Last week, as most people were looking forward to porch parties and barbecues over the long weekend, one of the largest home insurers in the country had a different focus: lumber costs and wildfires. State Farm, which services 91 million policies across the country, announced last Saturday that it...
The Houston Association of REALTORS® (HAR) is celebrating its president and CEO Bob Hale's 50-year tenure with the association. In 1973, the HAR board of directors hired Hale as legal counsel, and in 1988, he was tapped as president and CEO. Hale is credited with making the 46,000 member...
With spring mostly behind us, real estate practitioners are finding their footing as 2023 has defied many seasonal norms. Heading into the warmer months, our Broker Confidence Index (BCI) has shown that many in real estate are feeling optimistic despite some market struggles. But we need to hear from...
As of Q2 2023 about 1.3 million (1,285,633) residential properties across the U.S. are vacant, representing 1.3% (one in 79 homes), according to a new report from ATTOM. ATTOM's Vacant Property and Zombie Foreclosure Report for Q2 2023 found that 311,508 residential properties are in the process of foreclosure,...
Mortgage applications dipped again this week, down 3.7%, from last week's 4.6% decrease, the third straight week of decreases, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association's (MBA) for the week ending May 26, 2023. The Market Composite Index, a measure of mortgage loan ...read more
NAR PULSE—Presented by NAR's Center for REALTOR® Financial Wellness and the Center for REALTOR® Development, agents will learn strategies for generating consistent cash flow. Each webinar (June 7, 14 and 21) will help turn your agents' love of real estate into investments that fund their retirement. Turn Opt-in Email ...read more
The market is still changing and clients will still be asking about the latest trends in inventory, pricing and equity. RPR (Realtors Property Resource®) has the perfect solution: Shareable Market Trends. This new feature from RPR lets your agents easily share the key details of monthly inventory, above or...
Despite ongoing affordability challenges and economic volatility, single-family home price tags continued to rise in March—albeit modestly—as limited for-sale inventory helped add some upward pressure. According to the latest S&P Case-Shiller Index, home prices increased 0.7% annually, down from 2.1% in the previous month. This marks the second month...
Fathom Realty has announced its recruitment of five new District Directors across the U.S. as part of an overall brand expansion strategy. The company describes these District Directors as “valuable assets.” The new recruits are as follows: Cindy Malmquist District: Northern Indiana Malmquist is an Indiana native with over...
Buying a new home—especially for your first-time clients—is a roller coaster of emotions. The highs of touring houses and picturing their lives in their new home is followed by the white-knuckle ride to submit a winning offer. Then, the worst part—the anxiety that builds during the seemingly endless wait...