The Leading Economic Index (LEI) increased by 0.1% in February to 102.8, marking the first time in two years the business-cycle monitor showed an uptick, thanks in part to residential construction, according to the latest release from The Conference Board. According to the latest report, the increase follows ...read more
News Category: Real Estate News
The Fed left rates unchanged Wednesday but it did indicate it will cut rates three times before the end of the year. The central bank said it needs to see inflation move more sustainably toward its target 2% goal before initiating rate cuts. “Recent indicators suggest that economic activity...
We all know that luxury real estate trends ebb and flow based on numerous factors from the seasons to the state of the economy. Equally, design preferences tend to fluctuate with some new fads occurring while other trends remain timeless. Today, design is all about individuality and creating experiences—gone ...read more
Above, Cory Vasquez, left, and Vinnie Tracey Realty ONE Group International announced several high-level promotions Monday, including the promotion of Cory Vasquez, who will maintain her role as the company's Chief Marketing Officer while moving into a co-president role alongside industry icon Vinnie Tracey. Tracey will work with Vasquez...
The real estate industry has been abuzz since NAR's announcement of their settlement in their ongoing commission lawsuits last Friday. Conversations are spurning left and right about the decision: the terms, what they mean and how that will trickle down the industry. To break down the proposed settlement's terms:...
Following a rise in mortgage rates last week, mortgage applications decreased 1.6% from after last week's 7.1% increase, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association's (MBA) for the week ending March 15, 2024. Here's a look at this week's numbers: The Market ...read more
Chris Raveis Co-President/President of Residential Sales William Raveis Real Estate, a member of Leading Real Estate Companies of the World® Shelton, Connecticut https://www.raveis.com Region served: Connecticut, Florida, Massachusetts, Maine, New Hampshire, New York, Rhode Island, South Carolina and Vermont Years in real estate: Since 1993 Number of offices: 150...
The lack of understanding around how real estate transactions work—and misunderstandings and misinformation regarding the recent National Association of REALTORS®' (NAR) settlement agreement—goes all the way to the top. In a campaign event yesterday, President Joe Biden, while speaking on housing affordability, incorrectly stated to thousands of people that...
Fannie Mae's most recent economic projections, up to March 2024, suggest that mortgage rates will remain elevated for a while longer. Per Fannie Mae's Economic and Strategic Research (ESR) Group, the 30-year mortgage rate is now projected to sit at 6.4% by the end of 2024–higher than the previously ...read more
Above, Guaranteed Rate Senior Production Manager Mike Dye While the mortgage industry has traditionally focused on lenders' needs and priorities, Guaranteed Rate has flipped the script by putting the interests of customers first. “In the age of Amazon, society has conditioned us to want quick results. What we have ...read more