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MLS Survey Foreshadows Potential Spring Rebound

USA Real Estate News-RISMedia - Fri, 2023-03-31 14:04

In the first in a new monthly series, Bright MLS, the second-largest MLS in the country, released a pre-spring survey of its subscribers last week, finding at least some preliminary evidence that buyer demand picked up ahead of an uncertain spring season. This first analysis comes at a key moment, as brokers and agents wait…

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The Power Broker Interview: Gino Blefari Discusses HomeServices’ Performance

USA Real Estate News-RISMedia - Fri, 2023-03-31 14:03

Editor’s Note: RISMedia recently released a special advanced look at the Top 100 firms ranked in RISMedia’s 35th Annual Power Broker Report, exclusively for RISMedia Premier Members. The Top 500 Power Broker firms will also be released in advance to Premier Members in the coming days, and the Top 1,000 firms will be available this…

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Core Inflation Still Persists; Data Indicates Personal Income Increased

USA Real Estate News-RISMedia - Fri, 2023-03-31 14:02

While the Federal Reserve hopes to be ending their interest rate hikes in the coming future, the latest personal consumption expenditure (PCE) index from the Bureau of Economic Analysis—the Federal Reserve’s favored measure of inflation—demonstrates that inflation still persists. The Bureau’s latest data found that the PCE index increased $27.9 billion (0.2%) in February. While…

The post Core Inflation Still Persists; Data Indicates Personal Income Increased appeared first on RISMedia.

Mortgage Mix: Rocket Credit Cards, Extended Mortgage-Payment Deferrals Hit the Market

USA Real Estate News-RISMedia - Fri, 2023-03-31 14:01

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. How low will mortgage rates go? The 30-year fixed mortgage rate dropped for the third consecutive week, according to the latest Primary Mortgage Market Survey® from Freddie Mac, which showed mortgage rates at 6.32% amid…

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Home Prices Have Exceeded Inflation

USA Real Estate News-RISMedia - Fri, 2023-03-31 14:00

Home prices have risen at a significantly higher rate than inflation since 2020, 42% compared to 14%, according to a new report from Clever. Clever’s new report analyzed how inflation and home prices have increased over the decades, honing in 2020 vs. 2022. The report found that the median home price has risen from $329,000…

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The LA ‘mansion tax’ is coming, sending sellers on a sprint to April 1

USA Real Estate News-Inman - Fri, 2023-03-31 12:57
To make their multimillion-dollar properties more attractive and move them more quickly, some sellers have been cutting their asking prices precipitously and negotiating other add-ons into contracts.

Keller Williams, NextHome clinch ‘Most Innovative Companies’ list

USA Real Estate News-Inman - Fri, 2023-03-31 12:36
Released Wednesday, Fortune's "America's Most Innovative Companies" list features four real estate companies. California-based NextHome led the pack with a product innovation score of 257.

‘My phone is ringing’: Homebuyer demand soars to 9-month high

USA Real Estate News-Inman - Fri, 2023-03-31 11:57
Mortgage applications increased 2 percent from a week earlier, marking the fourth week of increases, while purchase applications rose 19 percent from a month earlier, according to data released Friday by Redfin.
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