Membership in the National Association of REALTORS® (NAR) has long been an essential requirement for real estate professionals, but that may soon change in the deep south. Alabama REALTORS® is now pushing to end mandatory NAR membership, allowing REALTORS® to only join local and statewide associations. Alabama REALTORS® CEO ...read more
The National Association of REALTORS® (NAR) has announced a new series of consumer resources designed to help REALTORS® empower home buyers and sellers following recent practice changes. To date, NAR stated it has published six installments in the series and will continue to release new resources in the weeks...
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. -The Federal Reserve this week kicked off a long expected campaign of rate cuts with a larger than expected 50 basis point reduction in the federal funds rate. Fed...
A lack of building coupled with rising prices and interest rates that are falling at a tapered pace are the main drivers of the persisting housing affordability crisis, according to researcher Daniel T. McCue, who carried out the analysis for a recent Harvard University study. When new units were...
NAR's 2024 International Transactions in U.S. Residential Real Estate report surveyed members on their transactions with international clients who purchased and sold U.S. residential property from April 2023 through March 2024. Foreign buyers who resided in the U.S. as recent immigrants or were holding visas that allowed them to...
The Department of Justice (DOJ) has approved a settlement from OceanFirst Bank in relation to a redlining investigation against them. The Conciliation Agreement was announced Wednesday, Sept. 18 by the Department of Housing and Urban Development (HUD). OceanFirst Bank—located in Toms River, New Jersey—was alleged to have engaged in ...read more
Property highlights: Location: Austin, Texas Listing Price: $8.9 million Features: 5,100-square-foot waterfront retreat with four bedrooms and five bathrooms. Added Appeal: Solarium pool, ensuite bathrooms, grand room with pitched ceilings and floor-to-ceiling windows complete with lake views. Nestled on the serene shores of Lake Travis, The Bond House is...
As real estate professionals continue to navigate today's legal landscape and face the impactful changes resulting from the National Association of REALTORS®' (NAR) $418 million settlement, mapping out a business plan for the year ahead is more important than ever. Embrace the new As policy changes that took effect ...read more
More signs point to more favorable housing costs this week as average mortgage rates continued to fall, following an aggressive half a point cut to interest rates announced by the Federal Reserve on Wednesday. The 30-year fixed-rate mortgage (FRM) averaged 6.09% this week, down from 6.20% last week, according ...read more
New York's OneKey® MLS reported significant trends in August 2024 reflecting a resilient housing market with higher-value transactions. The multiple listing service, which services Montauk to Manhattan and through the Hudson Valley to the Catskill Mountains, reported in August, the regional single-family closed median sale price was $725,000, marking...