Moving is the cornerstone of the real estate business, so moving trends—aka residential mobility—are important for agents to note and understand in order to best serve their markets. In recent years, however, mobility has seen some unprecedented shifts due to the pandemic. A new study from Harvard's Joint Center ...read more
The U.S. Department of Housing and Urban Development (HUD) has seen its efforts to cancel several Fair Housing Initiatives Program (FHIP) grants blocked following a lawsuit. On Tues., March 25, Judge Richard G. Stearns in the U.S. District Court for the District of Massachusetts ruled in a lawsuit against ...read more
The COURT REPORT is RISMedia's weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Berkshire Hathaway Energy Company joins push for Judge Bough recusal Judge Stephen Bough—the federal court judge who is overseeing the Burnett and Gibson lawsuits—has been called to recuse himself...
In a stunning strategic business transaction announced March 31, Rocket Companies, the Detroit-based fintech platform including mortgage, real estate, title and personal finance businesses, announced a definitive agreement to acquire Mr. Cooper Group in an all-stock transaction for $9.4 billion in equity value. Rocket said it will bring its...
ERA Real Solutions Realty based in Cincinnati, Ohio, has announced it has joined forces with luxury firm Naples Realty Services. The move creates a contiguous service area of more than 50 miles, spanning from Fort Meyers to Marco Island, Florida. With this announcement, Naples Realty Services will now operate...
Stellar MLS, serving the Florida and Puerto Rico markets, has announced it is partnering with Rayse, a real estate technology company, to bring broker customers a new resource for creating customized experiences for their agents and clients using its platform for buyer presentations, client portals, closing reports and more....
Editor's Note: The Mortgage Mix is RISMedia's biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. –Mortgage rates were up this week and home purchase applications were down, but that doesn't tell the whole story. As mortgage rates have hovered in between 6% and...
Above: Vince Leisey For Vince Leisey—CEO of Omaha, Nebraska-based Berkshire Hathaway HomeServices Ambassador Real Estate—offering concierge-level service is mission-critical in today's market. With inventory shortages continuing to put a strain on the housing market and fewer buyers than we've seen in a long time, Leisey points to his relationship...
Homeowners across the U.S. are facing rising property taxes—and Florida legislators are floating proposals to not only bring down homeowners' tax bills, but to phase out the property tax altogether. Though facing some recent risk and decline, Florida is projected to remain one of the most booming housing markets ...read more
Consumer sentiment continues to take a serious tumble, with members of all political groups beginning to express worry and unease in their economic outlooks, according to the latest data from the University of Michigan. The latest Index of Consumer Sentiment reading came in at 57 for March, falling a...