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Daily market update: June 13, 2017

We’ll add more market news briefs throughout the day. Check back to read the latest. Most recent market news Tuesday, June 13 Zillow Mortgage Rate Ticker: 30-Year Fixed Mortgage Rate is Currently 3.71 Percent According to Zillow Mortgage Rate Ticker, 30-year fixed mortgage rates have risen for first time in five weeks to 3.71 percent. […]

What percent of income are buyers spending on mortgages?

Buyers are spending 29.2 percent of their monthly income for median-priced homes, according to Zillow’s latest study on affordability in 35 of the nation’s largest markets. Monthly and quarterly market studies by organizations such as the National Association of Realtors (NAR) and CoreLogic have shown a continuous rise in home prices over the course of […]

Houzz garners $4B valuation in latest funding round

Houzz has reportedly raised $400 million in Series E funding that values the home remodeling and design platform at $4.3 billion, according to Equidate, a marketplace for investors and shareholders to trade equity in private technology. This is a $1.82 billion increase in value from the company’s last funding round valuation in May 2014. Equidate’s […]

What to do if a ‘squatter’ is occupying one of your bank-owned properties

We’ve all heard the sob stories about renters finding homes on Craigslist that weren’t actually for rent — they’re scams. Well, what happens when someone moves into one of your listings claiming to have been “had” in this way? Laura Harbison That’s the situation Laura Harbison, a team lead with Realty Executives of Southern Nevada, […]

Christie’s International Real Estate to open its first brokerage office

Christie’s International Real Estate (CIRE) is opening its first company-owned residential real estate brokerage office in New York City, ending its affiliation with Brown Harris Stevens. The new office will be based in Christie’s flagship U.S. auction house location at 20 Rockefeller Plaza and will serve global buyers and sellers of luxury real estate in […]

Xome shows real estate tech hoopla comes and goes

New, well-funded real estate tech ventures have reached a fever pitch lately, promising to change the world. But over the years, these grandiose undertakings often sputter or fail and are broken into pieces  — never to realize their promise. Remember Xome? In June 2015, Nationstar Mortgage Holdings launched Xome to much fanfare, hailing it as “world’s […]

Former FBI hostage negotiator to teach tools of the trade at Luxury Connect

During his 24-year tenure at the FBI, Chris Voss served as a lead kidnapping negotiator and oversaw the release of hostages from bank robberies, airplane hijackings and other acts of terrorism. As the CEO of the Black Swan Group, Voss relies on his negotiation training from the FBI, Scotland Yard and Harvard Law School to help business leaders secure and […]

5 ways to sell potential homebuyers on your fixer-upper

As a real estate agent, you know that not every house is perfect. Each has its own quirks that make it ideal for the right homebuyers. However, homes that may require some TLC (at the expense of the future homebuyer) can appear quite daunting. Regardless, fixer-uppers can be sold successfully. Here are five quick tips […]

3 common down payment questions agents should prepare for

Homebuyers often have three common questions about home down payments. Of course, with the growing number of mortgage options and the ever-changing rules associated with them, it can be hard for real estate agents to have all the answers to every question. However, it is possible to prepare yourself and understand how to answer the […]

Crazy Sh*t In Real Estate: Who let the dogs out?

Reposted with permission — show notes and credits here. Yet another unfortunate pet event — apparently someone forgot to tie up the dogs and the results were fatal. In this episode, Leigh shares the mic with Diane Vinson Kolberg, a real estate broker from Bozeman, Montana, who has been in the real estate industry for […]

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