We’ll add more market news briefs throughout the day. Check back to read the latest. Most recent market news Thursday, October 26 Freddie Mac Primary Mortgage Market Survey 30-year fixed-rate mortgage (FRM) averaged 3.94 percent with an average 0.5 point for the week ending October 26, 2017, up from last week when it averaged 3.88 […]
Bad news for the housing market from the National Association of Realtors this morning. NAR’s Pending Home Sales Index was 106.0 for the month of September, the same as August. That’s down 3.5 percent from last year. And perhaps more worryingly, it’s also the fifth month to see declines in the past six. The index […]
Over the next five years Seattle-based online real estate giant Zillow Group will dedicate money, services, products and resources to address housing insecurity across the nation through its first social impact program, “The Home Project.” As home prices continue to surge and wages fail to keep up, thousands of people in the U.S. teeter on […]
Imagine unlocking the front door of a listing with a single tap. As you enter, music begins to play and the lights turn on. On the wall is a touch-screen display: If you trade in your old home for this one, you learn, you will only have pay $10,000. Opendoor, an “iBuyer” that uses technology to […]
While real estate agents chase leads and close deals on houses, there’s another level of deal-making that takes place within the real estate industry: mergers, acquisitions, integrations and partnerships. Here we recap noteworthy deals that didn’t make it into print (and some that did) for your perusal. Oct. 9: LeadingRE partners with marketing technology Studeo […]
The nation’s luxury market is seeing an inventory shortage and a quarterly price increase of 4.9 percent in as a consequence according to a new report from Redfin. The analysis tracks the top 5 percent of the most expensive homes sold in more than 1,000 cities across the U.S. each quarter. Q3 showed the average […]
Homebuyers and refinancing homeowners using Quicken Loans will now be able to submit their financial information in one step, thanks to Fannie Mae’s Single Source Validation pilot program. Rocket Mortgage by Quicken Loans already allows buyers and owners to import data directly from their bank, and now the Single Source Validation tool will use that […]
SAVE MY SPOT Change is constant in technology, and it seems more true given recent mergers & acquisitions activity in the real estate tech space. In this webinar, we’ll discuss recent trends affecting the industry and distill which technologies and tools are essential for the modern real estate business. Key Takeaways Understand the changing landscape […]
The National Association of Realtors (NAR) has already invested millions in it, yet, some real estate agents won’t even give it a try. They’re missing out. If you are a member of the national association of Realtors, you have access to RPR (Realtors Property Resource). All members can use it and there is no extra […]
Innovation, growth and continuous learning keep real estate professionals ahead in one of the most profitable industries in the world. As 2018 rolls in with full force, make plans to take part in some of real estates most beneficial, thought-provoking and fun events — there’s plenty here you won’t want to miss! January Jan. 9-11 National Association of […]
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