4 Ways To Shift Your Real Estate Marketing in Autumn
October has rolled in, but 2023 isn’t over yet. That said, if you’re looking for a business pivot, a new season is as good a time as any. Autumn is the season of change and renewal, after all. Here are some ways you can get your business into the Fall spirit, and even win you…
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Housing Affordability Worsens in Q3 2023
Housing affordability worsened in Q3 2023 due to rising mortgage rates—which have now surpassed 7%—and high home prices, along with other economic challenges. ATTOM’s Home Affordability Report for Q3 2023 found that median-priced single-family homes and condos are less affordable in the third quarter of 2023 compared to historical averages in 99 percent of counties…
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The October Issue of Real Estate Magazine Is Now Live
The October issue of RISMedia’s Real Estate magazine is now available, and not to be missed are several exclusive features, including an in-depth look at the five regional winners for RISMedia’s Real Estate Rookie of the Year and how they are surviving and thriving through current market challenges. In addition, we feature looks at United…
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Family-Owned Long Island Brokerage Joins Century 21
Century 21 Real Estate LLC. continues its expansion in New York state; Anchor Real Estate of Long Island, Inc. has affiliated with the brand and will now do business as CENTURY 21 Anchor Real Estate, the company has announced. The firm was founded in 2017 by the mother-daughter duo of Gina and Cristina Ferraro, Anchor…
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Florida Firm Joins RE/MAX
Florida firm Foxfire Realty, operated by Gene Boone and his grandson Own, has affiliated with the RE/MAX Brand; it is now operating as RE/MAX Foxfire, the company has announced. “We were completely blown away by the tools and technology and the culture of RE/MAX,” says Owen Boone, RE/MAX Foxfire vice president and director of operations.…
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Mortgage Mix: Government Shutdown Looms; DOJ Wins Redlining Case
-With a potential government shutdown looming this weekend, mortgage lenders are preparing for potential disruptions, mostly affecting transactions that require federal flood insurance—though the potential fallout is still unclear. –Mortgage rates reached a two-decade high this week, with the 30-year fixed climbing to an average of 7.31%, according to Freddie Mac. This comes despite a…
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Op-Ed: The Civic Duties of the Real Estate Professional
There really is nothing as powerful as people fighting for their community. In this information age, we see people form groups and friendships that stretch across borders, across oceans; or they stay involved with their hometown from thousands of miles away. But physically living or working in a place—walking, biking or driving those streets every…
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Latest Inflation Data Beats Expectations; Consumers Still Spending
While still ticking upward, the PCE index—the Federal Reserve’s preferred measure of price increases—rose less than expected today, fueling optimism that there won’t be another resurgence in inflation. Additionally, the report showed that consumer spending rose slightly, another positive sign that consumers are continuing to open their pocketbooks despite a hawkish Fed and some previously…
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Report Shows Slowing Improvements in Mortgage Delinquencies
Mortgage rates are a predictor for homebuyer behavior—a conversation you’ve surely had with your clients before. Data analytics firm Black Knight, recently acquired by the Intercontinental Exchange, has released a Mortgage Monitor report tracking the state of mortgage delinquencies. The main takeaway? Mortgage delinquencies are declining, as is the rate at which they’re doing so.…
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NAR Accuses Lawsuit Plaintiffs of Attempting to Dodge Cross-Examination
With just under three weeks before the first of the major commission lawsuits goes to trial, the potential for courtroom drama appears to be growing as three of the plaintiffs who launched the suit are attempting to withdraw as class representatives. Lawyers for the National Association of REALTORS® (NAR) and two brokerages named as defendants…
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