2024-02-16 09:48

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. According to the Primary Mortgage Market Survey® from Freddie Mac, last updated Thursday, February 15, 2024, the 30-year mortgage rate sits at 6.77%. The 15-year mortgage rate currently stands at 6.12%. As noted by Mortgage…

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Inside Real Estate Launches 2024 with New Innovations in AI, Platform & Home Ownership Tech

USA Real Estate News-RISMedia - Fri, 2024-02-16 09:30

Inside Real Estate announced a wave of new product innovations and enhancements, as well as a look at their 2024 roadmap, designed to make it easy for their clients to increase productivity and profit through a fully connected front-to-back office ecosystem. In a recent webinar for InsideRE clients, the company detailed innovative new enhancements to…

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DOJ Calls for “Decoupled” Commissions in Rebuke of Lawsuit Settlement

USA Real Estate News-RISMedia - Fri, 2024-02-16 08:34

In a lengthy and methodical court filing late last night, lawyers for the Department of Justice (DOJ) excoriated a recently proposed settlement in one of the many ongoing commission lawsuits, in a move that is sure to cast doubt on other settlements agreed to by real estate companies, and foreshadows a separate push by federal…

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