ATTOM Data's Year End 2024 Home Sales Report has found that homesellers made a $122,500 profit on typical sales in 2024, a return on investment of 53.8%. Although both of these numbers soared to near record levels, the profit margin for median-priced home sales nationwide receded from 56.9% to...
In a slight reversal of the past month's trends, the average 30-year mortgage rate decreased from its average last week of 7.04% down to 6.96% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. “After crossing the 7%-mark last week, the 30-year ...read more
Final Offer has announced the launch of Private Exclusive Listings (PX), a new feature that allows agents to share off-market and pre-market properties within their brokerage and directly with clients via a private channel, providing early access to properties before they're publicly listed on the MLS. Private Exclusive Listings...
Buying a home in today's market can be a rollercoaster of emotions. Over the past five years, home prices in many areas have skyrocketed, leaving buyers feeling both anxious and pressured. On one hand, they worry about missing out on further appreciation, leading to a sense of urgency. On...
Social media can be your secret weapon for attracting leads and building your brand—but only if you use it correctly. Don't let common missteps tarnish your online reputation! Here are five social media mistakes every savvy real estate agent should avoid. Failing to engage with your audience Posting creative ...read more
Editor's Note: The RISMedia series, Legislative Round-Up looks at pending and passed federal and state-level legislation that impacts real estate professionals. As a new year and new presidential administration begins, the real estate industry is uncertain of what shape the housing market will take in the coming weeks. Many ...read more
The Conference Board Leading Economic Index (LEI), which measures indicators of significant turning points in the business cycle and where the economy is headed in the near term, posted a 0.1% decline for the month of December, reversing course from a 0.4% rise in November—continuing a long-term trend of...
In another change in leadership at Keller Williams, Gary Keller, co-founder and executive chairman, announced in an email to company employees Jan. 22 that now former CEO and president Mark Willis is immediately transitioning into the role of chief leadership officer. Additionally, Stacie Herron, currently chief legal and administrative...
Mortgage applications barely increased this week amid lingering high mortgage rates, but the increase was enough to push home purchase applications up 2% over last year. That's the latest analysis from the Mortgage Bankers Association, who reported a 0.1% increase in applications over last week's notable 33% jump, per ...read more
Is there anything more depressing for a real estate professional than seeing a For Sale By Owner sign planted in a front yard? Not only does it mean no commission but there is also the subtle hint that your services are not required in order to sell the property....