Fractured MLS Landscape Begins Embracing Tech, Consolidation
It is not the flashiest or most dynamic part of the real estate industry. The concept of a Multiple Listing Service, or MLS, goes back more than 100 years when local boards would meet in a dusty office and exchange paper copies of listings. Eventually, these were consolidated into larger volumes accessible by members of […]
The post Fractured MLS Landscape Begins Embracing Tech, Consolidation appeared first on RISMedia.
Existing-Home Sales Mark 15-Year Milestone, Despite Decline in December
After seeing several months of gains, existing-home sales retracted in December by 7.1% to a seasonally adjusted annual rate of 6.18 million, with each of the four major U.S. regions seeing both a month-over-month and year-over-year decreases, according to the latest data from the National Association of REALTORS® (NAR). Despite the drop, overall sales for […]
The post Existing-Home Sales Mark 15-Year Milestone, Despite Decline in December appeared first on RISMedia.
Mortgage Rates Rise to Highest Level Since Onset of Pandemic
Mortgage rates continued their upward trajectory for the fourth straight week, rising to their highest level since the beginning of the pandemic, according to this week’s report from Freddie Mac. According to the agency’s Primary Mortgage Market Survey® (PMMS), the 30-year fixed mortgage rate averaged 3.56% for the week ending Jan. 20, climbing another 0.7 […]
The post Mortgage Rates Rise to Highest Level Since Onset of Pandemic appeared first on RISMedia.
Report: Inventory Down More Than 40% From Pre-Pandemic Level
As the consumer shopping season wound down in December, real estate demand remained high amidst staggeringly low inventory. Zillow’s latest market report showed housing inventory is down 40.5% versus December 2019—just a few months before the COVID-19 pandemic began. The low-inventory pressure is having a clear and direct impact on home prices, which are continuing […]
The post Report: Inventory Down More Than 40% From Pre-Pandemic Level appeared first on RISMedia.
The Institute: December Luxury Market Report
The Institute’s Luxury Market Report is your guide to an analysis on the trends and comparative data on the top-residential markets throughout Canada and the United States. December’s report reviews the current statistics for the luxury market in North America month over month, as well as the 13-month trend. This month, we take a moment to reflect […]
Maintaining a Winning Position
Steve Kloetsch Co-Founder/CEO Andy Kloetsch Co-Founder/COO RSVP Real Estate ERA Powered Bellevue, Washington www.rsvpre.com Region served: Washington State Years in real estate: Steve: 17; Andy: 23 Number of offices: 2 Number of agents: 400 Best advice for new agents: Communicate with your sphere of influence on a regular basis. Must-have technology tool for 2022: […]
Homebuyers Narrow Home Search With Technology
Homebuyers who successfully purchased a home last year only viewed a median of eight homes before purchasing. For some buyers who put down multiple contracts and repeatedly lost bidding wars, this may seem like very few, however for others who found limited housing inventory in their area, it may seem like a wide selection. Looking […]
Weichert Named a Top Franchise by Entrepreneur Magazine for 18th Straight Year
Weichert Real Estate Affiliates, Inc. was recognized as one of the top 500 franchises across the United States and Canada for the 18th straight year by Entrepreneur magazine, as the outlet recently announced its 43rd annual “Franchise 500®” ranking. The company showed significant advancement in its overall ranking, moving up 55 spots to No. 282 […]
The post Weichert Named a Top Franchise by Entrepreneur Magazine for 18th Straight Year appeared first on RISMedia.
Share of Mortgage Loans in Forbearance Decreases to 1.41% in December
The Mortgage Bankers Association’s (MBA) new monthly Loan Monitoring Survey release this week revealed that the total number of loans now in forbearance decreased by 26 basis points from 1.67% of servicers’ portfolio volume in the prior month to 1.41% as of December 31, 2021. According to MBA’s estimate, 705,000 homeowners are in forbearance plans. […]
The post Share of Mortgage Loans in Forbearance Decreases to 1.41% in December appeared first on RISMedia.
HUD Announces $83 Million to Deliver Equitable COVID-19 Relief to Tribal Communities
The U.S. Department of Housing and Urban Development (HUD) has announced the awarding of more than $83 million in Indian Community Block Grant-American Rescue Plan (ICDBG-ARP) grants to 74 Tribal communities to prevent, prepare for, and respond to the COVID-19 pandemic. This is the third round of ICDBG-ARP awards, underscoring the Biden-Harris Administration’s commitment to […]
The post HUD Announces $83 Million to Deliver Equitable COVID-19 Relief to Tribal Communities appeared first on RISMedia.