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Homebuyers are now paying $400 less per month than in October

USA Real Estate News-Inman - Thu, 2024-01-04 15:53
After rates fell from October highs, homebuyers with a new mortgage are paying about $400 less each month. Still, there's no buying spree — yet.

4 Things Real Estate Appraisers Say Your Sellers Must Know

USA Real Estate News-RISMedia - Thu, 2024-01-04 15:17

Deciding what price sellers should ask for their house is an inexact science. Everyone wants the most money, of course, but listing too high may limit the number of buyers willing to make an offer. Comps won’t always provide the right number, as professional home appraisers say owners often don’t take into account some subtle…

The post 4 Things Real Estate Appraisers Say Your Sellers Must Know appeared first on RISMedia.

Century 21 Announces Expansion in West Virginia

USA Real Estate News-RISMedia - Thu, 2024-01-04 15:14

Century 21 Real Estate LLC. has announced the affiliation of Martinsburg, West Virginia-based firm, Modern Realty Results. Or, as it is now doing business as, CENTURY 21 Modern Realty Results.  Located at the crossroads of West Virginia, Virginia and Maryland, Modern Realty Results was founded in 2018, by its current broker, Larry DeMarco, Sr. DeMarco…

The post Century 21 Announces Expansion in West Virginia appeared first on RISMedia.

How Mortgage Rates Affected Home Affordability in 2023

USA Real Estate News-RISMedia - Thu, 2024-01-04 15:11

Despite their current downtrend, mortgage rates had a heavy affect on homeowner affordability in 2023. Specifically, buying power (a homebuyer’s budget)and square footage (what home size is affordable) have been two of the areas most affected by the shifts in rates. A new report from Point2 takes a look at the smallest and largest changes…

The post How Mortgage Rates Affected Home Affordability in 2023 appeared first on RISMedia.

What Are Seller Concessions in Real Estate?

USA Real Estate News-RISMedia - Thu, 2024-01-04 14:47

When buying or selling a home, you must remember various financial considerations. One such aspect is seller credits, which can play a significant role in real estate transactions. Seller credits, or concessions, are essential for buyers and sellers to understand. They are financial incentives homesellers offer buyers as part of the closing process. We will…

The post What Are Seller Concessions in Real Estate? appeared first on RISMedia.

CRD Connect: Communicating Your Value as a Buyer’s Rep

USA Real Estate News-RISMedia - Thu, 2024-01-04 14:14

No two years in real estate are ever the same, and things can change quickly. As we enter the new year, it’s likely that 2024 will be no exception. Due to the recent outcome of the Sitzer/ Burnett trial, real estate professionals and consumers are closely examining buyer agency and cooperative compensation. While the long-term…

The post CRD Connect: Communicating Your Value as a Buyer’s Rep appeared first on RISMedia.

Communicating Your Value as a Buyer’s Rep

USA Real Estate News-RISMedia - Thu, 2024-01-04 14:14

No two years in real estate are ever the same, and things can change quickly. As we enter the new year, it’s likely that 2024 will be no exception. Due to the recent outcome of the Sitzer/ Burnett trial, real estate professionals and consumers are closely examining buyer agency and cooperative compensation. While the long-term…

The post Communicating Your Value as a Buyer’s Rep appeared first on RISMedia.

It’s official: NAR reports first full-year membership dip since 2012

USA Real Estate News-Inman - Thu, 2024-01-04 13:59
The membership of the National Association of Realtors shrank by 1.7 percent last year as the trade group weathered a tough market and major lawsuits.

EXp Realty lassos a pair of high-performing Texas teams

USA Real Estate News-Inman - Thu, 2024-01-04 13:47
The Mike Seder Group and the Ronnie and Cathy Matthews Group join eXp as the battle for top agents continues to be one of real estate's defining stories.

Mortgage Rates Move Sideways as Markets Digest Incoming Data

USA Real Estate News-RISMedia - Thu, 2024-01-04 12:57

The 30-year-fixed-rate mortgage remained flat this week, averaging 6.62%, relatively the same as last week’s decline to 6.61%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac.  This week’s numbers: The 30-year FRM averaged 6.62 percent as of January 4, 2024, up slightly from last week when it averaged 6.61 percent. A…

The post Mortgage Rates Move Sideways as Markets Digest Incoming Data appeared first on RISMedia.

A piece of the San Francisco Bay could be yours for $25M

USA Real Estate News-Inman - Thu, 2024-01-04 12:33
The only private island in San Francisco Bay is up for a sale with a $25 million price tag. Red Rock Island is a six-acre vacant hill just off the Richmond-San Rafael Bridge north of the city. 

Larry Flick V to Lead Panel on Best Paths to Success at RISMedia’s 2024 Rocking in the New Year

USA Real Estate News-RISMedia - Thu, 2024-01-04 12:27

RISMedia is excited to announce that Larry Flick V—CEO of Berkshire Hathaway HomeServices Fox & Roach/The Trident Group—will be heading up an industry-leading panel of real estate experts at the 2024 Real Estate’s Rocking in the New Year, the company’s fourth-annual all-virtual conference to be broadcast live on Jan. 11, 2024.  Click here to register! …

The post Larry Flick V to Lead Panel on Best Paths to Success at RISMedia’s 2024 Rocking in the New Year appeared first on RISMedia.

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