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Fannie Mae no longer expects mortgage rates to drop below 6%

USA Real Estate News-Inman - Tue, 2024-03-19 17:07
The recent surge in mortgage rates could take some air out of a projected rebound in 2024 home sales, with deals driven mostly by households who can no longer put off their moves due to life events.

Revamping the Mortgage Process for a Fast-Paced World

USA Real Estate News-RISMedia - Tue, 2024-03-19 15:21

Above, Guaranteed Rate Senior Production Manager Mike Dye While the mortgage industry has traditionally focused on lenders’ needs and priorities, Guaranteed Rate has flipped the script by putting the interests of customers first.  “In the age of Amazon, society has conditioned us to want quick results. What we have effectively created together is a niche…

The post Revamping the Mortgage Process for a Fast-Paced World appeared first on RISMedia.

RE/MAX National Housing Report Shows Sales Picked Up in February

USA Real Estate News-RISMedia - Tue, 2024-03-19 14:23

RE/MAX, which has pivoted to new leadership with a focus on recruitment in Q1 2024, has published its latest national housing report, chronicling the state of the U.S. real estate market up to February 2024. The report surveys and compares 50 large metropolitan areas to make conclusions about the market as a whole.  The report’s…

The post RE/MAX National Housing Report Shows Sales Picked Up in February appeared first on RISMedia.

Homes.com gets analyst boost amid 567% annual traffic spike

USA Real Estate News-Inman - Tue, 2024-03-19 14:18
Despite the initial controversy, Homes.com isn't letting up on its traffic war with Zillow, Realtor.com and Redfin. The CoStar-owned portal reported late last week that it reached 149 million unique visitors in February, which equals a mind-boggling 567 percent growth in unique visitors compared to February 2023.

Court weighs $4.7B Sitzer ruling against last holdout HomeServices

USA Real Estate News-Inman - Tue, 2024-03-19 14:16
Sitzer | Burnett plaintiffs asked the court to order the Berkshire Hathaway affiliate to pay most of the nearly $5.4 billion damages award after NAR, Keller Williams, Anywhere and RE/MAX settle.

The 87 Brokerages Not Included in NAR’s Lawsuit Settlement

USA Real Estate News-RISMedia - Tue, 2024-03-19 13:40

The National Association of REALTORS® (NAR), in choosing to settle commission lawsuits filed by sellers that have dogged the industry for five years (along with the cascade of copycats added over the past six months), framed the decision as being an effort to “protect our members to the greatest extent possible.”  Paying $418 million and…

The post The 87 Brokerages Not Included in NAR’s Lawsuit Settlement appeared first on RISMedia.

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