Consumer Tips

    RISMedia’s Newsmakers: Putting a Spotlight on the Agents of Change

    Every industry has pioneers for a better way, and that is no different in real estate. From exploring new technology and resources to elevating industry standards, these “Trailblazers” are working hard to navigate complex challenges, identify opportunities and provide solutions to help move the industry forward. For the sixth year in a row, we are…

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    Home Sales Plummeting Across Price Points, Regions

    Existing home sales continue to free-fall, seemingly not yet hitting a floor as the market is now half a year into an accelerating decline, with July seeing a 16.2% year-over-year drop—even as other metrics paint a much more complicated picture around housing, according to the latest data from the National Association of REALTORS® (NAR). With…

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    Leading Data Still Points to ‘Mild’ Recession

    Non-profit economic think tank The Conference Board saw its Leading Economic Index (LEI) fall for the fifth month in July as recession risks remain a clear danger to the country heading into the fall. The LEI, which relies on a broad swath of big-picture macroeconomic metrics including manufacturing orders, housing permits and stock prices, fell…

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    Mortgage Rates Revert from Last Week

    The 30-year fixed-rate mortgage (FRM) changed course again this week, averaging 5.13%, down from 5.22%, according to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac today. Key highlights: 30-year fixed-rate mortgage averaged 5.13% with an average 0.8 point as of August 18, 2022, down from last week when it averaged 5.22%. A…

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    Mortgage Applications Change Course After 2 Weeks of Increases

    After two weeks of increases, mortgage applications changed course this week, decreasing 2.3% from one week earlier, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending August 12, 2022. Key findings: The Market Composite Index, a measure of mortgage loan application volume, decreased 2.3% on a…

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    4 Ways to Create Confidence in Your Sellers

    There is no denying that these are unusual times in the real estate market. The media reports that the number of homes listed for sale in many parts of the country remains abnormally low, with multiple offers at or above listing prices throughout the country, even in the luxury market. The situation has created a…

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    Combatting the Labor Crisis

    The U.S. labor crisis still plagues us. In fact, it’s getting worse. This isn’t hyperbole or sensationalism. It’s grounded in facts and supported by data. The Bureau of Labor Statistics released data at the beginning of May that revealed that 11.5 million job openings existed in March. They also reported that a record 4.5 million…

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    Study: Vacancy Rates Top 23% in America’s Priciest Towns

    A recent study by LendingTree found that more than 320,000 homes across the nation’s most expensive towns sit vacant. For the study, the mortgage analyzed housing data to determine vacancy rates in the nation’s 50 most expensive ‘micropolitan’ areas (towns) with populations between 10,000 and 50,000. Here are some of the key findings: Across the…

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    RE/MAX Hosts Over 1,100 Real Estate Professionals at 2022 RE/MAX Broker Owner Conference

    Over 1,100 RE/MAX leaders and guests gathered at the Gaylord Opryland Resort & Convention Center in Nashville, Tennessee this week for the global real estate franchisor’s 2022 RE/MAX Broker Owner Conference, RE/MAX has announced.. The three-day event included many BOC staples—the opening general session, speakers, networking opportunities, Children’s Miracle Network Hospitals® Auction, approved supplier marketplace,…

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    Fathom Holdings Appoints Scott Flanders to Board of Directors

    Fathom Holdings Inc., has announced the appointment of Scott Flanders to its board of directors. He will also serve as chair of Fathom’s Compensation Committee. Flanders succeeds Jeffrey Coats, who left the board to pursue other business interests, the company stated. Flanders has served in executive management positions of several high-profile public companies and is…

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