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Fed stays put but is prepared to hike rates one more time this year

USA Real Estate News-Inman - Wed, 2023-09-20 16:22
Treasury yields, a barometer for mortgage rates, barely budged Wednesday as bond market investors look ahead to next year when the Fed is expected to start bringing short-term rates back down.

Top-producing LGBTQ+ Real Estate Alliance members earned $8.53B

USA Real Estate News-Inman - Wed, 2023-09-20 16:09
The third annual Top Producers list honors 388 agents and team leaders who raked in $8.53 billion in 2023 alone, reflecting the growing influence of LGBTQ+ agents in the industry, the Alliance says.

Lamacchia Realty Acquires Keystone Property Group of Seekonk, Massachusetts

USA Real Estate News-RISMedia - Wed, 2023-09-20 15:05

Jodi Hedrick, left, with Broker/Owner Anthony Lamacchia of Lamacchia Realty Lamacchia Realty has announced the acquisition of the Keystone Property Group, a well-known brokerage with one office and 52 agents in Seekonk, Massachusetts. The company, which reports over $100 million in annual sales in Massachusetts and Rhode Island for the past several years, was opened…

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CoreLogic App Passes 1 Million Milestone

USA Real Estate News-RISMedia - Wed, 2023-09-20 14:52

CoreLogic® has announced that MLS-Touch® (also known as Prospects Mobile in Canada) has increased its reach in the last 18 months to more than one million agents across North America. MLS-Touch provides the information agents need when they’re on the go, meeting clients, as stated by CoreLogic. It’s intuitive to use and delivers complete integration…

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Fed Pauses, But Projects Higher Rates Next Year

USA Real Estate News-RISMedia - Wed, 2023-09-20 14:43

For just the second time in 19 months, the Federal Reserve chose today to meet without raising interest rates, leaving the federal funds rate as is even as the economy—and specifically, a very vulnerable housing market—shows signs of weakness. But the central bank made it clear it still expects to raise rates again this year,…

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Stellar MLS Welcomes New Shareholder

USA Real Estate News-RISMedia - Wed, 2023-09-20 14:25

Above, Merri Jo Cowen, CEO of Stellar MLS  Stellar MLS has announced that the New Smyrna Beach Board of REALTORS® (NSBBOR) is its newest shareholder. As the third largest MLS organization in the United States and the largest in Florida and Puerto Rico, Stellar MLS remains a leading force in the real estate industry, providing…

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Demand for purchase loans picks up, but so do mortgage rates

USA Real Estate News-Inman - Wed, 2023-09-20 14:18
Applications for FHA mortgages and conforming loans backed by Fannie and Freddie were up last week, even as rates crept back toward 2023 highs registered in August.

Maintaining a True Team Culture

USA Real Estate News-RISMedia - Wed, 2023-09-20 14:01

Shane Bronson Florida Regional Vice President & Vice President of Relocation Lamacchia Realty, Inc. Fort Lauderdale, Florida | https://www.lamacchiarealty.com  Region served: Fort Lauderdale, Florida and New England Years in real estate: 28 Number of offices: 13 Number of agents: 500 What ultimately attracted you to Lamacchia Realty, and what makes the brokerage a good fit…

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