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Mortgage Rates Remain at Lowest Level in Over a Year

USA Real Estate News-RISMedia - Thu, 2024-08-15 11:55

With the exception of one increase over the Fourth of July, the average mortgage rate has either dipped or remained flat for the last 10 weeks, continuing the trend this week with little movement and remaining at its lowest level in over a year.  This week’s Primary Mortgage Market Survey® (PMMS®) from government-sponsored enterprise (GSE)…

The post Mortgage Rates Remain at Lowest Level in Over a Year appeared first on RISMedia.

Former Ribbon team launches AI-fueled home transaction platform

USA Real Estate News-Inman - Thu, 2024-08-15 11:45
The team that founded EasyKnock-acquired power buyer Ribbon has launched Indigo, an artificial intelligence-powered transaction management and home search platform. The platform is only available in Charlotte and is free to use until Oct. 1.

Typical monthly mortgage plunges from all-time high recorded in April

USA Real Estate News-Inman - Thu, 2024-08-15 11:29
The latest adjustment marks the lowest a typical payment has been in six months — and, with a mere 1 percent month-over-month increase, the smallest uptick in five years, according to a Redfin analysis.

NAR Settlement-Driven Changes Are Imminent—What Do Homebuyers and Sellers Think?

USA Real Estate News-RISMedia - Thu, 2024-08-15 10:54

All eyes are locked on the upcoming November court date that will decide whether the proposed actions from the National Association of REALTORS®’ (NAR) settlement receive final approval. As changes begin to take effect this month, however, the frenzy of what-ifs continues to run rampant, and Clever Real Estate is the latest organization to throw…

The post NAR Settlement-Driven Changes Are Imminent—What Do Homebuyers and Sellers Think? appeared first on RISMedia.

Op-Ed: We Must Remain a Unified Force

USA Real Estate News-RISMedia - Thu, 2024-08-15 09:20

Editor’s note: Robert Reffkin will be one of 120+ speakers at RISMedia’s 36th Annual CEO & Leadership Exchange, September 4-6, in Washington, D.C. Learn more and register to attend at https://events.rismedia.com/ceo-exchange-2024. Having grown up as the son of a real estate agent, I know firsthand that this business is built on change. As the first…

The post Op-Ed: We Must Remain a Unified Force appeared first on RISMedia.

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