Given the myriad challenges that defined the 2023 real estate market, from low inventory to mortgage rates surging to a 23-year high—and everything in between—it's not surprising that existing-home sales, measuring 4.09 million, sank to their lowest level in 30 years. With a lack of inventory plaguing markets across...
News Category: Real Estate News
Editor's Note: The Mortgage Mix is RISMedia's weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. A new report from ICE found that despite the mortgage market challenges faced last year, first-time homebuyers made significant headway as they claimed 47% of government sponsored enterprise (GSE)...
In his State of the Union Address last night, President Joe Biden addressed the affordable housing issues currently hampering the country, with proposals for change that heartened the National Association of REALTORS® (NAR) and the National Association of Home Builders (NAHB), as well as others. In a White House...
In 1972, the National Commission on Consumer Finance issued a report identifying troubling patterns of credit discrimination against women. The report detailed how single women had more trouble obtaining credit than single men, creditors were unwilling to extend credit to a married woman in her own name, and women...
When you picture a home being built, more often than not, you probably picture the construction occurring onsite. Manufactured housing flips this on its head; a home is built remotely, factory-style, then transported to the land where it will rest. While Housing and Urban Development (HUD) Secretary Marcia Fudge ...read more
The ability to negotiate successfully enhances an agent's reputation, fosters client satisfaction and contributes to long-term success in the competitive real estate world. Let's explore five must-use techniques to improve your negotiation skills and facilitate better deals, getting you more “yeses” at the closing table. Keep communication on the ...read more
The value of buyer agency remains under a microscope, with each successive commission lawsuit asserting more explicitly that buyer representatives are underworked and overpaid. While most consumers are not closely following these developments, with another trial scheduled for later this year and the increased chance of a forced “decoupling”...
Women are a dominant force in the U.S. real estate industry, comprising 62% of REALTORS®. Moreover, single women are the second-largest group of buyers after married couples. Therefore, it's fitting that we celebrate how women impact the real estate market during Women's History Month. According to the 2023 National...
Price per square foot emerges as a foundational metric within real estate, offering a rudimentary gauge for assessing property values. By dividing a property's price by its total square footage, PPSF yields a figure that ostensibly facilitates direct comparisons across diverse properties. Its appeal lies in its simplicity, allowing...
Mortgage rates dipped slightly this week edging down from last week's average of 6.94%, to 6.88% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week's numbers: The 30-year FRM averaged 6.88% as of March 7, 2024, down from last week ...read more